Patel Brothers is a Partnership firm established in 1905. Primarily a cotton trading firm acting as agents, broker also dealt in Spot and Futures Markets. The partners were the first Indians to become members of the New York Cotton Exchange in 1910. Subsequently, with the increase in the business Patel Cotton Co. Ltd. was formed, which took over the entire Cotton trading activities of the firm and grew to become one of the largest firms in its kind in the country.
Later, in 1961 along with Volkart of Switzerland who were one of the largest Cotton and Coffee traders in the world we formed Patel Volkart Ltd. with interest in Shipping, Travel, Cotton Ginning and trading activities. Later in 1972 there was a merger with a Tata Group Company Gokak Mills Ltd. to form Gokak Patel Volkart Ltd., which was quoted, on the Bombay Stock Exchange, and today as Forbes & Co. Ltd.
In 1974 to take over the agency businesses of Patel Brothers, Patel Brothers Services and Engineering Pvt. Ltd. (PBSE) was established. The principal products of the Company were Cottonseed/Sunflower Preprocessing Machinery in the collaboration with Muray Carver Inc. (USA) where we have over 95% of the market share in India. Industrial Barrier creams for the skin in collaboration with Kerodex Ltd. (UK). Here we have over 90% of the market share for these preparations. In all our products, we have been the pioneers starting up and building the market.