The company was founded by Sh. Gain Chand Jain in 1935, in the walled city of Delhi. Within a few years, the business operations were expanded to Mumbai and Surat. While Surat was developed as a sourcing point, Mumbai served as a port for international trade and export. The introduction of the economic liberalization policy by the Government of India in the early 1990s offered a vast opportunity for expansion and entry into other segments. Nanya grabbed this opportunity and expanded its horizon to import products from South-East Asian countries, since the past three decades.