 In 1908, John Cumming wrote in the "Review of the Industrial Position and Prospects in Bengal" that the "enterprise shows signs of resourcefulness and business capacity, which should be an object lesson to capitalists of this province".From a beginning with one factory in Kolkata's Maniktala in 1905, three more factories were established – one in Panihati in 1920, one in Mumbai in 1938, and one in Kanpur in 1949, with its registered office at 6 Ganesh Chandra Avenue, Kolkata.The company began to struggle after Roy's death in 1944, and started making losses in the mid-1950s.