Swasti Vinayaka Synthetics was incorporated as a private limited company on March 9, 1981 by the name of Rajesh Synthetics.Till 1985, the company was mainly engaged in the marketing of suiting, shirting, sarees and dress materials. The company set up its first plant at Tarapur in 1985 to manufacture suiting and shirting. In 1985 it changed its focus from trading to manufacturing activities. Till 1989, SVSL was part of the Siyaram Group.