Victoria Mills Limited, established in January 1913, specializes in the manufacturing and distribution of cloth, yarn, and cotton waste. Its product range includes dhotis, sarees, shirting, printed poplin, volleys, grey and bleaching long cloth, gadlapat, coatings, among others. The company undertakes dyeing, calendaring, merchandising, yarn dyeing, and manforising operations, producing counts ranging from 18s to 80s and cloth widths spanning from 24 to 64 inches.
While the company has been actively trading fabrics in the local market, it is now exploring opportunities for exporting value-added fabrics. In April 2002, the Demerger scheme was executed, resulting in the issuance of shares in Galactic Enterprises Ltd to shareholders. As per the High Court-approved Demerger Scheme, each shareholder of The Victoria Mills Ltd. received ten shares of the new demerged entity.