In 1860, P. Crystall and Company from
Scotland set up a cotton bailing press at Kumta in North
Kanara, Karnataka, India. One of their trusted employees was
Mr. N. A. Sirur, the founder of the SIRUR GROUP OF
COMPANIES, of which the Cotmac Group is an important
Mr. N. A. Sirur, due to his mature experience was invited to
be a partner in P. Crystall and Company. After the demise of
the senior Mr. P. Crystall, Mr. N. A. Sirur was given first
preference to take over their business of cotton & yarn
trading and the textile mills in Bangalore.
In 1915, Mr. N. A. Sirur retired from active business and
entrusted the affairs of the mills to Mr. D. N. Sirur. his
elder son. The affairs of the cotton & yarn trading were
entrusted to the younger son, Mr. V. N. Sirur and this was
the genesis of the SIRUR GROUP OF COMPANIES, which today
includes over 10 companies with a total turnover of US $
1500 m. They are broadly categorised as the Cotmac Group,
Miven Group and the Mogora Cosmic Group.
The origin of the present Cotmac Group of Companies:
In 1950, M/s. N.A. Sirur & Co. opened a new business entity
to take up distribution of engineering goods like
agricultural machinery, motors, tractors, diesel engines,
starters etc. to farmers and industries in North Karnataka.
This company was named M/s. Sirur Agencies Pvt. Ltd.
It was then felt that the company should sound more
functional and impersonal, and the name of the company was
then changed from Sirur Agencies Pvt. Ltd. to "Cotmac", an
acronym of COT-ton and MAC-hinery.
Thus Cotmac Private Limited came into existence in 1955.
The last few decades have brought singular development
through expansion and diversification of business. Excellent
growth resulting in increase in the number of companies from
one to ten and branching out from the primary business of
trading into activities connected with electronics,
software, telecommunication etc. All these companies today
constitute the Cotmac Group of Companies.