The Titagarh Paper Mills were set up at Titagarh and Kakinara in 1882. The group consisted of two paper mills in West Bengal, along with several jute mills and other associated factories, including Kinnison Jute MIll, Titagarh Jute MIll No. 2, Standard Jute Mill, Empire Jute Mill, George Salter India, Britannia Engineering Works, a CESC generating station, and other facilities, most of which were located in Titagarh, and at one time held under and governed by a single managing agency. The Titagarh Paper Mills, long established as India's leading manufacturer of specialty papers, currency note paper, and newsprint, produced a total of 38,550 tons of paper in 1947. The paper production facilities were extensively modernized and expanded between 1966 and 1974, to keep pace with the demands of India's burgeoning post-Independence press, and a third, leading-edge, paper mill of the TPM group was developed in Choudwar, Orissa, but the third paper mill was later sold to Ballarpur Industries Ltd. The successor of Titagarh Paper Mills is Titagarh Industries Ltd., located in Kolkata and formed as an umbrella organization, which in 1994 acquired Titagarh Paper Mills and its related facilities in West Bengal. The diversified company now includes Titagarh Paper Mills, Titagarh Wagons Ltd., Titagarh Steels, and, in other locations, Continental Valves, TIL Valves, Tecalemit Industries Ltd., and Panihati Rubber Ltd
