The group was founded in the 1960s by Shri Mukundasji Lohia. The idea to offer quality homes to the people of Pune was indeed noble and had immense potential so the two gentlemen decided to transform their dream into reality. Slowly and steadily the business grew and today what is popularly known as Mukundnagar was then under the able command of Mukundasji Lohia. He gave shape to the suburb and made it a prime area of residence. Mr. Purushottam Lohia started looking after the business activity from 1984-85.

Jain family is originally based in Dondiacha (Dist. Dhule) and involved in the business of Pulses & Friedgram, manufacturing, trading, cold storage & farming. Mr. Madan Jain and Mr. Pradeep Jain from family joined the Lohia Jain group and involved in Real Estate Development & Construction activity. The late Shri Hastimalji Jain founded a co operative bank � the Merchants Co operative Bank Ltd. It was the only ISO 9001-2000 Co operative bank in Maharashtra to have enjoyed the status and won several state level awards. Among other things the trust also ran a public school and a cultural centre. Today the sons Shri Shantilalji and Shri Kantilalji carry on the rich cultural heritage.