Valia Group was established in 1905 at Lathi & Bhavnagar (Gujarat) along with other family members and were market leaders in cotton and oilseeds. They also started manufacturing bicycle chains in 1955 in collaboration with a Czechoslovakian firm under the brand name of “VELO”, which was the first Indian bicycle chain manufacturing company with a foreign collaboration. 

M/s United Brothers, a part of Valia Group of Companies, a partnership company established in 1955 in Kolkata. The company was engaged in the business of cycles, cycle parts, non-ferrous metals and scrap, chemicals and polymers. It's sister concern, M/s Indian Base Metals Company Pvt. Ltd. was engaged in refining non-ferrous metal scraps in Kolkata. Another sister concern, M/s Tarajyot Pvt. Ltd. was the consignment stockist of IPCL for their polymer products since the inception of IPCL's polymer business in 1979.

M/s United Brothers converted to M/s United Brothers Multiplast LLP presently is the consignment stockist of M/s GAIL India Ltd. for their polymer products namely High Density Polyethylene (HDPE) and Linear Low Density Polyethylene (LLDPE) produced by them at their Pata plant in Uttar Pradesh since its inception in 1991 for Maharashtra, Daman and Silvassa. They are also consignment stockiest for Brahmaputra Cracker and Polymer Limited for their polymer Products namely HDPE and LLDPE produced by them at their plant Lepetkata in Assam for Maharastra, Daman and Silvassa.