Shantai Industries Limited, formerly known as Wheel and Axle Textiles Limited was incorporated on April 09, 1985, which subsequently changed  to the present name 'Shantai Industries Limited' on May 5, 2016. The Company had one industrial unit -Textile Mills till 1985. The management of the Company was taken over by Sawlani Groups who presently are the Executive Directors of the Company. The ownership of the Company was also taken over and the new promoters held about 75% of share capital of the Company. The acquisition was done through the SEBI Takeover Regulations and the Offer for Sale got completed during FY2016.

This Company was taken over by Sawlani Group in year 2015. Since then, it has progressed in widely diverse fields. At present, the Company is engaged in the business of trading of textile item and also has a remarkable presence in the Exports of Synthetics Textiles Items & Finished Garments industries.