The roots of Textile business in Indore takes his birth from the time when the historic 11 mills were up and running which now silently expresses their grief of a lost existence. The first Mill, by name of State Mill, was formed in 1866, almost 150 years back. Few trails of the then market dominants could still be seen at MG Road, Malwa Mill, Kapda Market, etc.

“This area, of cloth market was basically the land where Holkars used to tie their Horses and Elephants, say almost a century back”

“In the mid 90s, our Great Holkars used to decide the rate of Cotton, which would then be followed throughout the Nation…” this statement shared by one of city historians.

The history of our current MT Cloth Market Indore goes back to 1906 under the reign of Holkars. Prior to running in the present area, it used to run in Bajajkhana chowk. However, following a massive fire in the same year, the need to develop a new cloth market was felt and with this, the first model of cloth market was accepted on 30th April 1922 by the Great Maharaja Tukojirao Holkar, hence, the name MT Cloth Market. Also, Seth Hukumchandji is said to provide his valuable support in developing this market.

It is however now depressing to note that once the mills who ruled the nation, now lays disillusioned and soulless. With time, the backbone of mills got so brutally crushed, that they lost its virtue & the property is not even getting any takers in today’s time. Be it Rajkumar Mill, Hukumchand Mill, Swadeshi Mill, they all stand like a rooted widow, while the whole market gets dressed in bridal looms for circulation. That timeless structure Hukumchand Mill is now ready for sales at Rs.420 crore, but looking at the condition, no investor seems ready to buy it.