TBL Industrial & Engineering Exports Pvt Ltd started off as Jainex Industrial as a 50-50 partnership between the Jainex group and LMG Group registered in Mumbai with operational headquarters in Kolkata. The major thrust was exports and imports. TBL was primary focused on hydraulic applications which led to its first tie up with Parker Hannifin, the world leader in Hydraulics, Pneumatics, Filtration products and Seals. The first order was received in March 2002 for export to Bangladesh.