Seshasayee Paper and Boards (SPB)  Ltd was established in 1960 under the leadership of  Sri.S.Viswanathan, a freedom fighter turned  Industrialist, on the banks of river Cauvery in Pallipalayam, Erode.  The company had a technical collaboration with Parsons & Whittmore of the U.S.A,. The State Government encouraged the company by participating in its equity through Tamil Nadu Industrial Investment Corporation Limited (TIIC) , then known as Madras Industrial Investment Corporation.  The Government’s share of Rs. 1.00 crore amounted to nearly 28.5% of the total share capital.   SPB commenced operation with  the licensed  capacity of  20,000 tonnes in the year.

Today SPB has grown in strength to its current installed capacity of 1,15,000 tonnes.  It operates an integrated pulp, paper and paper board Mill and produces a wide range of products such as printing and writing papers, packing and wrapping papers and specialty papers. SPB's exports nearly 15% of its production and it is a significant exporter in the Indian Paper Industry. Due to its excellent export performance, SPB has been awarded 'Golden Export House' status.

SPB is the flagship company of the ‘SPB-ESVIN GROUP’, consisting of   Ponni Sugars Limited, a leading sugar mill, High Energy Batteries (India) Limited,  Esvin Advanced Technologies Ltd (bio-technology), and  SPB-PC Limited ( consultancy).

Role of TIIC:

TIIC has been one of the valued and continued stakeholders of Seshasayee Paper and Boards Limited, since birth of this Paper Mill.  Through its Nominee Director, TIIC has been providing valuable advice to the Board.