Late Shri Lakhmi Chand Jain belonged to an old trading family of Amritsar carrying on cloth and yarn business there for over a century. Alongwith his four sons S/Shri Amrit Lai, Sudershan Kumar, Sushil Kumar and Jitender Kumar he developed the business in various lines at Amritsar, Bombay and Delhi. He mainly resided at Bombay looking after the big business of yarn, woo! and cloth.
The business at Delhi is mainly confined to manufacture and wholesale trade in sewing and embroidery thread through their firms M/s. V.L. Amrit Lai, M/s. V.L. Industries and M/s. V.L. Thread Mill. Of charitable and religious disposition, Shri Jain possessed respectable position in Punjab Jain Samaj of Bombay.