Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw Board Mills Limited, with 'Three Aces' and 'Wisdom' being its first two brands. In 1969, Shree Gopal Paper Mills Limited in Yamunanagar was merged with the company. In 1975, the organisation was renamed Ballarpur Industries Limited.In the 1990s the company was under siege from Southeast Asian companies, who set up greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002.
