Founded in 1911, VST & Sons is the parent company of the entire VST Group. Initially involved in distributing petroleum products, chiefly kerosene in the Bangalore Cantonment area, the company eventually operated a chain of petrol pumps in and around Bangalore.
Along the way, the company diversified into other businesses for periods of time; these included Lakshmi Mills, started in 1940s for the production of groundnut oil and groundnut cake. A change in excise rates saw this business being rolled back and Tyresoles, a tyre retreading business was subsequently housed at the same location. Other business ventures continued to grow and developed into the seven sectors that now form the VST Group.