The foundations of the Rathi Group were laid by the Late Shiv Ratan Rathi in a relatively obscure town of Shrinagar, Rajasthan, and he was involved in the Silver Coins Manufacturing Business. He then moved to Kota in 1975 in search of new business prospects. The Group then, while expanding the Silver Business, set up a Welding Electrode Industry in 1990. The Group also opened a CBSE-affiliated school, S. R. Public Sr. Sec. School in 2011 and an apartment complex, Hare Krishna Residency, in 2015.