Madhusudan Securities Limited, originally known as Madhusudan Investments Ltd, was founded in 1982 and transitioned to its current name in 1995. The company was initially engaged in the garments and fabrics sector.

In 2011, the company shifted focus towards readymade garments following the acquisition of the Weekender business from Primus Retail Private Limited.

The company's management witnessed a significant change in 2015 when Mr. Salim P. Govani and his associates acquired the majority shareholding and management control.

Recently, in the fiscal year 2022-23, Madhusudan Securities Limited has engaged in investment activities, realizing capital gains from the sale of investments.