The Trust was established in Amritsar in February 1928 by Sh.Hans Raj Kapoor, Sh.Gian Chand Kapoor Sh. Rooplal Kapoor and Late Pyarelal Kapoor in the memory of their father Lt.Lala Ram Lal Kapoor. Shri Brahma-Datta Jijnasu Ji was instrumental in its formation. Mahatma Hansraj Ji was an avid promoter and the first president of the trust followed by Pundit Bhagavad Datta, Pundit Ram Gopal Shastri and Pundit Yudishthira Mimansaka. The current President of the Trust is Swami Vidyanand Ji Saraswati. Dr. Vijay Pal Ji is the Acharya of the Panini Maha Vidlaya (a University for Sanskrit Studies) run by the Trust.

At the time of establishment of the trust, the trust was headed by Late Mahatma Hansraj. Under the guidance of late Mahatma Hansraj the promoter and the Chairman of the trust they started the work of this trust. From 1928 to 1947 the trust grew and worked towards its objectives in Shahdara village, on banks of Ravi river, Lahore.Due to partition of the country, the trust shifted its premises to Varanasi (Banaras in UP,-India). By this time Mahatma Hansraj had passed away and the trust worked under the guidance of Pundit Brahamdatt Ghigyazu. Finally in the year 1964, the trust established its office in Bahalgarh, Sonipat. At the time of establishment of the trust, the trust was headed by Late Mahatma Hansraj.

Mahatma Hansraj ji was one of the most respected names in Arya Samaj. Most learned scholar, he was one of the founders of the popular DAV movement and DAV schools. After the demise of Mahatma Hansraj, the trust was headed by Late Pundit Bhramdatt Ghigyazu.

Late Pundit Bhramdatt Ghigyazu ji was again a very respected name in Arya Samaj. An eminent scholar, he was twice honored by the President of India for exceptional work in the field of promotion of Sanskrit language and Vedic literature. Pandit Bhagvatdutt ji Pandit Bhagvatdutt Ji took over the work of the trust after the demise of Late Pundit Bhramdatt Ghigyazuji. A research scholar, he too was very well respected. Vaidya Ram Gopalji Shastri took over the work of the trust after the demise of Late Pandit Bhagvatdutt Ji. Vaidya Ram Gopalji Shastri was one of the most prominent names in the field of Indian way of medication popularly known as 'AYURVEDA'. He was also a renowned Vedic Scholar.

The Kapoor family is known followers of Baba Lalua Jasrai whose main shrine was on a small hill in Dibalpur (now Pakistan). After the Partition two shrines were dedicated to Baba Lalua -- one at Amritsar and the other in Delhi. The "Choti" ceremony of the Kapoor boys is performed at these sacred grounds. It can thus be presumed that our ancestors lived near Dibalpur before migrating to Lahore and thereafter, to Amritsar in the 19th century.

Kucha-Pir-Sabz Lahore (now Pakistan) was the haunt of the Kapoor’s for many decades headed by Lala Dhondo Rai followed by Lala Ratansukh Rai - Lala Hakikat Rai - Lala Chaga Mal – Lala Dargaya Mal - Lala Ram Lal - Lala Vasakha Ram - Lala Achraj Mal & the Lala Bylow Mal shifted to Amritsar in 19th Century with his son Veerumal and setup home at Bombay wala Khu - Katra Bhag Singh - this house is still with Shri Rama Nand Kapoor branch of the family.

Balmukand the eldest of Virumal sons cleared his exam in 1884 from Church Mission School. He joined Ralisons as sub agent, then served with Bawa Charan Singh a leading advocate. In 1885 he started a soap manufacturing unit and in 1895, set up a shop in guru Bazar to sell Paper, the Trade to which the Kapoor family took to in a big way in years to come.

Balmukand ji attended Swami Daya Nand’s historic speech at Jamadar Di Haveli, Amritsar, which impressed him a lot. Later in cooperation with Swami Sita Ram ji he started a Sanskrit Pathshala in 1895, to enable people to be aware of their own Culture. Swami Sita Ram ji later became an Arya Samaji & had a deep impact on the Kapoor Family.

Balmukand ji was married at an early age and had no male issues. In 1890 he adopted his youngest brother Bansi Dhar (D.O.B.29-7-1886). As providence would have it, Balmukand ji was blessed with a son on 12th April 1909 named Parmanand. Balmukand ji left for his heavenly abode on 14th February 1911.