Lily Shipping and Trading Pvt Ltd was established on the 28th of May 1992. Since its inception as a Multi-operational Trading company, it soon became specialized in the operation of ships owned; being affiliated and completely focused on Shipping. However, the Shipping business was already introduced much earlier than this, when the owners of Lily Shipping & Trading Pvt Ltd as well as Lily Enterprises Pvt Ltd, started their own import, export and trading businesses as early as in the early 1980s and went on to become well established traders by 1984.

Lily Shipping & Trading Pvt Ltd, with it's strong, well-organized management, went on to being rewarded not only with their business success, but also with the State's recognition. The company was awarded the President's National Award in 2004 for it's excellence in providing Shipping Services to the Maldives.