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It was founded in 1967 and published by India Book House. I remember, I always wanted to work there as a child. It was created by Anant Pai who was from Mumbai. He was shocked to watch a quiz show in Doordarshan and see that children did not have any grasp of Indian mythology but knew the Greek mythology better. That probably initiated this wonderful comic book series which focused on mythology, history, and other stories that reflect Indian culture. I am not sure if our childhood would have been as good as it was because of this beautiful series. Even though I have read almost all of the whole series (in either of the language), the most favorite was always 'Abhimanyu'. I still remember that beautiful cover and the story of that hero who died a heroic death.
This publishing house also brought out the anthology collection called 'Tinkle' which is yet another favorite of children and adult alike.
Note: Will add more research on this soon.