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Zudio is a part of Trent Limited and the Trent limited company was originally incorporated as Lakme Limited on December 5, 1992. Lakme was in the business of manufacturing, sales and export of cosmetics, toiletries and perfumery products. In 1998, Lakme decided to divest from its cosmetics business and decided to pursues the field of apparel retailing, given the absence of established brands in most categories. It was decided that Lakme would establish a strong presence in the apparel and soft goods retailing market by opening a chain of departmental stores across the country.

Towards this end, In march 1998, Lakme acquired Littlewoods International Private Limited from Littlewoods International Limited, U.K. was in the business of retailing of readymade garments and related merchandise. In parallel, with effect from January 1, 1998, Lakme Exports Limited, A subsidiary of Lakme, was a amalgamated with LIIPL and the merged entity was named as Trent Limited. Subsequently, with effect from July 1 1998, Trent Limited was amalgamated with Lakme, and the name of Lakme Limited was changed to Trent Limited.