The development of the textile industry in the Kingdom of Serbs, Croats and Slovenes in the 1920s was primarily marked by the opening of numerous factories. They were opened with the participation of domestic and foreign capital and their number increased from 25 in 1919 to 290 in 1929. The "Šumadija" ad factory was founded in 1928 and was the successor of the Albala Knitwear Factory. It was created by the combined investment of domestic, mostly Jewish and foreign capital. The factory operated from 1928 to 1944, when it was completely taken over by the "Posavina" factory. The majority owners of the Factory were the Albala brothers and the Gadol brothers. The paper presents data on the establishment and operation of the Factory from 1928 to 1944, its ownership structure and management bodies, based mostly on archival material.