The rapid development of Karaburma during the Interbellum is connected with the development of the textile industry and the business enterprises of the Ilić family, especially Vlada Ilić was an industrialist and mayor of Belgrade from 1935 to 1939. In 1897, German entrepreneurs Eugen Michael and Carl Wolf founded a cloth factory in Karaburma, near the modern "Velje Miljkovića" Street. Kosta Ilić, father of Vlada, purchased the factory in 1906, in partnership with his sons. In 1910 the company was transformed into the joint-stock company with the capital of 3,000,000 dinars in gold. Prior to World War I, the Ilić brothers acquired the latest English technology for the cloth production as they bought the "Crompton Ltd", a Belgrade branch of the "Ungarische Tehtilindustrie". "Crompton Ltd", a successor of "Hattersley & Crompton", had looms made by the latest Hattersley technology, which boosted the production. After his brother Sotir died in 1935, Vlada took over as a sole head of the conglomerate. Company was boosted when the new contract was signed with the Yugoslav Army in 1939.