Grandfather's towel

I noticed this morning that the green bath towel I am using has a label that reads: BOMBAY DYEING & MFG CO LTD, BOMBAY. It is perhaps a little thin, but dries well and has the initials EFM embroidered on it.  I deduce that this must have come from Sri Lanka and once belonged to my Grandfather Ceylon, who died in 1972 or thereabouts.  Quality, or what.