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Established in 1956 to head the record division of Electric & Musical Industries Ltd. (EMI) to which the various label companies reported. E.M.I. Records Limited also handled manufacturing and distribution. In 1965 E.M.I. Records Limited, The Parlophone Co. Ltd. and Columbia Graphophone Company Ltd. were merged into The Gramophone Co. Ltd. (which subsequently took over the role as the principal company behind the record division). Within this period (1965 - 1973) "E.M.I. Records (The Gramophone Co. Ltd.)" often appears on releases (and official company docs) - "E.M.I. Records" being the trading name of The Gramophone Co. Ltd.
From 1965 through to 1973 it existed as a licensing company only. It was fully absorbed into The Gramophone Co. Ltd. in mid-June 1973 before The Gramophone Co. Ltd. was renamed as EMI Records Ltd. on 1 July of that year.