Balmer Lawrie
Encyclopedia
Balmer Lawrie & Co. Ltd is a Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...

 Enterprise which manufactures barrels and drum
Drum
The drum is a member of the percussion group of musical instruments, which is technically classified as the membranophones. Drums consist of at least one membrane, called a drumhead or drum skin, that is stretched over a shell and struck, either directly with the player's hands, or with a...

s, greases and lubricant
Lubricant
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles and of distributing heat...

s, performance chemicals, functional additives and marine freight containers.It also undertakes tea exports and trading, travel, tours, and cargo and engineering services such as turnkey projects, energy-audit and consultancy and freight-container repairs.

Balmer Lawrie started its corporate journey as a Partnership Firm on 1st February 1867 at Kolkata
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...

, founded by two Scotmen - George Stephen Balmer and Alexander Lawrie.

From Tea to Shipping, Insurance to Banking, Trading to Manufacturing - there was hardly any business Balmer Lawrie did not delve into in its early years.

Today, Balmer Lawrie has emerged as a multi-activity, multi-technology, multi-location conglomerate with global footprints - along with its Joint Ventures, encompassing diverse interests in Manufacturing Sector via Industrial Packaging, Greases & Lubricants, Performance Chemicals, and also Services sector via Tea Blending & Packaging, Tours & Travel, Logistics Infrastructure & Services and Engineering & Projects.

Corporate History

Balmer Lawrie became a private limited company in 1924 and a public limited company in 1936. In 1972, Balmer Lawrie became a Government Company consequent to the nationalisation of IBP Co. Ltd of which it was a subsidiary Company
  • 1924 Private Limited Company
  • 1936 Public Limited Company
  • 1972 Government Company
  • 1987 Schedule B PSE
  • 2003 Mini Ratna II PSE
  • 2006 Mini Ratna I PSE


In 2001 IBP Co. Limited, transferred their holding of 61.8% in Balmer Lawrie & Co. Ltd. to

Balmer Lawrie Investments Limited.

The Present Shareholding pattern of the Company

Pie Chart of shareholding as on 31 July 2009

The equity shares of Balmer Lawrie are listed with Mumbai and National Stock Exchanges.

Management

The company is managed under the overall guidance of the Ministry of Petroleum & Natural gas by a Board of Directors comprising experienced and distinguished professionals.
  • Shri S.K. Mukherjee, Managing Director
  • Shri Viren Sinha, Director (Service Businesses)
  • Shri V.N. Sharma, Director (Manufacturing Businesses)
  • Shri K Subramanyan, Director Finance
  • Shri Maninder Singh, Nominee of the Government of India
  • Shri VLVSS Subba Rao -Nominee of Government of India
  • Shri A K Bhattacharyya - Independent Director
  • Shri K C Murarka - Independent Director
  • Shri A Seth - Independent Director
  • Ms. A Chaturvedi - Independent Director
  • Shri P K Bora - Independent Director
  • Shri M P Bezbaruah - Independent Director


It is the largest manufacturer of steel barrels in India. The company is Headquartered in Kolkata
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...

, and has offices throughout India and in Bedford
Bedford
Bedford is the county town of Bedfordshire, in the East of England. It is a large town and the administrative centre for the wider Borough of Bedford. According to the former Bedfordshire County Council's estimates, the town had a population of 79,190 in mid 2005, with 19,720 in the adjacent town...

 in the UK.

Listings

Balmer Lawrie is listed on the following indexes -
  • NSE
    National Stock Exchange of India
    The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...

  • BSE
    Bombay Stock Exchange
    The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...

  • Kolkata
    Kolkata
    Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...

  • Chennai
  • Ahmedabad

History

Established in 1867 in Calcutta by two Scotsmen, George Stephen Balmer and Alexander Lawrie.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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