Andrew Yule and Company

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Andrew Yule and Company Ltd.
BSE: 526173
NSE: ANDREWYULE
Founded1863
FounderAndrew Yule
Headquarters
Kolkata
,
India
Key people
Shri Sanjoy Bhattacharya
(Chairman & Managing Director)
₹27 crore (US$3.4 million) (2016–17)[1]
OwnerMinistry of Heavy Industries, Government of India
DivisionsEngineering, Electrical, Tea
SubsidiariesHooghly Printing
Websiteandrewyule.com

Andrew Yule & Co. Ltd. is an Indian

central public sector undertaking under the ownership of the Ministry of Heavy Industries, Government of India.[2] It is currently headquartered in Kolkata (formerly Calcutta), and has offices in the main Indian cities. The majority of the products and services offered by the cpsu's subsidiaries are related to heavy industry and engineering.[3]

History

The business was founded by

David Yule. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar.[4][5] The company was turned into a public company
in 1948, after India's independence from the British Empire. It became a central public sector enterprise (CPSE) (schedule B company) in 1979, after the Indian government completed a series of equity share acquisitions (49% in 1974 and 2% in 1979). As of 2011, the shareholders are the Indian government (97.46%), Financial Institutions (0.33%), and the remainder publicly traded (2.21%).

Ownership

Andrew Yule & Co. is a

central public sector undertaking under the ownership of Ministry of Heavy Industries
.

Engineering division

The engineering division is located in Kalyani, West Bengal, and produces industrial fans and blowers, air pollution control equipment, water treatment plants, heavy machinery, and engineering turnkey contracts.

Electrical division

The electrical division produces power and

fire alarm and detection systems. The switchgear and electrical systems group is located in Kolkata, while the transformer & switchgear unit is located in Chennai
.

Tea division

The tea division comprises fifteen tea estates, listed below.[6] Five of these are in West Bengal and ten in Assam.

  • Mim Tea Estate in Darjeeling, West Bengal
  • Four tea estates clustered together near Banarhat town in the Dooars region of Northern West Bengal
    • Karbala Tea Estate
    • Banarhat Tea Estate
    • Choonabhutti Tea Estate and
    • New Dooars Tea Estate
  • Ten tea estates in Assam:
    • Khowang,
    • Bhamun,
    • Hingrijan,
    • Basmatia,
    • Desam,
    • Tinkong,
    • Rajgarh,
    • Hoolungoorie,
    • Murphulani and
    • Bogijan

Business development group

The business development group produces CAD & GIS applications, digitization, archiving, vectorization, and scanning of drawings, among other services.

Subsidiaries

Tide Water Oil Co. (India) Ltd.

This division produces lubricants and greases under the Veedol brand. The cpsu currently owns 26.23% of Tide Water Oil Co. Ltd.[7]

Descon Ltd.

Descon provided

management consultancy, and software development. It was started its operation in the mid of 90's. Initially it was the stakeholder of DPSC or India Power. But after DPSC was taken over by SREI Group, Descon tied up with JSW Group
. On 30 June 2014 Descon closed down its major operations as company was suffering from huge loss for last three years.

Webfil Ltd.

Webfil is a telecommunications provider, offering a digital micro radio telecommunication network,

multiplexers and message switching
systems, and telecommunication network services. Additionally it manufactures filaments for GLS lamps, and cathodes for fluorescent Lamps.

Yule Financing & Leasing Co.

This cpsu provides

loan syndication, capital restructuring, financial re-engineering, management of insurance
for medium-sized capital business units, and corporate advisory services.

Subsidiary companies

Hooghly Printing Co. Ltd.

This subsidiary provides multi-colour offset printing. It has regional offices in New Delhi, Mumbai and Chennai

See also

  • David Yule

References

  1. ^ Singh, Mahendra K. (26 May 2018). "Government looking at stake sales in 11 more public sector companies". The Economic Times. Retrieved 26 May 2018.
  2. ^ Editorial, Reuters. "Company Profile for ${Instrument_CompanyName}". IN. Retrieved 23 January 2020. {{cite web}}: |first= has generic name (help)
  3. ^ "Andrew Yule & Company Directors Report | Andrew Yule & Company Director Details". economictimes.indiatimes.com. The Economic Times. Retrieved 23 January 2020.
  4. Times of India
    . 2014. Retrieved 2 August 2014.
  5. The Hindu Business Line
    . Retrieved 2 August 2014.
  6. ^ "Andrew Yule Tea".
  7. ^ "Shareholding Pattern". www.bseindia.com. Retrieved 4 January 2020.

External links

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