Ballarpur Industries Limited
From Wikipedia, the free encyclopedia
Ballarpur Industries Limited, also known as BILT or B.I.L.T. Is a Thapar group company.
The main flagship company of BILT is its paper divisions, of which the Ballarpur, based mill gives the organisation its name. The current chairman of the company is Gautam Thapar, prior to him his uncle L. M. Thapar was the chairman.
The company is a leader in the Indian paper market. Its other initiative is BILT Tree Tech, which is a backward integration company, that looks into creating high yield saplings of trees that can be used for raw material. it has both captive farms for this as well as tie ups with farmers.
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[edit] Locations
The group used to be headquartered out of the groups own premises Thapar House , in Janpath Lane , Connaught Place, but is now based in Gurgaon due to better returns from Thapar House being rented out. They have factories in the following locations
- Ballarpur or Ballarshah - factory started in 1956
- Yamunanagar or Jagadhri - factory started in 1936
- Kamalapuram
- Gaganpur
- Bhigwan
[edit] History
The company started in 1945 as Ballarpur Paper and Straw Board Mills Limited incorporated. It was started by Lala Karam Chand Thapar .In 1969 Shree Gopal Paper Mills Limited in Yamunanagar merged with the company. In 1975 the organisation got its current name of Ballarpur Industries Limited. In the 1990s the company was under siege from South East Asian companies who set up units in India. But in 2001 the company turned around and was able to buy out a competitor- Sinar Mas Group 's Indian division.
[edit] Business Details
The company has a total capacity of 471000 TPA ( Tonnes Per Annum) of paper production. Its revenues for 2004- 2005 were US$ 440 million and net profit of US$ 30 million.
[edit] The Thapar group
The group was started by Lala Karam Chand Thapar, and after his death in 1963 run by eldest son- LM Thapar. From Independence till the 1980s it was one of the top 10 business houses in India. Ballarpur Industries Limited [1] , Bilt Paper Holdings Limited, Orient Engineering and Commercial Company Limited, The Pioneer Limited, Sohna Stud Farm Pvt Limited, TT & G Trading Pvt Limited, iBilt Technologies Limited, Bilt Middle East Pvt Limited, Himalayan Hideaways Pvt Limited, Karam Chand Thapar & Bros Limited, Lavasa Corporation Limited and KCT Papers Limited are some of the Thapar group companies. Other organisations that have been or are Thapar group companies and concerns in India are , The Pioneer, Thapar house on Janpath lane, Tiger Bay restaurant, Global Green. The Crompton Greaves [2], Greaves Cotton and JCT group is with MM Thapar. His son Samir Thapar runs JCT Mills and JCT Limited and his son Arjun Thapar runs JCT electronics.[3] Bilt Chemicals and Bharat Starch was vested with BM Thapar and hence would be under his sons Gautam and Karan Thapar's control. Gautam has also been named by L.M. Thapar as the successor of his group of companies. IM Thapar's son Vikram Thapar looks after his group which includes the Calcutta based coal trading business K.C Thapar started out with and prawn farms for prawn exports as well as the Tiger Bay restaurant chain. Thapar Institute of Engineering and Tech. is a group project funded by the Thapar's. JCT Mills FC is a Football club of JCT Mills.
[edit] Trivia
The company's first plant is in Ballarpur, however the railway station is named Ballarshah. Their second plant is in Yamunanagar, which has a railway station called Jagadhri. Thus both locations are rare as in the railway station has a different name form the town they serve.
