Andrew Yule and Company
 | |
| Government-owned corporation | |
| Founded | 1863 |
| Headquarters | Kolkata, India |
Key people | Shri Sunil Munshi [(Chairman and Managing Director)] |
| Owner | Government of India |
| Parent | Yule Group |
| Divisions | Engineering, Electrical, Tea |
| Subsidiaries | Hooghly Printing |
| Website |
www |
Andrew Yule & Co. Ltd. is an Indian manufacturing and industrial conglomerate, primarily owned by the Indian Government. It is the main company owned by the Yule Group. 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 company's subsidiaries are related to heavy industry and engineering.
History
The business was founded by Andrew Yule in 1863 and incorporated as a private company in 1919. During British Raj the company was a large conglomerate. The company had varied and diversified business interests ranging from jute, cotton, coal, tea, engineering, electrical, power, chemicals, insurance, railways, shipping, paper, printing apart from maintaining a zamindari and managing house of several companies in India. The company was managed by Andrew Yule and his brother George Yule and later by David Yule. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar.[1][2] 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%).
Company organization
Yule & co. is a public sector company under the Ministry of Heavy Industries and Public Enterprises.
Engineering Division
The engineering division is located in Kalyani, West Bengal, and produces industrial fans and blowers, air pollution control equipment, water treatment plants, tea processing machinery, and engineering turnkey contracts.
Electrical Division
The electrical division produces power and distribution transformers, high voltage switching gear, low voltage control gear, flame proof switch gear, voltage regulators and rectifiers, plant communication, 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
This division produces bulk tea. It has 5 locations in West Bengal: Mim Tea Estate at Darjeeling, Karbala, Banarhat, Choonabhutti and New Dooars Tea Estates at Dooars. Another 10 locations are in Assam: Khowang, Bhamun, Hingrijan, Basmatia, Desam, Tinkong, Rajgarh, Hoolungoorie, Murphulani and Bogijan Tea Estates.
Business Development Group
The business development group produces CAD & GIS applications, digitization, archiving, vectorization, and scanning of drawings, among other services.
Tide Water Oil Co. (India) Ltd.
This division produces automotive& industrial lubricants and greases under the Veedol brand.
Associated companies
Descon Ltd.
Descon provided consultant services in the power and energy sector, engineering drawing, GIS, 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, fibre optic communication systems, 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 company 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
References
- ↑ "Andrew Yule and Company Ltd.". Times of India. 2014. Retrieved 2 August 2014.
- ↑ Mallick, Jayanta (19 September 2013). "Merchant sahibs of Calcutta". The Hindu Business Line. Retrieved 2 August 2014.