Balmer Lawrie

Balmer Lawrie
Founded Calcutta, British India (1867 (1867))
Headquarters Kolkata, India
Owner Government of India
Website balmerlawrie.com

Founded by two Scotsmen, George Stephen Balmer and Alexander Lawrie, in 1867 in Kolkata, India, Balmer Lawrie & Co. Ltd. (BL) started as a Partnership Firm on 1 February 1867. Today Balmer Lawrie is a Mini-Ratna I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Government of India, with a turnover of ₹2895 crores and a profit of ₹234 crores as of March 31, 2016.[1][2] It became a Private limited company in 1924 with a Paid up share capital of ₹40 lakhs, a Public limited company in 1936 and then a Government of India Enterprise in 1972.[3][4]

Along with its six joint ventures in India and abroad, today it is a conglomerate with a presence in both manufacturing and service sectors. BL products include steel barrels, industrial greases, specialty lubricants, corporate travel and logistics services. It has a presence in performance chemicals and logistics infrastructure.

It is the largest manufacturer of steel barrels in India.[3] The company is headquartered in Kolkata, and has offices throughout India and in Bedford in the UK.

Listings

Balmer Lawrie is listed on the following indexes:

Code

  • BSE code: 523319
  • NSE code: BALMLAWRIE
  • Reuters: BLMR.BO

History

Driven by the spirit of entrepreneurship, two enterprising Scotsmen Stephen George Balmer and Alexander Lawrie sowed the seeds of this company at Kolkata on 1st February, 1867. History goes…a coin was tossed…Balmer won…Balmer’s name preceded in the Firm incorporated and thus was born Balmer Lawrie. There was hardly any business where Balmer Lawrie did not delve into in its formative years, whether it was from Tea to Shipping, Insurance to Banking or Trading to Manufacturing. The company has left a mark of its own at every step of its remarkable corporate journey. Today, Balmer Lawrie is a Mini-Ratna-I Public Sector Enterprise, under the Ministry of Petroleum & Natural Gas of India. It has six Strategic Business Units – Industrial Packaging, Greases & Lubricants, Leather Chemicals, Travel & Vacations, Logistics and Refinery & Oil Field Services, with offices spread across the country and abroad. Balmer Lawrie has grown enormously in the last 151 years and has become the market leader in Steel Barrels, Industrial Greases & Specialty Lubricants, Corporate Travel and Logistics Services. It has very well responded to the demands of an ever changing environment and has taken full advantage of every opportunity to innovate.Balmer Lawrie also grew inorganically through various JVs over the period of time.

References

  1. ↑ "Welcome to Balmer Lawrie Driven by Diversity Lead by Change". www.balmerlawrie.com. Retrieved 2017-01-31.
  2. ↑ "Financial Results of Balmer Lawrie". www.balmerlawrie.com. Retrieved 2017-01-31.
  3. 1 2 "Balmer Lawrie & Company Chairman Speech | Balmer Lawrie & Company Ltd Chairman Speech". economictimes.indiatimes.com. Retrieved 2017-01-31.
  4. ↑ "Milestones of Balmer Lawrie". balmerlawrie.com. Retrieved 2017-01-31.


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