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Andrew Yule and Company

Andrew Yule and Company Ltd.
Government-owned corporation
Founded 1863
Headquarters Kolkata, India
Key people
K. Datta, Chairman & MD
Owner 97.5% by the Government of India
Parent Yule Group
Divisions Engineering, Electrical, Tea
Subsidiaries Hooghly Printing
Website .com.andrewyulewww

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.

Contents

  • History 1
  • Company organization 2
    • Engineering Division 2.1
    • Electrical Division 2.2
    • Tea Division 2.3
    • Business Development Group 2.4
    • Tide Water Oil Co. (India) Ltd. 2.5
  • Associated companies 3
    • Descon Ltd. 3.1
    • Webfil Ltd. 3.2
    • Yule Financing & Leasing Co. 3.3
  • Subsidiary companies 4
    • Hooghly Printing Co. Ltd. 4.1
  • See also 5
  • References 6
  • External links 7

History

The business was originally founded 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

  1. ^
  2. ^

External links

  • The Yule Group
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