Corporate Journey – Early Years
|
1867 |
Partnership firm established on 1st. Feb.1867 Agent for Tea trading, shipping & forwarding S.G.Balmer passes away India Tea Co. set up to blend & export tea |
|
1872 |
Banking operations started Appointed managing agents for Jokai Tea |
|
1873 |
Anglo Indian Carrying Co. set up for shipping & forwarding Insurance Agency started |
|
1882 |
Appointed managing agents for Crystal Ice Supply, Kolkata |
|
1888 |
Commences food exports to West Indies |
|
1889 |
Annual Bonus paid to employees |
|
1890 |
Appointed managing agents for Bengal Paper Mills First use of typewriters |
|
1891 |
Appointed managing agents for New Beerbhoom Coal |
|
1894 |
Electric power in Office at 103 Clive Street |
Corporate Journey – Maturing Years
|
1908 |
Alex Lawrie passes away Bombay branch opened |
|
1909 |
New 4 storied Office constructed ( Present HO) |
|
1917 |
First motor car acquired |
|
1919 |
Appointed managing agents for Aurther Butler & Co. First audit of accounts by Price Waterhouse |
|
1920 |
Biecco and Bridge & Roof promoted Appointed managing agents for Indian Galvanising Co. |
|
1924 |
Became a Pvt. Ltd. Co. on 1st. January, share capital of 40 L |
|
1932 |
Delhi branch opened |
|
1936 |
Became a Public Ltd. Co. on 6th. January |
Corporate Journey – Growth Years
|
1937 |
Grease production commences in Pilkhana, Howrah |
|
1944 |
Grease production commences in Sewree, Bombay Barrel production commences at Indian Galvanizing Provident Fund introduced for staff |
|
1946 |
Employee Trade Union formed |
|
1947 |
Branch Offices opened in Karachi & Chittagong |
|
1949 |
Balmer Lawrie & Co (Pakistan) Ltd. Formed |
|
1951 |
Tribeni Tissue commissioned with BL as managing agent |
|
1952 |
Branch Office started at Madras, later discontinued |
|
1956 |
25% of BL divested by Alex Lawrie & Co. in favor of Indo-Burma Petroleum |
|
1958 |
Insurance agency (Sun Insurance) terminated |
|
1963 |
Banking operations discontinued |
|
1968 |
Duncan Brothers take over management control |
|
1969 |
Managing Agency system abolished, BL looses managing rights in respect of more than 40 tea gardens |
Corporate Journey – Uncertain Years
|
1972 |
Indo Burma Petroleum Co. acquires control by taking over all shares from Alex Lawrie & Duncan Brothers. BL becomes a subsidiary of Indo Burma Petroleum |
Corporate Journey – Public Sector Era
|
1987 |
Schedule B PSE |
|
2001 |
IBP Co. Limited, transferred their holding of 61.8% in Balmer Lawrie & Co. Ltd. To Balmer Lawrie Investments Limited. The equity shares of Balmer Lawrie are listed with Mumbai and National Stock Exchanges. |
|
2003 |
Mini Ratna II PSE |
|
2006 |
Mini Ratna I PSE |
Last updated on : 07/11/2017
