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Balmer Lawrie

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Balmer Lawrie
Company typePublic Sector Undertaking
BSE: 523319
NSE: BALMLAWRIE
Industry
  • Steel
  • Lubricants
  • Travel
  • Logistics
Founded(1867; 157 years ago (1867)) in Calcutta, British India
FounderStephen George Balmer
Alexander Lawrie
Headquarters
Kolkata
,
India
Key people
Adika Ratna Sekhar (Chairman & Managing Director)
OwnerGovernment of India
ParentMinistry of Petroleum and Natural Gas, Government of India
SubsidiariesVisakhapatnam Port Logistics Park Limited
Websitewww.balmerlawrie.com Edit this at Wikidata

Balmer Lawrie & Co. Ltd. (BL) is an Indian central public sector undertaking and a conglomerate under the Ministry of Petroleum and Natural Gas, Government of India. It is classified as a category-I Miniratna company. Originally founded in 1867 by George Stephen Balmer and Alexander Lawrie in Calcutta, British India, the conglomerate has eight strategic business units, four joint ventures in India and abroad, and a subsidiary in India.

History

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Balmer Lawrie was founded as a partnership firm on 1 February 1867 in Calcutta, British India, by two Scotsmen: George Stephen Balmer and Alexander Lawrie.[1][2][3] 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.[4][5][non-primary source needed] BL is classified as a category-I Miniratna company.[6]

Joint ventures and subsidiary

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Balmer Lawrie has joint ventures in both Indian and abroad and a subsidiary in India.

Joint Ventures in India

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  • Balmer Lawrie - Van Leer Ltd.
  • AVI-OIL India Pvt. Ltd.

Joint Ventures abroad

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  • PT. Balmer Lawrie Indonesia
  • Balmer Lawrie (UAE) LLC

Subsidiary

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  • Visakhapatnam Port Logistics Park Limited

Service

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It has eight strategic business units: Industrial Packaging, Greases & Lubricants, Chemicals, Travel & Vacations, Logistics Infrastructure, Logistics Services, Cold Chain and Refinery & Oil Field Services, with offices spread across the country and abroad.[citation needed] BL is present in eight businesses: Travel and Vacations, Industrial Packaging, Greases and Lubricants, Leather Chemicals, Logistics, Logistics Infrastructure, Logistics Services, and Refinery and Oil Field.[1]

Recent developments

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Today, Balmer Lawrie is a government sector enterprise with a turnover of ₹1,612 crores and a profit of ₹232 crores as of 31 March 2020. During FY 2020–21, the PSE earned a revenue of ₹1,528 crore (US$180 million).[7]

References

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  1. ^ a b Bhaskar, Utpal (12 January 2021). "Balmer Lawrie's eight units may be sold off separately". Mint. Archived from the original on 16 January 2021. Retrieved 14 October 2023.
  2. ^ "Welcome to Balmer Lawrie Driven by Diversity Lead by Change". balmerlawrie.com. Archived from the original on 20 January 2017. Retrieved 31 January 2017.
  3. ^ "Financial Results of Balmer Lawrie". balmerlawrie.com. Archived from the original on 18 January 2017. Retrieved 31 January 2017.
  4. ^ "Balmer Lawrie & Company Chairman Speech | Balmer Lawrie & Company Ltd Chairman Speech". The Economic Times. Archived from the original on 6 February 2017. Retrieved 31 January 2017.
  5. ^ "Milestones of Balmer Lawrie". balmerlawrie.com. Archived from the original on 25 November 2016. Retrieved 31 January 2017.
  6. ^ "70 companies with pre-1947 roots". Mint. 17 August 2017. Archived from the original on 4 June 2023. Retrieved 14 October 2023.
  7. ^ "Balmer Lawrie and Company Ltd". Moneycontrol. Archived from the original on 14 December 2021. Retrieved 13 February 2022.
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