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Balmer Lawrie

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Balmer Lawrie
Company type Public Sector Undertaking
BSE: 523319
NSE: BALMLAWRIE
Founded(1867; 157 years ago (1867)) in Calcutta, British India
Headquarters
Kolkata
,
India
OwnerGovernment of India
ParentMinistry of Petroleum and Natural Gas, Government of India
Websitewww.balmerlawrie.com Edit this at Wikidata

Balmer Lawrie & Co. Ltd. (BL) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was a partnership firm founded on 1 February 1867 in Calcutta, British India by two Scotsmen: George Stephen Balmer and Alexander Lawrie. Today Balmer Lawrie is a government sector enterprise with a turnover of ₹1612 crores and a profit of ₹232 crores as of 31 March 2020.[1][non-primary source needed][2][non-primary source needed] 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][non-primary source needed] During FY 2020–21, the PSE earned a revenue of ₹1,528 crore (US$180 million).[5]

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]

Balmer Lawrie has grown enormously in the last 155 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.[citation needed]

References

  1. ^ "Welcome to Balmer Lawrie Driven by Diversity Lead by Change". balmerlawrie.com. Retrieved 31 January 2017.
  2. ^ "Financial Results of Balmer Lawrie". balmerlawrie.com. Retrieved 31 January 2017.
  3. ^ "Balmer Lawrie & Company Chairman Speech | Balmer Lawrie & Company Ltd Chairman Speech". The Economic Times. Retrieved 31 January 2017.
  4. ^ "Milestones of Balmer Lawrie". balmerlawrie.com. Archived from the original on 25 November 2016. Retrieved 31 January 2017.
  5. ^ "Balmer Lawrie and Company Ltd". Moneycontrol. Retrieved 13 February 2022.
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