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Apeejay Surrendra Group
The Apeejay Surrendra Group is an Indian business conglomerate that was founded in 1910 in Jalandhar by Lala Pyare Lal. In 1951 the headquarters relocated to Kolkata. Surrendra Paul was chairman from 1982 until his murder in 1989. Most of the current senior executives are members of his family. The companies in the Apeejay Surrendra Group collectively employ 43,000 people. The businesses are tea plantations, fast-moving consumer goods, tea brands, shipping, boutique hotels, commercial real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ..., warehousing, business centres, retail brands, bookstores, tea rooms, marine cluster, logistics parks and knowledge parks. References {{DEFAULTSORT:Apeejay Surrendra Group Companies based in Kolkata Tea companies of India Conglo ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Karan Paul
Karan Paul (born 3 November 1969) is the chairman of the Apeejay Surrendra Group, one of India's oldest and largest privately-owned family businesses. Established in Jalandhar in 1910, the Group has more than 43,000 employees across tea, hospitality, shipping, retail, real estate, and other sectors. Early life Born on November 3, 1969, Karan Paul is the grandson of Shri Pyare Lal, founder of the Group, and son of the late chairman, Surrendra Paul. He was born and brought up in Kolkata and New Delhi. He studied at La Martiniere for Boys, Kolkata and Modern High School, New Delhi. He went to Brown University, United States, for his undergraduate studies in philosophy and literature and majored in politics. Career Paul joined the Apeejay Surrendra Group in 1992. His first businesses were Apeejay Finance, a finance company and Apeejay Securities, a stockbroking company, which he ran for about ten years and sold them off in 2006-07. After working at various levels in the Apeejay Su ...
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Priya Paul
Priya Paul (born 1967) is an Indian businesswoman, the chairperson of Apeejay Surrendra Park Hotels, a subsidiary of the Apeejay Surrendra Group, which operates The Park Hotels chain of hotels. Career She joined the company after finishing her studies at the Wellesley College (US) working under her father, as a marketing manager at The Park New Delhi, at the age of 21. After the death of Surrendra Paul she succeeded him in 1990 as the chairperson of the hospitality division of the Apeejay Surendra Group. Family business Priya Paul belonged to a family of business which was involved in steel trading, manufacturing and production, which was later moved in to the shipping business. Her father Surrendra Paul had later expanded its portfolio into businesses in hospitality, tea, real estate, finance, logistics etc. Currently, the business is run by her brother, sister and herself. Awards *The Federation of Hotels and Restaurants Association of India conferred on her ''Young Entre ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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Kolkata
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the seventh-most populous city in India, with a population of 45  lakh (4.5 million) residents within the city limits, and a population of over 1.41  crore (14.1 million) residents in the Kolkata Metropolitan Area. It is the third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The Port of Kolkata is India's oldest operating port and its sole major riverine port. Kolkata is regarded as the cultural capital of India. Kolkata is the second largest Bengali-speaking city after Dhaka ...
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Typhoo Tea
Typhoo (sometimes stylized as Ty•Phoo) is a brand of tea in the United Kingdom. It was launched in 1903 by John Sumner Jr. of Birmingham, England. History In 1863, William Sumner published ''A Popular Treatise on Tea'' as a by-product of the first trade missions to China from London. In 1870, William and his son John Sumner founded a pharmacy/grocery business in Birmingham. William's grandson, John Sumner Jr. (born in 1856), took over the running of the business in the 1900s. Following comments from his sister on the calming effects of tea fannings, in 1903, John Jr. decided to create a new tea that he could sell in his shop. Sumner set his own criteria for the new brand: * The name had to be distinctive and unlike others. * It had to be a name that would trip off the tongue. * It had to be one that would be protected by registration. The name Typhoo comes from the Mandarin Chinese word for "doctor" (). Typhoo began making tea bags in 1967. In 1978, production was move ...
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The Park Hotels
The Park Hotels is a collection of contemporary luxury five-star boutique hotels in India belonging to the Apeejay Surrendra Group, headquartered in Kolkata, West Bengal, India. These hotels are located in Bangalore, Chennai, Hyderabad, India, Hyderabad, Kolkata, Navi Mumbai, New Delhi, Visakhapatnam and Goa. New properties are under construction in Kochi, Kolkata (E.M. Bypass), Pune, Coimbatore and Jaipur. Among these, The Park Kolkata was awarded the "National Tourism Award" (2003–04) for outstanding performance as the Best Boutique Hotel in the country by the Department of Tourism, Government of India. The Park Bangalore was designed by Terence Conran. The Park Kolkata under the flagship of Park Hotels won The Best Business Hotel award at Travel+ leisure India south Asia's luxury travel event 'India's Best Awards 2018' in New Delhi List of The Park Hotels in India History The hotel business was started by Surrendra Paul in 1967, with the opening of the group's first hot ...
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Jalandhar
Jalandhar is the third most-populous city in the Indian state of Punjab and the largest city in Doaba region. Jalandhar lies alongside the Grand Trunk Road and is a well-connected rail and road junction. Jalandhar is northwest of the state capital Chandigarh, south-east of Amritsar and north of Ludhiana. Jalandhar is about 381 km (230 miles) from national capital Delhi. The famous road NH1 crosses from Jalandhar. History The history of Jalandhar District comprises three periods — ancient, medieval and modern. The city may be named after Jalandhara, a Nath Guru, who was from here. . The city was founded by Devasya Verma as mentioned in Vedas. Other possibilities include that it was the capital of the kingdom of Lava, son of Rama or that the name derives from the vernacular term ''Jalandhar'', meaning area inside the water, i.e., tract lying between the two rivers Satluj and Beas. The whole of Punjab and the area of present Jalandhar District was part of the Indus ...
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Fast-moving Consumer Goods
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG), are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables. Fast moving consumer goods have a high inventory turnover and are contrasted with specialty items which have lower sales and higher carrying charges. Many retailers carry only FMCGs; particularly hypermarkets, big box stores and warehouse club stores. Small convenience stores also stock fast moving goods; the limited shelf space is filled with higher turnover items. Characteristics The following are the main characteristics of FMCGs: * From the consumer perspective ** Frequent purchases ** Low engagement (little or no effort to choose the item) ** Low prices ** Short shelf life ** Rapid consumption * From the marketer perspective ** High volumes ** Low contrib ...
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Boutique Hotels
Boutique hotels are small inventory, design driven, unique hotels with their own character, personality and storytelling at the heart of their concept. Positioning is secondary for these hotels as they focus on authenticity and personalization. They capitalize on the desire for rich experiences by incorporating elements such as nature and environment, cuisine, history, local culture and community, service and wellness. History Boutique hotels began appearing in the 1980s in major cities like London, New York, and San Francisco. Two of the first opened in 1981: Blakes Hotel in South Kensington, London (designed by Anouska Hempel) and the Bedford in Union Square, San Francisco (the first in a series of 34 boutique hotels currently operated by the Kimpton Group). Although there is some debate as to whether it was the first boutique hotel, Morgans, founded by Ian Schrager and Steve Rubell in New York City, is the most notable of the era; it debuted in 1984. San Francisco & Los Ang ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Companies Based In Kolkata
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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