Andrew Yule & Co. Ltd. is an Indian

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...

and industrial

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

, primarily owned by the

Indian Government The Government of India (ISO 15919, ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the Government, national government of the Republic of India, a federal democracy lo ...

. It is the main company owned by the Yule Group. It is currently headquartered in

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, comme ...

(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 Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

History

The business was founded by

Andrew Yule Andrew Yule (2 November 1834 – 18 July 1902) was a businessman who founded Andrew Yule and Co. Early life Andrew was born in Stonehaven- Fetteresso, Scotland, the third and youngest son of Robert Yule, a clothier, and his wife Elizabeth. He h ...

in 1863 and incorporated as a

private 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 ...

in 1919. During British Raj the company was a large conglomerate. The company had varied and diversified business interests ranging from

jute Jute is a long, soft, shiny bast fiber that can be spun into coarse, strong threads. It is produced from flowering plants in the genus ''Corchorus'', which is in the mallow family Malvaceae. The primary source of the fiber is ''Corchorus olit ...

, cotton, coal, tea, engineering, electrical, power, chemicals, insurance, railways, shipping, paper, printing apart from maintaining a zamindari and managing house of several companies in India. The company was managed by Andrew Yule and his brother

George Yule George Yule may refer to: * George Yule (businessman) (1829–1892), Scottish merchant and politician in India * George Yule (linguist) (born 1947), British linguist * George Udny Yule George Udny Yule FRS (18 February 1871 – 26 June 1951 ...

and later by

David Yule Sir David Yule, 1st Baronet (4 August 1858 – 3 July 1928) was a Scottish businessman based in British India. The ''Oxford Dictionary of National Biography'' judged him "arguably the most important businessman in India" and quoted his obituary ...

. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar. The company was turned into a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

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

Andrew Yule & Co. is a public sector company under the Ministry of Heavy Industry.

Engineering division

The engineering division is located in Kalyani, West Bengal, and produces industrial fans and blowers,

air pollution Air pollution is the contamination of air due to the presence of substances in the atmosphere that are harmful to the health of humans and other living beings, or cause damage to the climate or to materials. There are many different types ...

control equipment,

water treatment Water treatment is any process that improves the Water quality, quality of water to make it appropriate for a specific end-use. The end use may be drinking water, drinking, industrial water supply, irrigation, river flow maintenance, water recrea ...

plants, heavy 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 A rectifier is an electrical device that converts alternating current (AC), which periodically reverses direction, to direct current (DC), which flows in only one direction. The reverse operation (converting DC to AC) is performed by an inver ...

, plant communication, and fire alarm and detection systems. The switchgear and electrical systems group is located in

, while the transformer & switchgear unit is located in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

Tea division

The tea division comprises fifteen tea estates, listed below. Five of these are in West Bengal and ten in Assam. *Mim Tea Estate in

Darjeeling Darjeeling (, , ) is a town and municipality in the northernmost region of the Indian state of West Bengal. Located in the Eastern Himalayas, it has an average elevation of . To the west of Darjeeling lies the easternmost province of Nepal, ...

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...

*Four tea estates clustered together near

Banarhat Banarhat is a census town in the Banarhat Community development blocks in India, CD block in Jalpaiguri Sadar subdivision of the Jalpaiguri district in the state of West Bengal, India. Banarhat is 72 km. far from Siliguri and 65 km fr ...

town in the

Dooars The Dooars or Duars ( as, দুৱাৰ, duar, rkt, দুৱাৰ, duar, bn, দুয়ার, duyar) () are the alluvial floodplains in eastern-northeastern India that lie south of the outer foothills of the Himalayas and north of the ...

region of Northern

**Karbala Tea Estate **Banarhat Tea Estate **Choonabhutti Tea Estate and **New Dooars Tea Estate *Ten tea estates in

Assam Assam (; ) is a state in northeastern India, south of the eastern Himalayas along the Brahmaputra and Barak River valleys. Assam covers an area of . The state is bordered by Bhutan and Arunachal Pradesh to the north; Nagaland and Manipur ...

: **Khowang, **Bhamun, **Hingrijan, **Basmatia, **Desam, **Tinkong, **Rajgarh, **Hoolungoorie, **Murphulani and **Bogijan

Business development group

The business development group produces CAD & GIS applications, digitization, archiving, vectorization, and scanning of drawings, among other services.

Associated companies

Tide Water Oil Co. (India) Ltd.

This division produces lubricants and greases under the Veedol brand. The company currently owns 26.23% of Tide Water Oil Co. Ltd.

Descon Ltd.

Descon provided

consultant A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

services in the power and energy sector, engineering drawing,

GIS A geographic information system (GIS) is a type of database containing Geographic data and information, geographic data (that is, descriptions of phenomena for which location is relevant), combined with Geographic information system software, sof ...

management consultancy Management consulting is the practice of providing consultant, consulting services to organizations to improve their performance management, performance or in any way to assist in achieving Goal#Goal setting management in organizations, organizatio ...

, and

software development Software development is the process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components. Software development invol ...

. 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 JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group. The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the Unite ...

. 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 In electronics, a multiplexer (or mux; spelled sometimes as multiplexor), also known as a data selector, is a device that selects between several analog or digital input signals and forwards the selected input to a single output line. The sele ...

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 A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. The syndicated loan market is the dominant way for larg ...

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

restructuring, financial re-engineering, management of

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

for medium-sized capital business units, and corporate advisory services.

Subsidiary companies

Hooghly Printing Co. Ltd.

This subsidiary provides multi-colour

offset printing Offset printing is a common printing technique in which the inked image is transferred (or "offset") from a plate to a rubber blanket and then to the printing surface. When used in combination with the lithographic process, which is based on t ...

. It has regional offices in

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

and

References

External links

The Yule Group
{{DEFAULTSORT:Yule, Andrew And Company Ltd. Government-owned companies of India Companies based in Kolkata Companies nationalised by the Government of India Indian companies established in 1863 Engineering companies of India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange * Indian companies established in 1919