Balmer Lawrie & Co. Ltd. (BL) is an Indian
central public sector undertaking under the
ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...
of
Ministry of Petroleum and Natural Gas
The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum ...
,
Government of India
The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...
. It was a partnership firm founded on 1 February 1867 in
Calcutta
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, commer ...
,
British India
The provinces of India, earlier presidencies of British India and still earlier, presidency towns, were the administrative divisions of British governance on the Indian subcontinent. Collectively, they have been called British India. In one ...
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. 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.
During FY 2020–21, the PSE earned a revenue of .
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.
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.
References
External links
*
Companies nationalised by the Government of India
Companies based in Kolkata
Chemical companies of India
Packaging companies of India
Government-owned companies of India
Companies established in 1867
1867 establishments in India
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange
Indian companies established in 1924
{{india-company-stub