History of Balmer Lawrie & Company Limited

_x000D_ Incorporated in 1924, Balmer Lawrie & Company Limited is a Government of India Enterprise that is involved in the business of Logistics Infrastructure and Services, manufacturing of Industrial Packaging and Greases and Lubricants and Tours and Travels._x000D_ _x000D_ The company started as a partnership firm in 1867 in Kolkata. In 1888, the company started food export to the West Indies. In 1924, Balmer Lawrie became a private limited company, and in 1936, it became a public limited company. In 1937, Balmer Lawrie & Company started grease production in Pilkhana, Howrah. In 1947, they opened branches in Chittagong and Karachi._x000D_ _x000D_ In 1972, Balmer Lawrie became a subsidiary of Indo Burma Petroleum Co. Ltd. and a government company. In 1987, the company became a ‘Schedule B’ PSE (Public Sector Enterprise). In 1990, the company went public and got listed on the stock exchanges in India. In 1995, the company began exporting leather chemical products. In 2003, it became a Mini Ratna II PSE, which was followed by Mini Ratna I PSE status in 2006. In 2022, the company started its Cold Chain Unit in Bhubaneswar._x000D_ _x000D_ As of March 2023, Balmer Lawrie & Company Limited has 6 manufacturing plants in India and their products and services are supplied all over the country. They also serve 5 overseas regions._x000D_

Business Segments of Balmer Lawrie & Company Limited 

_x000D_ There are 2 strategic business units of the company, as follows:_x000D_

_x000D_
• Manufacturing Business: The company is involved in the manufacturing of industrial packaging products like steel barrels and drums, as well as leather chemicals. They also manufacture and supply grease, lubricants and compounds. The company also offers advanced technical services for the oil and gas industry, with a primary focus on pollution prevention and the recovery of hydrocarbons from waste.
_x000D_
• Service Business: Under this segment, the company provides services like container freight stations, cold chain and other logistics services. They also offer tours and travel services, such as ticketing and planning package tours.
_x000D_

_x000D_ As of March 31, 2023, the subsidiary company of Balmer Lawrie & Company Limited is,_x000D_

_x000D_
• Visakhapatnam Port Logistics Park Limited: This is a subsidiary of the company that was established to set up a Multi-Modal Logistics Hub (MMLH) at Visakhapatnam. Balmer Lawrie & Company Limited holds a stake of 60% in this company.
_x000D_

_x000D_

Key Personalities of Balmer Lawrie & Company Limited

_x000D_ Adika Ratna Sekhar, Chairman and Managing Director_x000D_ _x000D_ Adika Ratna Sekhar has been the Chairman and Managing Director of Balmer Lawrie & Company Limited since November 2021. He has more than 30 years of experience and has worked at various companies, such as Vijay Electricals Limited, Bharat Electronics Limited, Federal-Mogul Goetze India Limited, GMR Hyderabad International Airport Limited, Ramky Group of Companies and Tata Projects Limited. He joined Balmer Lawrie & Company in 2014 as the Senior Vice President of Human Resources._x000D_

Corporate Actions of Balmer Lawrie & Company Limited

_x000D_

_x000D_
• In 2019, the company announced a bonus share of 1:2 ratio with a record date of December 28, 2019.
_x000D_
• In 2016, the company announced a bonus share of 3:1 ratio with a record date of December 27, 2016.
_x000D_
• In 2013, the company announced a bonus share of 3:4 ratio with a record date of May 24, 2013.
_x000D_