38.88.107.8 at 07:40, 28 February 2021

2021-02-28T07:40:59Z

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{{Use dmy dates|date=September 2015}}
{{Use Indian English|date=September 2015}}
{{more citations needed|date=September 2014}}
{{Infobox company
| name = Andrew Yule and Company Ltd.
| logo = Yule logo.png
| type = [[Public sector undertakings in India|Public Sector Undertaking]]
| traded_as = {{BSE|526173}} <br/>{{NSE|ANDREWYULE}}
| genre =
| fate =
| predecessor =
| successor =
| foundation = 1863
| founder = [[Andrew Yule]]
| defunct =
| location_city = [[Kolkata]]
| location_country = [[India]]
| location =
| locations =
| area_served =
| key_people = Shri Sanjoy Bhattacharya [(Chairman and Managing Director)]
| industry =
| products =
| production =
| services =
| revenue =
| operating_income =
| net_income = {{INRConvert|27|c}} <small>(2016-17)</small><ref>{{cite news|last1=Singh|first1=Mahendra K.|title=Government looking at stake sales in 11 more public sector companies|url=https://economictimes.indiatimes.com/markets/stocks/news/government-looking-at-stake-sales-in-11-more-public-sector-companies/articleshow/64329090.cms|access-date=26 May 2018|work=The Economic Times|date=26 May 2018}}</ref>
| aum =
| assets =
| equity =
| owner = [[Government of India]]
| num_employees =
| parent =
| divisions = Engineering, Electrical, Tea
| subsid = Hooghly Printing
| homepage = {{URL|http://www.andrewyule.com}}
| footnotes =
}}

'''Andrew Yule & Co. Ltd.''' is an [[India]]n [[manufacturing]] and industrial [[Conglomerate (company)|conglomerate]], primarily owned by the [[Government of India|Indian Government]]. It is the main company owned by the Yule Group.<ref>{{Cite web|url=https://in.reuters.com/finance/stocks/company-profile/ANDY.BO|title=Company Profile for ${Instrument_CompanyName}|last=Editorial|first=Reuters|website=IN|language=en|access-date=2020-01-23}}</ref> It is currently headquartered in [[Kolkata]] (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]].<ref>{{Cite web|url=https://economictimes.indiatimes.com/andrew-yule-&-company-ltd/directorsreport/companyid-12526.cms|title=Andrew Yule & Company Directors Report {{!}} Andrew Yule & Company Director Details - The Economic Times|website=economictimes.indiatimes.com|access-date=2020-01-23}}</ref>

==History==
The business was founded by [[Andrew Yule]] in 1863 and [[incorporation (business)|incorporated]] as a [[private company]] in 1919. During British Raj the company was a large conglomerate. The company had varied and diversified business interests ranging from jute, 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 (businessman)|George Yule]] and later by [[David Yule]]. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar.<ref>{{cite web |url= http://timesofindia.indiatimes.com/topic/Andrew-Yule-and-Company-Ltd. |title=Andrew Yule and Company Ltd. |work=[[Times of India]] |year=2014 |access-date=2 August 2014}}</ref><ref>{{cite web |url= http://www.thehindubusinessline.com/features/weekend-life/merchant-sahibs-of-calcutta/article5142509.ece |title=Merchant sahibs of Calcutta |first=Jayanta |last=Mallick |work=[[The Hindu Business Line]] |date=19 September 2013 |access-date=2 August 2014}}</ref> The company was turned into a [[public company]] 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 Industries and Public Enterprises]].

===Engineering Division===
The engineering division is located in [[Kalyani, West Bengal]], and produces industrial fans and blowers, [[air pollution]] control equipment, [[water treatment]] plants, heavy machinery, and engineering turnkey contracts.

===Electrical Division===
The electrical division produces power and [[distribution transformer]]s, high voltage switching gear, low voltage control gear, flame proof switch gear, [[voltage regulator]]s and [[rectifiers]], plant communication, and [[fire alarm]] and detection systems. The switchgear and electrical systems group is located in [[Kolkata]], while the transformer & switchgear unit is located in [[Chennai]].

===Tea Division===
This division produces bulk tea. It has 5 locations in [[West Bengal]]: Mim Tea Estate at [[Darjeeling]], Karbala, Banarhat, Choonabhutti and New Dooars Tea Estates at [[Dooars]]. Another 10 locations are in [[Assam]]: Khowang, Bhamun, Hingrijan, Basmatia, Desam, Tinkong, Rajgarh, Hoolungoorie, Murphulani and Bogijan Tea Estates.<ref>{{Cite web|url=http://www.andrewyuletea.com/|title=Andrew Yule Tea}}</ref>

===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.<ref>{{Cite web|url=https://www.bseindia.com/corporates/shpPromoterNGroup.aspx?scripcd=590005&qtrid=103.00&QtrName=September%202019|title=Shareholding Pattern|website=www.bseindia.com|access-date=2020-01-04}}</ref>

===Descon Ltd.===
Descon provided [[consultant]] services in the power and energy sector, engineering drawing, [[GIS]], [[management consultancy]], and [[software development]]. 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]]. 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]] 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]], [[capital (economics)|capital]] restructuring, financial re-engineering, management of [[insurance]] for medium-sized capital business units, and corporate advisory services.

==Subsidiary companies==

===Hooghly Printing Co. Ltd.===
This subsidiary provides multi-colour [[offset printing]]. It has regional offices in [[New Delhi]], [[Mumbai]] and [[Chennai]]

==See also==
*[[David Yule]]

==References==
{{reflist}}

==External links==
* [http://www.andrewyule.com The Yule Group]

{{authority control}}

{{DEFAULTSORT:Yule, Andrew And Company Ltd.}}
[[Category:Government-owned companies of India]]
[[Category:Companies based in Kolkata]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Indian companies established in 1863]]
[[Category:Engineering companies of India]]

Andrew Yule and Company - Revision history

38.88.107.8 at 07:40, 28 February 2021