UpdateBot at 19:05, 6 June 2022

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{{Use dmy dates|date=December 2017}}
{{Use Indian English|date=December 2017}}
{{multiple issues|
{{more citations needed|date=July 2014}}
{{Tone|date=December 2009}}
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{{Infobox company
|name = Ballarpur Industries Limited
|logo = [[File:Bilt.jpg|Bilt]]
|type = [[Public company]]
|traded_as = {{BSE|500102}}
|founder = Lala Karamchand Thapar
|foundation = 1945
|location_city = [[Gurgaon]]
|location_country = [[India]]
|key_people = [[Gautam Thapar]], [[Chairman]] and [[CEO]]
|revenue = USD 70 Million
|homepage = [http://www.bilt.com/ http://www.bilt.com]
}}
'''Ballarpur Industries Limited''' ('''BILT''') is a subsidiary of [[Avantha Group]], and was once India's largest manufacturer of writing and printing paper. The current chairman of the company is [[Gautam Thapar]], who succeeded his late uncle [[L.M. Thapar]].<ref>{{Cite web|title=BILT: Growing aggressively|url=https://www.thehindubusinessline.com/todays-paper/tp-corporate/BILT-Growing-aggressively/article20159281.ece|access-date=2020-10-13|website=@businessline|language=en}}</ref>

BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest [[pulp and paper company]], and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programme in several states in India.<ref>{{Cite web|date=March 19, 2007|first=Bisheshwar|last=Mishra|title=BILT buys paper mill in Malaysia for $261 mn|url=https://timesofindia.indiatimes.com/business/international-business/BILT-buys-paper-mill-in-Malaysia-for-261-mn/articleshow/1780918.cms|access-date=2020-10-13|website=The Times of India|language=en}}</ref>

BILT has six manufacturing units across India, which give the company geographic coverage over most of the domestic market. BILT has a dominant share of the high-end [[coated paper]] segment in India. The company accounts for over 50% of the coated [[wood-free paper]] market, an impressive 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.<ref>{{Cite web|date=2011-07-15|title=The PPI Top 100|url=http://www.risiinfo.com/magazines/September/2008/PPI/pulp-paper/magazine/international/september/2008/PPIMagSeptember-The-PPI-top-100.html|access-date=2020-10-13|archive-url=https://web.archive.org/web/20110715190158/http://www.risiinfo.com/magazines/September/2008/PPI/pulp-paper/magazine/international/september/2008/PPIMagSeptember-The-PPI-top-100.html|archive-date=15 July 2011}}</ref>

BILT’s acquisition of SFI in 2007 was the first overseas acquisition by an Indian paper company. This acquisition transformed BILT into a major regional player, and elevated the company's ranking among the global top 100. It also entered into a partnership with Red Roses Publications, Norway in 2013, which is owned and managed by a multi-billionaire.<ref>{{Cite web|title=India's Ballarpur takes over SFI {{!}} The Star|url=https://www.thestar.com.my/business/business-news/2007/03/17/indias-ballarpur-takes-over-sfi|access-date=2020-10-13|website=www.thestar.com.my}}</ref>

==History==
Lala [[Karam Chand Thapar]] established company in 1945 as Ballarpur Paper and Straw Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two brands. In 1969, Shree Gopal Paper Mills Limited in Yamunanagar was merged with the company. In 1975, the organisation was renamed Ballarpur Industries Limited.<ref>{{Cite web|title=Ballarpur Inds.: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Ballarpur Inds. - NDTV|url=https://www.ndtv.com/business/stock/ballarpur-industries-ltd_ballarpur/reports|access-date=2020-10-13|website=www.ndtv.com}}</ref>

In the 1990s the company was under siege from Southeast Asian companies, who set up greenfield projects in India. But in 2001, Ballarpur Industries turned around and was able to buy out its Indonesian competitor's [[Sinar Mas Group]] Indian division and entered into a partnership with Red Roses Publications, Norway.

The name BILT emerged after a corporate rebranding exercise in 2002.

==Locations==
BILT is headquartered in Gurgaon in Haryana.

It has three central nurseries, each located in [[Maharashtra]], [[Orissa, India|Orissa]] and [[Telangana]].<ref>{{cite web |url=http://bilt.com/forestry3.asp |title=Archived copy |website=bilt.com |access-date=6 June 2022 |archive-url=https://web.archive.org/web/20040217161821/http://bilt.com/forestry3.asp |archive-date=17 February 2004 |url-status=dead}}</ref>

The company has the following manufacturing units:
#Unit : Ashti, [[Gadchiroli]], [[Maharashtra]]
#[[Unit : Ballarpur]], [[Chandrapur District]], [[Maharashtra]]
#Unit : Bhigwan, [[Pune District]], [[Maharashtra]]
#Unit : [[Kamalapuram, Warangal|Kamalapuram]], [[Warangal District]], [[Telangana]]
#Unit : Sewa, [[Jeypore]], [[Orissa, India|Orissa]]
#[[Unit : Shree Gopal]], [[Yamuna Nagar District]], [[Haryana]]

The company also has one of its office in [[Sabah]], [[Malaysia]].

== Financials and Bankruptcy Process ==
The company has been reporting losses for more than numerous financial years<ref>{{Cite web|title=BSEINDIA|url=https://www.bseindia.com/corporates/Comp_Results.aspx?Code=500102|access-date=2020-10-13|website=www.bseindia.com}}</ref> post which, the paper producer was taken to the bankruptcy court by its lenders on January, 2020. BILT's major lenders include SBI, ICICI Bank, Axis Bank, IDBI Bank and Finquest Financial Solutions.<ref>{{Cite news|last=Rebello|first=Joel|title=Thapar Group's BILT in bankruptcy court|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/thapar-groups-bilt-in-bankruptcy-court/articleshow/73539676.cms?from=mdr|access-date=2020-10-13}}</ref>

Due to poor internal performance of the company, its stock has fallen more than 95% in a span of three years (as of March, 2020). The equity shares of BILT are listed on [[National Stock Exchange of India]] and [[Bombay Stock Exchange]].<ref>{{Cite web|title=Introducing Ballarpur Industries (NSE:BALLARPUR), The Stock That Collapsed 98%|url=https://simplywall.st/stocks/in/materials/nse-ballarpur/ballarpur-industries-shares/news/introducing-ballarpur-industries-nseballarpur-the-stock-that-collapsed-98/|access-date=2020-10-13|language=en-AU}}</ref>

==References==
{{Reflist}}

==External links==
* [http://www.bilt.com/ BILT]
* [https://web.archive.org/web/20070222220104/http://www.biltpaper.com/ Paper Division]

[[Category:Pulp and paper companies of India]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Manufacturing companies established in 1945]]
[[Category:1945 establishments in India]]
[[Category:Forestry in Malaysia]]
[[Category:Avantha Group]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Ballarpur Industries - Revision history

UpdateBot at 19:05, 6 June 2022