UpdateBot at 22:37, 11 June 2022

2022-06-11T22:37:56Z

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{{Infobox company
| name = The Bombay Burmah Trading Corporation, Limited
| logo = Bombay_Burmah_Trading_Corporation_logo.svg
| logo_size =
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| type = [[Public Company|Public]]
| traded_as = {{Unbulleted list|{{BSE|501425}}|{{NSE|BBTC}}}}
| ISIN = INE050A01025
| industry =
| predecessor = Wallace Bros & Co.
| founded = {{Start date and age|1863}}<ref>{{cite web |title=Company Profile |url=https://bbtcl.com/company-profile/ |website=The Bombay Burmah Trading Corporation, Limited |accessdate=27 April 2019}}</ref>
| founders = Wallace brothers
| hq_location = Wallace Street, [[Fort (Mumbai precinct)|Fort]]
| hq_location_city = [[Mumbai]], [[Maharashtra]]
| hq_location_country = India<ref>{{cite web |title=Our Locations |url=https://bbtcl.com/our-locations/ |website=The Bombay Burmah Trading Corporation, Limited |accessdate=27 April 2019}}</ref>
| num_locations =
| num_locations_year = 
| area_served = Worldwide
| key_people = Nusli N. Wadia <small>(Chairman)</small><ref>{{cite web |title=List of Directors |url=https://bbtcl.com/list-of-directors/ |website=The Bombay Burmah Trading Corporation, Limited |accessdate=27 April 2019}}</ref>
| products =
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| production =
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| revenue = {{decrease}} {{INRConvert|247.25|c}}
| revenue_year = FY18
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| net_income = {{decrease}} {{INRConvert|-25.83|c}}<ref name="Annual Report">{{cite web |title=Annual Report |url=https://bbtcl.com/wp-content/uploads/2018/07/Annual-Report-2017-2018-Final.pdf |website=The Bombay Burmah Trading Corporation, Limited |accessdate=27 April 2019}}</ref>
| net_income_year = FY18
| assets =
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| owner = [[Wadia Group]] <small>(65.93%)</small><ref>{{cite web |title=Shareholding |url=https://bbtcl.com/wp-content/uploads/2019/04/Shareholding-Pattern-3132019.pdf |website=The Bombay Burmah Trading Corporation, Limited |accessdate=27 April 2019}}</ref>
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| website = {{URL|https://bbtcl.com/}}
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}}

'''The Bombay Burmah Trading Corporation Limited''', often simply called the '''Bombay Burmah Trading Company''' (BBTC), is a [[corporation]] that was formed in 1863 by the [[Wallace Brothers]] of Scotland. India's second oldest publicly quoted company, BBTC was established to engage in the Burmese tea business through the initial step of taking over the Burmese assets of William Wallace.

The company’s founding occurred when the six Wallace Brothers, originally members of a Scottish merchant house in [[Edinburgh]], first arrived in [[Bombay]] (now Mumbai) in the 1840s. A Bombay partnership was formed in 1848 as "Wallace Bros & Co". In the mid-1850s the Wallaces set up a business in [[Rangoon]], shipping tea to Bombay. In 1863 the business was floated as "The Bombay Burmah Trading Corporation". Its equity was held by both Indian merchants along with the Wallace Brothers, who had the controlling interests. By the 1870s the company was a leading producer of [[teak]] in [[Burma]] and [[Siam]], as well as having interests in cotton, oil exploration and shipping.

British motivations for the [[third Anglo-Burmese War]] were partly influenced by concerns of the BBTC. The Burmese state's conflict with the BBTC furnished British leaders with a pretext for conquest.<ref name="Webster1998">{{citation|author=Anthony Webster|title=Gentleman Capitalists: British Imperialism in Southeast Asia 1770-1890|url=https://books.google.com/books?id=vH2ssfXKBLwC&pg=PA224|date=15 September 1998| publisher=I.B.Tauris|isbn=978-1-86064-171-8}}</ref>{{rp|224–225}} By the 1880s Wallace Brothers had become a leading financial house in London. This firm was able to affect the intelligence about Burma and, more critically, about the growing French influence in the country.<ref name="Webster1998"/>{{rp|227}}

The Vissanji family purchased the company from the Wallace brothers around the time of Indian independence. In 1992, the BBTC acquired and merged in [[BCL Springs]]. Later, BBTC was acquired by the [[Wadia]] group based in Bombay.<ref>{{cite web|last1=Verghese|first1=Luke|title=Bombay Burmah: A sprawling conglomerate|url=https://www.equitymaster.com/outsideview/detail.asp?date=09/13/2011&story=5&title=Bombay-Burmah-A-sprawling-conglomerate-Luke-Verghese|website=www.equitymaster.com/|accessdate=8 February 2017}}</ref>

==See also==
{{portal|Companies}}
* [[List of trading companies]]

==Further reading==

* Arnold Cecil Pointon, Bombay Burmah Trading Corporation 1863-1963 (Southampton: The Millbrook Press. 1964) 142 pp. {{OCLC|752648475}}
* RH Macaulay, History of Bombay Burmah Trading Corporation 1864 -1910 (London, 1934).
* Anthony Webster, Gentlemen Capitalists: British Imperialism in South East Asia 1770-1890. (London: Tauris Academic Studies. 1998)

==References==
{{Reflist}}

{{Wadia Group}}
{{Nifty 200 companies}}

[[Category:Economic history of India]]
[[Category:Trading companies of the United Kingdom]]
[[Category:Indian companies established in 1863]]
[[Category:Companies based in Mumbai]]
[[Category:Wadia Group]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

{{India-company-stub}}

Bombay Burmah Trading Corporation - Revision history

UpdateBot at 22:37, 11 June 2022