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The business was founded by Andrew Yule in 1863 and 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 ...
In 1919, Andrew Yule & Company Pvt. Ltd., was incorporated and subsequently in 1946 it was converted into a Public Limited Company. At the time of independence in 1947, the Company was at the zenith of its prosperity and influence. The Group managed about 57 Companies, provided employment to about 86 thousand people and in addition indirect ...
Aug 10, 2024 · Our Profile. Founded in 1863 and incorporated as Private Limited in 1919. The Company was converted into Public Limited Company in 1948 and became a Central Public Sector Enterprise (Schedule B Company) in 1979 with the acquisition of 49% equity share in 1974 and 2% in 1979 by Government of India. Kolkata, West Bengal, India.
- Kolkata, West Bengal, India.
Andrew and George moved from Scotland to Manchester around 1855. Three years later, in 1858, they formed a partnership as warehousemen. [1] The same year, encouraged by profits to be made in colonial trade, Andrew moved to India. [1] One of the first businesses he established there was the Hoolungpooree Tea company.
About Andrew Yule. Andrew Yule celebrated its centenary year in 1963. However, post-1963 era had been a period of dramatic change both in the structural fabric and fortune of the Company. Managing agency system was abolished in 1969, coal and insurance were nationalized, jute business was sold in early 70s and the Group shrunk considerably.
Jul 3, 2023 · At the time of India’s Independence, Andrew Yule Ltd. had a turnover of Rs 23 crores, managed more than 57 companies and provided employment to 86,000 people. Even after Independence, the company flourished till about 1969, when the agency house system was abolished and the coal and insurance businesses were nationalised by the central government.
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The business was founded by Andrew Yule in 1863 and 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 ...
