Andrew Yule and Company Ltd.
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| Government-owned corporation | |
| Founded | 1863 |
| Headquarters | Kolkata, India |
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Key people
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K. Datta, Chairman & MD |
| Owner | Government of India |
| Parent | Yule Group |
| Divisions | Engineering, Electrical, Tea |
| Subsidiaries | Hooghly Printing |
| Website | www |
Andrew Yule & Co. Ltd. is an Indian manufacturing and industrial conglomerate, primarily owned by the Indian Government. It is the main company owned by the Yule Group. 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.
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 several companies in India. The company was managed by Andrew Yule and his brother George Yule and later by David Yule. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar. 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%).
Yule & co. is a public sector company under the Ministry of Heavy Industries and Public Enterprises.
The engineering division is located in Kalyani, West Bengal, and produces industrial fans and blowers, air pollution control equipment, water treatment plants, tea processing machinery, and engineering turnkey contracts.
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