Balmer Lawrie started its corporate journey as a partnership firm on Februry 1, 1867 at Kolkata, founded by two Scotmen - George Stephen Balmer and Alexander Lawrie.
From Tea to Shipping, Insurance to Banking, Trading to Manufacturing – there is hardly any business Balme Lawrie did not delve into in its formative years, growing stronger at every landmark of its remarkable corporate journey.
Today, Balmer Lawrie has emerged as a multi-activity, multi-technology, multi-location conglomerate with global footprints - along with its joint ventures, encompassing diverse interests in manufacturing and services sector viz, Industrial Packaging, Grease & Lubricants, Leather Chemicals, Tea, Travel & Tours, Logistics Infrastructure & Services and Refinery & Oilfield Services.
Balmer Lawrie became a private limited company in 1924 and a public limited company in 1936. In 1972 Balmer Lawrie became a subsidiary of Indo Burma Petroleum Co. Ltd. and a government company.
IBP Co. Limited, by a Scheme of Arrangement has transferred their holding of 61.8% to Balmer Lawrie Investments Limited on October 15, 2001. Besides public holding of 18%, financial institutions and insurance companies collectively hold about 20% of the capital.
The equity shares of Balmer Lawrie are listed with the Bombay and National Stock Exchanges.
The company is engaged in a wide range of businesses:
In its existence of over 130 years, Balmer Lawrie has achieved several distinctions that attest the company's market orientation, customer focus & quality consciousness.
Presently the company is largest in India in:
Balmer Lawrie & Co is planning to exit from the domestic tea operations. Presently, Balmer Lawrie is involved in blending and packaging of tea bought from auctions and private sources. Earlier, the PSU had hived off its London tea operations to Duncan McNeill group.