Williamson Financial Services Ltd.a Williamson Magor Group company was established on December 20, 1994. The company's principal activity is to provide financial services. The services include lease financing, financial advisory and consultancy services and capital market operations. It is a non banking financial company.
The Williamson Magor Group is one of the foremost producers of Assam quality tea. Established in the year 1868 as a tea company, the group now produces an output of 30 million Kg of tea per year from its 23 tea estates in Assam and 5 million Kg from its 5 tea estates in Dooars.
The Makum Tea Co. (India) Limited was incorporated on December 17, 1971 in the State of Assam and it received the certificate of Commencement of Business on August 18, 1972 from the Registrar of Companies, Assam. The company was acquired as a going concern undertaking in India of The Makum (Assam) Tea Company Limited, UK. The main activity was growing, cultivation and manufacturer of tea.
In accordance with a Scheme of Arrangement approved by the shareholder of Makum Tea Co. (India). And McLeod Russel (India) Limited. and confirmed by the Hon'ble High Courts at Gauhati and Calcutta the three tea estates of the company viz. Dehing, Drink and Margherita Tea Estates were transferred to McLeod Russel (India) Limited with effect from April 1, 1994.
Similarly Namdang Tea Co. (India) under a Scheme of Arrangement approved by the shareholders of Namdang Tea Co. (India), and McLeod Russel (India) and confirmed by the High Courts at Gauhati and Calcutta the two tea estates of the company viz. Namdang and Bogapani Tea Estates were transferred to McLeod Russel (India) with effect from April 1, 1994.
Subsequently Namdang Tea Co. (India) was amalgamated with Makum Tea Co. (India) in accordance with a Scheme of Amalgamation approved by the Hon'ble High Court at Gauhati with effect from April 1, 1994.
Consequent to the amalgamation and transfer of tea estates the activities of the company were not germane to its name. Hence, the name of Makum Tea Co. (India) was changed to Williamson Financial Services with effect from December 20, 1994.
Services offered by the company:
The company provides financial services including