Balmer Lawrie

Balmer Lawrie
	Balmer Lawrie Headquarters in Kolkata
Type	Public
Traded as	BSE: 523319; NSE: BALMLAWRIE
Founded	(1867; 155 years ago) in Calcutta, British India
Headquarters	Kolkata, India
Owner	Government of India (98%)
Website	Official website

Balmer Lawrie & Co. Ltd. (BL) is a government corporation and is under the ownership of Ministry of Petroleum and Natural Gas, government of India. It was a partnership firm founded on 1 February 1867 in Kolkata, India by two Scotsmen: George Stephen Balmer and Alexander Lawrie. Today Balmer Lawrie is a government corporation with a turnover of ₹1612 crores and a profit of ₹232 crores as of 31 March 2020.^[1]^[2] It became a Private limited company in 1924 with a Paid up share capital of ₹40 lakhs, a Public limited company in 1936 and then a Government of India Enterprise in 1972.^[3]^[4] Net Sales/Income from operations is ₹1534 crores in FY 2019–20.[1]

It has six Strategic Business Units – Industrial Packaging, Greases & Lubricants, Leather Chemicals, Travel & Vacations, Logistics and Refinery & Oil Field Services, with offices spread across the country and abroad.^{[citation needed]}

Balmer Lawrie has grown enormously in the last 153 years and has become the market leader in Steel Barrels, Industrial Greases & Specialty Lubricants, Corporate Travel and Logistics Services. It has very well responded to the demands of an ever changing environment and has taken full advantage of every opportunity to innovate. Balmer Lawrie also grew inorganically through various JVs over the period of time.^{[citation needed]}