British India Corporation
Coordinates: 26°28′35″N 80°20′23″E / 26.476393°N 80.339617°E
Type | PSU |
---|---|
Industry | Woollen Mills |
Founded | 1876 |
Headquarters | 14/66, Civil Lines, Kanpur-208 001, INDIA |
Number of employees | 1,800 |
British India Corporation Limited (BIC) is a Public Sector Undertaking (PSU) of the Ministry of Textiles, Government of India. The company produces textiles for use by civilians and the Indian armed forces. It manufactures the popular "Lal-imli" and "Dhariwal" brands of woollen products. The company was established in 1876 by Sir Alexander MacRobert[1] as a public limited company[2] when he combined his six companies into one enterprise.[1] MacRobert died on 22 June 1922[3][a] and his widow, Rachel, Lady MacRobert, assumed the role of director[5] until her eldest son, Alasdair, became chairman in 1937.[6]
In 1981, it was nationalised and taken over by the Government of India.[2] It has not generated profit since 1989.[7]
Headquartered in Kanpur, BIC nominally operates two woollen mills in Kanpur and Dhariwal (Punjab). In 2006 the company employed over 2,700 people and had aggregated revenues of ₹373 million (US$5.0 million).[8][9]
It ceased manufacturing in 2005 but still employs 1,800 people. New weaving machines installed in 2005 have never been used.[7]
References[]
Notes
Citations
- ^ a b Miller (2014), p. 109
- ^ a b "UP Govt Unveils Revival Package For British India Corporation", Financial Express, 28 January 2003
- ^ "Death of Sir A. McRobert", The Times (43065), p. 11, 23 June 1922
- ^ Miller (2014), p. 9
- ^ "Lady MacRobert", The Times (53026), p. 8, 2 September 1954
- ^ Miller (2014), p. 128
- ^ a b "Modi seeks to revive India's 'zombie factories', not abandon them", Reuters, 12 October 2014
- ^ "British India Corporation, Balance sheet" (PDF), Department of Public Enterprises, archived from the original (PDF) on 16 July 2011
- ^ "British India Corporation Ltd" (PDF), Ministry of Textiles, archived from the original on 19 June 2009
Bibliography
- Miller, Marion (2014), Cawnpore to Cromar, Librario, ISBN 978-1-909238-09-1
- Textile companies of India
- Companies based in Kanpur
- Government-owned companies of India
- Companies nationalised by the Government of India
- Ministry of Textiles
- Indian companies established in 1876
- Manufacturing companies established in 1920
- Indian company stubs