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Braithwaite & Co.

From Wikipedia, the free encyclopedia
Indian public sector engineering company

Braithwaite and Co. Limited
Company typePublic sector undertaking
Industry
Founded1913; 112 years ago (1913) inCalcutta,Bengal Presidency,British India
(as a subsidiary of Braithwaite & Co. Engineers Limited (U.K.))
28 February 1930; 95 years ago (1930-02-28)
(as Braithwaite & Co (India) Ltd)
Headquarters,
Key people
RevenueIncrease1,103.91 crore (US$130 million) (2024)[2]
Decrease16.47 crore (US$1.9 million) (2024)[2]
OwnerMinistry of Railways,Government of India
ParentIndian Railways
Websitewww.braithwaiteindia.com

Braithwaite & Co. Limited is an Indianpublic sector undertaking which is engaged in the manufacture ofrailway wagons,cranes and other engineering services. It is wholly owned by theGovernment of India and under the administrative control of theMinistry of Railways. Its headquarters are located atKolkata,West Bengal.

Financials

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The company reported total income of Rs.1103.92 crores during the Financial Year ended March 31, 2024 as compared to Rs.1044.76 crores during the Financial Year ended March 31, 2023.

There was a net profit of Rs.16.47 crores reported for the Financial Year ended March 31, 2024 as against net profit of Rs.49.73 crores for the Financial Year ended March 31, 2023.[2]

History

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  • The company was established in 1913 as the Indian Subsidiary of Braithwaite & Co. Engineers Limited (U.K.), for the fabrication of structural steel works.
  • In 1930, it was incorporated asBraithwaite & Co (India) Ltd at Calcutta.
  • In 1960, Braithwaite's Angus Works located atChampdani was set up to manufacture cranes, foundry products, machinery components, etc.
  • In 1976, the company was nationalized and taken over byGovernment of India
  • In 1978, the Project Division was established at Calcutta to execute turnkey projects for material handling plants.
  • IN 1986, the company was one of five government undertakings, all of them related to heavy engineering and located in eastern India, which was placed under the umbrella of Bharat Heavy Udyam Ltd, a newly devised holding company
  • In 1987, the Victoria Works was taken over, which is equipped with all facilities for the manufacture of pressure vessels, railway wagons, and heavy structurals for bridges and other engineering applications.
  • In August 2010, the administrative control of the company was taken over by theMinistry of Railways.

Manufacturing units

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The company has three units – Clive Works, Victoria Works both in Calcutta, and Angus Works inHooghly District, West Bengal. From 2010 the administrative control of thesubsidiary has been taken over by theIndian Railways.[3][4][5]

Miniratna category-I status

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Braithwaite & Co, under theUPA Government in 2010 got enlisted for disinvestment, since the engineering firm made a turnaround with a manifold increase in annual turnover and profits for three consecutive years, in January 2022 it received recognition as a Mini Ratna-I public sector undertaking.[6]

Present status

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In 1986, Braithwaite & Co., Ltd. came under the umbrella ofBharat Bhari Udyog Nigam, which becameholding company of five companies in eastern India,[3] namely:

With effect from 2010, the management of Braithwaite & Co. Limited has been transferred from the Ministry of Heavy Industries & Public Enterprises to the Ministry of Railways, Government of India.[7] Today Braithwaite is an engineering conglomerate that manufactures:

  • Railway wagons & bogies
  • Heavy-duty cranes
  • Structurals
  • Jute mill machinery and
  • Forging & casting jobs.[3][4]

See also

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References

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  1. ^"Md. Asad Alam-Chairman and Managing Director". Retrieved9 June 2025."BRAITHWAITE". Retrieved9 June 2025.
  2. ^abc"Braithwaite and Co Limited - Acuité Ratings & Research Limited"(PDF).www.acuite.in. Retrieved30 August 2024.
  3. ^abc"Bharat Bhari Udyog Nigam Limited". Archived fromthe original on 17 September 2011. Retrieved2011-12-19.
  4. ^ab"Braithwaite and Company Limited - Kolkata - Railway Components manufacturers and suppliers". Archived fromthe original on 23 April 2012. Retrieved2011-12-19.
  5. ^"Yatish Kumar appointed as Chairman, MD of Braithwaite".The Economic Times.Archived from the original on 8 April 2023. Retrieved18 July 2020.
  6. ^NYOOOZ."Mini Ratna-I status for Braithwaite & Co | Kolkata NYOOOZ".NYOOOZ.Archived from the original on 13 January 2022. Retrieved12 January 2022.
  7. ^"Home".bbunl.com.Archived from the original on 7 January 2012. Retrieved19 December 2011.

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