| Company type | Public sector undertaking |
|---|---|
| Industry | |
| Founded | 1913; 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 |
|
| Revenue | |
| Owner | Ministry of Railways,Government of India |
| Parent | Indian Railways |
| Website | www |
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.
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]
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]
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]
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:
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