[go: up one dir, main page]

McLeod Russel: Difference between revisions

Content deleted Content added
No edit summary
Tags: Mobile edit Mobile web edit
m History: James_Finlay_%26_Co
 
(35 intermediate revisions by 25 users not shown)
Line 1:
{{short description|Indian tea company}}
{{refimprove|date=July 2018}}
{{Multiple issues|
{{refimprovemore citations needed|date=July 2018}}
{{COI|date=April 2017}}
}}
 
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}{{COI|date=April 2018}}
{{Infobox company
| name = McLeod Russel India Ltd
| logo = McLEOD RUSSEL.png
| logo_caption =
| image =
| image_caption =
| trading_name =
| native_name =
| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. Enter multiple names in different languages using {{tl|lang}}, instead. -->
| romanized_name =
| type =
| former_name = fckr
| traded_as = {{BSE|532654}}, {{NSE|MCLEODRUSSEQ}}
| type =
| industry = [[Tea]]
| traded_as = {{BSE|532654}}, {{NSE|MCLEODRUSSEQ}}
| genre = <!-- Only used with media and publishing companies -->
| industry = [[Tea]]
| fate =
| genre = <!-- Only used with media and publishing companies -->
| fate predecessor =
| predecessor successor =
| foundation = <!-- City, Country ({{Start date|df=yes|YYYY|MM|DD}}) -->
| successor =
| founder =
| foundation = <!-- City, Country ({{Start date|df=yes|YYYY|MM|DD}}) -->
| defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} -->
| founder =
| location_city = [[Kolkata]], [[West Bengal]]
| defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} -->
| location_city = [[Kolkata]]
| location_country = [[India]]
| locations = <!-- Number of -->
| area_served =
| key_people = [[Mr. Aditya Khaitan ]] (CEO & MD)
| products =
| brands =
| brands production =
| production services =
| services revenue =
| revenue =
| operating_income =
| net_income =
| aum = <!-- Only for financial services companies -->
| assets =
| equity =
| owner = Mr. Brij MohanAditya Khaitan (Chairman & Managing Director)
| num_employees = 90,000
| parent =
| divisions =
| subsid =
| homepage = {{URL|www.mcleodrussel.com}}
| footnotes =
| intl =
| intl =
}}
 
'''McLeod Russel India Ltd''' is an Indian tea company. It is currently the world's largest [[tea growing]] company.<ref>{{citeCite news|title=McLeod Russel may diversify to derisk plantation business|url=httphttps://economictimeswww.indiatimesbusiness-standard.com/industry/cons-products/foodcompany/mcleod-russel-may-diversify-to-derisk-plantation-business24988/articleshowinformation/38928571.cmscompany-history|accessdate=24title July 2014|agency=[[Press TrustMcleod ofRussel India Ltd|PTI]]|datenewspaper =23 JulyBusiness 2014Standard India}}</ref>
 
It is part of the [[Williamson Magor Group]]. It has forty-eightThirty One tea estates in the [[Brahmaputra Valley]] of [[Assam]] and fiveTwo in the [[Dooars]] region of [[West Bengal]], three factories in [[Vietnam]], and six estates in [[Uganda]] and the management control of the world Gisovu estate in [[Rwanda]].
McLeod Russel produces more than 90 million kilograms of black tea every year.
 
The company is related to Williamson Magor & Company Ltd. It claims to produce more than 100 million kilograms of quality black tea every year.
 
==History==
The companytale wasof startedMcLeod Russel began in 1869 by two Calcutta-based Englishmen,when Captain J.H. Williamson and Richard Boycott Magor, astwo Calcutta-based Englishmen, formed a partnership - namedfirm, [[Williamson Magor & Company. The Company's main objective was]], to serveservice the requirements of british empire from the tea estates in Assam. [[Brij Mohan Khaitan]], who had beena long-standing relationship with the Company by virtue of being the principal supplier of packagingPackaging materialsMaterials and fertilizersFertilizers, was invited to join the Board of Directors in 1963. and in 1964Mr. [[B. M. Khaitan]] eventually became the Managing Director in 1964 and took the Company to new heights.
 
Over the next half- century, the McLeod Russel group has grown and acquired othera number of well-established and internationally recognised tea companies, including Williamson Tea Assam, Doom Dooma Tea Company, Moran Tea Company in India, Phu Ben Tea Company, Rwenzoriin Tea InvestmentsVietnam and PfundaRwenzori Tea Company. Its subsidiary Borelli Tea Holdings took over management control of Gisovu Tea Company Limited in 2011Investments.
 
It has another subsidiary in Uganda, Mcleod Russel Uganda Limited which cultivates, manufactures and markets tea. It was formerly known as [[James Finlay & Co|James Finlay]] (Uganda) Limited. The company was founded in 1994 and is based in [[Kampala]]. As of 18 January 2010, Mcleod Russel Uganda Limited operated as a subsidiary of Borelli Tea Holdings Ltd.
 
Shortly before the death of B.M. Khaitan in 2019,<ref>{{Cite web|date=1 June 2019|title=BM Khaitan passes away|url=https://www.telegraphindia.com/business/bm-khaitan-passes-away/cid/1691656|access-date=2022-01-14|website=www.telegraphindia.com}}</ref><ref>{{cite news |title=Professional Tea Tasters |url=https://professionalteataster.com/importance-of-tea-tasters-in-the-tea-industry/ |access-date=17 December 2022}}</ref> his younger son [[Aditya Khaitan]], has taken over as chairman of McLeod Russel.<ref>{{Cite news|last=Rakshit|first=Avishek|date=28 March 2019|title=Aditya Khaitan takes over McLeod Russel as the new chairman|url=https://www.business-standard.com/article/companies/aditya-khaitan-takes-over-mcleod-russel-as-the-new-chairman-119032800130_1.html|access-date=2022-01-14|newspaper=Business Standard India|language=en}}</ref>
 
==Operations==
The company's corporate office is situated at 4, Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata. As the world's largest producer of bulk tea, McLeod Russel has two tea blending units - the Nilpur Blending Unit, in Assam and the Dubai Blending Unit, in Dubai.
The company operates blending facilities in Nilpur in North-East India and in Dubai.
 
Since 2018 McLeod has to deal with a liquidity crisis.<ref>{{Cite web|last=Law & Shobha Roy|first=Abishek|date=2021-09-12|title=McLeod Russel's teacup of woes|url=https://www.thehindubusinessline.com/specials/corporate-file/mcleod-russels-teacup-of-woes/article36417040.ece|access-date=2022-01-14|website=www.thehindubusinessline.com|language=en}}</ref> It is reported that in the company's Tea Estate in Assam "most of the working community lives in [[penury]] even today".<ref>{{Cite web|last=Sandipan|first=Talukdar|date=2022-01-12|title=Home to Large Tea Estates, Assam's Behali Still Lacks Sufficient Healthcare Facilities|url=https://www.newsclick.in/home-large-tea-estates-assams-behali-still-lacks-sufficient-healthcare-facilities|access-date=2022-01-14|website=NewsClick|language=en}}</ref>
 
==See also==
{{Portal|Companies}}
* [[History of tea in India]]
* [[Indian Tea Association]]
* [[Tea Board of India]]
Line 75 ⟶ 83:
{{reflist}}
 
{{tea-stub}}
==External links==
* {{Official|http://www.mcleodrussel.com/}}
 
[[Category:Tea companies of India]]
[[Category:CompaniesIndian companies established in 1869]]
[[Category:1869Companies establishmentsbased in IndiaKolkata]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the National Stock Exchange of India]]
 
{{tea-stub}}
{{India-company-stub}}