ANDREW YULE & CO LTD-KOLKATA

Profile

History of Andrew Yule is not only about its business empire but also about the immense contributions it made towards socio-economic and industrial development of the country. It all started in 1863 when Andrew Yule, a young entrepreneur from Scotland arrived in Calcutta, the then imperial capital of India and founded the Company as a managing agency at a time when the railways, telegraph and postal services made a beginning in the country. By 1875 the Company established substantial business interest in jute, tea, cotton, coal and insurance.
George Yule, the elder brother of Andrew Yule, took the reign of the Company in 1875. He was a typical exponent of liberal school of thought and took a leading part in public affairs. He became the Sheriff of Calcutta in 1886 and was elected the President of Indian National Congress in 1888, one of the only two Europeans who have the said honor.
The elegant Yule House at 8 Clive Row, Calcutta, the corporate centre of the Andrew Yule Group since 1907 was built by David Yule. David Yule was conferred with Knighthood in 1912 when King George V and Queen Mary visited India. He was the only non-official to be honoured for providing food and employment to more than 2,00,000 people.
Sir David Yule continued to expand the business to power, paper, engineering, shipping and so on and by In 1913 Andrew Yule was the largest managing agency house in the country with 37 companies under its hold. In 1919, the goodwill and business of Andrew Yule was sold to a new Private Limited Company namely Andrew Yule Company Pvt. Ltd. and subsequently in 1946 it was converted into a Public Limited Company.
The present business of the Andrew Yule Group includes Tea, Electrical, Engineering, Lubricant, Printing, Digital Communication etc. Various changes in the economic situation as well as socio-economic conditions for 150 years could never dampen the tradition and heritage of the Company and its business growth. The Company always had the resilience to withstand the vicissitudes and the test of time. The recent example was the remarkable turnaround by the Company in 2007 for which it received the SCOPE Excellence Award for the turnaround category. Today, the Andrew Yule Group has a turnover of Rs.1,200 crore and it employs about 16,500 people.