THE
BRITISH INDIA CORPORATION was registered as a Limited
Company on the 24th February, 1920. It was founded by the late
Sir Alexander Mac Robert. The corporation was formed with the
specific object of combining and amalgamating, under one Board
of Directors, the following business with effect from the Ist
of January, 1920.
>> CAWNPORE WOOLLEN MILLS CO. manufacturers
of the well known "LALIMLI" brand of all- wool,
pure wool materials - Kanpur (Established in 1876).
>> COOPER ALLEN & CO. Ltd. proprietors
of the largest Army Boot and Equipment Factory in the world –
Kanpur (Established in 1881).
>> NORTH – West Tannery
Co. Ltd., Proprietors of the largest and the most up-to-date
Tannery in the East – Kanpur (Established in 1881).
>> NEW EGERTON WOOLLEN
MILLS CO. Ltd., Sole manufacturers of the celebrated "DHARIWAL"
long life wool wear – Dhariwal, Punjab. (Established in
1882).
>> CAWNPORE COTTON MILLS
CO. Ltd., Sole manufacturers of the unsurpassed "KAKOMI"
Cotton Yarns and Fabrics – Kanpur (Established in 1882).
>> Empire Engineering Co. Ltd., Civil, Mechanical,
Motor and Constructional Engineers, Contractors and Builders –
Kanpur (Established in 1894).
Over the years four of the above companies have shut down their
businesses and are no longer in existence. Only two of the business
units are in existence and are running as on date viz., Cawnpore
Woollen Mills Branch, Kanpur, and New Egerton Woollen Mills Branch,
Dhariwal, Punjab.
>> The Company changed hands from
British interests to the Indian business families of MUNDRAS
and then BAJORIAS between 1955 and 1962.
>> In February 1963 the management
of BIC got vested with an elected Board with the approval of Central
Government as well as UTI, LIC and Banks.
>> In June, 1981, BIC became a Government
Company through an Ordinance promulgated by the Government
of India.
>> It is a Public Sector undertaking,
under the control of Ministry of Textiles, Government of India, and
is the only P.S.U. manufacturing Woollen Textiles in the country.
>> On the basis of its financial
position, the company was referred to the Board for Industrial
and Financial Reconstruction (BIFR) on 31st March, 1991 and subsequently. |