This document is the annual report and accounts for 2015 of an insurance company. It includes the following sections: Overview providing an introduction to the company; Business Review including reflections from the Chairman; Governance outlining the company's governance framework; and Group Financial Statements containing the statutory financial statements and audit report. The Overview section describes the company's mission to be an insurance provider of choice and outlines how it operates in life and general insurance as well as allied financial services. It also summarizes the company's culture and responsibilities to meet its financial obligations.
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Stowd is an on-demand warehousing service provider providing shared warehouses on a pay-as-you-use model. We aim to optimize inefficiencies in the warehouse market by onboarding unutilized warehouse spaces and offer it to our clients for a monthly rental.
The document is an annual report that provides an overview of the company, including its mission, notable events in its history dating back to 1970, and sections covering business review, governance, and financial statements. It discusses the company's founding in 1970 and growth over decades to become a market leader in the Nigerian insurance industry. It provides the vision, mission and an image of the current leadership team.
Molson Coors 2005 Annual Report discusses the company's first year after the merger of Molson and Coors. It highlights achieving synergies from the merger and progress on strategic objectives despite challenges. It outlines focusing on building brands, strengthening finances, expanding global capabilities, and prioritizing culture. The CEO discusses overcoming headwinds in key markets through brand improvements and reshaping operations for future success and growth. Financial data shows sales down but assets and equity up following the merger.
Molson Coors Brewing Company 2005 Annual Report summarizes the company's first year after merging. Key accomplishments included realizing $175 million in merger-related synergies within three years, addressing challenges to top brands like Molson Canadian and Coors Light, and accelerating cost reductions. However, the company faced difficulties from price discounting, rising costs, and competition across all major markets in Canada, the US, and UK. While financial results reflected these challenges with declining volume and sales, the company was encouraged by progress made and remained focused on building a sustainable future.
- The document summarizes the accomplishments of Balmer Lawrie in 2019, including successful events, new facilities inaugurated, online portals launched, auditing systems implemented, and CSR initiatives undertaken.
- Balmer Lawrie's manufacturing businesses achieved many awards and recognition in 2019 for their operational excellence, including several National Award for Manufacturing Competitiveness awards.
- Mr. D Sothi Selvam concluded his tenure as Director of Manufacturing Businesses at Balmer Lawrie in December 2019, having overseen a turnaround and increased profits across the four manufacturing SBUs during his five-year term.
The document summarizes the accomplishments of Balmer Lawrie's Leather Chemicals (LC) and Refinery & Oil Field Services (ROFS) strategic business units. It highlights that both SBUs demonstrated exemplary performance in the previous year through excellent teamwork. LC turned around to become profitable after losses, while ROFS surpassed its targets. The success of both SBUs is attributed to the vision of their leaders and the hard work of their teams in executing that vision. The issue of BLOG magazine covers the key achievements and interviews with leaders of LC and ROFS. It also discusses the company's Chairman speaking about pushing for further growth and innovation across all business sectors.
Exclusive coverage cooperation pumps valves and systems magazine balmer lawrieBalmerLawrie
Balmer Lawrie & Co. Ltd. is a 154-year-old Indian conglomerate with six business units including logistics, travel and vacations, industrial packaging, greases and lubricants, chemicals, and refinery and oil field services. It has a greases and lubricants manufacturing facility in Kolkata that produces greases, lubricants, and specialties using pumps, valves, and other equipment. Maintaining these is important for smooth operations and quality production. The facility has various certifications and follows quality control procedures.
This document provides information about Kotak Mahindra Group and its agency partner model. Some key points:
- Kotak Mahindra Group is a large Indian financial services conglomerate with over 36 years of experience and a presence across India and internationally.
- The agency partner model allows individuals to build a team and earn a percentage of the business generated by the team, requiring less effort than growing business solely through one's own efforts.
- Examples are provided of retired individuals who have joined as agency partners and gone on to build large teams and earn substantial incomes, with some earning over 1 crore rupees. The opportunity is presented as providing income, recognition, and growth potential for retired professionals.
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My career in Merchant Navy started in January 1989 as Trainee Nautical Officer. Till 2007 I sailed on merchant ships in various capacities, out of which I sailed as Master (Captain) for 6 years. In 2007, I began my career ashore as I joined Essar Shipping as the Deputy General Manager. In 2010, I joined International Bunkering Middle East as the General Manager, and within eight months, I was promoted and made the Country Head- India Division.
The document discusses Balmer Lawrie's quarterly financial results, upcoming safety week celebrations, personnel updates, and foundation day celebrations.
[1] Balmer Lawrie reported a 27% increase in quarterly net income and a 68% rise in quarterly profit. Net income for the nine-month period increased 41% while profit increased 70%. [2] The 51st National Safety Day will be observed from March 4-10 with programs centered on nurturing young minds to develop a safety culture. [3] Foundation Day on February 1 was celebrated across units with flag hoisting and employee events while adhering to COVID protocols.
A. F. Ferguson & Co. is a leading public accounting, business advisory and corporate services firm in Pakistan with over 65 years of history. It has 42 partners across offices in Karachi, Lahore, Islamabad, and Kabul. As a member of the PwC network, one of the largest professional services networks worldwide, A. F. Ferguson & Co. has access to PwC's technical expertise and training programs. The firm is committed to providing excellent client service through a comprehensive approach, understanding each client's business, and maintaining high standards of independence and professionalism.
The chairman provides an overview of Apollo Tyres' performance in the previous fiscal year and outlines plans for future growth. Key points include:
- Apollo Tyres set up its first overseas greenfield facility in Hungary, which will help expand its product portfolio and market share in Europe.
- The company launched its largest online brand campaign, "Rock the Road", to increase visibility of its Vredestein brand in Europe.
- Apollo Tyres acquired the German company reifencom GmbH to boost online and retail distribution networks in Europe.
- Domestically, Apollo Tyres entered the two-wheeler tyre market to offer a full product range in India.
This document is the first issue of Fidelity E-News, an internal staff newsletter for Fidelity Insurance. It introduces the editorial team and sections of the newsletter. The sections will include contributions from staff on company events, products, human interest stories, and spiritual reflections. The lead story is on the history and brand story of Fidelity Insurance from its beginnings in 1940 to the present. It aims to foster interaction between staff and departments through independent information on Fidelity and the insurance industry.
ANNUAL
REPORT
2015
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CONTENTS
Chairman and Managing Director and CEO’s Letter 2
Financial Highlights 3
Business Highlights 4
Review of Operations 6
Board of Directors 10
Corporate Governance Statement 12
Corporate and Social Responsibility 24
Directors’ Report 26
Remuneration Report 34
Auditor’s Independence Declaration 47
Independent Auditor’s Report 48
Directors’ Declaration 50
Financial Statements 51
Notes to the Financial Statements 56
Shareholder Information 83
Corporate Directory 84
Company Store Locator IBC
Annual General Meeting
The 2015 Annual General Meeting of
Dick Smith Holdings Limited will be held at
Dick Smith Support Office, 2 Davidson Street
Chullora, New South Wales on
Wednesday 28 October 2015 at 11.00am
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Dick Smith Holdings Limited ANNUAL REPORT 2014 I 1Dick Smith Holdings Limited ANNUAL REPORT 2015 I 1
Dick Smith is renowned
for its convenient
store locations, range
of leading brands,
competitive prices,
customer service and
knowledgeable staff.
WHO WE ARE
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CHAIRMAN’S AND
MANAGING DIRECTOR
AND CEO’S LETTER
Dear fellow shareholders
Two years ago, when Dick Smith embarked on a
successful road show with investors prior to our IPO,
we conveyed our strategy as becoming ‘the leading
consumer electronics retailer in Australia and New
Zealand, assisting our customers in achieving the most
from technology at the right value’. We identified five
strategic growth initiatives to deliver sustainable growth
over the medium term.
Two years later our focus on our strategy is unwavering
with these initiatives delivering the sustainable growth
we anticipated and continuing to position the Company
for superior future growth.
Our performance in these five strategic growth initiatives
can be summarised as:
– New stores: With 393 stores in Australia and
New Zealand and opening 15-20 stores annually,
we provide our customers with unprecedented
convenience wherever they are located.
– New formats: Our four formats cater for differing
demographics ranging from a traditional Dick Smith
customer to a younger demographic at MOVE, a more
discerning consumer at David Jones and international
travellers at MOVE by Dick Smith (at Sydney Airport’s
International Terminal).
– Private Label: An integral part of Dick Smith for 45
years, Private Label growth continues to provide the
Company with flexibility to trade competitively and
maintain favourable margins.
– Online/omni-channel: Considered by many as a
disrupter, we view online as a competitive advantage.
With all 393 stores offering Pay & Collect and 210
stores acting as distribution/fulfilment locations, our
low cost model and multiple online platforms allow
your Company to offer leading prices.
– Cost transformation: Having inherited a cost base
that was unsustainable, our investment .
Karvy Stock Broking Ltd is a leading financial services provider in India established in 1983. It offers a wide range of services including stock broking, depository services, wealth management, insurance broking, mutual funds, and more. Karvy has over 575 offices across India and overseas. It has established itself as a top player in equities, commodities, currency, and other financial markets due to its robust online trading platform, research reports, and personalized advisory services. Some of Karvy's competitors include India Bulls, Motilal Oswal Securities, and Kotak Securities.
The document summarizes recent events at Balmer Lawrie, an Indian company that provides logistics and industrial packaging services. It discusses the inauguration of a new cold chain unit in Bhubaneswar by an Indian minister. It also mentions the company's financial results for the previous fiscal year, with income and profits growing. A new director was appointed to oversee manufacturing businesses. Additionally, it covers the unveiling of an expanded warehouse facility in Kolkata and Balmer Lawrie's participation in various exhibitions and industry events to promote its services and brand.
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The Buddhist monk gathered his young students and told them to steal purses from wealthy people in the nearby city to raise money for their temple. All the students were uncomfortable with this except one boy. The boy realized there was no place he could steal without seeing himself, so he told the other students not to go. The monk was pleased with this boy, as he had wanted to teach the students a lesson about integrity.
The document then discusses events at Balmer Lawrie related to observing Vigilance Awareness Week and Constitution Day. It also summarizes new partnerships, projects, and training programs launched by various divisions of the company during this period.
The document provides information on various topics happening in India and at Balmer Lawrie & Co. Ltd. in February 2024. It discusses the upcoming Indian general elections, International Women's Day theme of inclusion, National Safety Day celebrations, regional new year festivals, and Balmer Lawrie business updates including new appointments, awards received, and events/conferences hosted. The newsletter aims to keep employees informed of company and national news and events on a monthly basis.
The document discusses Balmer Lawrie's celebration of various events in February 2024 and announcements. It summarizes that Balmer Lawrie celebrated its 158th Foundation Day on February 1st across India. It also announced positive third quarter results for FY2023-24 with increased profits. The 53rd National Safety Week will be observed from March 4th-10th with programs centered on safety leadership.
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The document provides an overview of India's accomplishments in 2023 and upcoming events being celebrated in early 2024. Some key points:
- India successfully shouldered its G20 Presidency and launched various initiatives. Domestically, it achieved several milestones in space, rail, and sports.
- On January 26th, 2024, India will celebrate its 75th Republic Day.
- In early February 2024, Balmer Lawrie will celebrate its 158th Foundation Day with events being organized across various regions for employees and families.
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The document provides an overview of the various awards and accolades received by Balmer Lawrie SBUs and functions in the past year for their work and achievements. It recognizes the contributions of different divisions in implementing official language policies, delivering excellent customer service, health and safety practices, and developing innovative logistics solutions. The summary also highlights key business partnerships, expansion of operations, and employee engagement initiatives undertaken during the period.
Weekly Media Update - December 26, 2023 - Balmer LawrieBalmerLawrie
This document provides a weekly media update comprising news related to the Indian economy from various sources. Key highlights include:
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2) The IMF projected India's economy to grow at 6.3% in the current fiscal year and the next, supported by macroeconomic and financial stability.
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This document provides an editorial and overview of the Balmer Lawrie Start-up Fund initiative. It discusses how Balmer Lawrie launched a Start-up Fund in 2017 aligned with the Government of India's Startup India initiative to promote entrepreneurship and innovation. It highlights how Balmer Lawrie has supported various startups over four rounds of funding. The document also provides updates on significant events at Balmer Lawrie, including new partnerships and handling of logistics for sports teams.
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- The document provides news clips from various media sources related to Balmer Lawrie and other public sector enterprises (PSEs) in India.
- It mentions that India's economic growth is projected to exceed 8% in fiscal year 2025 according to industry group FICCI. Several reports also raised India's growth projections for the current fiscal year to between 6.7-7%.
- The document is intended to be uploaded on Balmer Lawrie's intranet and website every Monday to share recent news.
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This document provides a weekly media update from various Indian news sources. It summarizes key news related to the Indian economy from the past week, including:
- Nomura projecting India will be one of the fastest growing Asian economies in 2024.
- S&P Global Ratings forecasting India will become the world's third largest economy by 2030.
- The Finance Ministry stating India will become a $5 trillion economy early in the 'Amrit Kaal' period to 2047.
- The RBI keeping interest rates unchanged but raising its FY24 growth forecast to 7%.
The update covers news from several economic indicators such as GDP growth, inflation rates, industrial production, and assessments from
India's GDP is projected to surpass the US to become the world's largest economy by 2052, reaching $45 trillion according to a CLSA report. By 2027, India will surpass Japan to become the third largest economy. However, CLSA expects a slowdown in India's growth until September 2024 followed by a recovery in 2025. S&P Global Ratings also projects India's GDP growth to rise to 7% by 2026, higher than China's projected 4.6% growth. The OECD forecasts India's growth slowing to 6.1% in FY2025 from an estimated 6.3% in FY2024.
The document discusses the defeat of the Indian cricket team in the ICC Cricket World Cup 2023 final against Australia. It notes that while this was disappointing for Indian fans, important life lessons can be learned from setbacks like embracing challenges positively, valuing teamwork, and improving through reflection and learning. It also provides updates about Balmer Lawrie's financial performance, observance of Vigilance Awareness Week, and personnel changes and new recruits.
This weekly media update from Balmer Lawrie provides summaries of recent news articles related to the Indian economy, GOI policies and PSEs, and Balmer Lawrie's business sectors. Key articles discuss S&P raising India's FY24 growth forecast to 6.4% due to robust domestic demand, estimates that Q2 GDP growth will be 6.7-7% driven by services and government spending, and forecasts that FY24 will see strong economic growth and macroeconomic stability according to the Finance Ministry.
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- India's manufacturing activity fell to an eight-month low in October due to the slowest rise in new orders in a year, while services activity declined to a seven-month low due to softer increases in output and orders.
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2. Editorial
I would like to begin the Editorial of the first issue of Balmer Lawrie Organisational
Gazette [BLOG], our quarterly house journal, in the new financial year 2024-25 by
quoting a thought which our leaders have voiced time and again, “We have seen
times changing . . . We have seized opportunities in change!” This has probably been
one of the key reasons why the Company has been able to traverse the awe-inspiring
milestone of 157 years and has always remained profitable in its entire corporate
journey. Today, the business environment is witnessing unprecedented changes and
to stay relevant we have to look for opportunities that will drive growth. Steve Jobs once
said, “Innovation is the ability to see change as an opportunity, not a threat.”
IthasnowbecomecustomarytodedicatetheAprilissueofBalmerLawrieOrganisational
Gazette [BLOG], our quarterly house journal to the Foundation Day celebrations.
Balmer Lawrie was founded on 1st February 1867 and for us Balmer Lawriens, this
day is very close to our hearts. On this day we proudly tell the world about our rich
legacy, heritage and history. Balmer Lawrie stepped into its 158th year on 1st February
2024. Every year on this day, the Balmer Lawrie flag is hoisted at every location, a
pledge is administered and C&MD’s message is read out. The celebrations follow on
the Sunday post 1st February.
This event holds immense significance and is the most awaited event for the
employees and their families. Various programs are organised in the four regions
with the objective of bringing the entire Balmer Lawrie family together. I believe
that the Foundation Day celebrations is a unique employee engagement forum. It
is also a platform to showcase our in-house talent. On this day we actually sense the
strength in our diversity, we realise how fortunate we are to be part of an organisation
that has always made profits in its journey since inception, we cherish the feeling of
being together and we remind ourselves of our Leaders’ vision, our responsibility of
upholding the reputation of our organisation, fostering our culture and enhancing
our commitment to the various stakeholders. This issue of BLOG brings you glimpses
of the different programs organised across locations pan India on 4th February 2024.
With the beginning of the new Financial Year, let’s focus on our KPTs and strongly
drive excellence in performance to stay ahead of competition. Hope the new financial
year is a harbinger of success for all of us at Balmer Lawrie. BLOG wishes all of you a
great FY 2024-25! As always, please send me any suggestion, feedback or contribution
at mukhopadhyay.mohar@balmerlawrie.com.
Organisational Gazette
2
3. MESSAGE FROM CHAIRMAN & MANAGING DIRECTOR
logistics, free trade warehousing zone, third party logistics and are planning to set up more Cold
Chain Units. Visakhapatnam Port Logistics Park Limited (VPLPL) has become a holistic integrated
logistics park in line with PM’s Gati Shakti initiative and the Container Freight Station commenced
operations within the Hub last financial year. The Ethanol project is underway, we have started
manufacturing textile and agro chemicals, and we are also exploring manufacturing of Rigid
Industrial Bulk Containers (RIBC).
I’m confident we’ll be able to show strong Y-O-Y growth in our businesses across sectors in 2024-25
and continue to maintain our position as market leaders in the various segments we operate. Our
organisation’s performance is a result of the hard work and commitment of our employees. My
hearty congratulations to the Leadership and all the team members!
We signed an MOU with IIM Lucknow Enterprise Incubation Centre (IIML EIC) in February 2024
for incubation of Start-ups. Balmer Lawrie has been driving its Start-up initiative for the last six years
and funded quite a few Startups to promote innovation and create a healthy ecosystem conducive
for the growth of Startups. I hope our collaboration with IIML EIC will help in getting relevant
applications for the Corporate VC Startup Engagement Programme (CSEP).
I will also take this opportunity to mention about some significant accomplishments in various
areas, during the year. SBU:G&L signed MOUs with Oil Companies and successfully hosted the 26th
Lubricating Grease Conference under the aegis of National Lubricating Grease Institute (NLGI)
- India Chapter at Kolkata in February 2024. SBU:IP continues to be a market leader enjoying a
significant market share. SBU:T&V is beefing up its branding and technology initiatives and has
enhanced both topline and bottomline growth. 'e-Safar', Balmer Lawrie’s own in-house Standard
Self Booking Tool (SSBT) for air travel on all official tours, was launched for Executives. Travel won
accolades for handling the special project for the 75th
Republic Day Celebrations at Kartavya Path,
New Delhi by MoPNG and other Ministries, Government of India. Travel signed MOUs with many
companies / institutions to take care of their air travel needs.
I will be laying down office as Chairman & Managing Director of the Company on 30th
June 2024.
I strongly cherish my association with Balmer Lawrie and I am confident that the vision that I
nurtured for the Company will be realised in the years to come. We have to just stay focussed on our
goals and work as one team. I hope the year ahead will be a great one for our Company. My best
wishes to all of you in the new financial year!
Adika Ratna Sekhar
Chairman & Manging Director
We have stepped into the financial year 2024-25 and its time for
us to take stock of our performance. Though we’ve witnessed
both topline and bottomline growth, our topline growth needs
a solid push. Besides our business goals, we need to strategically
drive our new business initiatives and the future leadership
projects with more vigour.
I am happy that we commissioned the Cold Chain Unit at
Vijayawada as part of setting up temperature controlled
warehouses in tier 2 and tier 3 cities. Balmer Lawrie has also
signed a Memorandum of Understanding (MOU) with Central
Warehousing Corporation (CWC) for utilising storage /
warehousing space of CWC for providing Cold Chain logistics,
general warehousing and other ancillary services for a period
of ten years from the date of sign-off. We are foraying into rail
ISSUE 46, April 2024
3
4. An ode to our Leaders…
They had dreams, hopes and the vision to create and drive our diverse Company,
Their style, personalities and forte were unique but what was common was their passion, dedication,
fearlessness and qualities so many.
Their actions inspired others to learn, dream and do more,
Their insight and ingenuity brought them achievements galore.
Our Leaders walked the talk and stood tall in changing times,
They seized opportunities in change and drove Balmer Lawrie to be a conglomerate that never ceases to
shine.
Founding Fathers, Stephen George Balmer (L) and
Alexander Lawrie (R)
Alexander Lawrie
Senior Partner, 1867 - 1908
Driven by the spirit of entrepreneurship, two enterprising Scotsmen Stephen George Balmer and
Alexander Lawrie came together to form the partnership firm, Balmer Lawrie & Co. at Kolkata on
1st
February, 1867. History goes…a coin was tossed…Balmer won…his name preceded in the Firm
incorporated and thus was born Balmer Lawrie.
Soon after signing the co-partnership agreement, S G Balmer returned to England where he passed
away on 21st
May 1867 because of ‘Phthisis’, in London. Alexander Lawrie was therefore virtually the
sole founder of Balmer Lawrie & Co. Mr. Alexander Lawrie passed away at Ruthin, Hampstead on 25th
April 1908 at the age of 64 years. During the 41 years when he guided the destiny of the firm, not only
in Calcutta but also in London, where he founded the firm of Alexander Lawrie & Co., Mr. Lawrie took
an active part in other business interests as Director of the National Bank of India Ltd., The Alliance
Assurance Co. and other concerns.
Organisational Gazette
4
5. Among the prominent Partners taking part in the development of the Firm to its present position, is pre-
eminently Mr. J N Stuart who, as a Partner from 1878 until the Firm became a Private Limited Company
in 1924, remained second to Mr. Alexander Lawrie in the management of the Firm.
Mr. John Gemmell became a Partner of Alex Lawrie & Co. in 1891, and later Balmer Lawrie & Co. Ltd.
leaving India in 1907. He was a Director of Alex Lawrie & Co. till his death in 1927. Together with Mr.
A C Lawrie, son of Mr. Alexander Lawrie, Mr. Gemmell belonged to the prominent Partners who joined
the Firm in the first quarter century of its career.
Mr. A C Lawrie, son of the Founder, joined the London Staff in 1887, becoming Partner in 1891 and after
serving in Calcutta as Partner for some years returned to London and remained a Partner of Alex Lawrie
& Co. Ltd. till the day of his death in 1918.
Mr. P Balmer Lawrie, another son of the Founder, joined Balmer Lawrie & Co. Staff in 1891, and after
spending two years on the Tea Estates connected with the Firm returned to London and became a
Partner of Alex Lawrie & Co. in 1900, and of Balmer Lawrie & Co. in 1901. After being a Senior Partner
for several years in Calcutta, Mr. Lawrie returned to London in 1914. He was a senior Director of Alex
Lawrie & Co. Ltd., whose Partners were the chief shareholders in Balmer Lawrie & Co. Ltd.
Mr. A Preston, after a long career in the Firm, was a Partner from 1907 to 1913.
Mr. A N Stuart, son of J N Stuart, joined London office in 1908 and became a Partner in 1914, and with
Mr. P Balmer Lawrie continued his interest in the Company.
Mr. J M Chisholm joined Balmer Lawrie & Co. in 1905, and after serving as Partner in Calcutta, was also
one of the Directors of Alex Lawrie & Co. Ltd.
J N Stuart, J Gemmell, A C Lawrie (L-R Top)
J M Chisholm (centre)
P Balmer Lawrie, A Preston, A N Stuart (L-R Bottom)
ISSUE 46, April 2024
5
6. Board of Directors, 1927
H C W Bishop, Sir Hubert Carr, A R Mellis (L-R Top)
J Alex Gemmell, W H Bradbury, W B Monair (L-R Bottom)
Most of the Directors served for considerable periods as Assistants in the Firm before joining as Partners
in the old Firm, or Directors in the new Company. Sir Hubert Carr became a Partner in 1914 and retired
as Managing Director in 1927. Mr. W B Monair and Mr. A R Mellis became Partners in 1921 and 1922,
and on the conversion into a Limited Company in 1924, these three partners became members of the
Board, which was shortly joined by Mr. J Alex Gemmell, son of Mr. John Gemmell, Mr. W H Bradbury
and Mr. H C W Bishop.
The responsibilities of the department and managed companies was distributed among the Directors and
each Director became a specialist in the activities under him. A typical arrangement in 1927 illustrates
the concept:
Sir Hubert Carr: Electrical, Machinery, Metals, Bombay, Travellers and BIECCO
Mr. A R Mellis: Cash, Tea Gardens, Tea Purchase, Insurance, Anglo Indian Carrying and
Accounts
Mr. J A Gemmell: Paper, Flour, Ice, West Indies and Arthur Butler
Mr. H C W Bishop: Coal, Bridge & Roof and Indian Galvanising
Organisational Gazette
6
7. 39, he was appointed on the Board of Balmer Lawrie, and two years later, became its Chairman. He had a
vision for Balmer Lawrie, very different from his predecessor’s at a time when a new India was emerging.
He was convinced that for Balmer Lawrie to attain a strategic role in the national commerce and industry,
it had to seize growing opportunities in the manufacturing sector and that management practices in the
Company had to catch up and then keep pace with the changes. He also knew that the managing agency
system would not survive.
He backed Bridge & Roof for growth in the immediate future, decided that paper would be the ‘business’
of Balmer Lawrie in future, promoted the concept of ‘synergy’ within the Balmer Lawrie group,
which resulted in Tribeni Tissues (leveraged the paper technology of Bengal Paper and engineering
competence of Bridge & Roof) in 1951, tea warehouse in Chittagong in 1950 and consolidation around
the construction industry.
Contemporaries of Mr. Jenkins on the Board of Balmer Lawrie in the 1950s, recall with admiration the
practice he initiated of monthly meetings among the heads of all units in the Group. One of the Directors,
Mr. C D Wilson recalls, “a system he started was the meeting of Assistant Directors. That was the first
time that all the departments and managed companies talked to each other… it encouraged collective
thinking… it was a breath of fresh air…”. Sir Owain Jenkins left Balmer Lawrie in 1958, retiring at the
age of 51.
Sir Owain Jenkins
Mr. A T Montgomery
Mr. C D Wilson
Sir Owain Jenkins (Mr. Owain Trevor Jenkins was conferred the knighthood
in 1958 and since then was known as Sir Owain Jenkins.)
OTJ Era
The practice of management had started changing with the beginning of the 20th
century. However, the management of the Company continued to be practiced
purely as an art. As a result, the standards of management practice across the
Company remained average, brilliance being confined to some outstanding
individuals. One such person was Mr. Owain Trevor Jenkins.
Mr. Jenkins had joined Balmer Lawrie as an Assistant in 1929. Gifted with a
sharp and inquisitive mind, and an extraordinary ability to comprehend a vast
variety of subjects, he was highly analytical and objective. In 1946, at the age of
Sir Owain Jenkins was succeeded by Mr. A T Montgomery who took over
as Chairman from him. Mr. Montgomery was appointed to the Board along
with Sir Jenkins on 1st
January, 1946. He shared with Sir Owain Jenkins the
vision to broaden Balmer Lawrie’s manufacturing base. Coincidentally Mr.
Montgomery also retired at the age of 51 in the year 1961.
After the retirement of Mr. A T Montgomery, the mantle fell on Mr. C D
Wilson who had joined the Board in 1951. He had a distinguished career with
tea gardens being his forte. He however, left India in 1962, the year in which
Balmer Lawrie profits peaked at Rs. 29.41 lakhs.
ISSUE 46, April 2024
7
8. Mr. C G Montgomery
Mr. Paul Gonsalves
Mr. C G Montgomery succeeded Mr. Wilson. Other fulltime members of the
Board in 1963 were Mr. H K Fitzgerald and Mr. D Manson. All three were
professionals of exceptional calibre. Mr. Montgomery and Mr. Manson were
chartered accountants whereas Mr. Fitzgerald had been with trading, Pakistan
operations and then tea gardens. Mr. Montgomery is remembered as a person
who would encourage subordinates to bring the best out of them. He allowed
considerable freedom to professionals. Mr. Manson was gifted with a brilliant
mind and tremendous grasp. Mr. Fitzgerald was known for his professional
brilliance and was a confirmed workaholic.
This was the last all British team of fulltime Directors to head Balmer Lawrie.
During 1920s & 1930s when the technique of grease was shrouded in secrecy
and no country was ready to share the knowledge, Balmer Lawrie took the
challenge to make grease in India. The visionary, Mr. Paul Gonsalves made
significant breakthrough in grease manufacturing. Later he was acknowledged
as ‘Father of the grease industry in India’.
Significant Happenings @ Balmer Lawrie
• On 14th
February 2024, the Travel vertical
of SBU: Travel & Vacations signed an
MoU with IIM - Nagpur for using Balmer
Lawrie’s flagship product, the Standard
Self Booking Tool (SSBT) for their official
air travel booking.
• Travel – Delhi signed an agreement
with IIM, Amritsar for providing
travel services, on 14th
March 2024.
Source: Balmer Lawrie Archives
Organisational Gazette
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9. • Balmer Lawrie successfully hosted the 26th
Lubricating Grease Conference under
the aegis of National Lubricating Grease
Institute (NLGI) - India Chapter at the
JW Marriott Hotel, Kolkata from 22nd
to 24th
February 2024. The Conference
was graced by Hon’ble Governor of West
Bengal, Dr. C V Ananda Bose. This year the
theme for the Conference was “Sustainable
Grease Solutions”. Mr. Adika Ratna Sekhar,
C&MD, Balmer Lawrie was the Conference
Chairperson. Over 500 delegates representing companies and institutions participated in the event
which witnessed paper presentations, panel discussions, exhibition etc. The Lubricating Grease
Conference is a significant forum which witnesses deliberations on latest developments, technological
innovations, opportunities and challenges related to the Greases & Lubricants industry.
• A puja was organised as part of the
groundbreaking ceremony at Cold Chain
- Vijayawada on 29th
February 2024. Mr.
Adika Ratna Sekhar, C&MD and Mr. Adhip
Nath Palchaudhuri, Director [Service
Businesses] participated in the puja along
with Senior Officials and Executives of
SBU: Cold Chain.
• Balmer Lawrie signed an MOU with IIM
Lucknow Enterprise Incubation Centre
(IIML EIC) on 6th
February 2024 for
incubation of Start-ups. The MOU was signed
by Mr. Adhip Nath Palchaudhuri, Director
[Service Businesses] and Mr. Saurav Dutta,
Director [Finance] of Balmer Lawrie and
Mr. Yamini Bhushan Pandey, MD, IIML EIC
in the presence of Mr. Adika Ratna Sekhar,
C&MD, Mr. Abhijit Ghosh, Director [HR &
CA] and Ms. Kavita Bhavsar, Company Secretary, of Balmer Lawrie and Mr. Aditya Prasad, Head
Business Development, IIML EIC. Presently, Balmer Lawrie and IIML EIC are collaboratively
inviting applications for the Corporate VC Startup Engagement Programme (CSEP).
• SBU: Chemicals participated in the 37th
India International Leather Fair (IILF)
held from 01st
to 03rd
February 2024 at the
Chennai Trade Centre, Nandambakkam,
Chennai. A stall was put up at the fair
to showcase Balmer Lawrie’s end-to-
end leather chemicals products. Mr. R
M Uthayaraja, Director [Manufacturing
Businesses] visited the IILF and the
Balmer Lawrie stall.
ISSUE 46, April 2024
9
10. • International Women’s Day (IWD) was celebrated with
much fervour across regions pan India on 8th
March
2024. On the occasion the second edition of the special
newsletter ‘Shakti’ was published. The IWD theme this
year was #Inspire Inclusion. Mr. Adika Ratna Sekhar,
Chairman & Managing Director, Balmer Lawrie & Co.
Ltd. and Ms. Vartika Shukla, Chairman & Managing
Director, Engineers India Ltd. (EIL) addressed all the
women employees of Balmer Lawrie on 8th
March
2024. Various events were conducted across all the
regions pan India for the women workforce.
• The 53rd
National Safety Week (NSW) was observed from 4th
to 10th
March 2024 in all units /
establishments across locations. The week commenced on 4th
March, observed as National Safety
Day, with the administering of the safety pledge and reading out of C&MD’s message. In line with
the theme ‘Focus on Safety Leadership for ESG Excellence / ईएसजी उत्कृ ष्टता के लिए सुरक्षा नेतृत्व पर ध्यान दें’, various
programs were organised over the week. The programs included extempore, online quiz, skit, spot
quiz, mock drills, online safety slogan and online essay writing competitions.
Awards
• Travel - Delhi received the best performance award
for the Financial Year 2023-24 from Vistara at an
event organised in New Delhi on 15th
February
2024.
• Mr. Adika Ratna Sekhar, Chairman & Managing Director was
conferred with the ‘Business Leader of the Year’ award by World
HRD Congress. The award was given away in a function held in
Taj Lands End, Mumbai on 17th
February 2024.
Organisational Gazette
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11. • The 7th
Annual HSE Strategy Summit & Awards 2024 was organised by M/s Inventicon Business
Intelligence Pvt. Ltd. and Balmer Lawrie was declared as Gold Winner in the category - Commitment
to Environmental Excellence Award and won Silver award in Managing Risks & Risk Assessment at
Work. The award ceremony was held on 22nd
February 2024 at Mumbai. The awards was received
by Mr. Adhip Nath Palchaudhuri, Director [Service Businesses], Mr. R S Louis, COO [LI] and Mr.
Dinesh Ingle, Manager [Operations].
• Balmer Lawrie was the winner of ‘Best Manufacturers Chemicals’
in the Business Excellence Awards 2023 organised by HMTV
(Hyderabad Media House) at the JRC Convention, Hyderabad
on 17th
March 2024. Mr. Adika Ratna Sekhar was also conferred
an award. The awards were received by Ms. Manpreet Kaur
Mathur from Travel - Hyderabad on behalf of the Company.
• In its maiden attempt at the prestigious
3rd
Edition of the CII Pinnacle Award for
Excellence in Manufacturing, Industrial
Packaging (IP) - Navi Mumbai reached
the final round of seven in the Large
Enterprise category, after successfully
passing through two exacting rounds of
the competition. Special Recognition for
OutstandingPerformanceinthedomains
of Production, Technology, Policy,
Market Dynamics, Behavioural Aspects,
Sustainability and Collaboration, was
conferred on IP - Navi Mumbai. The
recognition was handed over to Balmer Lawrie Executives at an Award ceremony held on 22nd
March
2024, at Hotel Taj Mahal Palace, Mumbai.
ISSUE 46, April 2024
11
13. Our company celebrated its 158th
Foundation Day on 1st
February 2024. To mark this occasion a function
was organised at Eco Park, Kolkata on 4th
February which was attended by the Board of Directors,
employees and their families. The function was inaugurated by Mr. Adika Ratna Sekhar, C&MD, Balmer
Lawrie. The programs included distribution of long service awards and a musical performance by the
Balmer Lawrie band “Tarana”. Talent Hunt, Musical Quiz, Rangoli, Photography, Short Video, Painting,
Group Photography and Sit and Draw competitions were organised besides inter-departmental cricket
(for both men and women) and football tournaments, which witnessed enthusiastic participation from
the employees. The program ended at a high note with a celebrity performance.
Long Service Award
ISSUE 46, April 2024
13
15. Football Tournament
Various competitions were held as part of the Foundation Day celebrations. The prizes were given away
on 4th
February during the function at Eco Park.
Winner – G&L, Kolkata Runner-up – Corporate IT, Kolkata Highest Scorer – Santanu Bera,
Corporate IT
Best Goalkeeper – Subhadip Chattaraj, G&L Player of the Tournament – Ashutosh Das, G&L
Cricket Tournament (Men – Seniors)
Winner – Team Mirage Runner-up – Team Rudra Best Bowler – Abhijit Ghosh, Director
[HR & CA]
Best Batsman – Mantha Sanyasi Rao, Administration Player of the Tournament - Adhip Nath Palchaudhuri,
Director [Service Businesses]
ISSUE 46, April 2024
15
16. Cricket Tournament (Women)
Winner – Team Agni Runner-up – Team Vayu Player of the Tournament - Sumitra
Bhattacharyya, A&F
Best Bowler – Abira Guha, CHRD Best Batter – Susmita Dey, CHRD
Cricket Tournament (Men)
Winner – CFS, Kolkata Runner-up – G&L, Kolkata
Best Bowler – Subhadip Chattaraj, G&L Best Batsman and Player of the Tournament – Rahul
Tiwari, CFS
Organisational Gazette
16
17. Departmental Group Photography Competition
1st
– Logistics Services
1st
– Secretary’s Department
2nd
– Regional HR-ER
ISSUE 46, April 2024
17
29. The Foundation Day celebrations at Mumbai on 4th
February 2024 commenced with lighting of the lamp
by the Senior Leadership team in the Western Region. During the function long service awards were
given away and various programs like orchestra, magic show, dance performances, mimicry and stand-
up comedy, spot quiz contest, fun games for children and special games for ladies, 360 deg. selfie booth
etc. were organised. Overall, it was a fun filled show with the employees and their families enjoying the
cultural events and games thoroughly.
FOUNDATION DAY CELEBRATIONS IN THE NORTHERN
REGION
ISSUE 46, April 2024
29
32. In the Northern Region the Foundation Day celebrations were organised in the Major Dhyan Chand
National Stadium at New Delhi. The program commenced with releasing of Balmer Lawrie coloured
balloons. The various programs included sit and draw contest for children, races, musical programs,
just a minute games and long service award distribution amongst others. The winners were given away
attractive prizes. The employees and their families had a great day and cherished every moment.
The winners of the competitions were given away attractive prizes.
Rangoli Competition washeld on 1st
February 2024 at the Northern Region Office in Okhla, New
Delhi
1 Rangoli Competition
1st
Travel Commercial Team – Ruchika, Priya Vats, Divya Sinha, Jatin Bhutani
2nd
HR Team – Maninder Kaur, Suaib, Sakshi, Vinod Singh, Nidhi Saini
3rd
Prize Counter Team (Travel) – Shweta Lama, Karishma, Ravi, Jyoti
Consolation IT Team (Travel) – Rajesh, Sangeeta Barua
Consolation Accounts Team
Various competitions were held on 4th
February 2024 at the Major Dhyan Chand National Stadium,
New Delhi.
1 Drawing
competition -
below 5yrs
1st
- Riddhima d/o Mr. Ritesh Ranjan, Travel
2nd
- Nayra d/o Bharat Sharma, G&L
3rd
- Rishika d/o Mr. Ritesh Ranjan, Travel
Consolation - Darshit s/o Mr. Debashish Mallick, Travel
2 Drawing
competition -
below 10yrs
1st
- Tanishq s/o Ms. Shilpi Bhugra, Travel
2nd
- Uday Vir Singh s/o Ms. Baljinder Kaur, Travel
3rd
- Dishita d/o Mr. Debashish Mallick, Travel
3 Drawing
competition –
below 15yrs
1st
- Satij s/o Mr. Harihar Yadav, Travel
2nd
- Apurva s/o Mr. Ashwini Kumar, Travel
3rd
- Nancy d/o Mr. PP Gautam, Travel
4 Girls Race below
10 yrs
1st
- Bhavya d/o Mr. Inder Kumar, Travel
2nd
- Priya d/o Mr. Jalaj Joshi, RHR (Legal)
3rd
- Bhavnika d/o Mr. Jitender, Travel
Organisational Gazette
32
33. 5 Boys Race below
05 yrs
1st
- Hiren Singh s/o Mr. Satish Kumar, LS
2nd
- Yashmeet s/o Mr. Kishan Kumar, LS
3rd
- Arshiv s/o Mr. Mayank, Travel
Consolation - Divyansh s/o Deepak Thakur, Travel
6 Boys Race below
10yrs
1st
- Piyush s/o Mr. Kumar Pal, Travel
2nd
- Akash s/o Mr. Harinder, Travel
3rd
- Sarthak / Mayank s/o Ms. Neha / Mr. Gaurav, Travel
7 Girls Race below
15yrs
1st
- Nimeesha d/o Mr. Harinder Singh, Travel
2nd
- Nancy d/o Mr. PP Gautam, Travel
3rd
- Harneet d/o Mr. TP Singh, Travel
Consolation - Ishu d/o Mr. Karan Rajput, G&L
8 Boys Race below
15yrs
1st
- Varun s/o Mr. Dipesh, LS
2nd
- Yashit s/o Mr. Dinesh Chand, LS
3rd
- Anish s/o Ashok Rai, Travel
9 Tambola Mr. Ravinder Kumar (Guest)
Ms. Sangeeta Barua, Travel - IT
Mr. Madan Mohan Mukhija, Travel
Ms. Eti Srivastav, Travel
Mr. Ashok Kumar Gupta, Travel
Mr. R Makan, G&L
10 Tug of War The event was for fun and all to enjoy. There were no prizes.
11 Lucky Draw Mr. Surender Kumar, Travel
Ms Jyoti, Travel
Mr. PP Gautam, Travel
Mr. Govind Singh, IT
Mr. Inder Kumar, Travel
Foundation Day celebrations at Asaoti
ISSUE 46, April 2024
33
37. In the Southern Region as part of the Foundation Day celebrations employees and their families enjoyed
a day outing together. The long service awards were distributed on 1st
February at Manali, Chennai.
ISSUE 46, April 2024
37
38. TALENT UNLIMITED
Drawing by Arisha Sur Roy d/o Mr. Arijit Sur Roy, Corporate IT - Kolkata
Drawing by Arish Ghosh s/o Mr. Mrinal Kanti Ghosh,
Corporate IT - Kolkata
Organisational Gazette
38
39. AWARDS & ACCOLADES
Sonakshi, daughter of Mr. Arnab Ghatak, Chief Manager [Plant Automation & Modernization], Greases
& Lubricants – Kolkata is a sharp rifle shooter and has been winning awards and accolades in various
Shooting Tournaments at the national and state level. In 2023, under 10-meter open sight Air Rifle
category she secured (i) 1st
position in five different events (Individual event: 3, Team event: 2) at the
55th
West Bengal State Shooting Championship, Asansol. (ii) 1st
position in Individual event at CISCE
Regional [West Bengal & North-East Region] Games & Sports Championship, Kolkata (iii) 1st
position
in Individual event at CISCE National Games & Sports Shooting Championship, Bengaluru and (iv) 3rd
position in Team event at 67th
National School Game Championship [SGFI], Bhopal.
Sonakshi is in class IX and is rigorously preparing for her next level in the JoyDeep Karmakar Shooting
Academy at Kolkata. Hearty congratulations and best wishes to Sonakshi!
ISSUE 46, April 2024
39
40. Below are some entries of the drawing competition held for employees’
Below are some entries of the drawing competition held for employees’
children in the Eastern Region during Foundation Day celebrations:
children in the Eastern Region during Foundation Day celebrations:
Edited by Mohar Mukhopadhyay, Head - Corporate Communications, Balmer Lawrie & Co. Ltd.
Edited by Mohar Mukhopadhyay, Head - Corporate Communications, Balmer Lawrie & Co. Ltd.
Designed & Printed by Semaphore Technologies Pvt. Ltd., Kolkata.
Designed & Printed by Semaphore Technologies Pvt. Ltd., Kolkata.
This House Journal contains information relating to Balmer Lawrie and is published for circulation
This House Journal contains information relating to Balmer Lawrie and is published for circulation
amongst its employees. This has no commercial value and is not sold to the public.
amongst its employees. This has no commercial value and is not sold to the public.