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Braithwaite and Co. Limited
Company type	Public sector undertaking
Industry	Heavy equipment; Structural steel; Rail wagon; Foundry products; Machinery;
Founded	1913; 112 years ago in Calcutta, Bengal Presidency, British India; (as a subsidiary of Braithwaite & Co. Engineers Limited (U.K.)) ; 28 February 1930; 94 years ago ; (as Braithwaite & Co (India) Ltd)
Headquarters	Kolkata, West Bengal, India
Key people	Ashwini Vaishnaw ; (Minister of Railways) ; Salim G Purushothaman ; (Chairman & Managing Director);
Revenue	₹1,103.91 crore (US$130 million) (2024)
Net income	₹16.47 crore (US$1.9 million) (2024)
Owner	Ministry of Railways, Government of India
Website	www.braithwaiteindia.com

Braithwaite & Co. Limited is an Indian public sector undertaking which is engaged in the manufacture of railway wagons, cranes and other engineering services. It is wholly owned by the Government of India and under the administrative control of the Ministry of Railways. Its headquarters are located at Kolkata, West Bengal.

Manufacturing units

The company has three units – Clive Works, Victoria Works both in Calcutta, and Angus Works in Hooghly District, West Bengal. From 2010 the administrative control of the subsidiary has been taken over by the Indian Railways.^[3]^[4]^[5]

History

The company was established in 1913 as the Indian Subsidiary of Braithwaite & Co. Engineers Limited (U.K.), for the fabrication of structural steel works.
In 1930, it was incorporated as Braithwaite & Co (India) Ltd at Calcutta.
In 1960, Braithwaite's Angus Works located at Champdani was set up to manufacture cranes, foundry products, machinery components, etc.
In 1976, the company was nationalized and taken over by Government of India
In 1978, the Project Division was established at Calcutta to execute turnkey projects for material handling plants.
IN 1986, the company was one of five government undertakings, all of them related to heavy engineering and located in eastern India, which was placed under the umbrella of Bharat Heavy Udyam Ltd, a newly devised holding company
In 1987, the Victoria Works was taken over, which is equipped with all facilities for the manufacture of pressure vessels, railway wagons, and heavy structurals for bridges and other engineering applications.
In August 2010, the administrative control of the company was taken over by the Ministry of Railways.

Present status

In 1986, Braithwaite & Co., Ltd. came under the umbrella of Bharat Bhari Udyog Nigam, which became holding company of five companies in eastern India,^[3] namely:

Braithwate & Co. Ltd,
Burn Standard Company
Bharat Wagon and Engineering
Braithwaite, Burn & Jessop Construction Company
Jessop & Co. Ltd (this company was later privatized)

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.^[6] Today Braithwaite is an engineering conglomerate that manufactures:

Railway wagons & bogies
Heavy-duty cranes
Structurals
Jute mill machinery and
Forging & casting jobs.^[3]^[4]

Financials

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]

Miniratna category-I status

Braithwaite & Co, under the UPA 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.^[7]

References

^ "Salim G. Purushothaman assumed additional charge of CMD, BCL". www.psuconnect.in. Archived from the original on 31 May 2023. Retrieved 31 May 2023.
^ ^a ^b ^c "Braithwaite and Co Limited - Acuité Ratings & Research Limited" (PDF). www.acuite.in. Retrieved 30 August 2024.
^ ^a ^b ^c "Bharat Bhari Udyog Nigam Limited". Archived from the original on 17 September 2011. Retrieved 2011-12-19.
^ ^a ^b "Braithwaite and Company Limited - Kolkata - Railway Components manufacturers and suppliers". Archived from the original on 23 April 2012. Retrieved 2011-12-19.
^ "Yatish Kumar appointed as Chairman, MD of Braithwaite". The Economic Times. Archived from the original on 8 April 2023. Retrieved 18 July 2020.
^ "Home". bbunl.com. Archived from the original on 7 January 2012. Retrieved 19 December 2011.
^ NYOOOZ. "Mini Ratna-I status for Braithwaite & Co | Kolkata NYOOOZ". NYOOOZ. Archived from the original on 13 January 2022. Retrieved 12 January 2022.

External links

Braithwaite

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[1] "Salim G. Purushothaman assumed additional charge of CMD, BCL". www.psuconnect.in. Archived from the original on 31 May 2023. Retrieved 31 May 2023.

[2024FY-2] "Braithwaite and Co Limited - Acuité Ratings & Research Limited" (PDF). www.acuite.in. Retrieved 30 August 2024.

[a-3] "Bharat Bhari Udyog Nigam Limited". Archived from the original on 17 September 2011. Retrieved 2011-12-19.

[b-4] "Braithwaite and Company Limited - Kolkata - Railway Components manufacturers and suppliers". Archived from the original on 23 April 2012. Retrieved 2011-12-19.

[:0-5] "Yatish Kumar appointed as Chairman, MD of Braithwaite". The Economic Times. Archived from the original on 8 April 2023. Retrieved 18 July 2020.

[6] "Home". bbunl.com. Archived from the original on 7 January 2012. Retrieved 19 December 2011.

[7] NYOOOZ. "Mini Ratna-I status for Braithwaite & Co | Kolkata NYOOOZ". NYOOOZ. Archived from the original on 13 January 2022. Retrieved 12 January 2022.

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Braithwaite & Co.