Andrew Yule & Company Ltd
NSE: ANDREWYU BSE: 526173
₹21.12
(-0.71%)
Wed, 25 Feb 2026, 10:29 am
Market Cap10.4B
PE Ratio96.39
Dividend0
Producer Manufacturing
Industrial Machinery
24.5KCompany History
1919
- Incorporated on 26 May to acquire and continue managing agency business of Andrew Yule & Company established in 1863.
- Carries on business as general merchants, traders, agents, and dealers in shares, stocks, securities.
- Engineering division produces machinery including Sirocco and PEW products, ferrous/non-ferrous castings, fabricated items, and river/coastal crafts.
- Factory produces electrical equipment including switch-fuses, switchboards, circuit breakers, metering kiosks, control panels, and transformers.
- Managing agency connected with tea, jute, coal, and electric power generation/distribution.
1967
- Equity shares subdivided.
- Issued 600,000 bonus equity shares in proportion 2:3.
- Issued 5,000 preference and 100,000 equity shares to Davidson & Co. Ltd., Belfast upon merger of Davidson of India Pvt. Ltd.
1968
- Issued 300,000 equity shares at par through prospectus.
- Issued 100,000 9% preference shares and 100,000 equity shares to members of Steam & Mining Equipment (India) Pvt. Ltd. on merger.
1976
- Letter of intent for belting project converted to industrial licence.
- Technical collaboration with BTR Belting Ltd., U.K. for synthetic fibre reinforced rubber conveyor belts.
- Amalgamated Calcutta Discount Co. Ltd. effective 1 January.
- Cancelled 22,790 4.5% preference shares upon merger.
1977
- Entered agreement with BETHE GmbH, West Germany for air pollution control equipment.
- Technical collaboration with Davidson & Co. Ltd., U.K. for heavy duty fans.
1978
- Acquired Steam & Mining Equipment (India) Private Ltd. effective 1 July.
- Acquired Davidson of India Pvt. Ltd. and Port Engineering Works Ltd.; amalgamated effective 1 July.
- Acquired business of Steam & Mining (Switchgear) Ltd. effective 1 July.
- Closed marketing activities.
- Hooghly Printing Co. Ltd. became wholly owned subsidiary.
1982
- Issued 5,182,834 equity shares for cash at par.
1983
- Received Letter of Intent for material handling equipment.
- Air Pollution Control Equipment Unit received Letter of Intent for wet suppression dust control system; collaborated with B.J. Devaux & Co., U.K.
- Technical collaboration with Peabody Sturtevant Ltd., U.K. for electrostatic precipitators.
- Electrical Unit diversified into electronics, mine communication, and safety devices.
- Belting Division implemented technology for YULE SHAKTI polyester cord fan and vee belts with Goodyear India Ltd.
- Technical collaboration with BETH GmbH, West Germany for Bethfulls.
- Transformer & Switchgear Ltd., Chennai nationalised and vested with Company effective 8 November.
- Amalgamated Clive Row Investment Holding Co. Ltd. and Chitpore Golabari Co. Ltd. effective 31 March.
- Allotted 52,630 equity shares to minority shareholders of CRIHCO and 296,300 to Government of India.
1985
- Belting division installed additional equipment to increase production of YULE SHAKTI polyester fan and vee belts.
- Obtained approval for project to manufacture steel cord reinforced rubber conveyor belting.
1986
- Proposed transfer of technology for pole mounted switchgears and sectionalizers with Togami Electric Manufacturing Co., Ltd., Japan.
1987
- Inaugurated new factory on 10 October; increased production of conveyor, fan, and vee belts.
- Amalgamated six tea subsidiaries effective 26 August: Banarhat, Basmatia, Hoolungooree, Mim, Murphulani (Assam), and Rajgarh Tea Co. Ltd.
- Allotted 2,217 6.5% and 9,259 9.3% cumulative preference shares and 1,882,714 equity shares per amalgamation scheme.
- Brentford Electric (India) Ltd. undertaking nationalised effective 1 April 1986 and vested with Company.
1988
- Electrical unit entered collaboration with Metronex Ltd., Poland for mining electronic equipment.
- Continued collaboration with Togami Electric Mfg. Co., Ltd., Japan for vacuum circuit breakers.
1989
- Engineering division developed flame proof sequence controller and communication system.
- Took steps for manufacture of synthetic fibre reinforced conveyor belting.
- Redeemed 9%, 6.5%, and 9.3% preference shares.
- Issued 1,157,600 equity shares to Government of India for compensation for Brentford Electric and Transformer & Switchgear.
1990
- Entered collaboration agreement with Department of Electronics for Linear Accelerator machines for cancer therapy.
1991
- Entered collaboration with M&I Heat Transfer Products of Canada for air handling and ventilation equipment.
- Acquired 50% interest in Brentford Electric (India) Limited as sole selling agents.
1992
- Launched Yule Red and Yule Dust products.
- Electrical unit to manufacture EPABX and ERAX equipment based on C-Dot technology.
- Togami unit to import SF-6 gas filling plant from Germany.
- Brentford unit entered technical collaboration with Daihen Corporation Ltd., Japan for automatic step voltage regulators.
- Finalised technical collaborations with Togami Electric Manufacturing Co., Ltd., Japan for 3.3 KV airbreak contractors, isolators, LT contactors, bi-metallic overload relays, and moulded case circuit breakers.
1993
- Signed technical collaboration with Mushroom Consulting J. Huys B.V., Holland for white button mushrooms.
- Undertook horticulture and tissue culture project with modern technology.
1994
- Manufacture of specialised air handling and ventilation equipment delayed due to technical problems.
- Belting division faced crisis due to lower order intake.
- Due to liquidity crisis, proposed Yule Agro Industries Ltd. for agro-based products.
- Introduced voluntary retirement scheme to reduce workforce in engineering and electrical divisions.
1998
- Joint venture with Phoenix AG of Germany for belting division delayed.
1999
- Phoenix AG of Germany acquired 74% stake in belting division for Rs 35 crore.
- Submitted revival-cum-restructuring proposal for engineering division.
2000
- Accepted and prematurely retired employees based on voluntary separation applications.
2001
- Shri Arindom Mukherjee appointed as Chairman and Managing Director.
- Offered Voluntary Retirement Scheme; failed to release union staff at head office.
2002
- Approved issue of 2,900,000 equity shares of Rs 10 each to Central Government in conversion of Rs 29 million financial assistance.
2003
- Board approved issue of 4,305,000 equity shares of Rs 10 each to Central Government in conversion of Rs 43.05 million financial assistance.
2004
- Phoenix Yule received Highest Export Award in non-tyre segment.
2009
- Won SCOPE Award for Excellence and Outstanding Contribution in Turnaround Category for 2008-09.
2011
- Bagged BRPSE Turnaround Award.
2012
- Won MoU Excellence Award.
2014
- FICCI West Bengal State Council in partnership with Public Health Engineering Department.
2021
- NCLT issued order for merger of Hooghly Printing Co. Ltd. with Andrew Yule & Co. Ltd.
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