YEAR EVENTS 1919 - The company was incorporated on 26th May, for the purpose of acquiring and continuing the managing Agency business of the firm of Andrew Yule & Company which had been established in India in 1863. The Company carries on business as general merchants, traders, agents and dealers in shares, stocks, and securities. It also runs an engineering division which produces a wide range of machinery and equipment including `Sirocco' and `PEW' products. - The Company's engineering division has facilities for producing specialised ferrous and non-ferrous heavy castings and intricate fabricated items and also manufacturer river and coastal crafts. - The Company also has a factory which produces, among other things, electrical equipment like switch-fuses, switchboards, circuit breakers, metering kiosks, control panels, drop out fuses, feeder pillars, cable joint and terminal boxes, flamerproof air circuit breakers and lightning transformers, transductors, voltage regulators, rectifiers and power transformers. - As Managing Agency House, the Company was intimately connected with tea, jute, coal, electric power generation and distribution, in addition to its traditional business activities. 1967 - Equity shares subdivided. 6,00,000 Bonus Equity shares issued in prop. 2:3. 5,000 Pref. and 1,00,000 Equity shares issued to Davidson & Co., Ltd. Belfast, upon merger of Davidson of India Pvt. Ltd. with the Company. 1968 - 3,00,000 No. of equity shares issued at par through prospectus. 1,00 - 9% Pref. 1,00,000 No. of Equity shares issued without payment in cash to members of steam a Mining Equipment (India) Pvt. Ltd. on merger. 1976 - A letter of intent received for the belting project was converted into an industrial licence. - In order to ensure that the belting project became viable at the earliest, the Company finalised a technical collaboration agreement with BTR Belting, Ltd., U.K., to provide technology for the manufacture of synthetic fibre reinforced rubber conveyor belts. - Calcutta Discount Co., Ltd. was amalgamated with the Company with effect from 1st January. - 22,790 - 4.5% Pref. shares held by Calcutta Discount Co. Ltd. were cancelled upon merger with the Company. 1977 - An agreement was entered into with BETHE, GmbH, West Germany for providing technical know-how for the manufacture of air pollution control equipment. - A technical collaboration agreement was also finalised with Davidson & Co. Ltd., U.K., for their entire range of products including the static and dynamic components for heavy duty fans. 1978 - The company also entered the field of electrical equipment manufacture by virtue of its acquisition of Steam & Mining Equipment (India) Private Ltd., effective from 1st July. - The Company acquired the entire business of Davidson of India Pvt. Ltd., which along with port Engineering works Ltd. was amalgamated with the Company with effect from 1st July. - The Company also acquired the business of steam & Mining (Switchgear) Ltd., an associate to Steam & Mining Equipment (Ind) Pvt. Ltd. effective from 1st July. - The Company also acquired the business of Steam & Mining Equipment (India), Pvt. Ltd. The Company closed down its marketing activities. - Hooghly Printing Co., Ltd. with an issued and paid up capital of 1,89,500 No. of equity shares of Rs 10 each is a wholly owned subsidiary of the Company. 1982 - 51,82,834 No. of Equity shares issued for cash par. 1983 - The Company received a Letter of Intent for the manufacture of material handling equipment and there was a search for identifying a suitable technical collaborator to diversify into this field. - The Air Pollution Control Equipment Unit received a Letter of Intent for the manufacture of Wet suppression dust control system. A technical collaboration agreement for this purpose, was executed with B.J. Devaux & Co., U.K. This unit proposed to diversify into the design and manufacture of high capacity electrostatic precipitators for thermal power stations. A technical collaboration agreement for the manufacture of this product was executed with Peabody Sturtevant Ltd., U.K. - The Electrical Unit took up diversification programmes into the fields of electronics, mine communication and safety devices. - The Belting Division successfully implemented the technology for the manufacture of polyester cord fan and vee belts under the brand name of `YULE SHAKTI' in technical collaboration with Goodyear India, Ltd. - The Company entered into a technical collaboration agreement with BETH GmbH, West Germany for transfer of technology in connection with the manufacture of Bethfulls which is an improved model over Bag Filters. - Two more technical collaboration agreements were executed with two U.K. companies and B. J. Devaux & Co., and Peabody Sturtevant, Ltd., for the manufacture of west supression dust control system and electrostatic precipitators respectively. - The Government nationalised the undertaking of Transformer & Switchgear, Ltd., Chennai and vested the assets thereof with the Company with effect from 8th November. As a result, this undertaking became a unit of the Company. - The Company's investment subsidiaries viz., Clive Row Investment Holding Co., Ltd. and Chitpore Golabari Co., Ltd. were amalgamated with the Company with effect from 31st March. - 52,630 No. of Equity shares allotted to the minority shareholders of CRIHCO in term of amalgamation scheme. 2,96,300 No. of equity shares allotted to Government of India. 1985 - The belting division took steps to instal a few additional equipment during the year to increase the production capacity of `YULE SHAKTI' polyester fans and vee belts. - The Company obtained necessary approval for a project to manufacture steel cord reinforced rubber conveyor belting. 1986 - A proposal for the transfer of latest technology for the manufacture of pole mounted switchgears and sectionalizers under the existing agreement with Togami Electric Manufacturing Co., Ltd., Japan, was undertaken during the year. 1987 - A new factory was inaugurated on 10th October. With the installation of balancing equipment, production of conveyor belt and fan and Vee belts increased. - Effective from 26th August, the Company's six tea subsidiaries viz., Banarhat Tea Co., Ltd., Basmatia Tea Co., Ltd., Hoolungooree Tea Co., Ltd., Mim Tea Co., Ltd., Murphulani (Assam) Tea Co., Ltd. and the Rajgarh Tea Co., Ltd., were amalgamated with the Company. - As per the scheme of amalgamation, the Company allotted without payment in cash preference and equity shares to the amalgamated tea companies as: 2,217-6 1/2% Cumulative Preference shares of Rs 100 each. 9,259 - 9.3% Cumulative Preference shares of Rs 100 each; and 18,82,714 No. of Equity shares of Rs 10 each. - The undertaking of Brentford Electric (India), Ltd. was nationalised vide the Brentford Electric (India), Ltd. Act, 1987 with effect from 1st April, 1986 and all the rights, titles and interest in relation to the said undertaking was vested with the Company. 1988 - The electrical unit entered into a collaboration agreement with Metronex Ltd., Poland for manufacture of sophisticated mining electronic equipment. This is in addition to the collaboration with Togami Electric Mfg. Co., Ltd., Japan for production of Vacuum Circuit breakers. 1989 - The engineering division proposed to introduce new products to make good its poor performance. - The engineering division developed various electronic products such as flame proof and intrinsically safe sequence controller with pre-start alarm and communication system incorporating required modification suggested by the Department of Electronics. - Necessary steps were taken for the manufacture of synthetic fibre reinforced conveyor belting. - 9%, 6.5% and 9.3% Pref. shares redeemed 11,57,600 No. of equity shares issued to Govt. of India against the compensation paid by for acquiring Brentford Electric India Ltd. and Transformer and Switchgear Ltd. 1990 - A collaboration agreement was entered into with the Department of Electronics for the manufacture of Linear Accelerator machines used for cancer therapy. 1991 - The Company entered into a collaboration agreement with M&I Heat Transfer products of Canada to acquire technical knowhow for the manufacture of specialised air handling and air ventilation equipment having critical application in nuclear power projects, defence, steel and petrochemical industries. - As a result of the amalgamation of Steam & Mining Equipment (India) Private Limited, the Company acquired a 50% interest in Brentford Electric (India) Limited, for whom the Company now acts as sole selling agents. 1992 - Yule Red launched was well received in the market. `Yule Dust' launched in the second half of the year also received encouraging response. - The electrical unit undertook to manufacture EPABX and ERAX equipment based on C-Dot technology. the Togami unit proposed to import SF-6 gas filling plant from Germany for production of gas filled bottom chambers for capacitor switches leading to import substitution. - The Brentford unit entered into a Technical collaboration agreement with Daihen Corporation Ltd., Japan for manufacture of Automatic Step Voltage regulators. - The Company finalised technical collaboration agreements with Togami Electric Manufacturing Co., Ltd., Japan for the manufacture of the following products: 3.3 KV airbreak contractors and isolators; block type airbreak LT contactors; bi-metallic overload relays and moulded case circuit breakers. 1993 - A technical collaboration agreement was signed with Mushroom Consulting J. Huys, B. V. Holland for cultivation of white button mushrooms. - The Company also undertook to use modern technology for setting up a Horticulture and tissue culture project. 1994 - In the engineering division, manufacture of specialised air handling air ventilation equipment and isolation dampers for nuclear power plants was held up due to technical problems. - The belting division faced acute crisis due to lower order intake as the orders were spread out over sector and time period. - Due to liquidity crisis, the Company was not able to implement its diversification activities viz., export oriented agro based products. It was proposed to set up a new Company Yule Agro Industries Ltd. to take over the said agro based products. - Andrew Yule & Company, has introduced a voluntary retirement scheme to trim down its workforce in engineering and electrical divisions. 1998 -Joint venture with Phoenix AG of Germany for the belting division has been further delayed as its bans want a part of the money received by Yule from the sale of a 74 per cent stake in the loss-making division 1999 -Phoenix AG of Germany has picked up 74 per cent stake in the belting division of Andrew Yule & Co an ailing public sector undertaking (PSU) for a consideration of around Rs 35 crore. -submitted a revival-cum-restructuring proposal for its engineering division to the Centre for its consideration. 2000 -Acepted and prematurely retired a few of its employees based on undated voluntary separation applications given by them. 2001 -Shri Arindom Mukherjee appointed as Chairman and Managing Director of the company -Offer Voluntary Retirement Scheme (VRS). Voluntary retirement scheme fails to achieve its objective as the management was not able to release union staff members, mainly clerks and workmen, who opted for the VRS at its head office 2002 -Approves issue and allotment of fresh 2,900,000 Equity Shares of Rs 10 each to the Central Government in the name of the President of India in conversion of the financial assistance of Rs 29,000,000 sanctioned and disbursed to the Company by the Central Government. 2003 -Board approves the issue & allotment of fresh 43,05,000 equity shares of Rs 10 each at par to the Central Government in the name of the President of India in conversion of the financial assistance of Rs 43.050 million sanctioned and disbursed to the company by the Central Government 2004 -Phoenix Yule receives 'Highest Export Award in the non-tyre segment 2009 -Andrew Yule & Company Limited has won the prestigious `SCOPE' Award for Excellence and Outstanding Contribution - Turnaround Category for 2008-09. 2011 -The Company has bagged the prestigious BRPSE Turnaround Award 2011 2012 -Andrew Yule & Co. Ltd. has won the prestigious MoU Excellence Award 2014 -FICCI West Bengal State Council in partnership with Public Health Engineering Department. 2021 -NCLT has issued order for merger of Hooghly Printing Co. Ltd. with its holding Company, Andrew Yule & Co. Ltd.