Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the 157 years gone by, today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 2383 crores and a profit of Rs. 154 crores.
Balmer Lawrie & Co. Ltd. is a diversified Indian conglomerate specializing in manufacturing, services, and logistics, with key operations in Industrial Packaging, Travel & Vacations, Greases & Lubricants, Chemicals, Refinery & Oil Field Services, Cold Chain, and Logistics Infrastructure.
Balmer Lawrie & Co. Ltd. adheres to robust corporate governance practices, emphasizing transparency, accountability, and ethical conduct to ensure sustainable business growth and stakeholder trust.
Balmer Lawrie & Co. Ltd. regularly invites tenders for various projects and services, promoting fair competition and transparency in procurement to ensure high-quality and cost-effective solutions.
Balmer Lawrie & Co. Ltd. actively engages with media through press releases, events, and updates, ensuring stakeholders are well-informed about the company's latest developments and achievements.
The company is managed under the overall guidance of the Ministry of Petroleum & Natural Gas by a Board of Directors comprising experienced professionals.
The long-term credit rating of the Company reaffirmed by ICRA Limited as on 10th May, 2024 is “[ICRA] AA+(Stable)” and the short-term credit rating for the Company is “[ICRA] A1+”.
The credit rating for the Long Term / Short Term Bank Facilities reaffirmed by CARE Ratings Limited on 1st January, 2024 is “CARE AA+; Stable / CARE A1+ (Double A Plus; Outlook: Stable/A One Plus)” and the credit rating for the Short Term Bank Facilities reaffirmed by CARE Ratings Limited on 1st January, 2024 is “CARE A1+ (A One Plus)”.