Top 10 Old Indian Companies Which Are Still Running Well

Top 10 Old Indian 

Companies Which Are Still 

Running Well

The future pace of organizations is contracting quickly world over. As per administration master Steven Denning, the future pace of Fortune-500 organizations has decreased from around 75 years during the 1950s to under 15 years now. Challenging this normal, a rundown of Indian organizations has been in presence for more than 100 years — and a few of them are as yet going solid.

1. BOMBAY DYEING COMPANY: New knots in business

• Year of Inception:1879
• Headquarters: Mumbai
• Promoters: Public shareholders and Nusli Wadia Family

• The company has potential to metamorphosis and modernize has helped it to endure.” The company’s profit margins have shrunk significantly since 2013–14. In the last financial year, Bombay Dyeing suffered a loss of Rs 85.24 crore. 
• In the near future, the company intends to outsource textile manufacturing to decline cost. Strengthening of the 'Bombay Dyeing' brand is also on the cards.

2. SHALIMAR PAINTS: Coming soon, a fresh coat

• Year of Inception:1902 
• Headquarters: Gurgaon 
• Promoters: Public shareholders and Jindal family

• We have several institutional coherent habitues who have stayed with us for more than three progenitors." The company has made rapid strides in the recent past, moving from ubiquitous distempers to emulsion paints. 
• Today Shalimar boasts of giving 55,000 color options to its clients. The company recorded a profit of Rs 5.2 crore on a sales turnover of Rs 403 crore last fiscal. 

3. THE BOMBAY BURMAH TRADING CORPORATION: Good going, touch wood

• Year of Inception: 1863 
• Headquarters: Mumbai 
• Promoter: Public shareholders and Nusli Wadia Family

• The company Bombay Burmah Trading Corporation (BBTC ) ventured into Rangoon subsequently, sighting good business prospects. 
• BBTC is currently engaged in plantations (tea and coffee), auto electric components, healthcare, real estate, and weighing products businesses. The company recorded a loss of Rs 33.15 crore in the last financial year.

4. OTIS ELEVATOR COMPANY: Still riding high In India

• Year of Inception: 1892
• Headquarters: Mumbai 
• Promoter: United Technologies Corp

• We want to make exclusive elevators that will encounter the surging aspirations of our customers." Otis started actual production some six decades ago. 
• The company has a manufacturing plant in Bengaluru, which produces 10,000 units every year. Otis has 2,600 employees in India. 

5. ALEMBIC PHARMACEUTICALS: Sweet pill to swallow

• Year of Inception: 1907 
• Headquarters: Vadodara 
• Promoters: Publicly shareholders and Chirayu Amin family

• Our forte is that we respect technology, We never ever backed out of providing capital for technology," Alembic Pharmaceuticals reported profits of Rs 698 crore last fiscal. 
• The company's international generics vertical reported 75 percent Y-o-Y growth, driven by strong traction in the US.

6. PARRY & CO (NOW EID-PARRY LTD): Sweet business

• Year of Inception: 1839 
• Headquarters: Chennai 
• Promoters: Public shareholders and Murugappa Group

• The company's performance was up to the mark, predominantly due to nominal price realization on sugar. Going by the current trend in prices, the sugar scenario for the year remains pragmatic." 
• EID Parry reported profits of Rs 25.34 crore in the first quarter of this fiscal compared with the corresponding quarter loss of Rs 138 crore in the previous year. 
• The standalone sugar business of the company logged a PBIT (profit before interest and tax) of Rs 56 crore. The bio-products division (comprising pesticides and nutraceuticals) registered a PBIT of Rs 4 crore. 

7. KAMARHATTY COMPANY LTD: Recast in a brand new package

• Year of Inception:1887 
• Headquarters: Kolkata 
• Promoter: BP Agarwal

• We're still in the overhaul phase. It took us a long time to turn around," In the last financial year, Kamarhatty recorded profits of Rs 1.5 crore. 
• The company has also diversified into newer product segments like non-woven jute and linen yarns. "We'll survive for many years, we've got expansion plans".

8. TEESTA VALLEY TEA COMPANY: Hot and steaming

• Year of Inception: 1841 
• Headquarters: Kolkata 
• Promoter: Bharat Bajoria

• Discipline is the key to the triumph of any tea garden. We still follow old British traditions," Despite the regimented work method, the company ran into rough weather post-Independence, when demand (for tea) and prices declined globally. 
• The last three years have been bad for most tea companies. Global tea prices have fallen 10–15 percent and the cost of production is steadily surging up.

9. AMLUCKIE INVESTMENT COMPANY: Luck by a stance

• Year of Inception: 1876 
• Headquarters: Kolkata
• Promoters: A group of individuals

• We're remunerative in a small way. We have expansion plans to augment our business. We're actively considering venturing into microfinance and asset reconstruction businesses." 
• The company in the mid-90s, it just had a capital base of Rs 20 lakh and a functional non-banking finance company (NBFC) license for tea garden.

1. JOINT STOCK INDIAN BANKS: Stress hits home, finally Promoters 

• Public shareholders and India Government  Banks Allahabad Bank, Punjab National Bank, Bank of India, Corporation Bank, Canara Bank, Indian Bank, Bank of Baroda, Punjab & Sind Bank, Central Bank and State Bank of Mysore. 
• These banks survived long mainly because of nationalization in 1969. The government-induced capital and also gave the business to these banks to stay afloat The 'HUF-way' (Hindu Undivided Family) of doing business. 
• They failed to even grasp the 'chopda' system of book-keeping, prevalent among traditional Indian business families. This resulted in the setting up of banks like Allahabad Bank (1865) and Punjab National Bank (1895), with many influential Indians of those times on the board. Allahabad Bank is the oldest public sector bank in India.

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