Description : Binani is now consolidating on its enviable track record. With over one and a quarter century of success, today, Binani Industries Limited ranks within the first 20, amongst the top 200 large public limited companies in terms of Capital Output Ratio, BIL has an employee strength of around 2000 people.
It was in the turbulent times of 1872, when the ancestors of Binani, Seth Pragdas & Seth Mathuradas Binani ventured into the trading of non-ferrous metals. Later on, the son of Seth Mathuradas, Seth Govardhandas, a man with profound vision, saw great potential in manufacturing rather than just trading in non-ferrous metals.
Binani Metal Works Limited in collaboration with Multicore Solders, UK came into being in 1941. The plant was set up in Howrah, West Bengal to produce non-ferrous alloys, cad, castings, powders & solder wires.
Trading operations, the forte of Binani, was also getting stronger. An Antimony Smelter joint venture in Bombay, was set up under the name of Binani Metal Works Limited.
It was in the early 50's, that the Binani's ventured in to the international market by establishing Metal Distributors UK Limited in London, as a trading and indenting house for non-ferrous metals.
Binani Metal Works Limited went public for the first time in 1953. In 1962 Binani entered into a collaboration with world leaders in the field of non - ferrous metals, Cominco Limited Canada to form Cominco Binani Zinc Limited and became the first producer of primary zinc in India.
Simultaneously Binani also entered into a technical collaboration with Revere Copper & Brass Inc., USA to produce Copper and Copper Alloy extrusions.
In 1967, Binani created a name in the world zinc industry, by pioneering the manufacture of high grade electrolytic zinc in India. The reigns of this wide spreading business were with Late Shri Ghanshyam Binani, the only son of Seth Govardhandas Binani. His individual expertise and time-honed skills steered the organisation towards many milestones ahead.
|
|