Andrew Yule & Co. Ltd. is an Indian manufacturing and industrial conglomerate, primarily owned by the Indian Government. It is the main company owned by the Yule Group. It is currently headquartered in Kolkata (formerly Calcutta), and has offices in the main Indian cities. The majority of the products and services offered by the company's subsidiaries are related to heavy industry and engineering. History The business was founded by Andrew Yule in 1863 and incorporated as a private company in 1919. During British Raj the company was a large conglomerate. The company had varied and diversified business interests ranging from jute, cotton, coal, tea, engineering, electrical, power, chemicals, insurance, railways, shipping, paper, printing apart from maintaining a zamindari and managing house of several companies in India. The company was managed by Andrew Yule and his brother George Yule and later by David Yule. The Bengal Coal Co was part of Andrew Yule group holding collieries in Bengal & Bihar. The company was turned into a public company in 1948, after India's independence from the British Empire. It became a central public sector enterprise (CPSE) (schedule B company) in 1979, after the Indian government completed a series of equity share acquisitions (49% in 1974 and 2% in 1979). As of 2011, the shareholders are the Indian government (97.46%), Financial Institutions (0.33%), and the remainder publicly traded (2.21%). Company organization Andrew Yule & Co. is a public sector company under the Ministry of Heavy Industries. Engineering division The engineering division is located in Kalyani, West Bengal, and produces industrial fans and blowers, air pollution control equipment, water treatment plants, heavy machinery, and engineering turnkey contracts. Electrical division The electrical division produces power and distribution transformers, high voltage switching gear, low voltage control gear, flame proof switch gear, voltage regulators and rectifiers, plant communication, and fire alarm and detection systems. The switchgear and electrical systems group is located in Kolkata, while the transformer & switchgear unit is located in Chennai. Tea division The tea division comprises fifteen tea estates, listed below. Five of these are in West Bengal and ten in Assam. Mim Tea Estate in Darjeeling, West Bengal Four tea estates clustered together near Banarhat town in the Dooars region of Northern West Bengal Karbala Tea Estate Banarhat Tea Estate Choonabhutti Tea Estate and New Dooars Tea Estate Ten tea estates in Assam: Khowang, Bhamun, Hingrijan, Basmatia, Desam, Tinkong, Rajgarh, Hoolungoorie, Murphulani