The company, currently, is present in eight businesses—travel and vacations, industrial packaging, greases and lubricants, leather chemicals, logistics, logistics infrastructure, logistics services, and refinery and oil field services and is now well set to introduce new business verticals.
A beaming Adhip Nath Palchaudhuri, Chairman & Managing Director and Director [Service Businesses]—Additional Charge, Balmer Lawrie & Co. Ltd, has his job well cut-out and is now charting out a new growth strategy for the company—from introducing new business verticals, foraying into ethanol production, third-party logistics to promoting the start-up ecosystem.
In a free-wheeling interview with The Statesman, Palchaudhuri, outlines his plans and strategies to reach that ambitious goal.
Excerpts:
Q: Balmer Lawrie & Co. Ltd. has lined up a Capex plan of Rs 700 crore in order to achieve a revenue of Rs 6000 crore by 2030 from the current revenue of nearly Rs 2400 crore. Could you please elaborate on this—how would this fund be mobilised? How would it be utilised? How would you reach the revenue target step by step and from which vertical?
Denne historien er fra November 11, 2024-utgaven av The Statesman.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 11, 2024-utgaven av The Statesman.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Formula 1: Verstappen claims fourth drivers' title
Red Bull's Max Verstappen sealed the Formula 1 Drivers' Championship for the fourth time with an assured drive to fifth place during the Las Vegas Grand Prix even as pole-sitter George Russell and the charging Lewis Hamilton earned a one-two finish for Mercedes.
I-League: Real Kashmir open account with win against Rajasthan United
Real Kashmir began their I-League 2024-25 season with a 2-0 victory over Rajasthan United FC at the TRC Ground on Sunday.
IPL 2025 auction: Rishabh Pant becomes most expensive player
Star India wicketkeeper-batter Rishabh Pant became the most expensive player in the history of the Indian Premier League (IPL), being bought by Lucknow Super Giants (LSG) for a massive Rs 27 crores during the ongoing Indian Premier League (IPL) mega auction at Jeddah on Sunday.
Unholy nexus against India
The volatility is almost synonymous with the northeastern region of India. This is not merely internal resentment but also a threat from external and transborder elements as well.
BGT: Jaiswal, Kohli tons set up India for emphatic win over Oz
Captain Bumrah, Mohammed Siraj reduce Australia to 12/3 inside 26 balls
Startup Corner: ‘All my zero chemical products are custom made, as per skin type of customer’
Like many other women entrepreneurs, she also had to break glass ceilings to reach where she is today. She had to face more challenges than one, including societal expectations, gender biases, limited access to resources or networks, access to funding, and last but not least, balancing work with household chores.
20 people killed in IO days, AF SPA back, NPP withdrawssupport; Manipur mess now murkier
After nearly 20 months of runaway violence in an Indian state called Manipur, where the writ f the state does not seem to extend beyond the 1 0-kilometre square of the capital, Imphal, and more than 250 people have been killed, 60,000 rendered homeless, and thousands of houses demolished and erased from the face of the earth, Manipur is back in the news once again.
From poll impact to IPOs: Key things to watch this week on Dalal Street
The GDP growth for July-September 2024 quarter is expected to be a tad lower than the 6.7 per cent growth seen in June 2024 quarter
Foreign investors pull out ₹26,533 crore in November owing to increasing China allocations
Foreign investors have pulled out Rs 26,533 crore in November, so far, from the Indian equity market, data from the repositories suggested.
India turning into world's Deep Tech Hub as reforms reverse brain drain
India's image as the 'IT Outsourcing Centre' has now transformed into a new identity as a 'Deep Tech Hub' due to the reforms undertaken by the government to promote innovation, Petroleum Minister Hardeep Singh Puri said on Sunday.
