December 30, 2016

Jessop And Company


Jessop, known for its construction of the Howrah Bridge

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Jessop & Company Limited is India's oldest engineering company, established in 1788.

The history of Jessop & Co. Ltd goes back to year 1788 when Breen & Company was founded in Calcutta. In 1820, Henryand George, sons of William Jessop acquired Breen & Company on behalf of Butterley Company, which was established by William Jessop in Derbyshire. These two companies were merged in 1820 to be renamed as Jessop & Company. The company, during British Raj was a large engineering giant having its head office at 63, Netaji Subhas Road, Kolkata and large manufacturing facilities spread over 63 acres at Dum Dum

The management of company was taken over by Government of India in 1958 and subsequently in 1973, the company was wholly taken over by the Government of India and Jessop became public sector undertaking. In 1986, with the formation ofBharat Bhari Udyog Nigam (BBUNL), a public sector holding company under administrative control of two government ministries, Department of Heavy Industry and Ministry of Industry, Jessop became a subsidiary of the holding company.

In 2003 Government of India, divested its stake in Jessop & Co. Ltd under privatization programme and sold its 72% stake to Ruia group owned by Pawan Kumar Ruia.


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It appears that shares of Jessop and Co. were delisted from BSE in 2000

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 ISIN of INE298F01029. It's Registered office is at 21 & 22, Jessore Road,P. S. Dum Dum,Kolkata-700028, West Bengal. Their Registrars are ACC Ltd. It's auditors are KN Gutgutia & Co

source


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For Jessop, the oldest engineering firm in India, life had come to a full circle with the West Bengal government taking over the management of this 200-year-old entity on February 27, 2016. 

Jessop, known for its construction of the Howrah Bridge, the Parliament House and the first EMU coach in India (in 1959, before the Integral Coach Factory) became sick and was referred to Board for Industrial and Financial Reconstruction (BIFR) in 1995.

more / source


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Jessop factory fire: FIR against owner Ruia suggests ‘calculated omission’


more / source


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It appears some shares of Jessop and Company are available for Sale / Purchase with Share Dealers of Delisted Shares

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