Ballarpur Industries Limited (BILT) is a subsidiary of Avantha Group, and was once india's largest manufacturer of writing and printing paper. The current chairman of the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.[1]
BILT subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry program in several states in India.[2]
BILT has six manufacturing units across India, which give the company geographic coverage over most of the domestic market. BILT has a dominant share of the high-end coated paper segment in India. The company accounts for over 50% of the coated wood-free paper market, an impressive 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.[3]
In 2007, Ballarpur Industries Limited (BILT), acquired Sabah Forest Industries (SFI) of Malaysia in its first overseas acquisition.[4] This acquisition transformed BILT into a major regional player in the paper industry and elevated the company's global ranking to be among the top 100 paper companies worldwide. It also entered into a partnership with Red Roses Publications, Norway in 2013, which is owned and managed by a multi-billionaire.[5]
Lala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw Board Mills Limited, with 'Three Aces' (paper) and 'Wisdom' (stationery) being its first two brands. In 1969, Shree Gopal Paper Mills Limited in Yamunanagar was merged with the company. In 1975, the organization was renamed Ballarpur Industries Limited.[6]
In the 1990s the company was under siege from Southeast Asian companies, who set up greenfield projects in India. However, in 2001, Ballarpur Industries turned around and was able to buy out its Indonesian competitor's Sinar Mas Group Indian division and entered into a partnership with Red Roses Publications, Norway.
The name BILT emerged after a corporate rebranding exercise in 2002.
The company also has one of its office in Sabah, Malaysia.
Financials and bankruptcy processedit
The company has been reporting losses for numerous financial years[8] and was taken to the bankruptcy court by its lenders on January, 2020. BILT's major lenders include SBI, ICICI Bank, Axis Bank, IDBI Bank and Finquest Financial Solutions.[9]
Due to poor internal performance of the company, its stock has fallen more than 95% in a span of three years (as of March, 2020). The equity shares of BILT are listed on National Stock Exchange of India and Bombay Stock Exchange.[10]
On March 31,2023 NCLT Mumbai approved Finquest Financial Solutions bid to acquire Ballarpur Industries
Referencesedit
^"BILT: Growing aggressively". @businessline. 22 March 2007. Retrieved 13 October 2020.
^Mishra, Bisheshwar (19 March 2007). "BILT buys paper mill in Malaysia for $261 mn". The Times of India. Retrieved 13 October 2020.
^. 15 July 2011. Archived from the original on 15 July 2011. Retrieved 13 October 2020.
^Vanar, Muguntan. "India's Ballarpur takes over SFI". The Star. Retrieved 15 December 2023.
^"India's Ballarpur takes over SFI | The Star". www.thestar.com.my. Retrieved 13 October 2020.
^"Ballarpur Inds.: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Ballarpur Inds. - NDTV". www.ndtv.com. Retrieved 13 October 2020.
^. bilt.com. Archived from the original on 17 February 2004. Retrieved 6 June 2022.
^"BSEINDIA". www.bseindia.com. Retrieved 13 October 2020.
^Rebello, Joel. "Thapar Group's BILT in bankruptcy court". The Economic Times. Retrieved 13 October 2020.
^"Introducing Ballarpur Industries (NSE:BALLARPUR), The Stock That Collapsed 98%". 15 March 2020. Retrieved 13 October 2020.
External linksedit
BILT
January 01, 1970
ballarpur, industries, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, . This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Ballarpur Industries news newspapers books scholar JSTOR July 2014 Learn how and when to remove this message This article s tone or style may not reflect the encyclopedic tone used on Wikipedia See Wikipedia s guide to writing better articles for suggestions December 2008 Learn how and when to remove this message Learn how and when to remove this message Ballarpur Industries Limited BILT is a subsidiary of Avantha Group and was once india s largest manufacturer of writing and printing paper The current chairman of the company is Gautam Thapar who succeeded his late uncle L M Thapar 1 Ballarpur Industries LimitedCompany typePublic companyTraded asBSE 500102Founded1945FounderLala Karamchand ThaparHeadquartersGurgaon IndiaKey peopleGautam Thapar Chairman and CEORevenueUSD 70 MillionWebsitehttp www bilt com BILT subsidiaries include Sabah Forest Industries SFI Malaysia s largest pulp and paper company and BILT Tree Tech Limited BTTL which runs BILT s farm forestry program in several states in India 2 BILT has six manufacturing units across India which give the company geographic coverage over most of the domestic market BILT has a dominant share of the high end coated paper segment in India The company accounts for over 50 of the coated wood free paper market an impressive 85 of the bond paper market and nearly 45 of the hi bright Maplitho market besides being India s largest exporter of coated paper 3 In 2007 Ballarpur Industries Limited BILT acquired Sabah Forest Industries SFI of Malaysia in its first overseas acquisition 4 This acquisition transformed BILT into a major regional player in the paper industry and elevated the company s global ranking to be among the top 100 paper companies worldwide It also entered into a partnership with Red Roses Publications Norway in 2013 which is owned and managed by a multi billionaire 5 Contents 1 History 2 Locations 3 Financials and bankruptcy process 4 References 5 External linksHistory editLala Karam Chand Thapar established company in 1945 as Ballarpur Paper and Straw Board Mills Limited with Three Aces paper and Wisdom stationery being its first two brands In 1969 Shree Gopal Paper Mills Limited in Yamunanagar was merged with the company In 1975 the organization was renamed Ballarpur Industries Limited 6 In the 1990s the company was under siege from Southeast Asian companies who set up greenfield projects in India However in 2001 Ballarpur Industries turned around and was able to buy out its Indonesian competitor s Sinar Mas Group Indian division and entered into a partnership with Red Roses Publications Norway The name BILT emerged after a corporate rebranding exercise in 2002 Locations editBILT is headquartered in Gurgaon in Haryana It has three central nurseries each located in Maharashtra Orissa and Telangana 7 The company has the following manufacturing units Unit Ashti Gadchiroli Maharashtra Unit Ballarpur Chandrapur District Maharashtra Unit Bhigwan Pune District Maharashtra Unit Kamalapuram Warangal District Telangana Unit Sewa Jeypore Orissa Unit Shree Gopal Yamuna Nagar District Haryana The company also has one of its office in Sabah Malaysia Financials and bankruptcy process editThe company has been reporting losses for numerous financial years 8 and was taken to the bankruptcy court by its lenders on January 2020 BILT s major lenders include SBI ICICI Bank Axis Bank IDBI Bank and Finquest Financial Solutions 9 Due to poor internal performance of the company its stock has fallen more than 95 in a span of three years as of March 2020 The equity shares of BILT are listed on National Stock Exchange of India and Bombay Stock Exchange 10 On March 31 2023 NCLT Mumbai approved Finquest Financial Solutions bid to acquire Ballarpur IndustriesReferences edit BILT Growing aggressively businessline 22 March 2007 Retrieved 13 October 2020 Mishra Bisheshwar 19 March 2007 BILT buys paper mill in Malaysia for 261 mn The Times of India Retrieved 13 October 2020 The PPI Top 100 15 July 2011 Archived from the original on 15 July 2011 Retrieved 13 October 2020 Vanar Muguntan India s Ballarpur takes over SFI The Star Retrieved 15 December 2023 India s Ballarpur takes over SFI The Star www thestar com my Retrieved 13 October 2020 Ballarpur Inds Reports Company History Directors Report Chairman s Speech Auditors Report of Ballarpur Inds NDTV www ndtv com Retrieved 13 October 2020 Forestry Operations bilt com Archived from the original on 17 February 2004 Retrieved 6 June 2022 BSEINDIA www bseindia com Retrieved 13 October 2020 Rebello Joel Thapar Group s BILT in bankruptcy court The Economic Times Retrieved 13 October 2020 Introducing Ballarpur Industries NSE BALLARPUR The Stock That Collapsed 98 15 March 2020 Retrieved 13 October 2020 External links editBILT Paper Division Retrieved from https en wikipedia org w index php title Ballarpur Industries amp oldid 1216121056, wikipedia, wiki, book, books, library,
