Jessop & Company Limited Unlisted Shares

The roots of Jessop & Company Ltd. go back to 1788 when Breen & Company was founded in Calcutta. In 1820, Henry and George, sons of William Jessop acquired Breen & Company on behalf of Butterfly Company established in Derbyshire, England in 1790 by William Jessop. These two companies merged together to become Jessop & Company. Subsequently, in 1973, the company was taken over by the Government and Jessop became a Govt. of India undertaking.

In 1986, with the formation of Bharat Bhari Udyog Nigam Limited (BBUNL), a Public Sector Holding Company under the administrative control of Deptt. of Heavy Industry, Ministry of Industry, Govt. of India, Jessop became a subsidiary of the Holding Company. During the last two centuries, the company has consistently modernized and streamlined its production facilities to keep abreast of the latest technology and has introduced many new products for core sector industries in the country.

However, the government had sold a 72 percent stake in the company to Ruia Cotex for Rs 18.18 crore in 2003. The majority shares of the company were handed over to the Ruia Group, accepted as the strategic partner of the government for revival of the company

The company manufactures Cranes, Wagons, Coaches, Road equipment, Hydraulic, and EPC business.

Some of the prominent clients of the company are Tata Steel, BHEL, Essar Steel, NEEPCO, Metro Railway Kolkatta and Kolkatta Port Trust.