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Britannia Industries Limited is an Indian multinational food products company, which sells biscuits, breads and dairy products. Founded in 1892, it is one of India's oldest existing companies and currently part of the Wadia Group headed by Nusli Wadia . [ 2 ]
Bombay Burmah, a part of the Wadia group, holds a majority share of 50.5 per cent in Britannia Industries, amounting to a total of 12.17 crore equity shares. [11] [12] In 2023, the company announced that it will be divesting 3 tea estates in Tanzania, measuring around 3,957 acres, to Udongo Wetu, Dar es Salaam, Tanzania. [13]
It became, for a time, the largest silverware company in the world. [2] By 1876, the Meriden Britannia Company had grown a great deal and the company made significant efforts at the Centennial Exposition in Philadelphia in that year. The company won the First Place medal for plated wares.
He is a former managing director and chief executive officer of Britannia Industries, an Indian food corporation. He joined Britannia in December 1974 and was the company's managing director for over a decade. [2] After his exit from Britannia, Alagh founded a consulting firm, SKA Advisors, which advises clients on marketing strategies. [3]
The company was established on 4 December 1978 after taking over and merging two sick companies - Arthur Butler & Co and Britannia Engineering Company. [1] At one time, BWEL was the largest rail wagon manufacturer in India. In fiscal 2006, the company enjoyed aggregated revenues of ₹ 154.4 million (US$1.8 million). [2] [3]
Britannia also became the first European airline to fly the Boeing 767, which was added to its fleet in the 1980s; the 767 was the first widebodied aircraft to enter service in the company's fleet and enabled Britannia to become the first British holiday airline to offer passengers free in-flight audio and video entertainment. [8]
In 1996, the group acquired the company Uganda Pharmaceuticals Ltd. (UPL, manufacturer of medicine in Uganda, from the government in 1993), and sold 30% of it to Libyan investors in 2016. [4] From 1990 to 2016, the group invested over $75 million in development.
Caledonian Bristol 175 Britannia 314 G-ATMA in the later scheme at Manchester in August 1966 Caledonian Airways was a wholly private, independent [ nb 1 ] charter airline in the United Kingdom formed in April 1961.