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Age of IndustrialisationLoading...
Bengal Chemicals and PharmaceuticalsLoading...
Visairaghav X-D
•Transformation
•1892: Prafulla Chandra Ray rents house at 91 Upper Circular Road, Kolkata. Bengal Chemical Works founded with ₹700 capital.
•1893: Company’s herbal products presented at the Indian Medical Congress session in Kolkata.
•Company reputation grows, production scale increased by additional funds of ₹2 lakh by Ray.
•12 April 1901: Business converted into a Limited Company, renamed Bengal Chemical and Pharmaceutical Works Ltd. (BCPW)
•1905: Factory in Maniktala
•1920: Factory in Panihati
•1938: Factory in Mumbai
•Registered office: 6 Ganesh Chandra Avenue, Kolkata.
•1944: Company struggles after Roy's death
•1949: Factory in Kanpur
•Mid-1950s: Losses incurred, company’s historic importance keeps it from being sold out.
•15 December 1977: Union government takes over company management
•15 December 1980: Nationalisation.
•27 March 1981: Bengal Chemicals & Pharmaceuticals Ltd. (New public sector undertaking) launched.
•1992: Losses continue, BCPL referred to the Board for Industrial and Financial Reconstruction.
•1892: Prafulla Chandra Ray rents house at 91 Upper Circular Road, Kolkata. Bengal Chemical Works founded with ₹700 capital.
•1893: Company’s herbal products presented at the Indian Medical Congress session in Kolkata.
•Company reputation grows, production scale increased by additional funds of ₹2 lakh by Ray.
•12 April 1901: Business converted into a Limited Company, renamed Bengal Chemical and Pharmaceutical Works Ltd. (BCPW)
•1905: Factory in Maniktala
•1920: Factory in Panihati
•1938: Factory in Mumbai
•Registered office: 6 Ganesh Chandra Avenue, Kolkata.
•1944: Company struggles after Roy's death
•1949: Factory in Kanpur
•Mid-1950s: Losses incurred, company’s historic importance keeps it from being sold out.
•15 December 1977: Union government takes over company management
•15 December 1980: Nationalisation.
•27 March 1981: Bengal Chemicals & Pharmaceuticals Ltd. (New public sector undertaking) launched.
•1992: Losses continue, BCPL referred to the Board for Industrial and Financial Reconstruction.
•2016-17-present: Company profits after 6 decades in financial year 2016-17, profit reports continue for 2 subsequent fiscals.
Life of its workers
Retirement benefits were not enjoyed by BCPL employees who retired between 2007 and 2016.
During nationalism 2,500 permanent employees were in the concern.
Many retirements later, it now has 125 permenent and about 125 contractual employees.
When the workers understood it was a shame that P C Ray’s dream institution was declining, majority of the workers responded positively while the rest were acted tough upon, by new strict disciplinary measures introduction.
Company decline has largely been attributed to poor management and work culture among the employees.
The strength of permanent workers has come down to 320 (there are another 100 casual workers) whereas 2000 were employed at one time
Retirement benefits were not enjoyed by BCPL employees who retired between 2007 and 2016.
During nationalism 2,500 permanent employees were in the concern.
Many retirements later, it now has 125 permenent and about 125 contractual employees.
When the workers understood it was a shame that P C Ray’s dream institution was declining, majority of the workers responded positively while the rest were acted tough upon, by new strict disciplinary measures introduction.
Company decline has largely been attributed to poor management and work culture among the employees.
The strength of permanent workers has come down to 320 (there are another 100 casual workers) whereas 2000 were employed at one time
Technology
During the establishment, since industrialization in India was slow, only certain low cost machineries were used as high cost machineries were used by bigger industries.
As company’s revenue grew more machineries were added.
During WW1 when Manchester industries produced good for warfare, machines prices in India reduced drastically allowing more machinery to be bought.
Production changed from production by the masses, to mass production by the machines
During the establishment, since industrialization in India was slow, only certain low cost machineries were used as high cost machineries were used by bigger industries.
As company’s revenue grew more machineries were added.
During WW1 when Manchester industries produced good for warfare, machines prices in India reduced drastically allowing more machinery to be bought.
Production changed from production by the masses, to mass production by the machines