Williamson Magor & Company

What Williamson Magor & Company does

Williamson Magor & Company Limited is a publicly listed Indian holding company registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India since 31 March 2003. Originally incorporated in 1949 as Macneill & Barry Limited, the company traces its operating lineage to 1866 and was historically part of the Williamson Magor Group, which at one point became the world's largest private tea producer following the 1987 acquisition of the Guthrie family tea estates. Since 1998, the company has operated as a pure Investment and Group Shareholding Company, with no operating business of its own.

The company's core function is holding strategic equity stakes in operating group companies, including McLeod Russel India (tea), Eveready Industries India (batteries and lighting), Kilburn Engineering, and McNally Bharat Engineering (EPC). It is listed on BSE, NSE, the Calcutta Stock Exchange (CSE), and the Gauhati Stock Exchange, with shares trading under the symbol WILLAMAGOR. The board includes multiple directors under the historical influence of the Khaitan family, which has been associated with the group since 1961.

The business model is that of a passive holding company: revenue derives from dividends, interest, and changes in the value of investments in portfolio companies, rather than from selling products or services. With 1-10 employees and a registered office at Four Mangoe Lane, Kolkata, the company functions primarily as a governance and capital-allocation vehicle for the Williamson Magor Group's cross-holdings, with periodic regulatory engagement with stock exchanges and the RBI.

Name

Williamson Magor & Company

Legal name

Williamson Magor & Co. Limited

Website

https://wmtea.com

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

1–10 employees

Short description

Williamson Magor & Company Limited is a Kolkata-based, publicly listed Indian holding company and registered NBFC that holds strategic equity stakes in four Williamson Magor Group companies across tea, batteries, and engineering sectors.

Ownership category

akta.pro rank

Product category

Investment Holding / NBFC Services

NAICS

All Other Financial Investment Activities (52399), Management of Companies and Enterprises (55111)

SIC

Investors, Nec (6799)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

Keywords

• Investment holding
• Group shareholding
• Non-banking financial
• Inter-corporate lending
• Equity investments

Headquarters

HQ city

Calcutta

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Investment Returns and Dividend Income: As a pure Investment and Group Shareholding Company, the company generates revenue through returns on investments in group companies including McLeod Russel India Limited, Eveready Industries India Limited, Kilburn Engineering Limited, and McNally Bharat Engineering Company Limited, as well as lending of funds.

Marketing channels3 records

Core offering

Williamson Magor & Co. Limited is a pure Investment and Group Shareholding Company registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India. Its core business involves holding substantial equity investments in group companies (including McLeod Russel India Limited, Eveready Industries India Limited, Kilburn Engineering Limited, and McNally Bharat Engineering Company Limited) and lending of funds to group entities. The company does not offer consumer-facing financial products or technology services.

Product overview

Williamson Magor & Co. Limited is a pure Investment and Group Shareholding Company registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India since 31st March 2003. The company primarily engages in investments and lending of funds, holding substantial investments in group companies including McLeod Russel India Limited, Eveready Industries India Limited, Kilburn Engineering Limited, and McNally Bharat Engineering Company Limited. The company is listed on the Bombay Stock Exchange, National Stock Exchange of India, and Calcutta Stock Exchange. It owns a ten-storey building at Four Mangoe Lane, Kolkata 700001, which serves as its corporate headquarters. The company does not offer any distinct technology products or SaaS offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Holding and Group Shareholding
• NBFC Fund Lending

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• McLeod Russel India LimitedcoreOthersGroup company in which Williamson Magor holds substantial investments. McLeod Russel India Limited is part of the tea plantation business that was historically the core of the Williamson Magor Group.
• Eveready Industries India LimitedcoreOthersGroup company in which Williamson Magor holds investments as part of its diversified group shareholding portfolio.
• Kilburn Engineering LimitedcoreOthersGroup company within the Williamson Magor Group investment portfolio, receiving investment and group shareholding support.
• McNally Bharat Engineering Company LimitedcoreOthersGroup company in which Williamson Magor holds investments as part of its NBFC and investment business operations.
• HDFC Bank Ltd.minorOthersOne of the bankers for Williamson Magor & Company, providing banking services.
• ICICI Bank Ltd.minorOthersOne of the bankers for Williamson Magor & Company, providing banking services.
• Standard Chartered BankminorOthersOne of the bankers for Williamson Magor & Company, providing banking services.
• V. Singhi & Associates (Chartered Accountants)coreImplementation/ SI/ Consulting PartnerStatutory auditors of Williamson Magor & Company, providing audit and financial reporting services.

Scale indicators3 records

Recent moves12 records

Expansion highlights3 records

Direct peers

• Tata Investment Corporation Limited: Tata Investment Corporation is an Indian listed investment holding company that holds stakes across Tata Group companies, with charter similar to Williamson Magor (holdco investing in group entities). Both entities function as listed holding arms of larger conglomerates.
• Welspun Investments and Commercials Limited: Welspun Investments is a small-cap Indian listed holding company that holds and manages equity investments in group companies. Highly comparable to Williamson Magor's structure as a publicly listed holdco with concentrated group-company portfolio.

Broad incumbents

• LIC Housing Finance Limited: LIC Housing Finance is a major Indian NBFC providing home loans. Comparable NBFC regulatory status under RBI and similar listed small-cap-to-mid-cap profile, though supported by LIC parentage.
• Mahindra & Mahindra Financial Services Limited: Mahindra Finance is a large Indian NBFC focused on rural and vehicle financing. Comparable as a group-affiliated NBFC with listed status, though operations are vastly larger and more diversified than Williamson Magor.
• Bajaj Finance Limited: Bajaj Finance is one of India's largest NBFCs, providing consumer and SME lending. Comparable as an RBI-regulated NBFC, though operates at vastly larger scale and serves third-party borrowers rather than group entities.
• Cholamandalam Investment and Finance Company Limited: Cholamandalam is a major Indian NBFC (part of Murugappa Group) providing vehicle finance, home loans, and SME lending. Comparable NBFC business model with RBI license, but broader third-party operations.
• Power Finance Corporation Limited: Power Finance Corporation is a large government-owned Indian NBFC focused on infrastructure lending. Comparable NBFC regulatory status, though at sovereign scale with very different risk profile.
• REC Limited: REC is a major Indian NBFC providing power sector financing. Comparable NBFC structure under RBI regulation, but operates as a much larger government-affiliated infrastructure financier.
• HDFC Limited (now HDFC Bank): HDFC was India's largest housing finance NBFC before merger with HDFC Bank. Comparable as a top-tier Indian NBFC with strong group backing, though at vastly greater scale and with focus on housing finance.

Others

• UTI Asset Management Company Limited: UTI AMC is an Indian listed asset management company that manages pooled investment funds. Adjacent comparability as a financial-services listed entity managing investment portfolios, though the business model is fund management rather than direct holdco investing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Williamson Magor & Company