Andrew Yule & Company

What Andrew Yule & Company does

Andrew Yule & Company Limited is a Central Public Sector Enterprise (CPSE) under the Government of India, which holds 89.25% equity, and is listed on the Bombay Stock Exchange (ticker: ANDREWYULE). Founded in 1863, the company operates through three core divisions: Tea, Electrical, and Engineering. It manages 15 tea estates — 5 in West Bengal and 10 in Assam — and operates 30 manufacturing units across India, with the Engineering Division based in Kalyani (West Bengal) and the Electrical Division in Chennai. Two wholly-owned subsidiaries — Yule Electrical Limited and Yule Engineering Limited — house the non-tea industrial operations.

The company manufactures and sells CTC and Orthodox black tea, green tea, electrical transformers, industrial fans, and air and water pollution control equipment. Its tea is exported to Georgia, USA, Germany, Canada, UK, and Ireland. Revenue is generated through B2B and consumer sales of tea domestically and internationally, and through project/sales contracts in the electrical and engineering segments with government utilities, public sector undertakings, and industrial customers.

Revenue from operations for FY2025-26 stood at Rs. 29,528.32 lakh, with total income of Rs. 38,286.50 lakh and net worth of Rs. 7,568.07 lakh. The company posted net losses of Rs. 6,360.94 lakh in FY2023-24 and Rs. 2,553.40 lakh in FY2024-25, with the magnitude narrowing materially year-on-year. Tea exports grew 431% per a 10 May 2023 press release, indicating strong international demand traction. Senior management comprises Ananta Mohan Singh (CMD), Sanjay Verma (Director Finance), and Sharad Kumar (Director Planning).

Name

Andrew Yule & Company

Legal name

Andrew Yule & Co. Ltd.

Website

https://andrewyule.com

Company type

Public

Founded year

1863

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Andrew Yule & Company Limited is an Indian central public sector enterprise (89.25% Government of India-owned, founded 1863) operating tea estates, electrical equipment, and pollution control engineering across 30 manufacturing units in domestic and export markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Tea Cultivation and Sales: Andrew Yule operates 15 tea estates across West Bengal (Darjeeling and Dooars regions) and Assam, producing more than 12 million kilos of quality CTC, Orthodox, and Green Tea annually. Tea is sold through auction systems and direct contracts, with exports to Georgia, USA, Germany, Canada, UK & Ireland. The company also sells packet teas through their online portal.
2. Electrical Equipment Manufacturing: Manufacturing and sales of power transformers and distribution transformers from Chennai operations. Products include converter transformers up to 20 MVA, generator transformers up to 40 MVA, and power/distribution transformers up to 63 MVA. Revenue generated through direct tender/procurement processes.
3. Industrial Fans and Air Pollution Control Equipment: Engineering division at Kalyani manufactures centrifugal fans, electrostatic precipitators, and water pollution control equipment for industrial applications including steel plants, power plants, and manufacturing facilities. Sold directly to industrial customers through tender processes.
4. Refurbishment Services: Services for refurbishment of waste gas fan impellers including removal of old shaft, refurbishment of impeller, blade liner replacement, strength weld joint DP testing, new shaft supply and fitting, and dynamic balancing per ISO 1940/1 G 2.5 standards.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Andrew Yule & Company is a Central Public Sector Enterprise operating three divisions: a Tea Division that cultivates and processes CTC, Orthodox and Green teas across 15 estates in Darjeeling, Assam and Dooars; an Electrical Division in Chennai that manufactures power, distribution, converter, generator and dry-type transformers up to 63 MVA; and an Engineering Division in Kalyani that produces YULE-branded centrifugal fans, electrostatic precipitators and water pollution control systems for heavy industry. It sells its own manufactured goods directly to government, industrial and consumer customers through tenders, tea auctions and its own e-commerce portal.

Product overview

Andrew Yule & Co. Ltd. is a multi-divisional Central Public Sector Enterprise under the Ministry of Heavy Industries with three core business divisions: Tea Division (plantation and manufacturing), Electrical Division (transformer manufacturing), and Engineering Division (industrial fans and pollution control equipment). The Tea Division operates 15 tea estates across West Bengal (Darjeeling and Dooars) and Assam, producing CTC, Orthodox, and Green teas sold under brands including YULE, Himalayan Delite, MIM, Gold Heritage, and Classic. The Electrical Division (Chennai) manufactures transformers up to 63 MVA. The Engineering Division (Kalyani, West Bengal) produces YULE branded centrifugal fans and air/water pollution control equipment. The company also maintains two subsidiaries: Yule Electrical Limited and Yule Engineering Limited.

Differentiator

Problem solved

Functional benefit

Brands

• YULE: Brand name for industrial fans, centrifugal fans, air pollution control equipment, water pollution control equipment manufactured by Engineering Division
• Himalayan Delite
• Yule Gold
• Yule Red
• MIM
• Slimmer Premium Green Tea
• Gold Heritage
• Yule Tea Retreat

Products and services

• YULE Centrifugal Fans High-efficiency industrial centrifugal fans manufactured at the Kalyani Engineering Division with flow rates from 2,000 M3/HR to 30,00,000 M3/HR, pressure up to 4900 MM WG, temperatures up to 450°C continuous, speeds up to 3000 RPM, and power up to 6 MW for a single fan. Sold under the YULE brand to steel plants, power plants and other heavy industries with guaranteed performance, low noise, quick delivery and one-year on-site warranty.
• YULE Air Pollution Control Equipment Electro Static Precipitators (ESP), fume extraction and cleaning systems, gas conditioning towers and de-dusting systems for electric arc furnaces, sold to steel, power and heavy industrial customers under the YULE brand from the Kalyani Engineering Division.
• YULE Water Pollution Control Equipment Effluent treatment plants for industrial and chemical/process applications, sewerage treatment plants for municipal use, and water treatment plants, manufactured at the Kalyani Engineering Division under the YULE brand.
• Waste Gas Fan Impeller Refurbishment Service Refurbishment services for waste gas fan impellers including removal of old shaft, impeller refurbishment, blade liner replacement, strength weld joint DP testing, new shaft supply and fitting, and dynamic balancing per ISO 1940/1 G 2.5 standards, offered by the Kalyani Engineering Division.
• Converter Transformers Converter transformers up to 20 MVA, 33 KV, including furnace transformers, earthing transformers and unit auxiliary transformers, manufactured at the ISO 9001-certified Electrical Division in Chennai for industrial converter and process applications.
• Generator Transformers Generator transformers up to 40 MVA rating, manufactured at the Chennai Electrical Division for power generation applications.
• Power Transformers Power transformers up to 63 MVA, 132/33 KV rating, manufactured at the ISO 9001-certified Chennai Electrical Division for power utilities, industrial plants and infrastructure projects.
• Distribution Transformers Distribution transformers up to 12.5 MVA, 220/11 KV rating, manufactured at the Chennai Electrical Division for power distribution networks.
• Dry Type Transformers Dry type transformers up to 3 MVA, 11 KV rating, manufactured at the Chennai Electrical Division for indoor and fire-sensitive applications.
• Bulk Tea (CTC and Orthodox) Bulk tea produced in both CTC (Crush, Tear, Curl) and Orthodox processing methods from 15 tea estates across Darjeeling, Dooars and Assam, sold through auction systems and direct contracts to tea buyers, blenders, packers and exporters.
• YULE Branded Packet Teas Retail packet tea products sold under the YULE brand (including Elaichi/Cardamom Tea, Ginger Tea, Masala Tea, Yule Gold CTC blend, Yule Red home-brew CTC blend, and Slimmer Premium Green Tea) via the andrewyuletea.com e-commerce portal.
• MIM Single Estate Darjeeling Tea Single estate orthodox Darjeeling tea from the iconic Mim Tea Estate, yielding thin-bodied, light orange liquor with floral delicate aroma and muscatel character, sold directly to premium tea consumers via the company's online portal.
• Himalayan Delite Darjeeling Green Tea Darjeeling green teas marketed under the Himalayan Delite brand, including the standard grade, sold to retail consumers through andrewyuletea.com.
• Assam Orthodox Premium Tea Premium orthodox tea from Andrew Yule's Assam estates with traditional Assam aroma, including Classic Assam and Yule Classic Finest Assam variants, sold via the online packet tea portal.
• Gold Heritage CTC Tea Blend Premium CTC tea blend sold under the Gold Heritage sub-brand via andrewyuletea.com.
• Red Home Brew CTC Tea Blend CTC tea blend designed for home brewing, sold under the Yule Red sub-brand via andrewyuletea.com.

Quantifiable outcome

• Tea production capacity: 12+ million kilos annually from 15 estates
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Yule Electrical LimitedcoreOthersWholly-owned subsidiary company of Andrew Yule & Co. Ltd. Engaged in electrical equipment manufacturing and related business activities. Annual accounts and financial information published separately.
• Yule Engineering LimitedcoreOthersWholly-owned subsidiary company of Andrew Yule & Co. Ltd. Focused on engineering products and services. Annual accounts and financial information published separately.
• Veedol Corporation Ltd. [formerly Tide Water Oil Co. (I) Ltd.]minorOthersAssociate company of Andrew Yule & Co. Ltd. Shri Ananta Mohan Singh (CMD) serves as Director on the board of Veedol Corporation Limited.
• Steam & Mining Equipment (India) Private Ltd.coreStrategic or Co-development PartnerAcquired in 1978 effective from 1st July. This acquisition enabled Andrew Yule to enter the field of electrical equipment manufacture. Business of Steam and Mining (Switchgear) Ltd., an associate of this company, was also acquired.
• Davidson of India Pvt. Ltd. and Port Engineering Works Ltd.coreStrategic or Co-development PartnerThe entire business of Davidson of India Pvt. Ltd. along with Port Engineering Works Ltd. was amalgamated with the Company with effect from 1st July, 1978, expanding the company's engineering and manufacturing capabilities.
• Transformer & Switchgear Ltd. (Chennai)coreStrategic or Co-development PartnerGovernment nationalized the undertaking of Transformer & Switchgear Ltd., Chennai in 1983 and vested assets with Andrew Yule. This undertaking became an important unit of the Company (Gazette Notification No. 498 dated 4th November, 1983).
• Brentford Electric (India) Ltd.coreStrategic or Co-development PartnerNationalized vide Brentford Electric (India) Ltd. Act, 1987 with effect from 1st April, 1986. All rights, titles, and interest in the undertaking was vested with the Company (Gazette Notification No. 580 dated 14th November, 1987).

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Goodricke Group: Indian tea plantation company with estates in Darjeeling and Assam producing CTC, Orthodox, and Green teas. Closely comparable to Andrew Yule's tea division in cultivation geography, product mix, and auction-based distribution.
• Harrisons Malayalam: Plantation company with tea and rubber operations in South India. Comparable to Andrew Yule's tea division in plantation operations, commodity auction sales, and exposure to labor and climate risks on tea estates.
• Wagh Bakri Tea Group: One of India's largest packaged tea brands with strong distribution and DTC presence. Comparable to Andrew Yule's packet tea business (Yule Gold, Yule Red) in target consumer segment, although Wagh Bakri has stronger retail brand presence.
• Tata Consumer Products: Major Indian branded tea company (Tata Tea, Tetley, Chakra Gold) with plantation assets and significant packet tea market share. Directly comparable to Andrew Yule's Tea Division in product categories, target customers, and distribution through auctions and retail.
• Transformers and Rectifiers (India): Indian manufacturer of power and distribution transformers serving utilities and industrial customers. Directly comparable to Andrew Yule's Electrical Division Chennai in product range (up to large MVA ratings), tender-based B2B sales, and India-focused market.
• Williamson Magor Group: Historic Indian conglomerate with tea plantation operations and engineering interests. Comparable heritage-style Indian conglomerate structure with tea assets, similar to Andrew Yule's diversified tea and industrial portfolio.
• McLeod Russel India: Largest tea plantation company in India (now part of ITC group historically). Highly comparable to Andrew Yule's tea estate portfolio in cultivation scale, auction-based bulk sales, and Assam/Darjeeling region exposure.

Broad incumbents

• Thermax Limited: Indian industrial engineering and environmental solutions company providing air pollution control, water treatment, and heating equipment. Closely comparable to Andrew Yule's Engineering Division ESPs and water pollution control equipment, with overlap in industrial customer base.
• Bharat Heavy Electricals Ltd (BHEL): India's largest heavy electrical equipment public sector enterprise manufacturing transformers, turbines, and industrial equipment. Broader incumbent comparable to Andrew Yule's Electrical Division with overlapping transformer manufacturing and government customer base.
• Crompton Greaves Consumer Electricals: Large Indian electrical equipment manufacturer with industrial fans and consumer electricals portfolio. Comparable to Andrew Yule's Engineering Division centrifugal fan business and Electrical Division, though much larger scale and consumer-brand focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CompanyYule
• Instagraminstagram.com/andrewyule_kolkata

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 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 Andrew Yule & Company