Andrew Yule and Company Ltd.

The business was founded by Andrew Yule in 1863 and incorporated as a private company in 1919. During the British Raj, the company was a large conglomerate. The company had varied and diversified business interests ranging from jute, cotton, coal, tea, engineering, electrical, power, chemicals, insurance, railways, shipping, paper, printing, apart from maintaining a zamindari and managing houses of several companies in India. The company was managed by Andrew Yule and his brother George Yule and later by David Yule. The Bengal Coal Co was part of the Andrew Yule group holding collieries in Bengal & Bihar. The company was turned into a public company in 1948, after India's independence from the British Empire. It became a central public sector enterprise (CPSE) (schedule B company) in 1979, after the Indian government completed a series of equity share acquisitions (49% in 1974 and 2% in 1979). As of 2011, the shareholders are the Indian government (97.46%), Financial Institutions (0.33%), and the remainder publicly traded (2.21%).

Subsidiaries

Tide Water Oil Co. (India) Ltd.

This division produces lubricants and greases under the Veedol brand.

The CPSU currently owns 26.23% of Tide Water Oil Co. Ltd.

Descon Ltd.

Descon provided consultant services in the power and energy sector, engineering drawing, GIS, management consultancy, and software development. It started its operation in the mid of 90's. Initially, it was the stakeholder of DPSC or India Power. But after DPSC was taken over by SREI Group, Descon tied up with JSW Group. On 30 June 2014, Descon closed down its major operations as the company was suffering from huge losses for the last three years.

Webfil Ltd.

Webfil is a telecommunications provider, offering a digital micro radio telecommunication network, fibre-optic communication systems, multiplexers and message switching systems, and telecommunication network services. Additionally, it manufactures filaments for GLS lamps and cathodes for fluorescent Lamps.