Business Summary
The strength of the Braj Binani Group lies in its robust organisational structure - the very backbone of the company. Consistent emphasis on professional management has helped the group achieve marked progress across its diverse operations. Taking on challenging projects, completing them in record time and running them efficiently is the hallmark of the group.?Binani? is now consolidating on its enviable track record, with over one and a quarter century of success behind itIt was in the turbulent times of 1872 when the ancestors of Binani, Seth Pragdas and Seth Mathuradas Binani, ventured into the trading of non-ferrous metals. Later on, the son of Seth Mathuradas, Seth Govardhandas, a man of profound vision, saw great potential in manufacturing rather than just trading in non-ferrous metals.Binani Metal Works Limited, in collaboration with Multicore Solders, UK, came into being in 1941. The plant was set up in Howrah, West Bengal to produce non-ferrous alloys, cad, castings, powders and solder wires.Trading operations, the forte of Binani, was also growing stronger. An Antimony Smelter joint venture in Bombay was set up under the name of Binani Metal Works Ltd.It was in the early 50s that Binani ventured into the international market by establishing a trading and indenting house for non-ferrous metals in London.Binani Metal Works Limited went public for the first time in 1953. In 1962 Binani entered into a collaboration with the world leaders in the field of non-ferrous metals, Cominco Limited Canada, to form Cominco Binani Zinc Ltd., thus becoming the first producer of primary zinc in India.In 1967, ?Binani? crossed a milestone in the world zinc industry by pioneering the manufacture of high-grade electrolytic zinc in India. The reigns of this expanding business was held by Late Ghanshyam Binani, the only son of Seth Govardhandas Binani. His individual expertise and time-honed skills steered the organisation towards many more milestones. In the span of 1970s-80s Cominco Binani Zinc Ltd. upgraded its t
echnology to be at par with the latest in the world. It also became the first plant in the country to commence production of special high-grade electrolytic zinc with 99.995% purity.In 1983 Binani Metals Ltd. was formed merging Binani Metal Works.By 1991, the company, having surged to a production capacity of 38,000 tonnes per annum of zinc and zinc based products, was re-christened as Binani Zinc Ltd. In 1997, the company diversified into the manufacture of cement by establishing Binani Cement Ltd. This pivotal move laid the foundation for the company?s most successful decade. One that also saw the company diversify into the manufacture of glass fibre. The mantle of responsibility passed on to Mr. Braj Binani, who following the footsteps of his father, Late Ghanshyam Binani, has successfully carried forward the family tradition of growth and excellence, and is today heading the ?Binani ? Braj Binani Group?. The group has come a long way from trading to production of zinc to the manufacture of glass fibre and cement, taking on new challenges and preparing itself to make the most of global opportunities.