Public sector enterprise Balmer Lawrie & Company has set an ambitious target of achieving Rs 6,000 crore in revenue by 2030. The company, which currently generates Rs 2,400 crore, is in the process of hiring a consultant to develop a strategic growth plan, according to Chairman and Managing Director Adhip Nath Palchaudhuri.
Balmer Lawrie operates across various sectors, including grease and lubricants, industrial packaging, logistics, and travel and vacations (T&V). Palchaudhuri highlighted that the company’s growth will be driven by its T&V, grease and lubricants, logistics, and industrial packaging divisions.
The travel and vacations segment, in particular, holds significant growth opportunities. “Around 80% of our T&V business comes from the private sector, and we are working to expand our presence in the leisure travel market,” Palchaudhuri stated. The company also manages travel and ticketing services for government departments.
For the current fiscal year, Balmer Lawrie has set a revenue target of Rs 3,400 crore through a Memorandum of Understanding (MoU) with the government. In addition to its core businesses, Balmer Lawrie is diversifying into ethanol production and is in the process of acquiring 25 acres of land in Andhra Pradesh. The ethanol will be produced using feedstock such as rice and maize.
The company is also exploring entry into the third-party logistics sector, marking another step in its broader growth strategy. Balmer Lawrie & Company Limited, established in 1867, is a diversified Indian public sector enterprise with a rich legacy spanning over 150 years. The company operates in multiple business sectors, including industrial packaging, logistics, travel and tourism, and greases and lubricants, serving both domestic and international markets.
As a Mini Ratna-I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Balmer Lawrie has consistently demonstrated its commitment to innovation, quality, and customer satisfaction. The company plays a significant role in the Indian economy, leveraging its expertise across various industries while maintaining a strong focus on sustainable growth and corporate responsibility.
