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Circa
1859……Walter Duncan, a young Scottish
merchant lands on the magical shores of the East
Indies. Swayed by the beneficial climate of easy
trade on the Indian shores, the intrepid
traveller sets up the Playfair Duncan company to
cultivate the ‘honey brew’ of the
Darjeeling slopes-tea.
Under this one man entrepreneurship, the company
begins the export of high quality tea to a
growing market abroad, and within years the name
Duncans become synonymous with tea.
Business expands, the Duncan Brothers Limited is
formed, and the first seeds of diversification is
sown- the Birpara Tea Company and the Anglo India
Jute Mills.
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 The
Re-christening
Circa
1951…..the Goenka family, steeped in generations of
business expertise, takes up the reins of Duncans
Brothers Limited. With interests in two of the core
industries of India, tea and jute, the now non-anglicised
Group soon creates a firm foothold in the subcontinent,
and is ready for 'greener pastures'.
Mr. G.P.Goenka
takes over operations of the Group’s tea gardens,
and lays the foundation for their professional
management, which has today made the company a force to
reckon with in the tea industry.
A One Man
Show
Circa 1979…… he takes over as Chairman of the
Group. under whose able stewardship, the Group receives
new direction and impetus. A phenomenal growth commences
as the group expands through vertical integration and
diversification. Duncans goes on to become one of the
country’s fastest growing business houses, their
interests touching industries as far-encompassing and
varied as electronics, tyre machinery, petrochemicals,
thermosetting plastics, paper, specialty chemicals,
synthetic rubber, carbon black, nylon tyre cord,
synthetic fibers, leasing, and even education and
healthcare.
For Thine
is the Kingdom, the Power and the Glory…
Duncan Goenka Group is today highly diversified with 20
operating companies and a workforce of 40,000 employees.
Its present turnover of Rs. 20 billion, places it amongst
the top ten industrial groups in the country. In its
millennium avatar, the Group has identified four thrust
areas - power generation and other core sector projects,
agro-based ventures, chemicals and petrochemicals and
frontier sciences like software and biotechnology. A
target of Rs. 100 billion has been set for achievement by
2000 A.D.
Today, the Duncan
Goenka Group is a nucleus of activity, seeking new
challenges and ready for exploration, to define its
vision and realize its dreams.
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