Binani Industries, a Braj Binani Group company, was established on February 25,1941.The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.The company was re-christened as Binani Industries Limited in 1996, reflecting its status as a multi-divisional, multi-product and multi-locational company driven by technology and professionalism.
The Braj Binani Group is a well-diversified industrial house with a 138-year history behind it. The group is actively working in the core sectors of Cement, Zinc, Glass Fibre and Downstream Composite Products. Working in complete synergy across verticals, across the world. By understanding the needs of an evolving world, the Braj Binani Group is charting a path to the future
Binani’ is now consolidating on its enviable track record, with over one and a quarter century of success behind it.
It 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 technology 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 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.
The company has different subsidiaries:
- Binani Zinc- Binani was the first in India to have a custom zinc smelter for manufacture of electrolytic zinc. Since its inceptions in the sixties, Binani Zinc has constantly been modernising and upgrading its technology in step with global advances. Binani Zinc has won several laurels for its various efforts in environment management and energy conservation.
- Binani Cement- Binani Cement has been working in this core sector from 1997. Growing from strength to strength to become a leading cement manufacturer in Northern India. By employing cutting-edge technologies and world-class manufacturing practices. Binani Cement has established itself as one of the top companies in the industry in terms of efficiency and performance.
- Goa Glass Fibre- Glass fibre reinforcements are a designer’s delight for its superior strength to weight properties, easy usage and versatility. Braj Binani Group diversified into the production of glass fibre in 1996. Being the first and foremost Indian company to export glass fibre, Goa Glass Fibre Limited currently exports over 70% of its production to 26 countries across five continents.
- BT Composites - Logical diversification for the group with the success of Glass Fibre was the establishment of BT Composites Ltd. This company focusses on the downstream development of Glass Fibre. Using new-age glass reinforced material, it manufactures a whole array of products, and makes the most of its proximity to raw material.
Product portfolio of the company includes:
Non-ferrous alloys, Cad, Castings, powders and solder wires, Leasing, investments in stocks and securities and Real estate investment, Cement, Glass, Zinc, Fibre.
Milestones achieved:
1940s
- Binani Metal Works Limited founded on 25th of February, 1941 near Howrah, in Kolkata by the Founder Chairman Late Seth Govardhandas Binani
- The company entered into collaboration with Metal Distributors Limited and its trading activities in India expanded and grew stronger
1950s
- Binani’s sets up its establishments in London, UK, for international trading, indenting of non-ferrous metals, investments, leasing and other activities
- The company went public for the first time in 1953
1950s
- Binani earned recognition as the largest importer and distributor of non-ferrous metals in the country
1960s
- In 1962 Binani entered into a technical and financial collaboration with Cominco Limited Canada to form Cominco Binani Zinc Limited and created history becoming the first Indian company to manufacture primary high-grade electrolytic zinc in India in 1967
- It was the first Indian company to manufacture high-grade electrolytic zinc at Binanipuram, Kerala in 1967
1970s
- By leveraging technology and keeping up with a burgeoning market, Binani Zinc Limited successfully increased its capacity from 12 kty to 20 kty
1980s Binani Zinc Limited further upgraded its technology with assistance from M/s. Lurgi, Germany
Binani Zinc Limited commenced production of special high-grade electrolytic zinc ingots with 99.995% purity1990s
Cominco Limited carted off its financial support from its operations in alignment with their world policy. Cominco Binani Zinc was re-christened as Binani Zinc Limited on 3rd
March 1991
- Diversification was necessary for growth and hence two sectors were identified - Glass Fibre and Cement
- Two Public Issues, one in February 1994 and the other in February 1995, were undertaken to raise funds for the implementation of new projects. Both the issues were oversubscribed.
- The company was re-christened as Binani Industries Limited in 1996 reflecting its status as a multi-divisional, multi-product and multi-locational company driven by technology and professionalism
- In 1995 Binani Zinc entered into collaboration with M/s U.M. Engineering Limited to adopt its state-of-the-art technology and increased its capacity to 30 kty
- The Glass Fibre Division of Binani Industries Limited commenced commercial production at Colvale, Goa in March 1996 and was then the single largest glass fibre plant in India
- Binani Cement Limited commenced commercial production in November 1997 at Pindwara, Rajasthan
- The Cement division was hived off in November 1997 and transferred to Binani Cement Limited as a wholly owned subsidiary
- Goa Glass Fibre Limited received an ISO 9002 accreditation from Bureau Veritas Quality International Certification, UK in 1998
- Binani Glass Fibre was hived off and transferred to Goa Glass Fibre Limited on 1st October 1998 as a wholly owned subsidiary of BIL
- Binani Cement Limited received an ISO 9002 and ISO 14001 Certification from KPMG in January 1999 and October 1999 respectively
2000-01Binani Zinc Limited received an ISO 14001 and an ISO 9001:2000 Certification from Bureau Veritas Quality International for their Environment Management System and Quality Management System respectively
Binani Zinc Limited has adopted the '5s' housekeeping management practice and tagged it with the international accreditation ISO 14001:1996. In April 2001, voluntary commitment to quality was demonstrated by getting the international accreditation on quality ISO 9001:2000. Leveraging people potential, Binani Zinc Limited became the first company in the manufacturing sector to go for international accreditation.
2009
ITC CII Sustainability Award 2009.
Greentech Environment Excellence Gold Award 2009
Indian Institute of Metals - Non-Ferrous Best Performance Award, 2009.
2010
National Safety Award (Runner-up) 2010
2011
The prestigious National Safety Council (I) Safety Awards-2011
2012
National ASSOCHAM CSR Excellence Award 2012.
