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In 1897, the company ventured into sugar industry which proved to disastrous. The Deccan Sugar and
Abkhari Company was set up and soon began losing money. By 1902, Binny was in dire straits and
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and had a fleet of 35 barges and 30 lighters to transport men and goods from ships to land. They also ran a motor bus service for land transportation.
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John Binny set up a partnership with Mr
Denison and renamed the company as Binny and Denison in 1800. The firm moved to its present headquarters in
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had to buy the loss-making unit from Binny. In 1903, Binny ventured into coal mining industry and in 1905, it became the local agent for
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on 22 October 1906. On 31st
October 1906, Binny and Co went into voluntary liquidation. On 16th November, it was taken over by
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Binny and Co set-up the
Buckingham Mills in 1876 followed by the Carnatic Mills in 1881. Both were merged to form the
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as a general, clearing and forwarding agency in 1797. The company's first headquarters was a building then known as
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509:"Mumbai street, luxury flat or prison: For filmmakers, anything is possible at Chennai's Binny Mills"
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in 1812. In 1814, it changed its name to Binny and Co. Binny and Co were the landing agents for the
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is now situated. With the passage of time, Binny and Co entered the banking and insurance sectors.
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History of the city of Madras written for the
Tercentenary Celebration Committee
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History of the city of Madras written for the
Tercentenary Celebration Committee
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and Duncan
Mackinnon and resurrected as a private limited firm under the
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world-famous. The
Bangalore Cotton, Silk and Woolen Mills was set-up in
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Southern India: Its
History, People, Commerce, and Industrial Resources
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Srinivasachari, C. S. (1939). "Madras in the
Present Century-Part I".
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Srinivasachari, C. S. (1939). "Madras in the Present Century-Part I".
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182:. It helped lay the foundations of major industry in Madras with the
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TAMILNADU A JOURNEY IN TIME Part - 1: People, places and Potpourri
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on 15 August 1947 further crippled the fortunes of the company.
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in 1987, Binny & Co was acquired by Udayar group lead by
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The company was responsible for the development of much of
175:. It was one of the oldest business firms in Chennai city.
570:"Binny promoters to separate, manage 3 different entities"
534:"Promoter of Binny Mills eased out of firm after demerger"
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Binny and Co suffered heavily from the crash of the bank
312:. The company was split into multiple units in 2010.
186:. Binny and Co was one of the founding members of the
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Playne, Somerset; J. W. Bond; Arnold Wright (1914).
408:. Madras: P. Varadachary & Co. pp. 314–315.
393:. Madras: P. Varadachary & Co. pp. 312–313.
16:
Indian shipping, textile, banking and insurance firm
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329:Committee, Madras Tercentenary Celebration (1994).
267:, Binny pioneered electricity and trams in Madras.
49:. Unsourced material may be challenged and removed.
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423:. East West Books (Madras) Pvt Ltd. p. 263.
663:Financial services companies established in 1797
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447:Pottamkulam, George Abraham (28 February 2021).
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332:The Madras Tercentenary Commemoration Volume
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259:, setting up a large storage facility at
109:Learn how and when to remove this message
476:"Chequered history of a textile company"
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612:. Asian Educational Services. pp.
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188:Madras Chamber of Commerce and Industry
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474:Umachandran, Shalini (12 March 2010).
231:British India Steam Navigation Company
206:Binny and Co was founded in Madras by
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683:Indian companies established in 1797
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47:adding citations to reliable sources
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673:Defunct textile companies of India
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507:Nathan, Archana (22 August 2017).
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34:needs additional citations for
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335:. Asian Educational Services.
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1:
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366:"A 200 year old chapter ends"
303:Buckingham and Carnatic Mills
238:Buckingham and Carnatic Mills
184:Buckingham and Carnatic Mills
142:split into multiple companies
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668:Companies based in Chennai
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167:firm based in the city of
658:Banks established in 1797
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540:. 29 September 2014.
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265:John Alexander Boyson
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488:on 10 September 2012
419:Muthiah, S. (2004).
364:(12 November 2001).
296:India's independence
43:improve this article
421:Madras Rediscovered
240:in 1920. They made
220:Hotel Taj Connemara
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643:Arbuthnot & Co
574:The Economic Times
538:The Times of India
280:Arbuthnot & Co
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623:978-81-206-1344-7
576:. 22 March 2010.
460:978-1-64951-690-9
378:on 26 March 2002.
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129:Company type
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41:Please help
36:verification
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362:Muthiah, S.
274:John Boyson
242:khaki drill
652:Categories
600:References
492:6 November
216:Mount Road
208:John Binny
202:John Binny
69:newspapers
638:EID Parry
582:0013-0389
546:0971-8257
513:Scroll.in
371:The Hindu
261:Royapuram
248:in 1884.
246:Bangalore
212:Amir Bagh
165:insurance
99:June 2021
632:See also
263:. Under
153:shipping
518:6 March
194:History
169:Chennai
161:banking
157:textile
83:scholar
620:
616:–139.
587:9 July
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551:9 July
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151:was a
133:Public
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316:Notes
253:Parry
173:India
90:JSTOR
76:books
618:ISBN
589:2024
578:ISSN
553:2024
542:ISSN
520:2024
494:2011
455:ISBN
425:ISBN
337:ISBN
301:The
163:and
139:Fate
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