- Business
- Williamson Magor & Co. Limited (WILLAMAGOR.BO), a Kolkata-headquartered non-banking financial company founded in 1949, primarily engages in investment activities and lending, with substantial holdings in group entities including McLeod Russel India Limited, Eveready Industries India Limited, Kilburn Engineering Limited and McNally Bharat Engineering Company Limited; it also maintains interests in trading and property ownership. The company, listed on the Bombay Stock Exchange, National Stock Exchange of India, Calcutta Stock Exchange and Gauhati Stock Exchange, operates from its registered office at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata, and holds associate companies such as Majerhat Estates & Developers Limited and Williamson Financial Services Limited, alongside a joint venture, D1 Williamson Magor Bio Fuel Limited, whose projects were suspended due to uneconomical operations, prompting a full provision against the investment. Recent developments include a settlement agreement in May 2023 with IL&FS Infrastructure Debt Fund and others resolving disputes over 995 secured non-convertible debentures through asset adjustments and payments; multiple board changes in fiscal 2025, such as resignations of directors including Debasish Lahiri, Sukesh Dolui and Suvrakanta Mukhopadhyay, and appointments of Lopamudra Chatterjee, Amit Dey, Sonali Datta Sarkar and Tabrez Ahmed; a final arbitration award in September 2025 for INR 508.95 million plus US$564,600; and a Rs 271.53 crore provision for doubtful assets, mainly tied to the joint venture, contributing to a net loss of Rs 181.39 crore for the year ended March 31, 2025 amid ongoing lender negotiations and restructuring.