Guest Keen Williams
Guest Keen Williams is an Indian engineering firm started in Howrah, West Bengal in the 1920s by Henry William.
Core business
[edit]Its main business was manufacturing nuts and fasteners in collaboration with GKN (Guest Keen and Nettlefolds of Birmingham).[1] Later the company went on to become a major manufacturing and engineering enterprise in Howrah and Kolkata (Calcutta). The company's main manufacturing facility is still located at Currie Road in Howrah and its registered office at Shakespeare Sarani in Kolkata, West Bengal.[2]
Company Divisions
[edit]The company had four operating divisions: precision pressing division, steel division, fastener division, and engineering and forging division. The Precision pressing division made precision presswork for electrical, automotive, and textile industries stampings and strip would cores for electrical industry. The Steel division made electrically melted alloy steels, rolled and bright bars. The Fasteners division made bolts, nuts, screws and other fasteners. Engineering and forging division produces drop upset and press forgings.
In 1991 the name of the company was changed from Guest Keen William Ltd., to GKW Ltd. Later GKW became involved in making points and crossings for Indian Railways, and also in making stampings for motors, etc.
Decline
[edit]
All the divisions of the company were affected due to the industrial slowdown in the capital goods industry in the 1990s and the company continued to lose market due to sluggish demand and was eventually referred to Board for Industrial and Financial Reconstruction (BFIR).
The company laid off majority of its work force at its Currie Road unit at Howrah and remained locked-out until date. In 2004, GKW Ltd delisted itself from Calcutta & Mumbai Stock Exchanges. It is currently listed only at the National Stock Exchange of India.[3] Currently the company's operations elsewhere in India remain downsized considerably, but it still manufactures fasteners and safety pins from an amazingly antique factory in Bhandup, Mumbai.[4]
References
[edit]- ^ Jones, Edgar (1990). "Guest, Keen, Williams in India". A History of GKN. Palgrave Macmillan. pp. 345–365. doi:10.1007/978-1-349-09664-0_11. ISBN 9781349096664.
- ^ Agarwala, Prakash Narain (1991). The Role and Impact of Multinationals. Allied Publishers. p. 177. ISBN 978-81-7023-288-9.
- ^ Editorial, Reuters. "GKWL.NS - GKW Limited All Listings". www.reuters.com. Retrieved 10 June 2021.
{{cite news}}:|first1=has generic name (help) - ^ Bureau, Our. "GKW inks pact with Western India Forgings". @businessline. Retrieved 10 June 2021.
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