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{{One source|date=April 2017}} | {{One source|date=April 2017}} | ||
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{{Use dmy dates|date=June 2022}} | |||
{{Use Indian English|date=June 2022}} | |||
{{Infobox company | {{Infobox company | ||
| name = The Bombay Burmah Trading Corporation, Limited | | name = The Bombay Burmah Trading Corporation, Limited | ||
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'''The Bombay Burmah Trading Corporation | '''The Bombay Burmah Trading Corporation Limited''', often simply called the '''Bombay Burmah Trading Company''' (BBTC), is a [[corporation]] that was formed in 1863 by the [[Wallace Brothers]] of Scotland. India's second oldest publicly quoted company, BBTC was established to engage in the Burmese tea business through the initial step of taking over the Burmese assets of William Wallace. | ||
The company’s founding occurred when the six Wallace Brothers, originally members of a Scottish merchant house in [[Edinburgh]], first arrived in [[Bombay]] (now Mumbai) in the 1840s. A Bombay partnership was formed in 1848 as | The company’s founding occurred when the six Wallace Brothers, originally members of a Scottish merchant house in [[Edinburgh]], first arrived in [[Bombay]] (now Mumbai) in the 1840s. A Bombay partnership was formed in 1848 as "Wallace Bros & Co". In the mid-1850s the Wallaces set up a business in [[Rangoon]], shipping tea to Bombay. In 1863 the business was floated as "The Bombay Burmah Trading Corporation". Its equity was held by both Indian merchants along with the Wallace Brothers, who had the controlling interests. By the 1870s the company was a leading producer of [[teak]] in [[Burma]] and [[Siam]], as well as having interests in cotton, oil exploration and shipping. | ||
British motivations for the [[third Anglo-Burmese War]] were partly influenced by concerns of the BBTC. The Burmese state's conflict with the BBTC furnished British leaders with a pretext for conquest.<ref name="Webster1998">{{citation|author=Anthony Webster|title=Gentleman Capitalists: British Imperialism in Southeast Asia 1770-1890|url=https://books.google.com/books?id=vH2ssfXKBLwC&pg=PA224|date=15 September 1998| publisher=I.B.Tauris|isbn=978-1-86064-171-8}}</ref>{{rp|224–225}} By the 1880s Wallace Brothers had become a leading financial house in London. This firm was able to affect the intelligence about Burma and, more critically, about the growing French influence in the country.<ref name="Webster1998"/>{{rp|227}} | British motivations for the [[third Anglo-Burmese War]] were partly influenced by concerns of the BBTC. The Burmese state's conflict with the BBTC furnished British leaders with a pretext for conquest.<ref name="Webster1998">{{citation|author=Anthony Webster|title=Gentleman Capitalists: British Imperialism in Southeast Asia 1770-1890|url=https://books.google.com/books?id=vH2ssfXKBLwC&pg=PA224|date=15 September 1998| publisher=I.B.Tauris|isbn=978-1-86064-171-8}}</ref>{{rp|224–225}} By the 1880s Wallace Brothers had become a leading financial house in London. This firm was able to affect the intelligence about Burma and, more critically, about the growing French influence in the country.<ref name="Webster1998"/>{{rp|227}} | ||
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[[Category:Companies based in Mumbai]] | [[Category:Companies based in Mumbai]] | ||
[[Category:Wadia Group]] | [[Category:Wadia Group]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
{{India-company-stub}} | {{India-company-stub}} | ||