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'''The Bombay Burmah Trading Corporation Limited''', often simply called the '''Bombay Burmah Trading Company''' (BBTC) | '''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 “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. | 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. | ||
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