Hello,
We are back with another company!
Hint 
It all started when two britishers came to India in late 1800s. They ventured right from tea, fertilizers, telegraph to even airways.
But during the partition, the company was sold to local entrepreneurs and thus one company was established in Pakistan and one in India. Chemicals and liquor business was in India while tea and shipping went to Pakistan.
Post the partition, the shipping & tea business was then acquired by a Bangladeshi businessman. They further expanded the business into international lending and housing finance. It all went down when the founder fell ill and the business was managed by his younger brother. The business was involved in one the biggest scams.
Meanwhile, the India business kept flourishing and was acquired by a group company of a listed company in 2005, founded by a scotsman.
Its alcoholic beverage division has emerged as a formidable presence in both the domestic and international markets. However, in Bangladesh, the company is struggling to survive. Currently, company officials feel that its closure is inevitable, with the only uncertainty being the timing.
@trust_level_0 take your best guess!
5 Likes
Shaw Wallace and company
It all started when two britishers came to India in late 1800s. They ventured right from tea, fertilizers, telegraph to even airways.
Established in 1886 and company focussed on tea and silk business.
But during the partition, the company was sold to local entrepreneurs and thus one company was established in Pakistan and one in India. Chemicals and liquor business was in India while tea and shipping went to Pakistan.
Indian and Pakistani Shaw Wallace formed in 1947
Post the partition, the shipping & tea business was then acquired by a Bangladeshi businessman. They further expanded the business into international lending and housing finance. It all went down when the founder fell ill and the business was managed by his younger brother. The business was involved in one the biggest scams.
In 1972 Bangladeshi Business Consortium had bought Shaw Wallace from Pakistan giving rise to Shaw Wallace Bangladesh Limited. Money of SWBL used for International Leasing and Housing Finance Ltd and National Housing Finance and Investments Ltd. Company also involved with shipping and spices business, tea exports. Rezaur Rahman who was part of leadership fell ill in 2008 and business was managed by his younger brother. Company went down hill almost since 2012 and sold a lot of there legacy business. Nurul Alam who was M.D of company was alleged to be involved in PK Halder Scam
Meanwhile, the India business kept flourishing and was acquired by a group company of a listed company in 2005, founded by a scotsman.
United Spirits bought Indian Shaw Wallace and Company.
Its alcoholic beverage division has emerged as a formidable presence in both the domestic and international markets.
McDowell products.
However, in Bangladesh, the company is struggling to survive. Currently, company officials feel that its closure is inevitable, with the only uncertainty being the timing.
2019 - present day no turnaround and company might close.
On a lighter note i’m waiting for return of Vijay Mallya to throw a huge party in UB Tower 
2 Likes
United Spirits Limited (USL) 
@ValueInvestor0 you are right!
