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India's 100 Year Old Firms, That Are Still Young
By siliconindia
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Friday, 14 October 2011, 02:39 IST |
2 Comments
4. Calcutta Electricity Supply Corporation:
CESC was recorded in London in the year 1887 with a capital of 1000 pound sterling. It was initiated for providing power to Calcutta. The capacity of the company in the start was 3 boilers of 500 horsepower each. This operation was a great hit giving new life to the city residents. The Europeans enjoyed dancing in ball rooms under electric fans. The hand fan went out of fashion and tramcars were used instead of horses. The consumers in 1912 were 6000 and at present it is 2.4 million people. CESC was controlled from London till early 1970s, later it became a rupee company and it was Chittajit Das Gupta who supervised the company. He joined CESC as a trainee engineer in mid 1950s and retired as a deputy managing director in the year 1999.
