Follow us
From Rs 431 Crore Loss to Recovery: Inside TIL’s Comeback
New ownership charts ambitious turnaround for TIL, India's oldest crane manufacturer.
6143 Views
In 1944, as the Second World War disrupted global supply chains and sent equipment prices spiralling, three enterprising Scotsmen; Alan Ramsay, Charles Porter, and Robert Wilson, spotted an opportunity in India's infrastructure hunger. They established Tractors India (later rechristened as TIL) as the authorised dealer for Caterpillar Inc., becoming one of the first companies to bring American earthmoving technology to the subcontinent.
A year later, two Danish refugees, Henning Holck-Larsen and Soren Toubro, followed a similar path, signing an agreement with Caterpillar to market earthmoving equipment, giving rise to what became Larsen & Toubro. Both companies started on remarkably ...
RELATED ARTICLES
Explainer: What's in the Latest CAFE III Draft & Why it Matters
Kiran Murali
18 Jul 2026
Proposed to take effect from 2027-28, CAFE III is estimated to tighten fleet-average CO2 emission targets by 16-21% over...
From Banks to E-Mobility: Inside Sumit Mittal’s Multi-Crore Plan to Scale JSW Greentech
Ketan Thakkar
16 Jul 2026
Sumit Mittal, a former infrastructure banker leads JSW Greentech's ambitious entry into electric commercial vehicles thr...
Ashok Leyland, and a Forty-Six-Year Fight Over a Gearbox Plant
Shahkar Abidi
14 Jul 2026
Ashok Leyland's decades-long dispute over a small parcel of forest-classified land at its Bhandara gearbox plant highlig...
