Finlay Tea
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About Finlay Tea

The Company's fascinating journey can be traced back to the late 19th century, specifically in 1882, when the North Sylhet Tea Company Limited and the South Sylhet Tea Company Limited were incorporated in the United Kingdom. Both companies flourished, and by 1886, they collectively owned vast tea plantations, covering an impressive 7,100 acres and 8,040 acres, respectively.

Finlay Muir & Co., based in Calcutta, took charge of managing the estates right from the beginning, with the esteemed Sir John Muir serving as Chairman for both Companies. In 1896, a significant milestone was achieved as the two entities merged to form the Consolidated Tea and Lands Co., Limited. This new venture not only owned substantial tea estates but also possessed extensive land holdings in Assam, the Dooars, Darjeeling, North Travanacore, and Ceylon. To strengthen its financial position, the Consolidated Tea and Lands Co. was listed on the Glasgow Stock Exchange, with Finlay retaining a significant share while also acting as Agents and Secretaries in both India and the UK.

In 1897, certain assets from the Consols South Indian holdings were exchanged for shares in The Kanan Devan Hills Produce Co., Limited. This strategic move further solidified the Company's position in the industry until 1976 when Finlays restructured its public companies, leading to the rationalization of the shareholdings.

By 1949, the Consol Company impressively cultivated a vast area, encompassing 35,381 Acres dedicated to the growth of Tea, Rubber, Coconuts, and Tung. As the Company grew, it reorganized in 1955, transferring its assets into three subsidiaries, with those in Sylhet becoming part of The Consolidated Tea and Lands Co (Pakistan) Limited. After achieving independence, the Company adopted its present name in 1973.

In 1976, a significant reorganization was undertaken by James Finlay, the successor company to the original agents from 1882, which had itself gone public in 1924. As a result, the Indian Gardens were divested from the Group. Furthermore, the Srilankan Gardens had already been nationalized in the early 1970s.

James Finlay continued to own Consol (Bangladesh) as a wholly owned subsidiary until 2006 when management underwent a change.