Binny and Co.

Binny and Co was a shipping, textile, banking and insurance firm based in the city of Chennai, India.

It helped lay the foundations of major industry in Madras with the Buckingham and Carnatic Mills.

In 1903, Binny ventured into coal mining industry and in 1905, it became the local agent for Burmah-Shell, setting up a large storage facility at Royapuram.

Under John Alexander Boyson, Binny pioneered electricity and trams in Madras.

On 16th November, it was taken over by James Mackay, George Mackenzie and Duncan Mackinnon and resurrected as a private limited firm under the Inchcape group.

[6] The Buckingham and Carnatic Mills, the company's only venture that was still successful, began to decline and faced losses by the 1970s due to lack of modernisation and damage caused by flooding.