Incorporated in 1983, Burr Brown (India) is promoted by the Usha group, which also has interests in Usha Ispat, Usha Rectifier, Usha (India), etc. The company is managed by M L Wadhwa and R D Kitson, the directors of the company. It is engaged in the sale of shares and securities, financing services, leasing and hire-purchase services. The registered office of the company was shifted from Delhi to Uttar Pradesh. The company has altered the objectives in the clause of Memorandum of Association by inclusion of the shipping business. The company is entering the shipping business and a loan of Rs 56 cr for this venture has been sanctioned by SCICI, IDBI and IFCI. The ships will transport coke and coal from China and iron ore to China. The shipping division will also service other port-based plants on the east and west coasts.