Tilaknagar Industries Ltd Share Price

History of Tilaknagar Industries Ltd

Tilaknagar Industries Limited (TIL) , formerly known as The Maharashtra Sugar Mills Limited is a recognized player in the alcoholic-beverages industry with an outstanding collection of brands. It has built a leading portfolio of brands across IMFL segment including Whisky, Brandy, Rum, Gin and Vodka. Company has some of the best performing and most trusted brands in South India and CSD stores and also has presence across regions like South-East Asia, African countries, Middle East and Europe. TIL is built and sustained through innovation and it curates experiences with evolving consumer preferences. The Company has ultra-modern set up with robust manufacturing facilities comprising of 1 owned facility, 3 operating liquor subsidiaries, 12 leased/tie-up units strategically located across ... India. It has 100 KLPD molasses based and 100 KLPD grain-based distillation plants and IMFL Bottling Plant at Shrirampur (Maharashtra). The Company was promoted on July 29, 1933 by the illustrious industrialist and visionary Shri Mahadev L Dahanukar popularly known as Babasaheb Dahanukar. The Company is primarily involved in manufacturing and sale of Indian Made Foreign Liquor (IMFL). Babasaheb's efforts were guided by noted freedom fighter Lokmanya Balgangadhar Tilak, and he named the factory complex Tilaknagar as a token of respect for Lokmanya Tilak. In deference to the policy of the Government to have all sugar businesses in the country under the control and management of Co-operative Societies formed by farmers, the Company had to stop its sugar business in 1987. Tilaknagar Distilleries & Industries Ltd. was promoted as a 100 per cent subsidiary of The Maharashtra Sugar Mills Ltd. The year 1973 saw Tilaknagar Industries diversify into the businesses of Industrial Alcohol, Indian Made Foreign Liquor (IMFL) and Sugar Cubes. Both Maharashtra Sugar Mills Ltd. and Tilaknagar Distilleries & Industries Ltd amalgamated with effect from August 6, 1993. Since then the company has been engaged in the business of manufacture and distribution of spirit and Indian Made Foreign Liquor (IMFL). There has been no change in the promoter of the company. The Dahanukar family continues to be the promoter of TI(Tilaknagar Industries), sharing the same vision and values of the founders. Due to its core competency in alcoholic beverages and conscious efforts,the company swiftly established its distinct identity in the liquor industry. The Company unveiled the striking new super-premium Seven Islands Vintage Single Malt Scotch Whisky in London in April 2012. It launched Mansion House Whisky in Andhra Pradesh, Maharashtra, Karnataka, Odisha, Assam, Puducherry, Goa and Madhya Pradesh. It launched TI's VSOP Brandy and White House Rum in Tamil Nadu and Kerala respectively during 2011-12. The Company has launched Seven Islands Vintage Single Malt Scotch Whisky in Chennai in October 2012 in super premium category followed by subsequent launches in Delhi and Chandigarh. During the year 2012-13, the Company acquired 26% stake in Mason & Summers Marketing Services Pvt. Ltd., which is engaged in the sales, marketing and distribution of the branded products of Mohan Meakin Ltd. and its affiliates including iconic brand 'OLD MONK RUM' in North and East India. It commenced construction work for the State of Art IMFL bottling facility at Shrirampur, for catering the increased production load. During financial year 2013-14, the Company acquired the IMFL business of IFB Agro Industries Ltd. ('IFB'), Kolkata including two of its most popular brands in Eastern Indian Markets of West Bengal, Assam and Odisha i.e. 'Volga' Vodka and 'Blue Lagoon' Gin. White House XXX Matured Rum, launched in the Mar'12 became the 3rd home-grown Millionaire Brand of the Company; the Company got new aesthetic and visually appealing packaging of Mansion House French Brandy designed from London based internationally reputed brand design agency for introduction in the markets; z Senate Royale Whisky has become the leading Whisky in the State of Odisha in the semi-premium segment; the Company divested the entire stake held by it in P. P. Caps Pvt. Ltd., wholly owned subsidiary and the same has ceased to be subsidiary of the Company w.e.f. January 16, 2014. During the financial year 2014-15, it increased its own bottling capacity to 0.28 million cases per month and commissioned a new state-of-the-art IMFL bottling facility project based on Plant in Plant' concept in Shrirampur. The Company has re-commenced the bottling operations in the State of Tamil Nadu during the financial year 2017-18. During the year 2018-19, the Trademark License agreement entered into on April 10, 2017 by the Company with PunjabExpo Breweries Private Limited, wholly owned subsidiary of the Company was amended with effect from April 01, 2018. The Company launched one of its premium brands, Courrier Napoleon Brandy - Green in the State of Andhra Pradesh in December 2020. The Company began production of brands of French multinational Pernod Ricard India Private Limited at its Shrirampur bottling facility in Maharashtra, from February 15, 2022. In 2023-24, four wholly owned subsidiaries of the Company, Kesarval Springs Distillers Private Limited (KSDPL); Mykingdom Ventures Private Limited (MVPL); Srirampur Grains Private Limited (SGPL); and Studd Projects Private Limited (SPPL) got merged with the Company via Scheme of Amalgamation and made it effective from May 17, 2023. In FY 2025, TIL launched Mansion House Gold Barrel Whisky in Eastern and North-Eastern states, increase footprint in South India. It entered into a usership agreement with Spaceman Spirits Lab, to sell its brands, namely Samsara Gin, Sitara Rum and Amara Vodka. It ventured into luxury brandy segment with launch of Monarch Legacy Edition Brandy in FY25.