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Jagatjit Industries Limited

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Jagatjit Industries Limited
Public
Traded as NSE: JAGAJITIND
Industry Manufacturing, Brewery
Founded 1944
Founder Ladli Prasad Jaiswal
Headquarters Kapurthala, Punjab, India
Area served
Worldwide
Website {{#property:P856}}

Jagatjit Industries Limited is an Indian Made Foreign Liquor(IMFL) company that manufactures alcoholic beverages, Whisky, Vodka, Gin, Rum and Brandy.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][excessive citations]

History[edit | edit source]

The company was established by Ladli Prasad Jaiswal in 1944, supported by Maharaja Jagatjit, headquartered at Kapurthala, Punjab, India.[23][24] In the early 1990s, the company formed a 50/50 partnership venture with Hiram Walker which ended in a few years. The same fate was followed by a similar partnership formed with Brown-Forman.[24]

Overview[edit | edit source]

The company focuses on manufacturing, distribution, export and sales. The company exports its products in UAE, Oman, Saudi Arabia, Bangladesh, Sri Lanka, Malaysia, United Kingdom, Eastern European and African countries.[25]

Bollywood actress Kalki Koechlin serves as the brand ambassador of IICA Vodka and Sunny Leone serves as the ambassador of AC Black.[24][26]

Partners and Acquisitions[edit | edit source]

The company signed a bottling pact with Som Distilleries and Breweries Limited.[27] The company acquired brands from Scotland’s George Sinclair & Sons, a part of pedigree Scottish family which controls niche scotch whiskey brands like King Henry VIII, Clan Sinclair and Spirit Ascending.[28]

Capitalisation[edit | edit source]

The company raised INR 200 crores from Kolkata Knight Riders(KKR) investment firm.[29][23][30][8]

In 2017, the company raised INR 265 crores as debt funding from Indiabulls Commercial Credit Limited, a part of Indiabulls Group.[29][31][23][32][33]

References[edit | edit source]

  1. "Stock market prediction for January 22–25: Satish Gupta". Moneycontrol. Retrieved 2018-02-13. 
  2. "The Hindu Business Line : Makers of Aristocrat whisky bid to increase market share". www.thehindubusinessline.com. Retrieved 2018-02-21. 
  3. Economic and Political Weekly. Sameeksha Trust. April 1998. p. 940. 
  4. Reporter, S. I. (2018-01-05). "Liquor shares in focus; GM Breweries hits record high on strong Q3 results". Business Standard India. Retrieved 2018-02-13. 
  5. Govind, Deepti (2017-09-11). "Liquor firms bet big on festive season sales". livemint.com/. Retrieved 2018-02-13. 
  6. "Key rejigs at Radico Khaitan, Jagatjit Ind - Times of India". The Times of India. Retrieved 2018-02-13. 
  7. Govind, Deepti (2017-06-29). "GST impact on liquor: Prices may go up marginally as input costs rise". livemint.com/. Retrieved 2018-02-13. 
  8. 8.0 8.1 "Jagatjit Industries cuts workforce, in talks to buy another liquor maker in major rejig". @businessline. Retrieved 2018-02-21. 
  9. "Jagatjit Industries Unveils IICE Vodka Video Ad Campaign with Ka". APHerald [Andhra Pradesh Herald]. Retrieved 2018-02-21. 
  10. "Rediffusion-Y&R wins Aristocrat Whisky's creative and digital duties". www.afaqs.com. Retrieved 2018-02-21. 
  11. Bhandari, Bhupesh (2015-10-03). "Roshini Sanah Jaiswal: Once was Aristocrat". Business Standard India. Retrieved 2018-02-21. 
  12. "Jagatjit promoters fight over shares - Times of India". The Times of India. Retrieved 2018-02-21. 
  13. "The Telegraph - Calcutta (Kolkata) | Business | Tata Motors springs share surprise". www.telegraphindia.com. Retrieved 2018-02-21. 
  14. Dalal, Mihir (2014-08-26). "Vodka sales improve after two-year lull". livemint.com/. Retrieved 2018-02-21. 
  15. "Jagatjit Distilleries set to regain its glory days | Ambrosia India". www.ambrosiaindia.com. Retrieved 2018-02-21. 
  16. Sasidharan (2011). Security Analysis & Portfolio Mgmt. McGraw-Hill Education (India) Pvt Limited. p. 143. ISBN 9780071078016. 
  17. DK (2016-11-01). World Whisky: A Nation-by-Nation Guide to the Best. Dorling Kindersley Limited. p. 321. ISBN 9780241299111. 
  18. People, India Parliament House of the; Sabha, India Parliament Lok (1995). Lok Sabha Debates. Lok Sabha Secretariat. pp. 32,33,205. 
  19. Vishwanath, S. R. (2013). Cases in Corporate Fin Vol-ii. Tata McGraw-Hill. p. 105. ISBN 9781259004780. 
  20. Singh, Ritu (2018-01-24). Stark Raving Ad: A Giddy Guide to Indian Ads You Love (or Hate). Hachette India. ISBN 9789350097687. 
  21. Bhatia, B. S.; Batra, G. S. (2001). Human Resource Development. Deep & Deep Publications. p. 186. ISBN 9788171009619. 
  22. Business India. A.H. Advani. 1998. p. 152. 
  23. 23.0 23.1 23.2 Malviya, Sagar (2018). "Jagatjit Industries to refinance Rs 265-cr debt to clear dues, push growth". The Economic Times. Retrieved 2018-02-13. 
  24. 24.0 24.1 24.2 Bhandari, Bhupesh (2015-10-03). "Roshini Sanah Jaiswal: Once was Aristocrat". Business Standard India. Retrieved 2018-02-13. 
  25. "Jagatjit Industries Unveils IICE Vodka Video Ad Campaign with Kalki Koechlin". @businessline. Retrieved 2018-02-13. 
  26. Ganguly, Shramana (2016). "Jagatjit Industries hopeful of turnaround in 2016-17 even as sales of Aristocrat Whisky plunge to all-time low". The Economic Times. Retrieved 2018-02-13. 
  27. 12, May; 2016; Ist, 02 43 Pm, Som Distilleries enters into bottling pact with 2 cos | The Economic Times Video | ET Now, retrieved 2018-02-13 
  28. "Jagatjit buys scotch brands of Sinclairs - Times of India". The Times of India. Retrieved 2018-02-13. 
  29. 29.0 29.1 "Jagatjit Industries raises Rs 265 crore in debt funding". Moneycontrol. Retrieved 2018-02-13. 
  30. "Jagatjit Industries cuts workforce, in talks to buy another liquor maker in major rejig". @businessline. Retrieved 2018-02-13. 
  31. "Jagatjit Industries raises Rs 265Cr towards working capital needs". www.aninews.in. Retrieved 2018-02-13. 
  32. "Jagatjit Industries raises debt worth $42 mn from Indiabulls Commercial Credit". VCCircle. 2018-01-11. Retrieved 2018-02-21. 
  33. "इंडियाबुल्स कमर्शियल से जगतजीत इंडस्ट्रीज लेगी 265 करोड़ का कर्ज - Navbharat Times". Navbharat Times. 2018-01-11. Retrieved 2018-02-21. 


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