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Jagatjit Industries Limited

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Jagatjit Industries Limited
IndustryManufacturing, Brewery
FounderLadli Prasad Jaiswal
HeadquartersKapurthala, Punjab, India
Area served

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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