Tilaknagar Industries’ (TI) promoters and directors have acquired the company’s stake during the period from February 11, 2012 to February 15, 2012. Amit Dahanukar, chairman and managing director of the company has acquired 500,000 equity shares and M L Dahanukar & Co, a promoter group company, has acquired 100 equity shares of Tilaknagar Industries. After the acquisition, the promoters now hold 54.69% stake in the company.
TI is a well-established player and leading player in the expanding Indian Made Foreign Liquor (IMFL) industry in India. TI as a company has created a distinct identity for itself in the IMFL segment, with a diversified brand range and a keen focus on premiumisation. TI’s expansive brand portfolio comprises of over 40 brands featuring two Millionaire brands, ‘Mansion House’ brandy and ‘Madira’ Rum. The company also enjoys is leading position in the Canteen Stores Department (CSD) and has 11 brands registered under it. This channel of distribution is a key driver of overall volumes for the company.
TI has constantly enhanced its core strengths to create a robust business model. At present, TI has state-of-the-art manufacturing set up encompassing 32 facilities spread across India. The company has 1 owned, 3 subsidiaries, 7 lease arrangements and 21 tie-up arrangements. The primary manufacturing facility is located in Shrirampur, Maharashtra with an installed capacity of 200 KLPD which includes a new grain based distillery of 100 KLPD.
| Company Name | CMP |
|---|---|
| United Spirits | 1303.00 |
| United Breweries | 1494.10 |
| Radico Khaitan | 3188.25 |
| India Glycols | 975.65 |
| Allied Blenders | 573.50 |
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