Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Tilaknagar Industries’ long-term loans worth Rs 80.67 crore and long-term bank facilities worth Rs 425.00 crore. The rating agency has also reaffirmed ‘A3’ rating of company’s short term bank facilities worth Rs 45.00 crore. The company has received the said rating on the back of its experience of the promoters and established marketing network for its well-known brands having strong presence in Southern India.
Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor players including whisky, brandy, gin, rum and vodka with presence across India. The company manufactures markets and sells more than 40 brands across all price points.
