The 5-year analysis of Goodricke Group Ltd's performance infers:
We analysed the performance of Goodricke Group Ltd share prices over the last 10 years. Here is what we found out:
Goodricke Group was incorporated in West Bengal on 14th June 1977 as a Public Limited Company under the provisions of the Companies Act 1956 (Act). The company grows, cultivates, manufactures, treats, blends, processes, buys, sells and deals in tea in various forms.
All the 17 existing tea gardens of Goodricke Group were owned by eight Sterling Tea Companies. They had established these tea gardens progressively in late 1800â€™s and were carrying on business in tea in
All the 17 existing tea gardens of Goodricke Group were owned by eight Sterling Tea Companies. They had established these tea gardens progressively in late 1800â€™s and were carrying on business in tea in India. Of this, 12 estates are in the district of Jalpaiguri, 3 in Darjeeling in West Bengal and 2 in Darrang district of Assam.
The sterling companies are -- Assam-Dooars Tea, Chulsa Tea, Hope Tea, Leesh River Tea, Lebong Tea, Danguajhar Tea, British Darjeeling Tea and Meenglas Tea.
Pursuant to Section 29(2)(a) of the Foreign Exchange Regulation Act, 1973, the Reserve Bank of India agreed to grant permission to carry on business to the Sterling companies subject to takeover of the Gardens by an Indian Company to be formed.
Accordingly based on schemes of merger and with the sanction of Calcutta High Court, the 8 Sterling Companies were amalgamated with Goodricke Group with effect from 1st January 1978.
The companyâ€™s diversified brands are:
Apart from fetching world record prices in the recent past, Goodrickeâ€™s Castleton brand is also the first tea garden in the world to receive the ISO 9002 certification.