1977 - The company was incorporated on 14th June and the certificate
commencement of business was obtained on 27th June. It was
formed to take over the Indian business and assets of 8
tea companies comprising 17 tea estates.
- In terms of the scheme of Amalgamation sanctioned by the
High Court the company acquired the Indian undertakings of
sterling companies as a going concern with all their assets
liabilities as at the close of business on 31st December.
company carries on cultivation of tea and coffee plantations.
- Eight sterling tea companies viz., The Assam-Doors Tea Co.
Hope Tea Co. Ltd., The Lebong Chulsa Tea Co. Ltd., The
Darjeeling Tea Co. Ltd., The Chulsa Tea Co. Ltd., The Leesh
River Tea Co. Ltd., The Danguajhar Tea Co. Ltd., and The
Meenglas Tea Co. Ltd., were amalgamated with the Company with
from 31st December.
- 14,43,000 No. of equity shares were allotted by the Company
Assam-Dooars Investments Ltd., U.K. and 7,77,000 No. of
shares of Rs 10 each to Western-Dooars Investments Ltd., U.K.
The balance consideration of Rs 60.2 lakhs was retained by
Company as interest free unsecured loan from (i) Assam-Dooars
Investment Ltd., U.K. (ii) Western-Dooars Investments Ltd.,
both repayble in five equal instalments and the first of such
instalments fell due on 1st January, 1979.
1979 - 7,79,986 shares issued for cash at par. 60,000 shares to
financial institutions (20,000 shares each to UTI, LIC &
59,986 shares to directors, employees and business associates
the Company who are resident Indian nationals and 6,60,000
to the public during July-August.
1983 - 6,00,000 bonus equity shares issued in prop. 1:5.
1986 - 36,00,000 bonus equity shares issued in prop. 1:1.
1989 - 36,00,000 bonus shares issued in prop. 1:2.
1991 - 108,00,000 bonus equity shares issued in prop. 1:1.
1992 - Effective 18th May, Tiru Tea Ltd., which has tea estates in
Darjeeling district of W. Bengal, became a subsidiary of the
1994 - The Company's instant tea project with a capacity of 6,00,000
of instant tea powder of both cold and hot water soluble
made substantial progress.
- The Company received an offer from Himalaya Tea Garden &
(Pvt.) Ltd., Nepal to participate in its equity as a joint
venture partner and play a role with expansion and
1995 - The Company in participation with other major Tea Companies
India, invested in a joint venture company (JVC) project
Blend Pvt. Ltd. This JVC will create a brand image of Indian
Tea for sustained exports to the Russian market.
-The Company is restructuring its operations in Darjeeling by selling
off unviable tea estates and simultaneously trying to acquire good tea
-Mr. BN Ghosh, the present Vice President (Finance) of the Company,
as Wholetime Director (Finance) of the Company, effective January 1,
- Has re-appointed Mr. K S David as Managing Director of the
- Tea major Goodricke plans new exclusive brand for south India.
- Appointed Mr. Prodosh Kumar Sen as an Independent Non-executive
- Appointed Mr. A N Singh as Managing Director & Chief Executive
Officer (MD & CEO).
- Mr. P J Field has been appointed as Non-executive Director.
- Re-appointed Mr. Arun Narain Singh as Managing Director & Chief
Executive Officer (MD & C.E.O).