SENSEX NIFTY
Jagatjit Industries > Company History > Breweries & Distilleries > Company History of Jagatjit Industries - BSE: 507155, NSE: JAGAJITIND
YOU ARE HERE > MONEYCONTROL > MARKETS > BREWERIES & DISTILLERIES > COMPANY BACKGROUND - Jagatjit Industries
Jagatjit Industries
BSE: 507155|NSE: JAGAJITIND|ISIN: INE574A01016|SECTOR: Breweries & Distilleries
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Jul 28, 17:00
51.80
1.9 (3.81%)
VOLUME 500
Jagatjit Industries is not traded in the last 30 days
Company History - Jagatjit Industries
1944 
 
 - The Company Incorporated at Hamira (N.R.).
 
 1947 
 
 - A plant was set up to produce carbon dioxide gas.
 
 1963 
 
 - The Production facilities were sustantially expanded by the
 setting
 up of modern and up-to-date plants, using the latest manufacturing
 techniques, for the manufacture of malt and malt extract.
 
 1966 
 
 - A plant was set up for the manufacture of malted milkfood under
 the
 brand name OVALTINE in technical collaborated with Wander Limited,
 London.
 
 1968 
 
 - The Company started selling malt whisky under the brand name
 ARISTOCRAT.
 
 1970 
 
 - Malted milk under the brand name VIVA manufactured in the malted
 milk food plant, was placed in the market.
 
 1971 
 
 - Another whisky under the brand name of BONNIE SCOT was introduced.
 
 1976 
 
 - In December, a new malted milkfood product under the brand name
 MALTOVA manufactured with indigenous know-how was launched in the
 market.
 
 1980 
 
 - Universal Glass Ltd., was amalgamated with the Company with effect
 from 1st January.  In terms of the Scheme of Amalgamation, members
 of
 Universal Glass Ltd., were allotted without payment in cash 65,402 -
 11% second preference shares of Rs 10 each and 30.201 - 11%
 debentures
 of Rs 75 each of the Company.
 
 1981 
 
 - 75,000-13.5% non-convertible debentures of Rs 100 each offered as
 rights in April.  Only 73,277 debentures taken up.  Rate of interest
 on
 these debentures was subsequently raised to 15%.  The debentures
 were
 redeemable at par in 4 equal instalments in the 7th, 8th, 9th and
 10th
 year from the date of allotment of the debentures.
 
 1982 
 
 - 4,954-9.5% pref. shares redeemed.  65,402-11% pref. shares issued
 without payment in cash to shareholders of Universal Glass Ltd., on
 its
 merger.  Dividend on these pref. shares raised to 13.5% w.e.f.
 6.11.1981.
 
 1985 
 
 - 10,021 pref. shares redeemed.  14,14,514 bonus equity shares
 issued
 in prop. 1:1.
 
 1988 
 
 - Potato chips under the brand name BINNIES and PET containers were
 introduced.  They were well received in the market.
 
 - 30,29,028 bonus equity shares issued in prop. 1:1.
 
 1989 
 
 - The Company raised a sum of Rs 400 lakhs by the issue of privately
 placed debentures of Rs 200 lakhs each with SBI Mutual Fund, Mumbai
 and
 Merwanjee Bomanjee Dalal (since transferred to UTI).  These are
 redeemable at a premium of 5% at the end of 7 years from 8th May.
 
 1991 
 
 - The Company issued 5,00,000 - 15% non-convertible debentures of
 Rs.
 100 each on private placement basis.  These are redeemable at a
 premium
 of 5% at the end of 7 years from the date of allotment of
 debentures.
 
 1992 
 
 - The reduction in profit in the year under report was caused by a
 strike for about four months due to labour unrest in the Glass
 Factory
 located at Sahiabad.
 
 - During the year Non-Convertible Debentures of Rs.500 lacs were
 issued
 and an amount of Rs.16.12 lacs was paid towards redemption of
 Debentures as per details given in Schedule `3'.
 
 - L.P. Investments Limited and Binnies Estates Limited, subsidiaries
 of
 the Company, for the period ended 31.3.1992.
 
 - 60,58,056 bonus equity shares issued in prop. 1:1.
  
 1993 
 
 - The Company incorporated a joint venture with Hiram Walker of U.K.
 with 50% equity partipation under the name Hiram Walker (India) Ltd.
 
 1994 
 
 - The Company signed another 50:50 joint venture agreement with
 Brown
 Formen Corporation USA for alcoholic beverages in India.
 
 - 121,16,112 bonus equity shares issued in prop. 1:1.
 
 1996 
 
 - The Company expects rise in its Liquor business as Haryana which
 had
 introduced prohibition and reversed its policy.
 
 - In May, the Company successfully issued 12,60,500 Global
 Depository
 Receipts each representing 20 underlying equity shares at an offer
 price of US .00 per GDR.
 
 1997
 
 - Sales and other income rose marginally to Rs 396.37 crores.  The
 Company expects rise in its Liquor business as Haryana which had
 introduced prohibition and reversed its policy.
 
 - 25,210,000 equity issued in pursuant to the GDR issue.
 
 - Jagatjit Industries, which broke off with its joint venture
 partner
 Hiram Walker a fortnight ago, has plunged into deeper trouble with
 the
 company's recently appointed president Satish Kaul putting in his
 papers late last week.
 
 - The company has set a target of 10 per cent of the share to begin
 with in the initial year.
 
 - Brown-Forman Beverages Worldwide, one of the largest producers and
 distributors of American whiskey, in collaboration with Jagatjit
 Industries Ltd., launched Forester 1870, Kentucky Straight bourbon
 whisky in India.
 
 1998 
 
 - Jagatjit Industries entered into the joint venture with
 Brown-Forman
 after parting ways with Hiram Walker of the Teacher's Scotch Whisky
 fame.
 
 - Brown-Forman, through its JV with Jagatjit, has already introduced
 some of its whiskeys in the country.  Southern Comfort (Brown and
 Crystal) was the first brand to be launched in early 1997.
 
 - Jagatjit Industries offers family nutritional drinks like Maltova,
 Viva and Complan through its wholly owned subsidiary Milkfood
 Limited.
 
 - The company has one of the most envied distribution networks in
 the
 country.
 
 1999 
 
 - Jagatjit manufactures potable and industrial alcohol with an
 approximate market share of around 10 per cent.
 
 - The company has established Aristocrat as a leading whiskey brand
 in
 northern India.  Apart from alcohol, the company also manufactures
 milk
 products.  The company has an established market share and has been
 performing reasonably well.  It has also entered into joint ventures
 with various international manufacturers to bring in foreign brands.
 
 - The company has not been able to penetrate the health drinks
 segment
 where it faces stiff competition from established foreign players
 such
 as Cadbury's India and Nestle, among others.
 
 2000 - No news.
 
 2001
 
 -No News
 
 2002
 
 -Jagatjit Industries replaces Godrej Foods in BSE-500
 
 2003
 
 -No News
 
 2004
 
 -Jagatjit Industries Ltd. recommended a final dividend @ 5% for the
 year 1999-2000 only.
 
 2006
 
 - Jagatjit Industries Ltd Appointed Mr. Sudhir Avasthi as Additional
 Director of the Company.
 
 2008
 
 - Jagatjit Industries Ltd Appointed Mr. Narender Sapra and Mr. Ravi
 Manchanda as a Directors of the Company.
 
 2012
 
 - Jagatjit Industries Ltd Announced Mr. Narender Sapra who was
 appointed as Whole Time Director for a period of three years w.e.f.
 November 28, 2011, has been designated as Managing Director of the
 Company.
 
 
Source : Dion Global Solutions Limited
Quick Links for Jagatjit Industries
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.