1946 - The Company was incorporated as a private company and
into a public company on 25th July, 1947.
- The Company carries on business as exporters of
gunnies and general produce; as insurance and shipping
importers and manufactures of wine and spirits, timber
products. The Company also manufactures glue
agricultural spraying equipment, sulphuric acid, etc.
1947 - 75,000 Pref. and 6,50,000 No. of equity shares issued to
of Shaw Wallace & Co. in consideration of taking over
1958 - The Company continued to be sole distributors for the
of Bengal Distilleries Co (P) Ltd., manufacturers of
Whiskey, Brandy, Gin and other items.
1959 - The Bengal Distilleries became a fully owned subsidiary of
- The Company in collaboration with Distilleries Co., Ltd.,
U.K., formed Indian Yeast Co. (P) Ltd. for the
bakery yeast and held the majority of the shares in this
- The Company also acts as Agents for the wines and spirits
Johnnie Walker, Gordons, Allsopps, Exshaws, Haywards,
1963 - The Company completed negotiations to sell a comprehensive
of agricultural products of Sandoz (India), Ltd., and
Products (P) Ltd.
1966 - Bengal Distilleries Co., Ltd., was merged with the Company.
- 2,50,000 bonus equity shares issued in the proportion
1967 - Distillery at Hyderabad produced a dry and sweet table wine
sweet red fortified table wine under the brand name
1969 - A new malt whisky, `Kings Blend' was successfully launched.
1975 - 10,00,000 bonus equity shares issued in the proportion 1:1.
1977 - 20,00,000 bonus equity shares issued in the proportion 1:1.
1981 - 20,00,000 bonus equity shares issued in the proportion 1:2.
1982 - A letter of intent was received for a synthetic detergent unit
the Fatehpur district of U.P.
1983 - Letters of intent were received for manufacturing white
in Himachal Pradesh and for establishing an undertaking
manufacture gypsum boards, blocks, tiles, etc.
1984 - A letter of intent was received for the manufacture of
1985 - In January, Sime Darby disposed of its holding in Shaw Wallace
the sale of R.G. Shaw & Co. to a Hong Kong based
Carrasco & Co. which was controlled by a non-resident
- The Company petitioned the Company Law Board (CLB)
enquiry into the true nature of the sale and whether it
provisions of the FERA and MRTP Act or not.
1985-86 - In Computer Services Division a process control software
package was being developed with the technical
a European Software House to be marketed within India and
1986 - The Company launched `VSOP', a deluxe brandy and `Pink Lady',
- The Company entered into long term supply arrangement
American buyer for monthly supply of stipulated quantity
footwear on an annual basis. Govt. provisionally
footwear unit of the Company, making it eligible for
drawback on f.o.b. value of exports.
- A joint venture Company was set up in collaboration with
Energy Corporation Inc., U.S.A. to undertake contract
and for supply of rigs and other equipment for offshore
onshore projects of ONGC and Oil India.
- Another joint venture was being promoted in collaboration
Geophysical Services Inc., a subsidiary of Texas
Inc., U.S.A. for rendering services to the oil and gas
in India for exploitation and development of oil and gas
by providing complete facilities for collections and
data from seismic survey.
- In August, R. G. Shaw & Co. filed petitions in the
seeking special leave to appeal against the Calcutta High
order of 4th July, which refused to fix a date for the
vacation of the stay ordered by a Pune Civil Court judge
holding of an AGM or EGM.
- On 26th September, the Supreme Court directed the Company
its pending AGM and two EGMs on the 19th, 20th and 21st
- In order to streamline the holding of investments, it
proposed that fourteen subsidiary investment companies
Group be merged with Shaw Wallace & Co. Ltd.
1987 - A new products, Acephate, was introduced. Approval was
for the manufacture of other phosphorous based
- 60,00,000 bonus equity shares issued in the proportion
1988 - The Shipping division secured agency of Lykes Lines, New
and agency for crew recruitment of Schulte Group of
West Germany. The agency agreement with CMB of Belgium
terminated due to conflict of interest.
- Following approval of the CCI and the High Court of
75,000-14% secured, redeemable, non-convertible
debentures of Rs
100 each were issued at par in proportion 1:1 and
the year to the holders of 6% cumulative preference
lieu of their holding in terms of the Scheme of
1989 - Production of superphosphate at Avadi was adversely affected
to poor availability of raw material and reopened in
- The Real Estate Division launched projects in Mumbai,
and Chennai and the public response was satisfactory.
1990 - Production of Glue & Gelatine was affected due to drought
conditions, labour unrest and raw material shortages.
- A new vodka, `Karmazov' and a new rum, `Magic Million'
- The freehold land and buildings of the Company were
on 31st March, and the net surplus of Rs 2,050.44 lakhs
out of this was credited to capital reserves.
1991 - 118,56,700 bonus shares issued in the proportion 1:1.
1992 - During the year, the Company had issued Bonus Shares in the
proportion of One new Bonus Share for every Ordinary
by the Shareholders.
- Accoustic Enclosure Systems have been installed in the
Superphosphate Granulation Plant to reduce Noise
- Charminar Breweries had entered into an agreement with
to manufacture some of the more reputed SEC brands,
Haywards 2000, Haywards 5000 and Royal Challenge beer.
1993 - During the year under review Doburg Lager Breweries Ltd. and
Multiplex Investments Ltd. became subsidiaries of the
while Kerala Chlorates & Chemicals Ltd. and Rajasthan
& Chemicals Ltd., ceased to be subsidiaries.
- New products have been developed, product quality has
improved. Significant savings in cost reduction and
improvement have been achieved.
1994 - The Shipping Divisions activities were reduced to a marginal
level. Efforts were being made to consolidate and
the activities of the division.
- The Company offers agency coverage at all major ports in
Pakistan and Ceylon and has sub-agents at all minor
- 237,13,400 bonus shares issued in the proportion 1:1.
shares kept in abeyance.
- Alaknanda Manufacturing & Finance Ltd., Haywards
Malleswara Finance & Investment Co. Ltd., and Vibhavari
Investment Co. Ltd., became subsidiaries of the
- In addition, Rajasthan Phosphorus & Chemicals Ltd;
Leather Ltd., Shoe Specialities Ltd., Mukherjee
and Golconda Stud & Agricultural Farm Ltd., also became
subsidiaries of the Company.
1995 - In the absence of major liner agency, the shipping activities
were reduced considerably and the efforts of the company
restructure the activity of the division was not
the Shipping Division was closed during the year.
1996 - During January and February, the Company launched `Hi Life
Whiskey' and White Mischief Vodka' respectively which
encouraging response from the customers. Two more units
Punjab and one in Madhya Pradesh were added to the
during the year.
- During the year under review, Jayanthi Detergents Limited
ceased to be a subsidiary by virtue of the Order of the
Law Board dated 10th April, and Jambo Telecom Limited
to be a subsidiary of the Company with effect from 10th
- During the year, Sea Tech Services Limited had also
ceased to be
a subsidiary, Dunlop Industrial Finance Limited had
subsidiary of the Company with effect from 20th March.
- Showa Investments Limited became a subsidiary of the
effect from 5th June.
- In Granulation Plant, it installed a Dust Scrubber to
the gases coming out of the dryer cyclone. The Company
installed acoustic enclosures to reduce noise pollution.
1997 - India's second largest liquor manufacturer, Shaw Wallace and
Company, has bagged the international excellence award
been named the exporter of the year 1995-96 by the
Council for Small and Medium Exporters.
- The company has also won the export award from the
and Processed Food Exports Development Authority (APEDA)
third consecutive year in 1994-95.
- Shaw Wallace has retained its position as India's
exporter of alcoholic beverages for the fifth
according to statistics available with the Agricultural
Processed Foods Products Export Development Authority
- Shaw Wallace and Company (SWC) seems to be the first
sweeping changes in Maharashtra's state excise policy.
- The factory has been closed for two-and-a-half months due
shortage of working capital.
- Shaw Wallace & Company is offering re-employment to the
employees of Andhra Winery & Distillery at Hyderabad,
closed down following prohibition in the state in
The unit has been closed for more than 30 months.
- Shaw Wallace & Co Ltd said that Haywards 5000 has emerged
not only the country's largest selling strong beer but
the second largest selling beer brand overall in India.
Kingfisher from the UB group is the number one.
- Shaw Wallace and Company has decided to double its beer
manufacturing capacity over the next three years to keep
with the rising demand. The company's current capacity
million cases per annum.
1998 - Bengal distilleries, a Shaw Wallace unit located at
in West Bengal, is all set to undergo expansion and
- Shaw Wallace has launched its premium beer brand Royal
Premium Lager in 330 ml cans.
- Shaw Wallace & Co Ltd has proposed the sale of three
divisions - gelatines, agrichem and Shaw Wallace & Hedges
apart from consumer products to repay the total of
crore owed to its 178 creditors till November, 1997.
- Shaw Wallace & Co has set up an independent central
co-ordination committee for improving management
- The company is setting up a new plant in Chandigarh to
ossein, an intermediate for its main product, gelatines.
- Shaw Wallace Gelatines Ltd (SWGL) has decided to diversify
liquor, beer, glue, modified glue, empty capsule shells
- In January, Bengal Distilleries, Shaw Wallace's West
unit became the second distillery in the country to
ISO 9002 certification.
- The company has set up an R&D centre at Maharashtra
- The Agricultural and Processed Food Exports Development
(APEDA) has awarded Shaw Wallace and Company (SWC) as
exporter of alcholic beverages for 1997-98.
- The company has tied up with Winsome Breweries located in
Rajasthan and Mohan Meakins-owned Mohan Rocky
located in Maharashtra.
- Director's Special from Shaw Wallace has emerged as the
popular Indian whisky abroad.
1999 - Shaw Wallace has recently set up a disinvestment committee
recommending the methodology for speedy and transparent
divestment of the company's agri-cheem, gelatine and the
Lanka based trading businesses.
- Liquor major Shaw Wallace & Company has entered into a
alliance with Nepal-based Himalayan Brewery Ltd for
seven lakh cases of its popular beer brands per annum
strengthen its presence in the north eastern region of
- Shaw Wallace & Company Ltd (SWC) has proposed to
its Articles of Association to be able to buy back its
and other specified securities from the existing
and/or from the open market up to 25 per cent of the
of the paid-up capital and free reserves.
2000 - Shaw Wallace & Co (SWC) will launch a new premium Larger beer
brand, exclusively for the Kerala and Karnataka markets,
Breweries Ltd's (UB) strongest turfs in the country.
- Shaw Wallace and Company (SWC) will merge six of its
subsidiaries as part of the second stage of its
- Shaw Wallace & Co (SWC) is planning to set up three to
greenfield plants in Goa, Kerala, Karnataka and Madhya
for manufacturing of its beer brands.
- Shaw Wallace & Company launched a new mild beer called
in flint bottles of 650 ml.
- The Company has entered into a strategic alliance with
Nadu-based Empee Breweries to manufacture 1.2 million
- Shaw Wallace and Co. has launched its flagship European
beer brand `Lal Toofan' in the Indian market.
- Shaw wallace & Company Ltd has chalked out a major
for increasing its presence in the beer segment with
- The Rs. 930-crore Shaw Wallace and Co. Ltd is setting up
Web site which will incorporate its e-commerce model.
- The Company has struck its second strategic alliance to
presence in Nepal's alcoholic beverage market. The new
alliance is with
Singha Brewery Ltd. SWC had earlier tied up
with Himalayan Breweries in Kathmandu.
- The Company proposed to set up a joint venture, a modern
winery with a
chateau surrouned by vineyard close to Bangalore, with
an initial grape
crushing capacity of 2,500 tonnes, expandable to 5,000
tonnes per annum.
- Shaw Wallace, a major alcoholic beverages company of the
of Manu R Chabria, has entered into a strategic alliance
with Singha Brewery
Ltd of Nepal.
- Mr. P.L. Narasimhan, Executive Director of corporate
finance, Mr. M.H. Godhwani
and Mr. Shankar Bhattacharya two Non-Executive Directors
have resigned from
the board of Shaw Wallace & Company.
- The Company will introduce a two-litre mega pack for its
flagship premium whisky,
- Shaw Wallace and Company Ltd. has entered into a
strategic alliance with the
Rajasthan-based Rainbow Breweries Ltd.
2001 - The Company to set up four more breweries in Kerala, Madhya
Pradesh, Goa and Karnataka.
- Manu Chhabria controlled Shaw Wallace & Co. Ltd has set
up a strategic planning
department which will play an active role in taking
decisions regarding capital
expenditure, quality control and setting up new
- Shaw Wallace & Co's premium whiskey brand -- Royal
Challenge which was withdrawn
from the Delhi market, has been reintroduced.
- Shaw Wallace & Company is setting up breweries in
Kerala, Madhya Pradesh, West Bengal
and Karnataka at an investment of about Rs 100 crore.
The first move to have a
footprint in every state.
- Manu Chhabria, the Dubai based chairman of Shaw
Wallace & Co (SWC), the second largest spirit and
beer company in India, is on the look out for a new managing director
for the company.
-Signs MoS with the companies Employees Union for shifting of its
registered office from Kolkota to Maharashtra, which is accepted by
Kolkota High Court.
-Shaw Wallace Employee Federation Union withdraws all the petitions
against the company
-Decides to set up a joint venture with India Breweries and sign
capacity leasing contract to help to improve its brewing capacities.
-Dubai based M R Chabria group decides to acquire the entire 60.93%
shares in the company.
-Senior Executive of the company, Mr A K M A Shamsuddin joins
McDowell as the Chief Operating Officer of the company.
-Mr Vidya Manohar Chabbria appointed as the Chairperson of the
-SWC faces a tax liability worth Rs.1000 cr.
-Public holding in SWA decreased by 0.5 crs.
-Appoints Mercer Human Resource Consulting for the development and
implementation of human resource road map.
-Mr Amar Sinha quits the Directorhip of the company
-High court dismisses ad-interim relief petition of McDowell against
Shaw Wallace and South African Breweries.
-Mr Asif Adil, Mr C K Hazari and Mr R A Shah ropes into the company
as the new directors.
-Jumbo group nominates Kiran, Komal chhabria on the joint venture
boardof Shaw Wallace Ccmpany and SABMiller.
-SABMiller keen on buying strategic shares of Shaw Wallace & Co's
-Enters into a Strategic Joint Venture with Mysore Breweries Ltd.,
Under which Mysore will hold 50% stake in Shaw Wallace Breweries Ltd
-Company hives off brewing and delisting ops.
-Forays into various wine companies for the import and sale of a
range of wines in India.
-K K Modi group files a petition over SWC to recover outstandings of
-Board approves for the delisting of shares from 4 stock exchanges (
Delhi, Chennai, Bangalore and Ahmedabad ).
-Acquies 40% market share in the premium and deluxe brandy mart in
-Appoints McKinsey to work out a business strategy for its liquor
-Mr Komal Chhabria, Executive Director Choosen as the winner of the
Young Achiever's Award 2003 in the field of business instituted by
the society magazine.
- Investment banking and securities firm, Goldman Sachs, is believed
to have mopped up some 10 lakh shares representing 2.09% of Shaw
Wallace & Company (SWC), from the open market.
-Delists shares from Bangalore Stock Exchange, Ahmedabad Stock
Exchange, Madras Stock Exchange and Delhi Stock Exchange exchanges
-- Shaw Wallace has announced that Mr Deepak Chaudhuri, Head of
Traditional Businesses, will takeover as the President of the core
liquor business with effect from April 1
- SWC rolls out 'White Mischief' vodka in TN
-SWC rolls out tamper-proof rum in Kerala
- Shaw Wallace Agrochemicals Ltd, a subsidiary of Shaw Wallace &
Company Ltd (SWC), has been changed to SWAL Corporation Ltd, while
Universal Pesto Chem Industries Ltd has become a subsidiary of SWC
during fiscal 2003-04. In a bid to further streamline and restructure
its business, the SWC management has initiated moves to amalgamate or
merge at least 19 subsidiaries and associate companies of the Shaw