1967 - The Company was Incorporated on 18th December, under the name
of Maharashtra Radio & Electronics Ltd. It was promoted by
Maharashtra Sugar Mills Ltd., as its wholly owned subsidiary
carry on the manufacture of transistor radios and television
- Due to recessionary trend in the electronics industry, the
company took over the non-sugar activities and properties of
Maharashtra Sugar Mills Ltd. (MSM), with effect from 1st
1973. The name was changed to the present one on 20th
- The Company's object is to manufacture Indian made foreign
country liquor, industrial alcohol, chemicals, sugar cubes,
1974 - The company ceased to be a subsidiary of MSM from 27th
1975 - The Company undertook to set up a chemical division at
initially for the manufacture of alcohol based chemicals.
- The Company undertook the modernisation of the distillery
The installation of a new analyser and rectification columns
along with necessary balancing equipment in the chemical
- After having brought diethyl oxalate under licencing
of the Industries Development and Regulation Act, Government
permitted the company to manufacture 250 tonnes per annum of
diethyl oxalate. Steps were taken to achieve the licenced
1979 - 50,530 shares issued to Maharasthra Sugar Mills Ltd. with
1981 - 63,320 shares issued to the public (prem. Rs.10 per share).
1982 - Profits however, declined due to increase in costs without
corresponding increase in selling prices.
- The Company concluded an arrangement with a Nagpur distillery
bottling by them the company's MASTERS range of IMFL
1983 - The margins were adversely affected due to difficult market
conditions and continued cost escalation.
- The performance of the potable liquor division was not
satisfactory due to slackness in demand. The CLASSIC extra
fine whisky which was introduced in the previous year met
- The Company also launched MANSION HOUSE range of whisky,
and gin produced under the technical advise of B.V. Utomji,
1984 - The distillery division, however suffered a setback with
production and sales declining due to uncertainty in getting
timely allotment of molasses. Production of country liquor
but turnover was higher due to upward revision of country
prices, from May.
1985 - Production of the country liquor was lower due to increased
of the available alcohol for the manufacture of IMFL
1986 - Production of country liquor declined due to a sharp increase
the excise duty at Maharashtra and diversion of molasses by
company for the manufacture of IMFL products that fetched
- The distillery division suffered a further set back on
of non-availability of molasses due to drought in Ahmednagar
district and increase in input costs.
- The oxalic acid plant remained inoperative for most part of
year due to technical problems.
- The Company concluded three more similar bottling
to effectively meet the demand for the company's products and
new units commenced production during the year.
1987 - Though turnover of the potable liquor division increased to
Rs.6.35 crores, the profitability of the division was
affected due to introduction of new duty at Rs.1.50 per B.L.
transfer of alcohol from the distillery to the portable
plant and the country liquor plant, increase in export fee to
Rs.2 per B.L. and increase in import fee on IMFL products.
- The operations of the distillery division were adversely
due to non-availability of water as a result of drought and
due to inadequate availability of molasses.
- The performance of the chemical division was not satisfactory
to sluggish demand for the unfavourable pricing of diethyl
- The Company concluded one, more external bottling arrangement
with Ravier Distilleries Ltd., Gwalior Madhya Pradesh.
- 2,75,000 bonus shares issued in prop. 1:1. Authorised
1988 - Operations of the chemicals division became uneconomical due
non-availability of oxalic acid in the local market at a fair
- As a measure of diversification, the company took over from
Maharashtra Sugar Mills Ltd., its glass bottle manufacturing
plant as a going concern along with the assets and liabilities
the division with effect from 1st February.
1989 - A new brand of whisky RED STRIPE WHISKY was introduced.
- Performance of the glass division was satisfactory due to
recommissioning of the furnace and completion of the
- 2,75,000 rights equity shares allotted for cash at par in
1991 - Sales turnover declined due to total suspension of production
glass unit from August, owing to its uneconomic working.
- A Bio-Methanisation plant for primary treatment and disposal
distillery effluent was being installed.
- The Company had reached an understanding with Altair, France,
manufacture of `Courier Brandy' in their distillery, subject
the approval of the Government of India, RBI and other
authorities. The French collaboration will be providing
technical know-how, supply necessary plant and equipment,
the company's technical personnel in France and permit the
company to use their brand name `Courier Brandy' for domestic
and export sales. As a lumpsum consideration, the company
proposed to issue and allot to the collaboration 75,000 No.
equity shares of Rs.10 each at par for consideration other
1992 - The Company had given on lease its glass bottle manufacturing
unit to Ramnath Glass Containers Pvt. Ltd. for 10 years with
effect from 20th March.
-Tilak Nagar Industries Ltd Issues Rights in the Ratio of 1:2
-Tilak Nagar Industries has given the Bonus in the Ratio of 2:1
--Registered Office of the Company has been shifted from 3rd Floor,
Industrial Assurance Building, Churchgate, Mumbai - 400020 to P.O.
Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra - 413720
-Tilak Nagar Industries has given the Bonus in the Ratio of 2:1
- Tilaknagar Industries Ltd. wins trademark battle in Bombay High
-Tilaknagar Industries Ltd announces the appointment of Mr. Laxmi
Narasimhan as Deputy Managing Director.
-Hockey Stars to Endorse Mansion House.
-Tilaknagar Industries Ltd. awarded the Gold shield by ICAI for
Excellence in Financial Reporting.
-Tilaknagar Industries launches Seven Islands Vintage - Single Malt
Scotch Whisky in London.
-Tilaknagar Industries Ltd. Wins Prestigious CSD Award.
-Tilaknagar Industries Ltd. to divest its stake in its subsidiary -
-Tilaknagar Industries acquires IFB Agros IMFL business.
-Tilaknagar Industries Ltd. Appoints Mr. Vijay K Rekhi as Chairman
and Mr. Ratneshwar Prasad as member of the Companys board of