Jagatjit Industries Ltd
NSE: JAGAJITIND BSE: 507155
₹138.85
(4.08%)
Sun, 11 Oct 2026, 11:47 am
Market Cap (in Cr)614.86
PE Ratio59.68
Dividend0
Consumer Non-Durables
Beverages: Alcoholic
24.5KCompany History
1944
- The Company was incorporated at Hamira (N.R.).
1947
- A plant was set up to produce carbon dioxide gas.
1963
- The Production facilities were substantially expanded by the setting up of modern and up-to-date plants 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 collaboration with Wander Limited, London.
1968
- The Company started selling malt whisky under the brand name ARISTOCRAT.
1970
- Malted milk under the brand name VIVA was manufactured in the malted milk food plant and placed in the market.
1971
- Another whisky under the brand name of BONNIE SCOT was introduced.
1976
- A new malted milkfood product under the brand name MALTOVA was launched in the market.
1980
- Universal Glass Ltd., was amalgamated with the Company with effect from 1st January.
1981
- 75,000-13.5% non-convertible debentures of Rs 100 each were offered as rights in April.
- Only 73,277 debentures were taken up.
1982
- 4,954-9.5% pref. shares were redeemed.
- 65,402-11% pref. shares were issued without payment in cash to shareholders of Universal Glass Ltd., on its merger.
- Dividend on these pref. shares was raised to 13.5% w.e.f. 6.11.1981.
1985
- 10,021 pref. shares were redeemed.
- 14,14,514 bonus equity shares were issued in prop. 1:1.
1988
- Potato chips under the brand name BINNIES and PET containers were introduced.
- 30,29,028 bonus equity shares were issued in prop. 1:1.
1989
- The Company raised a sum of Rs 400 lakhs by the issue of privately placed debentures.
1991
- The Company issued 5,00,000 - 15% non-convertible debentures of Rs.100 each on private placement basis.
1992
- The reduction in profit was caused by a strike for about four months due to labour unrest in the Glass Factory located at Sahiabad.
- Non-Convertible Debentures of Rs.500 lacs were issued.
- An amount of Rs.16.12 lacs was paid towards redemption of Debentures.
- 60,58,056 bonus equity shares were issued in prop. 1:1.
1993
- The Company incorporated a joint venture with Hiram Walker of U.K. with 50% equity participation under the name Hiram Walker (India) Ltd.
1994
- The Company signed a 50:50 joint venture agreement with Brown Formen Corporation USA for alcoholic beverages in India.
- 121,16,112 bonus equity shares were issued in prop. 1:1.
1996
- The Company expects a rise in its Liquor business as Haryana reversed its prohibition policy.
- The Company successfully issued 12,60,500 Global Depository Receipts.
1997
- Sales and other income rose marginally to Rs 396.37 crores.
- The Company expects a rise in its Liquor business as Haryana reversed its prohibition policy.
- 25,210,000 equity shares were issued in pursuant to the GDR issue.
- Brown-Forman Beverages Worldwide launched Forester 1870, Kentucky Straight bourbon whisky in India in collaboration with Jagatjit Industries Ltd.
1998
- Jagatjit Industries entered into a joint venture with Brown-Forman after parting ways with Hiram Walker.
- Brown-Forman launched some of its whiskeys in the country through its JV with Jagatjit.
- Jagatjit Industries offers family nutritional drinks like Maltova, Viva and Complan through its wholly owned subsidiary Milkfood Limited.
1999
- Jagatjit manufactures potable and industrial alcohol with an approximate market share of around 10 per cent.
- The company established Aristocrat as a leading whiskey brand in northern India.
- The company has an established market share and has been performing reasonably well.
2002
- Jagatjit Industries replaced Godrej Foods in BSE-500.
2004
- Jagatjit Industries Ltd. recommended a final dividend at 5% for the year 1999-2000.
2006
- Mr. Sudhir Avasthi was appointed as Additional Director of the Company.
2008
- Mr. Narender Sapra and Mr. Ravi Manchanda were appointed as Directors of the Company.
2012
- Mr. Narender Sapra was designated as Managing Director of the Company.
2013
- Mr. Gautam Pal was appointed as Additional Director of the Company.
2014
- Mrs. Anjali Varma was appointed as Additional Director of the Company.
- Mr. Anil Girotra was appointed as Chief Financial Officer (CFO) of the Company.
