Jagatjit Industries Ltd
Jagatjit Industries Ltd share prices have witnessed multifarious movements over the years. The company is the third biggest IMFL producer in the country along with possessing 18 manufacturing units and was founded in 1944. The company aims at ensuring value for money for its stakeholders and customers along with ensuring cutting-edge excellence and quality throughout the spectrum. Founded by Late Mr. L P Jaiswal in Kapurthala (under the patronage of Maharaja Jagatjit Singh), the company is currently listed on the BSE (Bombay Stock Exchange) and this is where you can analyze Jagatjit industries share price India and other movements.
JIL is one of the biggest integrated distilleries in Asia manufacturing potable alcohol and the first in the country with in-house provisions for producing non-molasses and molasses-based potable alcohol from distillation plants that were completely automated. A Heritage of Quality is the guiding motto of the brand and in the year 2015, Roshni Sanah Jaiswal assumed office as Promoter and CRO (Chief Restructuring Officer). JIL has embraced evolution over the years while building a vast portfolio of scotch and single malt whiskeys, vodkas, gins, brandies and rums. This includes three IMFL (Indian Made Foreign Liquor) brands that are in the Millionaires Club, i.e. that selling in excess of a million cases each. JIL has carved its presence in States such as those in North-East India and also Telangana, Andhra Pradesh, West Bengal, Odisha, Kerala and Jharkhand. Globally, the brand’s products have attained popularity in the UAE, Saudi Arabia, Oman, Bangladesh, Malaysia, Sri Lanka, UK and numerous African and Eastern European countries.
Jagatjit Industries Ltd is a small-cap entity, as observed through the Jagatjit Industries share price charts. It has a market capitalization of Rs. 205.13 crore in the beverages-alcoholic category. For the quarter concluding on 31st December 2020, Jagatjit Industries turnover stood at Rs. 115.57 crore in consolidated total income, indicating growth of 4.67% from the Rs. 110.41 crore in income for the previous quarter. The same quarter last year had Jagatjit Industries Ltd turnover standing at Rs. 71.17 crore. The company has 4.61 crore shares outstanding as of 31st March, 2021, which you should know along with the Jagatjit Industries stock price.
1944- Company integrated as Jagatjit Distillery & Allied Industries Ltd. Mother facility set up in Kapurthala under H.E. Sardar Jagatjit Singh’s (Maharaja) patronage.
1945- Opening on 15th February, 1945, by His Highness, the Maharaja of Kapurthala. M/S Spencer & Co. gets responsibility for distribution of IMFL foreign spirits countrywide.
1946- Opening of Jagatjit Chemical and Pharmaceutical Works and Jagatjit Laboratories.
1961- License for manufacturing Malt Extract with 1800 tons annually in capacity.
1962- New product named Malt was started.
1964- Malt Whisky production commenced and new product Malt Extract started.
1965- Collaboration with M/S A Wander Ltd of London for manufacturing iconic Ovaltine malted milk food.
1966- Release of Malted Milk Food- Maltova.
1968- Launch of Aristocrat Malt Whisky.
1969- Launch of VIVA health drink.
1974- Establishment of Universal Glass Ltd.
1988-89- Launch of UK Office.
1994-95- Launch of Teachers Scotch Whisky.
2012- King Henry VIII Blended Scotch Whisky launch.
2011- Clan Sinclair Single Malt Whisky launch.
2013- Launch of IICE Vodka.
2014- Launch of Royal Pride Whisky.
Jagatjit Industries Ltd offers liquor products in the IMFL (Indian Made Foreign Liquor) category, manufacturing scotch, rum, whisky, brandy, vodka and gin and it is also one of the biggest IMFL producers in India. The Millionaire Club has several portfolios including three IMFL brands in the segment which sell more than 1 million cases each while the three brands include Binnie’s Whisky, AC Sek C Whisky and Aristocrat Premium Whisky. Malted Milk Foods is another product division of Jagatjit Industries Limited, encompassing a malt house, modern dairy, malt extract plant and malted milk manufacturing unit. Customers include Cadbury India Ltd, Kraft Foods Ltd, Kellogg India Ltd, GlaxoSmithKline Consumer Healthcare Ltd and AB Foods Ltd (Thailand).
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