Jagatjit Industries
Jagatjit Industries will use the proceeds to build the brand appeal of the company's liquor portfolio.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $21.6m | Post IPO Debt | |
| Total Funding | 000k | ||
| INR | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 59 % | (21 %) | 16 % | 10 % | (12 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (7 %) | 9 % | 12 % | 9 % | 8 % | 3 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (13 %) | 1 % | - | 1 % | 1 % | (5 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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The story begins in 1944 in the princely state of Kapurthala, under the patronage of Maharaja Jagatjit Singh. It was here that founder L.P. Jaiswal established Jagatjit Industries, starting with a distillery to manufacture potable spirits. This venture wasn't just about liquor; it was an early industrial play that quickly diversified, adding a carbon dioxide gas plant in 1947 and moving into malt and malt-extract products by 1963. This laid the groundwork for a multi-faceted business that would evolve significantly over the decades. The company is publicly listed on the Bombay Stock Exchange and its portfolio grew to include well-known whisky brands like Aristocrat. Over the years, Jagatjit expanded into food products, glass manufacturing, and even entered a joint venture with Hiram Walker (U.K.) in the 1990s to launch Teacher's scotch whisky in India. However, the journey wasn't without challenges, including facing intense competition and a period of financial losses. A pivotal moment came in 2015 when the founder's granddaughter, Roshini Sanah Jaiswal, took over as Chief Restructuring Officer. The company embarked on a major turnaround, securing over Rs 200 crore in a debt restructuring deal with an arm of the global investment firm KKR in 2016. This capital was aimed at modernizing the company, energizing its core brands, and recapturing market share. Today, after navigating financial headwinds, the company has returned to profitability and continues to adapt, focusing on premium products and strategic expansion.