Incorporated on 25 Sep.'73, Terai Tea Company went public in Nov.'94 and was promoted by Ajit Kumar Agarwala. It belongs to the Terai group of companies. The main business of the company is tea plantation, processing, trading and export of tea. It owns Bagdogra Tea Estate having an annual production of 8 lac kgs of tea. In addition, the company has a separate division for marketing of packet tea under its own brand name My Cup in the domestic market. The company has signed an MoU with Sovincom of Moscow, Russia, one of the leading importer of tea in Russia for export of tea worth Rs 50 cr during 1995-96. It is marketing tea in packetes under the brand names of Terai King, Terai Queen, Terai Rungneet, Monarch, Terai Maharaja, etc. The company came out with a public issue in Apr.'95 at a premium of Rs 40 to part-finance setting up two separate units, one as a 100% EOU for blending and packing for tea and another for the domestic market for blending and packaging of tea. The company has increased its capacity by 15 lacs kg of made tea during 1997-98.