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Tilaknagar Industries Ltd.

BSE: 507205 Sector: Consumer
NSE: TI ISIN Code: INE133E01013
BSE 00:00 | 21 Jun 41.00 0.65
(1.61%)
OPEN

38.60

HIGH

41.95

LOW

38.55

NSE 00:00 | 21 Jun 41.00 0.70
(1.74%)
OPEN

39.50

HIGH

42.00

LOW

38.55

OPEN 38.60
PREVIOUS CLOSE 40.35
VOLUME 178620
52-Week high 44.95
52-Week low 15.10
P/E
Mkt Cap.(Rs cr) 571
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 38.60
CLOSE 40.35
VOLUME 178620
52-Week high 44.95
52-Week low 15.10
P/E
Mkt Cap.(Rs cr) 571
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Tilaknagar Industries Ltd. (TI) - Company History

Tilaknagar Industries which is the erstwhile The Maharashtra Sugar Mills Limited (MSM) was promoted in 1933 by the illustrious industrialist and visionary Shri Mahadev L Dahanukar popularly known as Babasaheb Dahanukar. The company was then engaged in the manufacture of sugar and allied products.Babasaheb's efforts were guided by noted freedom fighter Lokmanya Balgangadhar Tilak and he named the factory complex Tilaknagar as a token of respect for Lokmanya Tilak. In deference to the policy of the Government to have all sugar businesses in the country under the control and management of Co-operative Societies formed by farmers the Company had to stop its sugar business in 1987.Tilaknagar Distilleries & Industries Ltd. was promoted as a 100 per cent subsidiary of The Maharashtra Sugar Mills Ltd. The year 1973 saw Tilaknagar Industries diversify into the businesses of Industrial Alcohol Indian Made Foreign Liquor (IMFL) and Sugar Cubes. Both Maharashtra Sugar Mills Ltd. and Tilaknagar Distilleries & Industries Ltd have been merged to form Tilaknagar Industries Ltd. with effect from August 6 1993.Since then the company has been engaged in the business of manufacture and distribution of spirit and Indian Made Foreign Liquor (IMFL). There has been no change in the promoter of the company. The Dahanukar family continues to be the promoter of TI(Tilaknagar Industries) sharing the same vision and values of the founders.Due to its core competency in alcoholic beverages and conscious effortsthe company swiftly established its distinct identity in the liquor industry.