Mansion House Brandy Financial Overview
60000 Our journey
00000 The turnaround well and truly coming to fruition
1933-2007
2008-2014
2014-2017
2018 onwards
ESTD. 1933
T
o Founded in 1933 as
Maharashtra Sugar Mills Ltd.
(MSML) to manufacture sugar
and allied products
o Tilaknagar Distilleries and
Industries Ltd. (TDIL) promoted
as 100% subsidiary of MSML to
manufacture industrial alcohol,
IMFL and sugar cubes
o TDIL merged with MSML after
MSML exits sugar business and
renamed to Tilaknagar Industries
Acquired subsidiaries Vahni
Distilleries (Karnataka), Prag
Distilleries (Andhra), Kesarval
Springs Distillers (Goa) and
PunjabExpo (Punjab)
Acquired seven brands from
Alcobrew Distilleries for CSD
segment and IFB Agro's IMFL
business ('Volga' vodka and
'Blue Lagoon' gin) for an entry
into East Indian markets of West
Bengal, Assam and Odisha
Commissioned expansion of 50
KLPD molasses based distillery
to 100 KLPD and 100 KLPD
grain based distillery
At its peak, registered net
revenue of 824 crs in FY14
Expansion project at Prag stalled
Defaults in repayment to banks
and financial institutions
o Sale of assets of Kesarval
Springs Distillers to Indospirit
Beverages Pvt. Ltd. in 2015
о
О
Restructuring of debt completed
with EARC and one-time
settlements reached with all
lenders
Enters into 10 yrs agreement to
manufacture products for Pernod
Ricard products in Maharashtra
EBITDA more than doubled in
FY23 to 137 crs
Volumes in FY23 at 9.6 mn
Raised more than 310 crs
through preferential issue of
equity + warrants, since Dec-21
Edelweiss ARC debt refinanced
through existing cash reserves &
Term Loan from Kotak Mahindra
Bank
CRISIL assigns A-/Stable rating
in January 2024
Tilaknagar Industries Ltd.
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