Leading Indian Made Foreign Liquor (“IMFL”) company Jagatjit Industries Limited has received funding from leading global investment firm KKR to support the company’s ongoing restructuring efforts.
Jagatjit Industries will use the proceeds to build the brand appeal of The Company’s liquor portfolio – spanning whisky, rum, gin and vodka products across premium labels including Aristocrat – streamline its portfolio, increase manufacturing capacity, strengthen the management team, and expand its distribution reach.
Roshini Sanah Jaiswal, Promoter & Chief Restructuring Officer (CRO) of Jagatjit Industries, said, “Receiving the support of a global investor such as KKR validates Jagatjit Industries’ growth, market potential and the opportunities stemming from our restructuring efforts. It is also a belief in the strength of our iconic brand – Aristocrat.
“We will use these funds as growth capital to take the group to the next level. The funds will support Jagatjit Industries’ restructuring and modernization efforts,” she added.
Jagatjit Industries has been undergoing a massive restructuring under Ms. Jaiswal, who joined the company in November 2014. Since her appointment, Jagatjit Industries has announced several additions to its leadership team across key divisions such as Human Resources, Purchase, Supply Chain Management and Sales.
As part of the restructure, Jagatjit Industries also bought in international packaging house Sedley Place UK to refresh the packaging for its popular whisky brand AC Black and ACP. In addition, The Company worked with the Inver House Distillers from Scotland to improve the blends.
Sanjay Nayar, CEO of KKR India, said, “KKR aims to provide financial solutions to strong partners in India like Jagatjit Industries. We have been impressed with the momentum, focus and execution capabilities of the Jagatjit Industries team throughout the company’s restructuring process, and are pleased for the opportunity to contribute to the company’s ongoing growth and success.”
Jagatjit Industries is a household name in the IMFL sector with a particularly strong presence in Southern states of Andhra Pradesh and Kerala, in the East across Orissa, West Bengal and Jharkhand, and across India’s North and Northeastern states.
Set up in 1944, Jagatjit Industries Limited, is one of the largest IMFL companies with an inception dating back to when India got its independence. The company manufactures the entire range of alcoholic beverages i.e. Whisky, Rum, Gin, Vodka, Brandy & Bottled Scotch Whiskey. Internationally the company exports products to countries all over the world, such as UAE, Oman, Saudi Arabia, Bangladesh, Sri Lanka & Malaysia, U.K., Eastern European and African countries.
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