Incorporated as a Private Limited Company on 25.09.1973 as Terai Tea Company Private Limited under the Companies Act, 1956. The Company became a "Deemed Public Company" pursuant to section 43A(1) of the Companies Act 1956 w.e.f. 26.04.94. Subsequently the share holders of the Company passed a special resolution on 15.11.94 for deleting the restriction clause under section 3(1 )(iii) of the Companies Act and as such the Company became a public limited company within meaning of section 3(1)(iv) of the Companies Act, 1956 and the Registrar made the requisite endorsement on Certificate of Incorporation on 05.01.95. B. MAIN OBJECTS OF THE COMPANY The main objects of the Company as set out in the Memorandum & Articles of Association of the Company inter-alia include: 1. To carry on the business of tea planters in all its branches, to grow, cultivate, produce, prepare, manufacture and render marketable tea, coffee, cinchona and to buy, sell, dispose of, export and deal in tea, coffee, cinchona either in its prepared, manufactured or raw state and either by wholesale or retail. 2. To grow, cultivate, buy, prepare, manufacture and render marketable any seeds, fruits and vegetable produce or products of the soil, and products of agriculture or husbandry and to sell, dispose of an deal in any such seeds, fruits, produce and products in their prepared, manufactured or raw state and either by wholesale or retail. 3. To carry on the business of Timber Growers, Timber Merchants and Saw-mill Properietors and to buy, sell, grow, prepare for market, manipulate, import and deal in timber, wood and fuel of all kinds and to manufacture and deal in Tea Chests and articles of all kinds in the manufacture of which timber or wood is used. C. PRESENT BUSINESS The main business of the company is tea plantation, processing and trading & export of tea. This Company owns Bagdogra Tea Estate situated at Bagdogra in Terai region of North Bengal which has total grant area of 802.08 acres (324.73 hectares), having annual production of 8 lakh kgs. of tea. The Company is also engaged in export of tea, having started this operation only in the year 1992-93. In addition the Company has also started a separate division for marketing of Packet Tea under it's own brand name MY CUP in the domestic market. The Company started it's export division only in the year 92-93, the first shipment having been made only in November, 1992. In just 5 months' time during the year 92-93, the Company could achieve a turnover of Rs.22.09 Crores, which is considered phenomenal for a new entrant. The year 93-94 was considered very bad in view of fall in demand of tea in the Russian Market and the total export of tea from India witnessed a sharp decline. In spite of such heavy odds, the Company could achieve an export turnover of Rs 13.22 Crores in the year 93-94. The Company has already achieved a turnover of Rs. 6 crores upto October, 1994 and has finalised a further order for Rs. 12.54 crores to be executed by March, 1995. The Company is also negotiating further orders for Rs. 6 crores worth of tea to be shipped by March, 1995 and is thus positive about achieving a turnover of Rs. 25 crores during the year 94-95. The Company has also received orders for shipment of 4000 M/tons of tea from April 95 to July 95 from Soviet Russia and thus expects substantially high export turnover during the next year. The Company has already signed a Memorandum of Understanding(MOU) with M/s Sovincom of Moscow Russia, one of the leading importer of tea in Aussia, for export of tea worth Rs.500 Million during the year 1995-96. Thus in spite of heavy odds the Indian tea export business is facing, this Company is growing. This has been possible only because of the policy of the Company to popularise it's brand name in the importing countries. The Company is at present marketing tea in packets under the brand names of TERAI KING, TERAI QUEEN, TERAI RUNGNEET, MONARCH, TERAI MAHARAJA, TERAI SUPER AND TERAI SNOWVIEW. etc. Presently, the Company is blending and packeting tea on a contract basis from outside parties. In spite of excercising proper supervision, problems arising from complete dependance on outside parties are many such as in the fields of quality control, delays in deliveries etc. Hence, it is absolutely essential to have own unit dedicated for blending & packeting with modern machines for tea processing. This will enable the company to plan major expansion in the export market. Area under Tea : 614.86 Acres (248.93 Hectares) Production in last 10 years : Qty. (in Kgs,) 84 (Calandar Year) - 431938 85 " - 417877 86 " - 362992 87 " - 413578 88-89 (15 months) - 449657 89-90 - 470308 90-91 - 537260 91-92 - 454700 92-93 - 535540 93-94 - 709256 2010 -Registered Office of the Company has been shifted from 11, Government Place (East) Kolkata - 700069 to 10, Government Place (East) Kolkata - 700069, 2014 -Terai Tea Company appointed Mr. Hemant Kumar Agarwal as an Additional Director of the company.