YEAR EVENTS 1967 - The Company was Incorporated on 18th December, under the name of Maharashtra Radio & Electronics Ltd. It was promoted by the Maharashtra Sugar Mills Ltd., as its wholly owned subsidiary to carry on the manufacture of transistor radios and television sets. - Due to recessionary trend in the electronics industry, the company took over the non-sugar activities and properties of the Maharashtra Sugar Mills Ltd. (MSM), with effect from 1st October 1973. The name was changed to the present one on 20th September 1973. - The Company's object is to manufacture Indian made foreign liquor country liquor, industrial alcohol, chemicals, sugar cubes, confectionery, etc. 1974 - The company ceased to be a subsidiary of MSM from 27th September. 1975 - The Company undertook to set up a chemical division at Tilaknagar initially for the manufacture of alcohol based chemicals. - The Company undertook the modernisation of the distillery plant. The installation of a new analyser and rectification columns along with necessary balancing equipment in the chemical division neared completion. - After having brought diethyl oxalate under licencing regulation of the Industries Development and Regulation Act, Government permitted the company to manufacture 250 tonnes per annum of diethyl oxalate. Steps were taken to achieve the licenced capacity. 1979 - 50,530 shares issued to Maharasthra Sugar Mills Ltd. with payment in cash. 1981 - 63,320 shares issued to the public (prem. Rs.10 per share). 1982 - Profits however, declined due to increase in costs without any corresponding increase in selling prices. - The Company concluded an arrangement with a Nagpur distillery for bottling by them the company's "MASTERS" range of IMFL products. 1983 - The margins were adversely affected due to difficult market conditions and continued cost escalation. - The performance of the potable liquor division was not satisfactory due to slackness in demand. The "CLASSIC" extra fine whisky which was introduced in the previous year met with good demand. - The Company also launched "MANSION HOUSE" range of whisky, brandy and gin produced under the technical advise of B.V. Utomji, Holland. 1984 - The distillery division, however suffered a setback with production and sales declining due to uncertainty in getting timely allotment of molasses. Production of country liquor fell but turnover was higher due to upward revision of country liquor prices, from May. 1985 - Production of the country liquor was lower due to increased use of the available alcohol for the manufacture of IMFL products. 1986 - Production of country liquor declined due to a sharp increase in the excise duty at Maharashtra and diversion of molasses by the company for the manufacture of IMFL products that fetched better returns. - The distillery division suffered a further set back on account of non-availability of molasses due to drought in Ahmednagar district and increase in input costs. - The oxalic acid plant remained inoperative for most part of the year due to technical problems. - The Company concluded three more similar bottling arrangements to effectively meet the demand for the company's products and the new units commenced production during the year. 1987 - Though turnover of the potable liquor division increased to Rs.6.35 crores, the profitability of the division was adversely affected due to introduction of new duty at Rs.1.50 per B.L. for transfer of alcohol from the distillery to the portable liquor plant and the country liquor plant, increase in export fee to Rs.2 per B.L. and increase in import fee on IMFL products. - The operations of the distillery division were adversely affected due to non-availability of water as a result of drought and also due to inadequate availability of molasses. - The performance of the chemical division was not satisfactory due to sluggish demand for the unfavourable pricing of diethyl oxalate. - The Company concluded one, more external bottling arrangement with Ravier Distilleries Ltd., Gwalior Madhya Pradesh. - 2,75,000 bonus shares issued in prop. 1:1. Authorised capital increased. 1988 - Operations of the chemicals division became uneconomical due to non-availability of oxalic acid in the local market at a fair price. - As a measure of diversification, the company took over from Maharashtra Sugar Mills Ltd., its glass bottle manufacturing plant as a going concern along with the assets and liabilities of the division with effect from 1st February. 1989 - A new brand of whisky "RED STRIPE WHISKY" was introduced. - Performance of the glass division was satisfactory due to recommissioning of the furnace and completion of the modernisation plan. - 2,75,000 rights equity shares allotted for cash at par in prop. 1:2. 1991 - Sales turnover declined due to total suspension of production in glass unit from August, owing to its uneconomic working. - A Bio-Methanisation plant for primary treatment and disposal of distillery effluent was being installed. - The Company had reached an understanding with Altair, France, for manufacture of `Courier Brandy' in their distillery, subject to the approval of the Government of India, RBI and other authorities. The French collaboration will be providing technical know-how, supply necessary plant and equipment, train the company's technical personnel in France and permit the company to use their brand name `Courier Brandy' for domestic and export sales. As a lumpsum consideration, the company proposed to issue and allot to the collaboration 75,000 No. of equity shares of Rs.10 each at par for consideration other than cash. 1992 - The Company had given on lease its glass bottle manufacturing unit to Ramnath Glass Containers Pvt. Ltd. for 10 years with effect from 20th March. 2005 -Tilak Nagar Industries Ltd Issues Rights in the Ratio of 1:2 2009 -Tilak Nagar Industries has given the Bonus in the Ratio of 2:1 --Registered Office of the Company has been shifted from 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai - 400020 to P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra - 413720 2010 -Tilak Nagar Industries has given the Bonus in the Ratio of 2:1 2011 -" Tilaknagar Industries Ltd. wins trademark battle in Bombay High Court". -"Tilaknagar Industries Ltd announces the appointment of Mr. Laxmi Narasimhan as Deputy Managing Director." 2012 -"Hockey Stars to Endorse Mansion House". -"Tilaknagar Industries Ltd. awarded the Gold shield by ICAI for Excellence in Financial Reporting". -"Tilaknagar Industries launches Seven Islands Vintage - Single Malt Scotch Whisky in London". 2013 -"Tilaknagar Industries Ltd. Wins Prestigious CSD Award". -"Tilaknagar Industries Ltd. to divest its stake in its subsidiary - Shivprabha Sugars". 2014 -"Tilaknagar Industries acquires IFB Agros IMFL business". -"Tilaknagar Industries Ltd. Appoints Mr. Vijay K Rekhi as Chairman and Mr. Ratneshwar Prasad as member of the Companys board of advisors" 2015 -Tilaknagar Industries inks MoU with Three Stills Company. 2022 -Tilaknagar Industries launches a premium variant of Mansion House Brandy. -IMFL-maker Tilaknagar Industries launches flavoured brandy range. -India's First Premium Flavoured Brandy Launched By Tilaknagar Industries. -Tilaknagar Industries launches Mansion House French Style flavored brandy. 2023 -NCLT Mumbai has approved the Scheme of Amalgamation of Kesarval Springs Distillers Private Limited, Mykingdom Ventures Private Limited, Srirampur Grains Private Limited and Studd Projects Private Limited with and into Tilaknagar Industries Limited.