Public limited company | |
Traded as | : : RADICO |
Industry | Alcoholic beverages |
Founded | Rampur, United Provinces, British India (1943 ) |
Headquarters | Rampur, Uttar Pradesh, India |
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Website | radicokhaitan |
Radico Khaitan Ltd. (RKL), formerly Rampur Distillery & Chemical Company Ltd., is an Indian company that manufactures industrial alcohol, Indian Made Foreign Liquor (IMFL), country liquor and fertilizers. It is the fourth largest Indian liquor company, . Radico brands are sold in more than 60 countries, including USA, Canada, South America, Africa, Europe, South East Asia and the Middle East.
Radico Khaitan Ltd. was established as Rampur Distillery & Chemical Company Ltd. in 1943 at Rampur, Uttar Pradesh. The distillery in Rampur initially produced extra neutral alcohol (ENA) and supplied bulk alcohol for several liquor companies such as Shaw Wallace, Mohan Meakin and the United Breweries Group. It had a turnover of ₹ 6.5 million in 1979. It was only in 1999 that the company commenced production of its own brands. Lalit Khaitan's father, G. N. Khaitan, bought out the loss-making Rampur Distillery from Vishnu Hari Dalmia for ₹ 1.6 million in 1972. According to Lalit Khaitan, his father was a teetotaler throughout his life, and even Khaitan himself had never tasted alcohol until his father bought the distillery.G. N. Khaitan divided the family business (which included construction, real estate, liquor industries and others) among his 4 sons in 1995, and Lalit Khaitan inherited the relatively small liquor division. Prior to that the distillery was run by Lalit's cousin and others. In 1991, Radico set up a malt spirit plant with an installed capacity of 460 KL per annum; a soya oil/rapeseed extraction plant with an installed capacity of 300 tpd based on soyabean seeds & 350 tpd based on rapeseed oil cake at Ratlam, Madhya Pradesh and a biogas cogeneration and secondary treatment plant. The company also modernized the distillery unit by installing new copper distillation plant and a fully automatic bottling line. It also balanced its Single Superphosphate (SSP) plant by putting equipment like a ball mill and a scrubbing system. The entire modernisation-cum-expansion programme cost the company ₹ 365 million. The company undertook a major expansion of its solvent extraction plant to increase the capacity from 300 tpd to 600 tpd in 1994, and launched Contessa Rum, Contessa Whisky and a few other products in CMI markets in 1995. Contessa Rum is mainly sold to the Canteen Stores Department (CSD). Radico entered into a joint venture with Whyte & Mackay Group plc. in the same year, and launched Scotch whisky brands 15 YO, Findlater and WMSR in India.