+
Tilaknagar Ups Stake in Craft Spirits Maker to 21.4 Per Cent
ECONOMY & POLICY

Tilaknagar Ups Stake in Craft Spirits Maker to 21.4 Per Cent

Tilaknagar Industries Ltd (TI), a leading Indian-Made Foreign Liquor (IMFL) manufacturer, has invested an additional Rs 107 million in Spaceman Spirits Lab Pvt Ltd (SSL), the producer of premium craft spirits. Of this, Rs 91.5 million forms part of the previously announced Rs 131.5 million investment under a September 2024 agreement. The remaining Rs 15.1 million has been used to purchase shares from some early SSL shareholders.
Following this investment, TI’s shareholding in SSL has risen from 12.98 per cent to 21.36 per cent on a fully diluted basis. The agreement also grants TI the right to invest further capital or acquire additional shares at a pre-determined valuation, contingent upon SSL meeting agreed performance milestones.
Ameya Deshpande, President – Strategy and Corporate Development at Tilaknagar Industries, remarked that the continued investment highlights TI’s confidence in the premium craft spirits segment. He praised SSL’s portfolio—featuring Samsara Gin, Sitara Rum and Amara Vodka—as an example of innovation and craftsmanship, and expressed enthusiasm for supporting SSL in its next growth phase.
As part of the deal, TI is subscribing to 1,772 equity shares and 11,752 compulsorily convertible preference shares for Rs 91.5 million. It is also acquiring 2,236 equity shares from existing SSL shareholders for Rs 15.1 million.
Aditya Aggarwal, Founder and Managing Director of SSL, welcomed the expanded partnership, citing the strategic value of TI’s wide distribution network and industry experience. He stated that the collaboration would help extend SSL’s reach across India.
SSL is preparing to broaden its offerings with planned entries into whisky, heritage liqueurs and tequila. Aggarwal projected a strong FY26, with expected revenue growth of nearly 70 per cent and volume growth of around 60 per cent.
Beyond the equity investment, SSL and TI are also working together under a Usership Agreement signed in May 2025. Under this agreement, Tilaknagar Industries will utilise its distribution network to market and sell Samsara Gin, Sitara Rum and Amara Vodka in selected Indian states and overseas.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Tilaknagar Industries Ltd (TI), a leading Indian-Made Foreign Liquor (IMFL) manufacturer, has invested an additional Rs 107 million in Spaceman Spirits Lab Pvt Ltd (SSL), the producer of premium craft spirits. Of this, Rs 91.5 million forms part of the previously announced Rs 131.5 million investment under a September 2024 agreement. The remaining Rs 15.1 million has been used to purchase shares from some early SSL shareholders.Following this investment, TI’s shareholding in SSL has risen from 12.98 per cent to 21.36 per cent on a fully diluted basis. The agreement also grants TI the right to invest further capital or acquire additional shares at a pre-determined valuation, contingent upon SSL meeting agreed performance milestones.Ameya Deshpande, President – Strategy and Corporate Development at Tilaknagar Industries, remarked that the continued investment highlights TI’s confidence in the premium craft spirits segment. He praised SSL’s portfolio—featuring Samsara Gin, Sitara Rum and Amara Vodka—as an example of innovation and craftsmanship, and expressed enthusiasm for supporting SSL in its next growth phase.As part of the deal, TI is subscribing to 1,772 equity shares and 11,752 compulsorily convertible preference shares for Rs 91.5 million. It is also acquiring 2,236 equity shares from existing SSL shareholders for Rs 15.1 million.Aditya Aggarwal, Founder and Managing Director of SSL, welcomed the expanded partnership, citing the strategic value of TI’s wide distribution network and industry experience. He stated that the collaboration would help extend SSL’s reach across India.SSL is preparing to broaden its offerings with planned entries into whisky, heritage liqueurs and tequila. Aggarwal projected a strong FY26, with expected revenue growth of nearly 70 per cent and volume growth of around 60 per cent.Beyond the equity investment, SSL and TI are also working together under a Usership Agreement signed in May 2025. Under this agreement, Tilaknagar Industries will utilise its distribution network to market and sell Samsara Gin, Sitara Rum and Amara Vodka in selected Indian states and overseas.

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?