Tilaknagar Ups Stake in Craft Spirits Maker to 21.4 Per Cent

07 Aug 2025 CW Team

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.

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.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Building Material

13 Oct 2025

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

Infrastructure Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..