Click here to know more about the Times Points program. This was precisely the reason why the old-timers at Rampur Distillery were unsure about the new venture. Premium brands boost Radico Khaitan profits. The spirited and soaring journey of Radico Khaitan Limited is primarily a saga of Dr Lalit Khaitan’s experience-led wisdom and courage. Radico Khaitan is one of India's oldest liquor manufacturers, established in 1943. (BCCL/Satish Jaiswal), Nishi Singh at the birthday party of Shailja Saraf, held at Sainik Farms - Photogallery, Nishi Singh at the birthday party of Shailja Saraf, held at Sainik Farms. (BCCL/Satish Jaiswal), Shailesh and Sapna Khaitan pose together during the birthday party of Shailja Saraf, held at Sainik Farms - Photogallery, Shailesh and Sapna Khaitan pose together during the birthday party of Shailja Saraf, held at Sainik Farms. Radico Khaitan Ltd. was incorporated in the year 1983. Alena Esipova's bewitching pictures go viral on cyberspace! Lalit was convinced, and backed his son. No response to the email sent. That we could create,’ said Abhishek. Daughter of Lalit Khaitan, CMD, Radico Khaitan. 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. In a last-ditch effort to keep Rampur afloat, Abhishek accompanied his father to meet Vijay Mallya, the high-profile owner of United Spirits Limited (USL). Lalit Khaitan had been to Harvard for a short course called OPM (Owner/ President Management). (BCCL/Satish Jaiswal), Sonali Gupta during Shailja Saraf's birthday party, held at Sainik Farms - Photogallery, Sonali Gupta during Shailja Saraf's birthday party, held at Sainik Farms. Dr. Lalit Khaitan. First of all, branding is an expensive proposition and you need to consider too many factors. Now Abhishek had completed his engineering and was back. The industry was crowded, especially the whisky market which the Khaitans had selected for their brand launch. But did he have it in him to pull off the idea, especially when almost all the veterans in the company were against his plan? But the bigger boys would bully him, and he would be defeated easily by them. (BCCL/Satish Jaiswal), Nalin Singh poses with a friend at the birthday party of Shailja Saraf, held at Sainik Farms - Photogallery, Nalin Singh poses with a friend at the birthday party of Shailja Saraf, held at Sainik Farms. ; He is a Co-Judge alongside Madhuri Dixit and Tushar … Radico Khaitan prepares to brew its own beer story here 23 Sep, 2006, 02.30 AM IST. Dilwale Dulhania Le Jayenge turns 25 today! So even if you put in Rs 100 crore, the brand might not click. ‘I don’t want to be a bottler,’ he had told himself then. Their visit to Mallya hadn’t resulted in any lifeline for the company. What is the need to sell brands? (BCCL/Satish Jaiswal) See more of : Lalit Khaitan. RKL Annual Report FY2010 - Free download as PDF File (.pdf), Text File (.txt) or read online for free. But in the end the separation was amicable. No response to the email sent. The veterans in the company had doubts, and many of their questions were legitimate. The Magic Moments Vodka, launched in the semi-premium segment about 2 years ago, has crossed 650,000 cases, and is hopefully headed to cross the 1 million mark this year. Lalit Khaitan speaks at the birthday party of Shailja Saraf, held at Sainik Farms. See more of : Lalit Khaitan. And what with the situation at home, Abhishek didn’t feel it was right to open that bottle of champagne to celebrate his engagement as he wanted to. I come from a family of believers — though my father was was an Arya Samaji, my mother was Read more about At home with the movies on Business Standard. Daughter of Lalit Khaitan, CMD, Radico Khaitan. The process of division of the family assets had begun when Abhishek was in his third year of engineering. Mallya, who had taken over the reins at USL at a young age after his father, Vittal Mallya, passed away, was fast gaining the reputation of a fierce competitor to Shaw Wallace, and his USL was steadily making its way up the pecking order in the Indian liquor industry. Exclusive! For 24-year-old Abhishek Khaitan, ownership of the cash-strapped Rampur Distillery came with the unenviable task of reviving and sustaining the family business ‘I’m screwed,’ Abhishek Khaitan … Abhilasha Ojha checks out Lalit Khaitan's home theatre room and comes away floored by the sheer luxury of the space.When Lalit Khaitan wanted a “special” place for himself and his But before all this, Abhishek had to help save the company. Other than the time they spent in school — Abhishek was in Modern School and Shrawan in Birla Vidya Niketan — they were mostly together. The ... My sister S, who lives in Connecticut, sends me a text message: “Informal opinion survey: What would you ... An admirer bumps into Eric Hobsbawm. Singh President Mr. Raghupati Singhania (Director, Radico Khaitan Ltd.) Mr Ojajune Eniola joseph Adeola(Chairman& MD/CEO,Zaxco foods Ltd) View all photos from this album. Its current market capitalisation stands at Rs 6134.26 Cr. See more of: Sonu Nigam, khayyam's funeral, Talat Aziz, Lalit Pandit. Chairman and Managing Director Lalit Khaitan said after a difficult start to the financial year, the second quarter results demonstrated a sharp recovery in Radico Khaitan's performance. Rampur distillery was producing ENA (extra neutral alcohol) that was supplied to alcohol companies. For a while after the separation — for almost three years — there were ‘cold vibes’ between the brothers. I told Abhishek to go ahead.’, Prince Mathews Thomas is senior deputy editor, The Hindu Business Line. For the entire fiscal, the company reported a net profit of Rs 80.61 crore compared to Rs 73.44 crore in the 2015-16 fiscal. Looking for someone his age to play with, Shrawan came across Abhishek, who too was searching for a partner to learn the sport with. Lalit Khaitan. Dr Lalit Khaitan. Shrawan could only empathize with his friend. Khaitan had dabbled in several businesses, and at the time of the division, the family had interests in fertilizers, real estate, construction and liquor. Last updated on Feb 26, 2020, 19.15. Wife of Sandip Somany, Joint MD of HSIL. Lalit Kumar Gupta. He was there as an observer. Whisky had the biggest share in the spirits market in India and, for that same reason, was the most competitive too. lucknow Updated: Apr 26, 2020, 00:00 IST There were disagreements and disputes. But, as Abhishek says, the myth was that more Scotch was consumed in India than in Scotland, and everyone wanted a pie of this market. (BCCL/Satish Jaiswal), Lalit Khaitan speaks at the birthday party of Shailja Saraf, held at Sainik Farms - Photogallery, Lalit Khaitan speaks at the birthday party of Shailja Saraf, held at Sainik Farms. You can also download our Android App or IOS App. (BCCL/Satish Jaiswal), Navneet Kalra and Kitty Kalra get clicked during Shailja Saraf's birthday party, held at Sainik Farms - Photogallery, Navneet Kalra and Kitty Kalra get clicked during Shailja Saraf's birthday party, held at Sainik Farms. But there were tensions and disagreements over who would get what. Its current market capitalisation stands at Rs 6134.26 Cr. ETimes is an Entertainment, TV & Lifestyle industry's promotional website and carries advertorials and native advertising. G.N. He had an idea that could break or make Rampur Distillery. Lalit Khaitan speaks at the birthday party of Shailja Saraf, held at Sainik Farms. See more of : Lalit Khaitan. While the Khaitans were hoping to get a contract from Mallya to supply him alcohol, Mallya — always looking for a good deal — offered to pick up equity in Rampur Distillery in return for the contract. But Abhishek was sure he was on the right track, and he had the backing of his father. But such was the environment at home and the company that when his parents asked him to be at home to help out, he couldn’t say no. I Dr. Lalit Khaitan Chairman & Managing Director 2 Mr. Abhishek Khaitan Managing Director 3 Mr. K.P. Khaitan, his grandfather, was adamant that the family assets should be divided while he was still alive. Father and son were hoping to present a business proposition that would make sense to Mallya, and provide a lifeline to their company. ‘Our back was against the wall. There is no shortcut to success, says Sunil Bharti Mittal. Says Shailesh Khaitan, Lalit’s youngest brother: ‘It is very difficult to establish a brand. 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See more of: Dr Lalit Khaitan. Spirituality, for me, is the search and the discovery of one’s self — to spend time with one’s self, to introspect, to do what is right and to be fair It was only when they were back home that he would confer with his father and go through the details of the discussions. Shailja Saraf, appointed to Radico Khaitan board on May 30, 2014. Jingle Jangle: A Christmas Journey Review, Terms of Use and Grievance Redressal Policy. Lalit Kumar Khaitan is Chairman/Managing Director at Radico Khaitan Ltd. See Lalit Kumar Khaitan's compensation, career history, education, & memberships. Whenever Abhishek came home for the holidays, he would immediately call up Shrawan and announce, ‘I’m back!’, and the two would chalk out plans for the next ten days. ‘I’m screwed,’ Abhishek Khaitan told his friend Shrawan Binani. 1,785 executive movements have been recorded in the last 12 months. Chairman & Managing Director food and beverages industry Radico Khaitan Ltd India. 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