Mohan Meakin Unlisted Share price

Mohan Meakin Limited Unlisted Share – Company Overview

Mohan Meakin Limited owns the first brewery in India. Today the company has its registered office at Solan Brewery in Himachal Pradesh. The company was formerly known as E. Dyer & Company, Dyer Meakin & Company Limited, Dyer Meakin Breweries Limited, and Mohan Meakin Breweries Limited, and was established as far back as 1855.

The Company is manufacturing Beer of all types and IMFS brands including premium Rums, Whiskies, Brandy, Vodka and. In addition to the main products of Beer and IMFS, the company is manufacturing Juices, Canned products, Corn Flakes, Wheat Porridge, and vinegar.

The Company has been a pioneer in the liquor industry and made steady progress, and established Breweries and distilleries in various parts of the country, and has created a respected name for itself by delivering an array of highly successful products. At present, the Company has manufacturing centers in Solan, Kasauli, Ghaziabad, Bhankarpur (Punjab), and Lucknow. Apart from this, the company holds various breweries & distilleries established under collaboration arrangements in various other places in India.

The Company’s products are quite popular in the market and are well received by the customers being quality products. Old Monk which is one of the most famous alcohol brands is owned by Mohan Meakin Limited. Old Monk Rum has been rated as the largest selling brand of Dark Rum. The Company has introduced a premium brand of Single Malt Whisky known as Solan Gold Single MaltWhisky in Himachal Pradesh, which is being introduced in other States of the Country. The product has been well accepted in the market. The company is in the process of increasing its productions not only for Himachal Pradesh but also for Chandigarh and export to other countries.

Products of Mohan Meakin Limited are exported to 21 countries. The company is also exploring the opportunities to further increase the export to other countries as the products of the company are very popular in foreign market and company is also getting inquiries regarding export to these countries. The equity shares of Mohan Meakin Limited are listed on Calcutta Stock Exchange.

Mohan Meakin Share Price, Share Details as of March 31, 2024

Incorporation Details of Mohan Meakin Limited

Principal Business Activities of Mohan Meakin Limited

Board of Directors of Mohan Meakin Limited

Shri Hemant Mohan (Managing Director)

Shri R.C. Jain (Director Finance cum CFO)

Shri Rajesh Kedia (Chief Financial Officer)

Shri M. Nandagopal (Independent Director)

Shri Yash Kumar Sehgal (Independent Director)

Shri Murugan Navamani (Non Executive Director)

Shri Vinay Mohan (Non Executive Director)

Smt. Shalini Mohan (Non Executive Director)

Shri M.Nandagopal (Non Executive Director)

Shareholding Pattern of Mohan Meakin Limited (As of 31-03-2024)

Industry Outlook

The Alcohol Industry of India is the third-largest in the world valued at US$ 35 billion. India is the largest consumer of Whiskey in the world and wine is becoming extremely popular among women in India. Vodka demand in the country grew by 22.8%. 

 The growth of this industry can mainly be attributed to the growing demand for alcoholic beverages among the youth of the country and rising of the disposable income. The majority of alcohol volume in India is consumed by people of age 18 to 40.

Alcoholic beverages are not still included in the Goods and Services Tax (GST). This is affecting the industry negatively as the materials imported attract excise duty and VAT. Additionally, the trend of various State Governments shows that they do not allow free flow of Beer and Whiskymanufactured outside the States by putting restrictions and imposing exorbitant import fees as a result the liquor industry was established outside the State cannot compete with the importing State. Moreover, due to unabated rise in oil prices, the logistic issues and different regulations applicable in different states with the result that sending the goods from one corner of the country to the other has become a costly affair and is un-remunerative and economically unviable. Therefore, to overcome these obstacles most of the leaders in the liquor Industryhave opted for collaboration, technical know-how, and bottling arrangements in various other States.