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.
CIN of Mohan Meakin |
L15520HP1934PLC000135 |
Registration Date of Mohan Meakin |
2nd November 1934 |
Category/Sub-category of Mohan Meakin |
Public Limited Company |
Mohan Meakin Registered office address and contact details |
POST OFFICE: SOLAN BREWERY, DISTT SOLAN (H.P) Phone No: 01792-230450, 01792-230423, |
Mohan Meakin Registrar and Transfer Agent address and contact details |
BEETAL FINANCIAL & COMPUTER SERVICES (P) LTD., Beetal House 3rd Floor,99 Madangir Complex, Behind Local Shopping Complex, Nr. Dada Harsukhdas Mandir, New Delhi – 110062. Phone No:- 011-29961281-283, |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Manufacture of distilled, Potable, alcoholic beverages such as whisky, Rum, Brandy and Gin etc. |
110011 |
97.78% |
Shri L.K. Malhotra, Chairman (Independent Director)
Shri Hermant Mohan (Managing Director)
Shri R.C. Jain (Director Finance-cum-CFO)
Shri M. Nandagopal (Independent Director)
Shri Yash Kumar Sehgal (Independent Director)
Shri N. Murugan (Independent Director)
Shri Vinay Mohan (Non-Executive, Non-Independent)
Mrs. Shalini Mohan (Non-executive, Non-Independent)
|
Name of the Company |
% of shares held |
|
Mohan Closures Limited |
17.92% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoters Shareholding |
57,26,973 |
67.31 |
|
2 |
Public Shareholding |
27,81,506 |
32.69 |
|
Total |
85,08,479 |
100 |
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%. It is estimated that alcohol consumption in India will touch 16.8 billion liters by the year 2022.
The alcohol industry is expected to reach US$ 41 billion by 2022. This excellent growth 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.
During the initial stage of the COVID-19 pandemic, the alcohol industry experienced a huge downfall. The sale of alcoholic beverages was stopped for about 40 days. Moreover, the introduction of COVID cesson liquor in some states increased the prices of alcohol. Big players of the industry with better cash liquidity can sustain these tough times.
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.
