ABOUT TEESTA VALLEY TEA COMPANY LIMITED UNLISTED SHARES
TEESTA VALLEY TEA COMPANY LIMITED was established in 1841. The company is a renowned producer and exporter of Indian tea and tea accessories. The company has two tea gardens in Darjeeling, namely, Teesta Valley and Gielle, both situated in the valet facing the Himalayas, facing KanchenJungha snow-clad peaks. The company manages over 35 lakh tea bushes in both tea gardens. The company manages an employee staff of 2000 people.
With the implementation of the better and latest technology, the company has continuously improved its products and has successfully achieved higher production. The factories in both gardens are large and equipped with the latest machinery.
The shareholders of the company had approved the scheme of amalgamation of the company with Bormah Jan Tea Company (1936) Limited in March 2018. The same is pending before NCLT for a final order.
The Equity Shares of TEESTA VALLEY TEA COMPANY LIMITED is listed on Calcutta Stock Exchange Limited.
INCORPORATION DETAILS
|
CIN |
L15491WB1876PLC000347 |
|
Registration Date |
20 November 1876 |
|
Category/Sub-category of the Company |
A company having Share Capital |
|
Address of the Registered office and contact details |
5 & 7, Netaji Subhas Road, Kolkata – 700 001 Tel. – 033 22483585 |
|
Name, Address, and Contact Details of Registrar and Transfer Agent, if any |
Maheshwari Datamatics Private Limited, 23, R.N. Mukherjee Road, Kolkata – 700 001 Tel. 033 22435029, 22482248 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Growing and Manufacturing Tea |
01271, 10791 |
100% |
BOARD OF DIRECTORS
Bharat Bajoria (Managing Director)
AbhaBajoria
Radhey Kant Dixit
Mudit Bajoria
Dhruv Bajoria
Ram KishanNowal
SHAREHOLDING PATTERN (As of 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Bharat Bajoria |
21,560 |
14.37% |
|
2 |
Other Promoters |
71,003 |
47.34% |
|
3 |
Public Shareholding |
57,437 |
38.29% |
|
|
Total |
150,000 |
100.00% |
INDUSTRY OUTLOOK
India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. North East and North Bengal are known to be the main tea-growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea-producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in the production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China, and Sri Lanka. But in 2019, India became the 2nd Largest tea producer in the world and produced around 1,339.70 million kg. India accounts for around 31% of the world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established the ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
