Tata Group will buy for 7000 crores; Thums Up, Limca was also made by Ramesh Chauhan. Tata Consumer to acquire packaged water brand Bisleri | Ramesh Chauhan | NewsBust Tata Group will buy for 7000 crores; Thums Up, Limca was also made by Ramesh Chauhan. Tata Consumer to acquire packaged water brand Bisleri | Ramesh Chauhan | NewsBust

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Tata Group will buy for 7000 crores; Thums Up, Limca was also made by Ramesh Chauhan. Tata Consumer to acquire packaged water brand Bisleri | Ramesh Chauhan

By Amit - November 24, 2022

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Mumbai2 minutes ago

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Nearly three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, Ramesh Chauhan is set to sell Bisleri International to Tata Consumer Products Ltd (TCPL). This deal is being done for Rs 6,000-7,000 crore. Economic Times has published a report regarding this.

No successor to expand business
Under the deal, the current management will continue for two years. Chauhan, 82, has been in poor health in recent times and says he does not have a successor to take Bisleri to the next level of expansion. Chauhan said, daughter Jayanti is not much interested in business. Bisleri is the largest packaged water company in India.

Jayanti Chauhan sold by Ramesh Chauhan.  She is currently handling the responsibility of Vice Chairperson in the company.

Jayanti Chauhan sold by Ramesh Chauhan. She is currently handling the responsibility of Vice Chairperson in the company.

Tata group will increase business in a better way
Chouhan said that Tata Group will take care of it in a better way and take it forward. However, selling Bisleri was still a painful decision. I like Tata culture and hence chose Tata despite other buyers. There are said to be several contenders to buy Bisleri, including Reliance Retail, Nestle and Danone.

Chauhan will invest money in charity
Chouhan said that he would not even hold a minority stake in Bisleri. He said that after selling the business, he does not see any reason to hold a minority stake in the company. At the same time, he said that after exiting the bottled water business, he wants to focus on environmental and charity work like water harvesting, plastic recycling.

Estimated profit of 220 crores in FY23
Chouhan said the turnover of the Bisleri brand for FY23 is estimated at Rs 2,500 crore with a profit of Rs 220 crore. In the year ending March 2021, the company registered sales of Rs 1,181.7 crore and a profit of Rs 95 crore. At the same time, in the financial year ending March 2020, the company’s revenue was Rs 1,472 crore and registered a profit of Rs 100 crore.

Bisleri was bought from an Italian businessman in 1969

You can read the full story of Bisleri here…

It is about a few years after India’s independence. Cesar Rossi was a doctor at that time. A business idea came to his mind. Thought that water business can be very successful in the coming days in India. At that time the availability of water was very easy, but it was difficult to get clean and mineral water. In such a situation, in 1965, Dr. Rossi along with a lawyer named Khushru Suntuk launched Bisleri in India. Read full news…

There is more news…

Amit

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