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TATA COFFEE LTD.

12 January 2024 | 12:00

Industry >> Tea & Coffee

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ISIN No INE493A01027 BSE Code / NSE Code 532301 / TATACOFFEE Book Value (Rs.) 96.02 Face Value 1.00
Bookclosure 24/05/2023 52Week High 347 EPS 14.07 P/E 24.50
Market Cap. 6439.84 Cr. 52Week Low 199 P/BV / Div Yield (%) 3.59 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1943 - The company was incorporated at Pollibetta, South Coorg in Karnataka State. The main object of the company is Cultivation of coffee, pepper, oranges, paddy, cardamom and other plantation and agricultural products. The estates of the company are situated in coorg. The Company also owns curing works known as Kushalnagar Works which was originally acquired in January 1949.

- The Company also acts as suppliers of manures and other estate requirements and as stock lists for Drake and Flectcher Ltd., Maidstone, Kent for spraying machines and spare parts.

1952 - 1,59,000 Bonus equity shares issued in the prop. 1:2.

1956 - 2,38,500 bonus equity shares issued in the prop. 1:2.

1966 - The Company's name was changed from the Consolidated Coffee Estates (1943) Ltd., to Consolidated Coffee Ltd.

- 3,57,750 bonus equity shares issued in prop. 1:2. 2,68,312 No. of equity shares issued without payment in cash.

1969 - 4,47,187 bonus equity shares issued in the prop. 1:3.

1973 - 7,15,498 bonus equity shares issued in the prop. 2:5.

1977 - 8,34,749 bonus equity shares issued in the prop. 1:3.

1979 - Veerarajendra Estates Ltd., is a subsidiary of the Company. Another subsidiary under the name Conscofe Investments Ltd., was promoted on 18th January.

1981 - 16,69,498 Bonus equity shares issued in prop. 1:2.

1983 - The Company's subsidiary SIFCO Ltd., manufacture precision mechanical alarm time pieces under brand name of "Favreleuba" of Switzerland and "Jaz" of France.

1986 - 25,04,247 bonus shares issued in prop. 1:2.

1988 - Effective 1st April, SIFCO Ltd., was merged with the Company. As per the Scheme of Amalgamation, the Company allotted 92,826 No. of equity shares (without payment in cash) to the shareholders of SIFCO Ltd.

1989 - Tata Tea Ltd. (TTL), by its letter of offer dated 20th October, offered to purchase the entire equity shareholding in Consolidated Coffee Ltd. (CCL), the offer being restricted to only the resident Indian shareholders holding 80% of the share capital of CCL (20% being held by foreign investors).

- As per this offer, for every two equity shares of the CCL of the face value of Rs 10 each, TTL was to offer one equity share of TTL of the face value of Rs 10 each plus a sum of Rs 100 in cash. The said offer was also open to resident Indian new shareholders of CCL consequent upon the merger of SIFCO with CCL.

- 92,826 shares allotted without payment in cash pursuant to scheme of amalgamation of Sifco with the Company.

1990 - TTL acquired 52.40% of the Company's equity share capital whereupon the Company became a subsidiary of TTL with effect from 20th November.

1995 - 19,01,390 Bonus share issue in prop. 1:4.

1997 - The Company entered into Timber Value-Addition industry by converting its Silver Oak timber into plywoods of different types under the brand name "CONSWOOD".

- Consolidated Coffee Ltd (Conscofe), a Tata Tea subsidiary and also India's largest plantation company, is launching itself on a major acquisition spree to bolster its coffee production.

- The Bangalore-based Consolidated Coffee (Conscofe) whipped up yet another recipe for success earlier this year when it launched Tata Kaapi, a 70:30 instant coffee-chicory mix. The new brand - which is also the Tata Tea unit's first foray into premium coffee-is pitted against Brooke Bond Lipton's Bru (50 per cent marketshare) and Nestle India's Sunrise (43 per cent share) in the mixed instant coffee segment.

- The company, which has recently introduced Tata Kaapi, a 70:30 instant coffee-chicory mix, is aiming to take of Hindustan Lever Ltd's Bru (50 per cent market share) and Nestle's Sunrise (43 per cent share) in the mixed instant coffee segment.

- CCL is the largest plantation company in Asia with 13,362 acres under cultivation in Coorg and Chickmaglur districts of Karnataka. CCL has a tea estate - Glinglorna Tea Estate in Kudiga.

- The company introduced Golden Roast, Double Roast - both chicory blended coffee brands towards the end of 1996 to address the lowest price segment.

- The Rs 86-crore Consolidated Coffee (Conscoffee)--a wholly-owned subsidiary of the Rs 519-crore Tata Tea--is the country's largest grower of coffee with 18,000 hectares under its belt in Karnataka, has made tremendous inroads into the coffee market.

1998 - Consolidated Coffee Limited (Conscofe), a subsidiary of Tata Tea Limited, has entered into an agreement with the Mysore-based Veneer Mills for the manufacture of plywood and allied products. This is the first time that Conscofe is entering into plywood making.

- Consolidated Coffee Ltd (CCL), the Bangalore-based subsidiary of Tata Tea Ltd, having the largest coffee plantations in Asia, is set to take over Coffee Lands Ltd (CLL) and Asian Coffee Ltd (ACL), and merge its 100 per cent subsidiary Veerarajendra Estates Ltd (VEL) along with CLL's 100 per cent subsidiary Charagni Ltd retrospectively from April 1, 1998.

- The company proposes to set up additional Tata Cafe branded coffee vending machines this fiscal. To increase the business volume of coffee, the company will enhance its institutional contacts as well.

- CCL has recently entered into timer value addition industry by getting its silver oak timber converted into plywoods of different types.

1999 - The company has a coffee-curing capacity of over 32,000 tonne per annum spanning three choice locations in South India.

- TATA TEA subsidiary Consolidated Coffee (Conscofe) is launching the country's first aroma valve-pack, incorporating Italian technology, where you can smell the coffee at the time of purchase without any disruption in the product's shelf-life.

2000 - The Company has entered into two tripartite agreements with NSDL, CDSL and TSRL for dematerialisation of securities.

- ICRA has assigned `MAA+' rating indicating highest safety to the Rs 32-crore non convertible debenture programme of the Company.

           - The Company has entered into a Brand Equity - Business Promotion
              Agreement with Tata Sons Ltd. and will soon be using the group
              composite mark in all its operations.
- Consolidated Coffee, Asia's largest coffee plantation company, has changed its name to Tata Coffee Ltd. with effect from 11th August.

- Consolidated Coffee Ltd, is drawing up its e-commerce strategy to set up the country's first business-to-business (B2B) and business-to-consumer (B2C) portal for coffee.

           - The company has signed an Agreement for the sale of its entire Equity
              holdings in Saptarishi Agro Industires Ltd., to Global Green Company Limited,
              New Delhi.
- The company has acquired a coffee estate in Kodagu viz., Coovercolly Estate, comprising of 1320.88 acres from Kothari Industrial Corporation Limited.

2001 - Icra has assigned A1+ rating for the enhanced Rs 20 crore commercial paper programme of Tata Coffee. Icra has also retained the MAA+ rating indicating high safety assigned to the Rs 32 crore medium term NCD programme.

2002

-launched its new product 'Mr Bean', a filter coffee with a blend of 53 per cent coffee and 47 per cent chicory, in Kerala

2003

-approved delisting of shares from Stock Exchanges at Chennai Bangalore and Hyderabad.

-Tata Tea Ltd, has announced the acquisition of Highhill Coffee India Pvt. However, the cost of acquisition could not be ascertained

- High Court of Karnataka has approved the Scheme of Amalgamation of the Company's wholly owned subsidiary, Conscofe Investment Ltd with the Company with effect from April 1, 2003

-Mr. M R Pai, director of the company, passes away on July 3, 2003

2004

-Tata Coffee wins gold medal for best robusta at Paris

-Tata Coffee inks pact with Starbuck for Arabica supply

2005

- Bags all-India as well as regional awards at the `Flavour of India-Fine Cup Award Cupping Competition 2005' organised by the Coffee Board of India.

- Tata Coffee has acquired six estates (one coffee and five tea) in South India for Rs 55 crore from Tata Tea Limited

2006

-Tata Coffee sets up outlet in Kochi

-Tata Coffee, Symbol changed from CONSCOFFEE to TATACOFFEE

-Tata Coffee signs definitive agreement to acquire EOC, U.S.A.

-Tata Coffee Ltd Issues Rights in the Ratio of 1:2

2007

-Tata Coffee sets up freeze-dried coffee plant

2008

-Mr. Sanjiv Sarin has been appointed as Executive Director - Business Development of the company.

2009

-Tata Coffee Recommended a dividend of Rs 6/- per Share

-Mr. T.V. Alexander has been appointed as an Independent Director of the company.

2010

-Tata Coffee has recommended a dividend of Rs. 7.50/- per Share

2011

-Starbucks signs pact with Tata Coffee

-Tata Coffee has recommended a Final Dividend of Rs. 5.00 per share

2012

-Tata Coffee has recommended a Dividend of Rs. 11 per share

-Mr. N. S. Suryanraynan has taken the charge of Company Secretary and Compliance Officer of the Company.

2013

-Tata Coffee commissions coffee extraction plant in Tamil Nadu.

-Alliance Coffee merged with Tata Coffee.

-5th ranking for Specialty Arabica MNEB - Goorghully.

-Best Robusta coffee from Anamalais Region - Valparai.

2014

-Silver for Exhibitor Award in Most Innovative Design.

-Silver in Roaster Award for R&G Unit Kushal nagar.

-Tata Coffee Limited felicitates winners of the Special Olympics.

-Tata Coffee Limited wins accolades at the India International Coffee Festival 2014.

2015 -Tata Global Beverages Ltd (TGBL) have jointly developed an Instant Coffee product for the Indian market, which is being launched on November 29, 2015 by TGBL under the brand name `Tata Coffee Grand'. -Tata Coffee has splits its face value from Rs. 10 to Rs. 1

2016

- Welspun Corp bags line-pipe order from American company -Tata Coffee, a subsidiary of Tata Global Beverages has said that it plans to set up a freeze dried coffee plant in Vietnam with an installed capacity of 5000 metric tonnes per annum.

2017

Tata Coffee Limited has informed that "Tata Coffee adjudged ?Best Coffee Grower in India? at the Second Annual Ernesto Illy International Coffee Awards"

2019

-The Company titled 'Tata Coffee bags 'Best Indian Coffee' recognition at 4th Ernesto Illy International Coffee Awards' -'Launch of off-shore coffee production unit at Vietnam'.

2021

-Tata Coffees Jumboor Estate Receives honours at the 6th Ernesto illy International Coffee Awards 2021 -Tata Coffee Wins CII Award on Workplace Safety -Best Green Business Award by ET NOW