Jagatjit Industries

What Jagatjit Industries does

Jagatjit Industries Limited is an India-domiciled public company (BSE: 507155) headquartered in Kapurthala, Punjab, that has operated in the Indian alcoholic beverages market since 1947. Its core offering is the manufacture and sale of branded spirits, sold through licensed channels to consumers across India, with the company historically focused on premiumization within the segment. The business also encompasses grain-based distilling operations, anchored by a 200 KLPD facility in Kapurthala district, Punjab, which commenced commercial production in July 2025 and converts grain into ethanol aligned with India's Ethanol Blending Programme and broader green-energy mandates. Projected annual revenue from this plant is approximately ₹550 crore, positioning the company as a participant in the fuel-blending supply chain alongside its traditional beverage business.

The company employs more than 10,000 people and is undertaking a visible transformation: leadership transitioned in May 2026 with the appointment of Roopak Chaturvedi as CEO, bringing FMCG and spirits experience from Marico, PepsiCo, Abbott, Allied Blenders & Distillers, and Bacardi. Revenue mechanics split between transaction-fee style offtake for ethanol (sold to oil marketing companies under government allocation) and license-based volume sales in liquor. Capital has been sourced from institutional investors including India Renewable Energy Development Agency (2023) and Indiabulls Commercial Credit (2018). Financially, the company reported a consolidated net profit of ₹64.40 crore for Q2 FY26 (December 2025), recovering from a ₹4.33 crore net loss in the prior-year period, even as quarterly sales of ₹22.97 crore declined 80.65% year-over-year, indicating that the ethanol ramp and liquor premiumization thesis are still in execution.

Name

Jagatjit Industries

Legal name

Jagatjit Industries Limited

Website

https://jagatjit.com

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jagatjit Industries Limited is an Indian public alcoholic beverages manufacturer founded in 1947, now diversifying into grain-based ethanol production via a 200 KLPD facility in Kapurthala, Punjab, serving both beverage consumers and India's fuel-blending value chain.

Ownership category

akta.pro rank

Product category

Alcoholic Beverages and Ethanol Manufacturing

NAICS

Ethyl Alcohol Manufacturing (325193), Distilleries (312140), Beverage Manufacturing (3121)

SIC

Beverages (2080)

akta.pro primary industry

Grain & Sugar-Based Ethanol Production (EUAAAHAA)

akta.pro secondary industry

Sake, Soju & Other Asian Alcoholic Beverages Producers & Brands (CRADAIAF)

Keywords

• Alcoholic beverages manufacturing
• Grain-based ethanol production
• Ethanol blending program
• Distillery operations
• Spirits and liquor

Headquarters

HQ city

Kapurthala

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Ethanol Production and Sales: Production and sale of grain-based ethanol to be blended with petrol. The company expects annual revenue of ₹550 crore from the new Punjab facility.
2. Liquor/Alcoholic Beverages: Manufacturing and sale of alcoholic beverages. Q2 FY26 (December 2025) reported sales of Rs 22.97 crore, representing a significant decline of 80.65% year-over-year.

Core offering

Jagatjit Industries manufactures and sells alcoholic beverages under its legacy liquor portfolio and, since July 2025, produces grain-based ethanol at a new 200 KLPD distillery in Kapurthala, Punjab. Ethanol output is targeted at India's petrol-blending program, with projected annual revenue of ₹550 crore from the facility. The company employs 10,000+ people and operates as a publicly listed Indian manufacturer.

Product overview

Jagatjit Industries is a company operating primarily in the Indian alcoholic beverages market, currently undergoing a transformation phase. The company has diversified into grain-based ethanol production with a new 200 KLPD facility in Punjab's Kapurthala district, generating annual revenue targets of ₹550 crore. The ethanol production aligns with India's green fuel push and ethanol blending policies. The company focuses on premiumization trends in the alcoholic beverages segment.

Differentiator

Problem solved

Functional benefit

Products and services

• Alcoholic Beverages Legacy manufacturing and sale of alcoholic beverages in the Indian market, including spirits; targeted at premium consumers amid intensifying competition.
• Grain-Based Ethanol Ethanol produced from grain at the company's 200 KLPD distillery in Punjab's Kapurthala district, supporting India's green energy initiatives and the Ethanol Blending Programme; projected annual revenue of ₹550 crore.

Quantifiable outcome

• ₹550 crore projected annual revenue from ethanol plant
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mohan Meakin: Heritage Indian distillery best known for Old Monk rum and a diversified malt/spirits portfolio; comparable as a legacy Indian brand navigating the same premiumization and consolidation dynamics.
• Allied Blenders & Distillers: One of India's largest Indian-made foreign liquor companies, directly competing with Jagatjit's spirits portfolio across mass and premium segments; also Roopak Chaturvedi's prior employer, making it a close functional and strategic comparator.
• United Spirits: Diageo-controlled market leader in Indian spirits; competes head-to-head with Jagatjit's whisky/rum/brandy portfolio and dictates pricing and distribution dynamics in the same Indian state markets.
• Radico Khaitan: Leading Indian premium spirits manufacturer (Magic Moments vodka, 8PM whisky, Royal Rant); competes with Jagatjit across price tiers and represents the closest premiumization playbook benchmark.
• Tilaknagar Industries: Indian distillery producing XXX Rum, Mansion House brandy and whisky — directly comparable mid-sized IMFL producer operating in overlapping states and distribution channels.
• Globus Spirits: Indian distiller producing both branded spirits (Doctor's Brandy, White Lace whisky) and industrial-grade alcohol/ethanol; closest dual-engine comparable because it splits capacity between IMFL and ethanol, mirroring Jagatjit's structure.

Others

• Praj Industries: Leading Indian ethanol plant technology and engineering provider; an enabling/ecosystem peer whose customers include the same OMCs and grain-based distillers, providing indirect read-throughs on Indian ethanol capacity build-out relevant to Jagatjit's grain-based plant.

Emerging players

• Bajaj Hindusthan Sugar: Large Indian sugar producer with significant ethanol (and downstream ENA/spirits) capacity built around the EBP; an emerging competitor on ethanol offtake economics that feeds into the same fuel-blending supply chain as Jagatjit's Punjab facility.
• Triveni Engineering & Industries: Indian sugar and ethanol producer ramping distillery capacity under the EBP; competes with Jagatjit in the same grain/sugar-based ethanol procurement and OMC offtake markets.

Broad incumbents

• Pernod Ricard India: Global spirits major with a significant Indian operation (Royal Stag, Blenders Pride, Imperial Blue); a broad incumbent that defines the competitive ceiling in Indian premium IMFL segments where Jagatjit is repositioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jagatjit-industries-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jagatjit Industries