About Jay Shree Tea & Industries Limited

Jay Shree Tea & Industries Limited is an Indian company incorporated in 1945, with its Registered and Head Office at “Industry House”, 10, Camac Street, Kolkata 700 017 . The company operates across three principal businesses—Tea, Chemical & Fertiliser, and Sugar—reflecting how its operating segments are defined and reviewed by the Board . Its tea operations span India and Uganda (through subsidiaries), with a foreign holding presence in Dubai, underpinning an international footprint in manufacturing and selling tea . As of March 31, 2023, the Group comprised 6 subsidiaries (including step‑down subsidiaries) .

The company draws on a long-established governance culture “inherited from the Birla culture and ethos,” as reflected in its corporate governance disclosures . Over the years, it has added industrial capabilities alongside tea, including a Single Superphosphate (SSP) fertiliser business. A notable milestone was the amalgamation of the sugar division with the company with effect from April 1, 2020, as recorded in the financial highlights footnote. In its 77th Annual Report for the year ended March 31, 2023, the company reported steady progress across its businesses. Workforce strength stood at 18,438 employees as on March 31, 2023, highlighting the labour-intensive nature of tea and allied operations.

Jay Shree Tea & Industries Limited Key Management

• Jayashree Mohta, Chairperson & Managing Director
• Vikash Kandoi, Executive Director
• Ramesh Kumar Ganeriwala, President, CFO & Secretary

Updates on Jay Shree Tea & Industries Limited

• Strategic portfolio action: The Board approved, in principle, the monetisation of certain tea estates and/or other assets in India or abroad to strengthen the financial position; the company is in the process of giving effect to this decision.
• Subsidiary/associate changes: North Tukvar Tea Company Limited ceased to be a subsidiary with effect from December 31, 2022; ECE Industries Limited ceased to be an associate with effect from August 26, 2022.
• Chemicals & Fertilisers performance: The division achieved record production and despatches, aided by better marketing and quality standards; the company highlighted the strength of its dealer–retailer network and well‑known “Annapurna” brand in driving market share gains.
• Tea operations: Own tea production rose to 146.13 lakh kg versus 143.53 lakh kg in the previous year, supported by higher bought‑leaf production (13.59 lakh kg versus 4.67 lakh kg) to derive productivity benefits . Tea exports expanded into new markets; exports were valued at Rs 77.87 crore versus Rs 55.84 crore last year.
• Sugar and ethanol initiatives: The distillery operated at its full capacity of 56 KLPD, and the unit is setting up a sugar refinery project to run the ethanol plant for 330 days a year by diverting sugarcane juice during season time, enhancing revenue visibility and stability.
• Board composition: An Independent Director was appointed with effect from August 11, 2022, strengthening Board constitution during the year.