About Naga Dhunseri Group Limited

Naga Dhunseri Group Limited (NDGL) is a Kolkata-based company incorporated in 1918, with its registered office at “Dhunseri House”, 4A, Woodburn Park, Kolkata – 700020. It is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, primarily engaged in dealing in shares and securities, along with earning rental income. In the recent year, NDGL expanded its portfolio to include tea plantations and related activities through the consolidation of Dhunseri Tea & Industries Limited (DTIL) as a subsidiary, which offers products like loose and packet tea, and macadamia nuts.

The group operates in India (parent and DTIL), and internationally through subsidiaries in Singapore, Mauritius, and Malawi. NDGL reports a total of 7 subsidiaries, which include tea estates and holding entities across these markets. A notable milestone was acquiring an additional 45.77% stake in DTIL from Dhunseri Investments Limited in late 2024, making DTIL a subsidiary and leading to a reorganisation focused on tea interests. Financially, subsidiaries operating in hyperinflationary economies adhere to Ind AS 29 accounting standards.

Key Milestones of Naga Dhunseri Group Limited

• Acquisition of 45.77% additional stake in DTIL, increasing holding to 54.56% in late 2024.
• Consolidation of overseas subsidiaries and recognition of bargain purchase gain on consolidation.
• Transitioned to reporting two operating segments: Treasury and Tea.
• Expanded Tea segment exports with 81% revenue contribution from outside India.

Naga Dhunseri Group Limited Business Segments and Geographic Presence

NDGL operates two main segments: Treasury (investment-related activities) and Tea (cultivation, manufacturing, and sale of tea and macadamia nuts). While the Treasury segment accounts for 51.7% of revenue, Tea accounts for 48.3%. The Tea segment’s revenue is largely export-driven, with 81% from outside India. Geographically, the group operates across India, Singapore, Mauritius, and Malawi through its subsidiaries and step-down subsidiaries.

Naga Dhunseri Group Limited Key Management

• Mr. Chandra Kumar Dhanuka – Chairman
• Mrs. Aruna Dhanuka – Non-Executive Director
• Mrs. Bharati Dhanuka – Non-Executive Director
• Mr. Rajendra Kumar Gupta – Independent Director
• Mrs. Rusha Mitra – Independent Director
• Mr. Bhanwar Lal Chandak – Independent Director
• Mr. Anil Bhutoria – Independent Director
• Mr. Hari Prasad Bhuwania – Chief Executive Officer
• Mr. Ayush Beriwala – Chief Financial Officer
• Ms. Sakshi Agarwal – Company Secretary & Compliance Officer
• Mr. Mrigank Dhanuka – Advisor to the Board (from February 14, 2025)

Latest Updates on Naga Dhunseri Group Limited

• Portfolio reshaping by selling Dhunseri Ventures Limited shares and increasing DTIL stake, consolidating focus on tea business.
• Consolidated group now includes step-down subsidiaries operating in Singapore, Mauritius, and Malawi.
• Recognition of bargain purchase gain in capital reserve after consolidation.
• Board and leadership changes including new Advisor appointment.
• Upcoming AGM scheduled on August 14, 2025 via video conferencing with shareholder postal ballot approvals.