About Piccadily Agro Industries Limited

Incorporated in 1994, Piccadily Agro Industries Limited began with a sugar manufacturing unit and later commissioned a grain-based distillery in 2007 and a malt distillery in 2010, commencing barrel maturation. The Company entered the branded alcoholic beverages segment with ‘Whistler’ in 2017 and launched its single malt ‘Indri’ in 2022, followed by the aged rum ‘Camikara’; ‘Cashmir’ vodka was launched in 2025.

Piccadily operates across two segments—Distillery including Alcoholic Beverages (alco-bev) and Sugar—and has developed capabilities spanning sourcing, distilling, maturation, marketing, sales and distribution.

Manufactured products include white crystal sugar; and, on the distillery side, rectified spirit, carbon dioxide gas, extra neutral alcohol (ENA), ethanol/IMIL outputs, malt, etc.

As on FY 2024-25, the Group comprises two wholly-owned subsidiaries—Six Trees Drinks Private Limited (India) and Portavadie Distillers and Blenders Limited (UK)—and one associate, Piccadily Sugar & Allied Industries Ltd.

Piccadily Agro Industries Limited Key milestones:

1994 (sugar unit); 2007 (grain distillery); 2010 (malt distillery, maturation); 2017 (Whistler launch); 2022 (Indri and Camikara 12-year launch); 2025 (Cashmir; Indri Agneya & Dubai City Series).

Piccadily Agro Industries Limited Business Segments

Revenue mix (transformation): Share of Sugar in total revenues declined from 52.3% in FY 2021-22 to 28.1% in FY 2024-25. IMFL (branded alco-bev) increased from 1.7% to 42.9%, while other distillery outputs (ENA, Ethanol, IMIL, malt, etc.) reduced from 45.9% to 29.0% over the same period.

Business focus: The Company is prioritising premium branded IMFL within the distillery portfolio while continuing sugar operations.

Piccadily Agro Industries Limited Key Management

• Harvinder Singh Chopra — Chairman & Managing Director

• Dharmendra Kumar Batra — Wholetime Director

• Jai Parkash Kaushik — Director

• Niraj Kumar Sehgal — Company Secretary

• Natwar Aggarwal — Chief Financial Officer

Latest Updates on Piccadily Agro Industries Limited

• Expansion & funding: Expansion projects progressed at Indri (Haryana), Mahasamund (Chhattisgarh) and Portavadie (Scotland). The Company raised approximately Rs 312 crore via CCDs and warrants, including Rs 50 crore from promoters; SAP was implemented.
• Capacity plans: Indri distillery capacity is being increased to 220 KLPD (ENA/ethanol) and 30 KLPD (malt), with additional barrel storage planned; a 210 KLPD distillery is under implementation at Mahasamund; land has been acquired at Portavadie with equipment evaluation underway.

• Portfolio & brand activity: Indri continued to scale with multiple special editions (Diwali Collector’s 2024, City Series, Founders Reserve 11-Year, etc.). Camikara conducted the Millionaire Bartender Challenge (Jan–Apr 2025) and introduced non-alcoholic mixers (Mojito, Mai Tai).

• Sales & distribution footprint: Presence expanded to 28 States/UTs (incl. CSD) and 16,000+ retail outlets domestically; international footprint grew to 28 countries and 16 Indian duty-free shops.

• Awards & recognition (Camikara): First Indian rum to win Gold at the Global RUM & Cachaça Masters 2024, among other medals.