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SANSCO SERVICES - Annual Reports Library Services - www.sansco.net
GROUP
Bringing the spirits of the world to India
WUAl RB
2008-200?
GROUP
UNITED SPIRITS LIMITED
www.reportjunction.com
Chairman's Statement
UNITED SPIRITS
Dear friends and shareholders,
My last statement to you had ended with a happy note
that our company was capitalised at almost $ 2 Billion.
How much happier are we all to see that the value of our
company more than doubled to a current capitalisation of
$ 5.01 Billion. Adding the debt that we have recently taken
to make one of the most significant acquisitions in our long
history, the Enterprise Value of United Spirits now stands
at $ 6.7 Billion or Rs. 264,000 Millions.
The sterling performance of all our main brands has helped
to power the company to an ever larger share of the profit
pie of the industry. A couple of year.s ago we decided to
focus on profit share rather than volume markeishare and
this strategy is paying us rich dividends.
Friends, India with a trillion-dollar economy growing
consistently at over 8% a year for the last several years,
has created a nation of current and potential consumers. A
young population is translating into demand for all classes
of consumer goods and durables. Survey after survey
reinforces the fact that young Indians are very confident
of their future, and this confidence is translating into low
savings and high consumption rates which are like the
patterns of the developed world.
Our company, along with other companies of the UB .
Group, is in a unique position to take advantage of this
trend. Years of investment both in brands and the actual
products have helped to make it a colossus in the FMCG
space.
If the acquisition of the Shaw Wallace Group and other
entities in recent years is powering the current rise in
profitability, I believe that the most recent acquisiton of
Whyte and Mackay, the world's fourth largest Scotch
distiller for an enterprise value of Pounds Sterling 595
Million will underpin our future.
As you know, United Spirits consumes large volumes of
Scotch every year to blend into our core IMFL products.
Uptrading by consumers requires us to use ever higher
quantities for blending. Further, upscale consumers will
also demand choice of blended and single malt Scotches.
It is widely expected that in a few years' time, India could
well be the world's most important Scotch markets.
Given this scenario, and in the backdrop of a global
shortage of Scotch, United Spirits started to actively scout
for a suitable Scotch acquisition. Whyte and Mackay is the
culmination of this process, and will provide a sustainable
advantage to us with its large and scalable distilleries as
well as well known brands.
Spotting another important emerging opportunity in Wine,
United Spirits has initiated a multi-pronged strategy to take
market leadership in this space through a combination of
imported and domestic wines. I will keep you posted on
developments on this front from time to time.
The entry of large multinationals into our space is
something we are monitoring very closely. Their high
decibel activity will certainly expand the market and is
confirmation of long-held belief that the Indian consumer
will provide us many decades of profitable growth. Our
response is carefully calibrated, taking full advantage of
our well known brands, our deep insights into consumer
behaviour and the unchallenged muscle we have with
distribution.
United Spirits, as undisputed market leader, continues
its efforts to lead positive changes in the regulatory
environment. The progress is slow but steady. Expansion
of the retail universe, dismantling of the pernicious
"thekedari" system by most states and Karnataka's recent
ban on country liquor, are pointers in this direction, and
augur well for our future.
Turning to the operations of the financial year ended on
31st March 2007, we can be pleased with the quantum
leap in profits which have grown by over 4-fold over the
previous year.
Friends, I am sure that you will share my optimism and
confidence in our company's future.
It remains for me to thank all who have made our
remarkable achievements happen - our managers, staff
and workmen who have diligently strived through the
year, the suppliers, with whom we are forging long-term
partnerships, the consumers who franchise our products
enthusiastically, our financial partners who have helped
to finance the opportunities to forge this business and
most of all, a Big thank you to all of you fellow
shareholders.
Dr.Vijay Mallya
Chairman
UNITED SttHlTS
DIRECTORS
VIJAY MALLYA,
Chairman
S.R.GUPTE,
Vice Chairman
i
V.K.REKHI,
. Managing Director
' M.R.DORAISWAMY IYENGAR
'
-B.M.LABROO
SREEDHARA MENON
SUDHINDAR KRISHAN KHANNA
PRESIDENT & CFO -THE UB GROUP
RAVI NEDUNGADI
DEPUTY PRESIDENT & CHIEF FINANCIAL OFFICER
• ' •-
''}'-
•'
RA.|ILIRALI .
COMPANY SECRETARY
V.S.VENKATARAMAN
PRICE WATERHOUSE, CHARTERED ACCOUNTANTS, BANGALORE
REGISTERED & CORPORATE OFFICE
51, RICHMOND ROAD
BANGALORE - 560 025
UNITED SPIRITS
Your Directors have pleasure in presenting the Annual
Report of your Company and the audited accounts for the
year ended March 31, 2007.
At the outset, your Directors are pleased to report the
strategically important acquisition on May 16, 2007 of
Whyte and Mackay Limited, the 4th largest Scotch Distillers
in the World. The acquisition of this Glasgow (UK) based
Company for an enterprise value of GBP 595 Million was
done through a wholly owned subsidiary, United Spirits
(Great Britain) Limited.
Consequent to the consolidation of the spirits business by
amalgamation, inter alia, of Herbertsons Limited, Shaw
Wallace Distilleries Limited, Baramati Grape Industries
Limited and Triumph Distillers & Vintners Private Limited
with the Company, your Company has registered a
milestone sale of more than 66 Million cases during the
financial year 2006-07.
FINANCIAL RESULTS-,
Rupees in Millions
2005-07
2005-06
The working of your Company for
the year under review resulted in
• Profit from operations
• Exceptional and Other
Non-Recurring Item
Less:
• Depreciation
• Taxation
(including deferred tax)
• Profit after tax
Profit B/F from previous year
Profit available for appropriation
Your Directors have made the
following appropriations:
To General Reserve
To Capital Redemption Reserve
Proposed Dividend:
Preference Shares
Equity Shares - Interim
- Final
Corporate Tax on Proposed
Dividend
Balance carried to the Balance
Sheet
EPS - Basic - Rupees
Your Directors declared an interim dividend on equity
shares of the Company @15% in March 2007.
Your Directors take pleasure in proposing a final Dividend
of 10% to make a total equity dividend distribution of 25%
for the year ended March 31, 2007.
The proposed final dividend of 10% is on the equity shares
including on 4,484,397 equity shares allotted as of date by
the Company on conversion of 78,960 Foreign Currency
Convertible Bonds (Bonds) subsequent to March 31,
2007, pursuant to the Offering Circular dated March 24,
2006.
Your Directors also propose a dividend @ 9% on 7,750,000
9% Non-Cumulative Non-Convertible
Redeemable
Preference Shares of Rs.10 each fully paid-up, which
were outstanding on March 31, 2007 but redeemed on
July 11, 2007.
The Authorised Capital of your Company remained
unchanged at RsTt,200,000,000/-dividedinto 110,000,000
equity shares of Rs.10/- each and 10,000,000 Preference
Shares of Rs.10/- each.
3,898.186
921.192
2,627.424
6,525.610
921.192
309.350
409.002
During the current year, the Issued, Subscribed and Paid
up Equity Share Capital of your Company increased from
Rs. 944.819.300/- divided into 94,481,930 equity shares of
Rs. 10/- each to Rs. 989,663,270/- divided into 98,966,327
equity shares of Rs. 10/- each on conversion of 78,960
Bonds into 4,484,397 equity shares.
1,276.066 i
4,940.194
256.572
5,196.766
91!992
420.198
574.238
994.436
The paid-up Preference Capital of your Company became
Nil consequent upon the redemption of 7,750,000 9%
Non-Cumulative Non-Convertible Redeemable Preference
shares of Rs.10/- each on July 11, 2007.
.
500.000
50.000
-
464.446
6.975
141.723
98.966
6.975
188.963
37.881
27.480
4,411.221
52.20
256.572
4.80
'..
PERFORMANCE OFTHE COMPANY
The integration of the Shaw Wallace operations, the
active efforts at capitalising on the uptrend of consumer
preferences, and relentless cost control, have all helped
your company to turn in a sterling performance during the
year under review.
Operating Profits were consequently up by about 400%
from Rs. 921 Million to Rs. 3,898 Million.
Adding to the results for the year were profits from
sale of part of the Treasury Stocks which resulted in
Non-Recurring profits of Rs. 2,627 Million.
UNITED SPIRITS
PROSPECTS
Barring unforseen circumstances, your Directors expect
continuing increase in the profitable conduct of the
company's business. The recent acquisitions of the Scotch
distiller, Whyte and Mackay Ltd. and Liquidity Inc. in the
current year and Bouvet Ladubay, a wine manufacturing
Company in France in the year under review, are expected
to provide sustained opportunities in the future.
Profits for the first six months of the current year are 51%
higher than the corresponding period of the year under
review.
SUBSIDIARIES
During the year under review, the following Companies
became subsidiaries of your Company :
Four Seasons Wines Limited; United Alcobev Limited;
United Vintners Limited; McDowell Beverages Limited;
USL Holdings Limited; Spring Valley Investments
Holdings Inc.; USL Holdings (UK) Limited; United Spirits
(UK) Limited; United Spirits (Great Britain) Limited and
Herbertsons Limited.
Subsequent to the Balance Sheet date, following
Companies have become subsidiaries of your Company:
McDowell & Company Limited; Liquidity Inc.; Whyte and
Mackay Group Limited; Whyte and Mackay Limited; Whyte
and Mackay Warehousing Limited; Bruce & Company
Limited; Charles Mackinlay & Company Limited; Dalmore
Distillers Limited; Dalmore Whyte & Mackay Limited;
Edinburgh Scotch Whisky Company Limited; Ewen &
Company Limited; Fettercairn Distillery Limited; Findlater
Scotch Whisky Limited; Glayva Liqueur Limited; Gleritalla"
Limited; GPS Realisations Limited; Grey Rogers &
Company Limited; Hay & MacLeod Limited; Invergordon
Distillers (Holdings) Limited; Invergordon Gin Limited;
Isle of Jura Distillery Company Limited; Jarvis Halliday
& Company Limited; John E McPherson & Sons Limited;
Kl Trustees Limited; Kensington Distillers Limited; Kyndal
Spirits Limited; Leith Distillers Limited; Loch Glass Distilling
Company Limited; Longman Distillers Limited; Lycidas
(437) Limited; Pentland Bonding Company Limited;
Ronald Morrison & Company Limited; St. Vincent Street
(437) Limited; Tamnavulin-Glenlivet Distillery Company
Limited; TDL Realisations Limited; The Invergordon
Distillers Group Limited;The Invergordon Distillers Limited;
The Sheep Dip Whisky Company Limited; W & S Strong
Limited; Watson & Middleton Limited; Wauchope Moodie
& Company Limited; Whyte and Mackay de Venezuela CA;
Whyte & Mackay Distillers Limited; Whyte and Mackay
Holdings Limited; Whyte and Mackay Property Limited;
William Muir Limited and WMB Realisations Limited;
Consequent to the dissolution without winding up of Shaw
Wallace Financial Services Limited upon its amalgamation
with Shaw Wallace Breweries Limited, in terms of the
Orders of the Hon'ble High Courts of Calcutta and Bombay,
Shaw Wallace Financial Services Limited ceased to be a
subsidiary of your Company in the current year.
In terms of the approval received from the Government
of India pursuant to Section 212(8) of the Companies
Act, 1956, the Balance Sheet, Profit & Loss Account,
Directors' Report, Auditors' Report and other particulars
of the subsidiary companies as on March 31, 2007 have
not been attached with the accounts of the Company. The
documents/details will be made available to any Member
of the Company upon request to the Company. The annual
accounts of the subsidiary Companies as on March 31,
2007 will also be kept for inspection by any member at
the. Registered Office of the Company and that of the
subsidiary Companies concerned.
The Accounting year of McDowell Nepal Limited (MNL)
(which has been converted into a Private Limited Company
and renamed as United Spirits Nepal Private Limited, in
the current year), your Company's Subsidiary in Nepal
is from mid-July to mid-July every year. Accordingly,
Accounting year of 2005-06 of MNL ended on July 16,
2006 and the Accounting Year 2006-07 ended on July 16,
2007, i.e., after the end of the close of the financial year
'of your Company which ended on March 31, 2007. For
the purpose of compliance under Accounting Standard
- 21, relating to "Consolidated Financial Statement," the
Accounts of MNL has been drawn up to March 31, 2007.
For the purpose of compliance under Accounting Standard
21-"Consolidated Financial Statement" presented by
the Company includes the financial information of its
subsidiaries.
DEPOSITORY SYSTEM
The trading in the equity shares of your Company is under
compulsory dematerialisation mode. As of date, equity
shares representing 94.01% of the equity share capital
are in dematerialised form. As the depository system
offers numerous advantages, members are requested
to take advantage of the same and avail of the facility of
dematerialisation of the Company's shares.
fi ft 0 V f
.UNITED SPIRITS
DIRECTORS
Mr. P K Kakodkar resigned from the Board with effect
from June 01, 2007. Your Directors place on record
their appreciation of the valuable services rendered by
Mr. P K Kakodkar during his tenure as a Director of your
Company.
Mr. Sudhindar Krishan Khanna was appointed as Additional
Director on June 01, 2007 and will hold office in terms of
Section 260 of the Companies Act, 1956 up to the date of
the ensuing Annual General Meeting.
A Notice in writing has been received by your Company
from a member signifying his intention to propose the
appointment of Mr. Sudhindar Krishan Khanna as Director
at the Annual General Meeting.
Dr. Vijay Mallya and Mr. S R Gupte retire by rotation and
being eligible, offer themselves for re-appointrrient.
AUDITORS
M/s. Price Waterhouse, your Company's Auditors, are
eligible for re-appointment at the Annual General Meeting
and it is necessary to fix their remuneration.
TAX AUDITORS
Your Directors have appointed M/s. Lodha&Co., Chartered
Accountants as the Tax Auditors of the Company to carry
out the tax audit of the Company for the year ended March
31, 2007.
LISTING OF SHARES OF THE COMPANY
The equity shares of your Company are listed on Bangalore
Stock Exchange Limited (Regional Exchange), Bombay
Stock Exchange Limited, National Stock Exchange of
India Limited, Madras Stock Exchange Limited, The Delhi
Stock Exchange Association Limited, The Calcutta Stock
Exchange Association Limited and Ahmedabad Stock
Exchange Limited. The listing fees for the year 2007-08
have been paid to all these Stock Exchanges.
During the year under review, 34,010,521 Equity shares
of Rs.10/- each issued and allotted to the shareholders
of the Transferor companies, in terms of the Composite
Scheme of Arrangement sanctioned by the Honourable
High courts of Karnataka and Bombay, have been listed
on the stock exchanges where the existing equity shares
of the Company are presently listed. Your Company has
distributed the net sale proceeds of fractional shares to
the eligible shareholders in proportion to their respective
fractional entitlements.
Further, Your Directors have allotted during the current
year 4,484,397 Equity shares upon conversion of Bonds in
terms of the Offering circular for issue of US$100,000,000
2.00 per cent Convertible Bonds due 2011 (Bonds). Out
of these equity shares allotted 3,862,039 have been listed
on the Bombay Stock Exchange Limited (BSE) and the
National Stock Exchange of India Limited (NSE). Similar
approvals from other Stock Exchanges concerned are at
different stages.
As the equity shares of the Company are mainly traded
on Bombay Stock Exchange Limited (BSE) and The
National Stock Exchange of India Limited (NSE), the
Board of Directors have decided to voluntarily de-list the
equity shares of the Company from the Stock Exchanges
situated at Ahmedabad, Chennai, Kolkata and New Delhi
subject to the approval of the shareholders at the ensuing
Annual General Meeting, in order to entail savings in
recurring Annual Listing Fees and other administrative
costs. The equity shares would continue to be listed on
BSE; NSE and Bangalore Stock Exchange Limited (the
regional stock exchange).
ISSUE OF GLOBAL DEPOSITARY SHARES
Your Company had issued 17,502,762 Global Depositary
Shares (GDSs) representing 8,751,381 Equity Shares
ranking pari-passu in all respects with the existing paid
up,equity shares, 2 GDSs representing 1 equity share
of par value of Rs.10/- each at US$7.4274 per GDS
aggregating to US$ 130 mn.These GDSs are listed on the
Luxembourg Stock Exchange.
As on date, there is an outstanding of 235,004 GDSs
representing 117,502 equity shares.
'
'
ISSUE OF FOREIGN CURRENCY
CONVERTIBLE BONDS
Your
Company had issued US$ 100,000,000 2%
Convertible Bonds Due 2011 (Bonds) convertible into
equity shares or GDSs (2 GDSs representing 1 equity
share).These Bonds are listed on the Singapore Exchange
Securities Trading Limited (SGX).
In terms of the Offering Circular dated March 24,2006, your
Company has allotted during the current year 4,484,397
equity shares on conversion of 78,960 Bonds. As on date
there are 21,040 Bonds outstanding to be converted into
equity shares or GDSs.
«oy»
UNITED SPIRITS
ANNUAL GENERAL MEETING
The Company has obtained from The Registrar of
Companies, Karnataka, Bangalore extension of time for
holding the Annual General Meeting for the financial year
ended March 31, 2007 upto November 30, 2007.
EMPLOYEE STOCK OPTION SCHEME
The Company has not offered any stock option to the
Employees during the year 2006- 2007 either under the
McD ESOP Scheme or McD- Employee Stock Option
Scheme - 2002.
CORPORATE GOVERNANCE
A report on the Corporate Governance is annexed
separately as part of this Report along with a certificate
of compliance from a Company Secretary in practice.
Necessary requirements of obtaining certifications/
declarations in terms of Clause 49 have been complied
with.
CONSERVATION OF ENERGY & TECHNOLOGY
ABSORPTION, ETC.
In accordance with the provisions of Section 217(1)
(e) of the Companies Act, 1956, read with Companies
(Disclosure of Particulars in the Report of the Board of
Directors), Rules, 1988 the required information relating
to Conservation of Energy, Technology Absorption and
Foreign Exchange earnings and outgo is annexed.
MANAGEMENT DISCUSSION AND ANALYSIS
Pursuant to Clause 49 of the Listing Agreement with the
Stock Exchanges,'Management Discussion and Analysis
Report is annexed and forms an integral part of the Annual
Report.
*. •
FIXED DEPOSITS
' '' ,
Fixed Deposits from the public and shareholders, stood
at Rs. 668.010 Million as at March 31, 2007, Matured
deposits for which disposal instructions, had not been
received from concerned depositors stood at, Rs, 14.069
Million as at March 31, 2007. Of this, a sum of Rs, 2.397
Million has since been paid as per instructions received
after the year-end.
TRANSFER TO INVESTOR EDUCATION AND
:
PROTECTION FUND
• '
Pursuant to the provisions of Section 205A(5) and 205C
of the Companies Act, 1956, the Unclaimed Dividend,
Debentures and Deposits, remaining unclaimed and
unpaid for more than 7 years, have been transferred to
the Investor Education and Protection Fund.
RESOURCES
Employee relations remained cordial at all Company's
locations.
The Voluntary Retirement Scheme introduced for the
permanent employees of the Company received moderate
response.
i
During the yeaf under review, your Company introduced a
new Flexi Compensation Package to replace the existing
package and also introduced a Long Term Incentive
Scheme for select senior executives.
Particulars of employees drawing an aggregate
remuneration of Rs.2,400,000 or above per annum or
Rs.200,000 or above per month, as required under Section
217(2A) of the Companies Act, 1956 are annexed.
. DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies Act,
1956, in relation to financial statements for the year 200607, the Board of Directors reports that:
°
in the -preparation of the annual accounts, the
applicable accounting standards have been followed
along with proper explanation relating to material
departures;
°
accounting policies have been selected and applied
consistently and that the judgements and estimates
made are reasonable and prudent so as to give a true
; and fair view of the state of affairs of the Company as
at the end of the financial year and of the profit of the
Company for the year ended March 31, 2007;
°
proper and sufficient care have been taken for the
maintenance of adequate accounting records in
accordance with the provisions of the Companies Act,
1956, for safeguarding the assets of the Company
and for preventing and detecting fraud and other
irregularities;
°, the annual accounts have been prepared on a going
: concern, basis.
THANKYOU
Your Directors place on record their sincere appreciation
for the continued support from shareholders, customers,
suppliers, banks and financial institutions and other
business associates. A particular note of thanks to all
employees of your Company, without whose contribution,
your Company could not have achieved the year's
performance.
By Authority of the Board
Bangalore
October 31,2007
Dr.VIJAYMALLYA
Chairman
Report of the Directors (Contd.)
< g « t o y f '.
UNftED STOUTS,
ANNEXURETO DIRECTORS' REPORT
[Additional information given pursuant to requirement of Section 217(1)(e) of the Companies Act, 1956}
CONSERVATSON OF ENERGY
With regard to energy conservation and cost reduction, the steps taken by your Company were as follows:
•
•
•
•
•
Upgradation of anaerobic digester for increased methane gas generation and utilization in boiler to conserve
fuel.
Commissioning of Steam Turbines to produce electricity at new locations and upgrading existing ones for
increased electricity generation.
Upgradation of composting system to ensure full utilization of multi-pressure distillation plant resulting in
substantial saving in steam consumption.
Replacement of existing Furnace Oil Fired Boilers with alternate, bio-fuel (Husk, Bagasse) fired to reduce fuel
cost.
.
Reduction in steam consumption in distillation process by optimizing the operating parameters viz., reflux
ratios.
.
RESEARCH & DEVELOPMENT (R&D)
As an ongoing process the Company carries out research in its State-of-the-art in-house Research and Development
Centre for development of new-age, products, new innovative packaging materials and analytical method for quality
management.
Expenditure on R & D:
,
(in Rs. in Million)
(a)
Capital
,
, 0.013
(b) • Recurring :
. 8.004
(c)
Total
8.017
(d)
Total R & D expenditure as a percentage of total turnover-0.02%
TECHNOLOGY ABSORPTION
Technology imported during the last 5 years:'
*
Nil
During the year, even though the Company has not imported .any technology, your Company has been the first in offering
alcohol beverage in Tetra packs in India.The machinery and technology related to packaging of alcohol beverage in Tetra
packs is sourced from Tetra Pack India Limited, which is a subsidiary of Tetra Pack, Sweden.
FOREIGN EXCHANGE EARNINGS/OUTGO
1
Exports & Foreign Exchange earnings
2006-07
Nil
2
Imports/Expenditure in Foreign Currency
686.397
(Rupees in Millions)
2005-06
109.370
726.241
By Authority of the Board
Bangalore
October 31, 2007
Dr. VIJAY MALLYA
Chairman
Report of the Directors (Contd.)
UNITED SPfHITS
ANNEXURETO DIRECTORS' REPORT
STATEMENT OF PARTICULARS OF EMPLOYEES AS REQUIRED UNDER SECTION 217(2A) OF THE
COMPANIES ACT, 1956 AND COMPANIES (PARTICULARS OF EMPLOYEES) RULES, 1975
DATE OF
SI.
No.
NAME
AGE
DESIGNATION/ NATURE OF
DUTIES
QUALIFICATION
REMUNERATION
EXP
IN
YRS
COM-
MENCEMENT OF
EMPLOYMENT
PARTICULARS OF PREVIOUS
EMPLOYMENT
1
Abhay Kewadkar *
47
Senior Vice President - Wines
1,597,848 B.TECH (CHEM)
25
23-Aug-06
Vice President & Wine Maker - Grover
Vineyards Ltd.
2
Alok Gupta
41
Executive Vice President Marketing & Brand India
6,082,372 B.COM, PGDM
19
21-Feb-95
Deputy General Manager - Shaw
Wallace & Company Ltd.
3
Anant Iyer
48
Divisional Vice President Institutional &. Trade Marketing
3,767,448 M.SC., MMS
23
15-Jun-92
Controller Marketing, Consolidated
Distilleries Ltd.
4
Anil Kumar Kush
51
Chief Executive"- Vittal Mailya'
Scientific Research Foundation
5,868,316 Ph.D, MBA
23
13-May-05
Scientific Director - Genesis
Management Consultants
5
Arun Bopaiah
56
Divisional Vice President Manufacturing '
'
2,547,930
B.SC.'LLB
26
27-Oct-93
Manager - Personnel & Admin,
Karnataka Jewels Ltd.
••
6
Arvind Jain
45
Divisional Vice President - Sales
3,803,312 PGDM
23
12-Apr-91
Area Manager-Titan Watches Ltd.
7
Ashok Capoor
54
Chief Operating Officer - Regional ,
Profit Centre (West)
7.575,774 B.A. (ECO), MBA
32
12-May-92
Chief Operating Officer - Erstwhile
Herbertsons Ltd.
8
Ashwin Malik
49
Chief Operating Officer - Regional
Profit Centre (North)
8,564,662 B.A. (ECO), MBA
27
1-Nov-88
VP Sales & Mktg, Carew Phipson Ltd.
9
C. Chandrashekar
52
Divisional Vice President Materials
3,151,082 MBA
31
25-Apr-83
Buyer, Hindusthan Motors Ltd.
10 Debabratha Banerjee
48
Senior Vice President Sales, UB Global
-:
3,861,189 PGDBM
|
26
1-Nov-96
Chief Operating Officer - Erstwhile
Herbertsons Ltd.
11 Debashish Shyam
39
Assistant Vice President Marketing
2,702,086 B.SC., PGDBM
16
20-Sep-04
Head - Marketing & Alliances (Internet
Services), Bharti Infotel Ltd, New Delhi
12 Debashis Das
50
Divisional Vice PresidentManufacturing (S)
2,640,747 B.SC., B.Tech.,
PGDBM
24
20-Aug-84
Chemist - Eastern Distilleries Pvt. Ltd.
13 Dharmarajan S.
49
Divisional Vice President Finance & Accounts
2,938,979 B.COM, ACA,
LL8
-
23
7-Nov-86
Consultant, N M Raiji & Co, Mumbai
14 Dr. Binod K Maitin
58
Senior Vice President - Quality
Assurance & Technical
"
3,882,641 M.SC., PH.D.,
36
14-D6C-88
Sr. Research Officer & Head, Analytical
Research Group, Shriram Institute
For Ind. Research
15 Dr. Subratha Bhattacharaya 68
Divisional Vice President Research and Development
4,909,704 M.SC, PhD
36
1-Apr-05
Vice President - Research and
evelopment, Erstwhile Shaw Wallace
Distilleries Ltd.
16 Gerald G D'Souza
58
Senior Vice President -..HR
4,448,169 MA, PERS
17 Harisha Bhat A.
53
Executive Vice President Corporate Finance
,7,562,527 CA
18 IP. Suresh Menon
50
Senio'r Vice President - Planning
& Control
"4,598,145 BA (HONS),
MMS
19 Kaushik Chatterjee*
47
Profit Centre (East)
,,
\
2,691,507 B.COM
33
16-Aug-?0. Manager Pers & MP Devpt - Pfizer
,29
22-Nov^90
Manager Treasury - Digital
Equipment (I) Ltd.
29
1-Apr-85 '
Secretary & Finance Manager , UB
Electronic Instruments Ltd.
23
27-Apr-06
Chief Executive Officer-Indian Operations,
Mason and Summers Alcobev Pvt Ltd.
20 Laxmi Narasimhan
38
Divisional Vice President - Sales
2,645,119 B.E, PGDM
13
8-Dec-03
Regional Manager, Coca Cola India
21 Mongia S. K.
66
Divisional Vice President Business Promotion
2,887,595 M.SC, DEF SC.
49
2-Aug-93
Commodore-Indian Navy
22 Mathew Xavier
43
Divisional Vice President Marketing & Innovations
5,185,148 B COM, PGDM
18
1 -Apr-OS
Vice President - Marketing, Erstwhile
Shaw Wallace Distilleries Ltd.
23 N R Rajsekher
51
Profit Centre (AP)
6,873,693 B.SC
28
8-Apr-82
VP - Sales, Erstwhile Shaw Walllace
Distilleries Ltd.
24 Navratan Dugar
64
Executive Vice PresidentProcurement Planning &
Manufacturing
7,435,622 B.COM, M.COM,
MBA, MCIM
38
1-May-01
Adviser - Balaji Group Companies.
25 P A Murali
49
Executive Vice President & Chief
Financial Officer
7,574,174 B.COM, ACA
26
5-Jul-93
Executive Vice President - Finance and
Accounts, United Breweries Ltd.

WUAl RB - ReportJunction.com

Transcription

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