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Safe Harbour
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness,accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information andopinions are in all events not current after the date of this presentation. Certain statements made in this presentation maynot be based on historical information or facts and may be "forward looking statements" based on the currently heldbeliefs and assumptions of the management of the Company, which are expressed in good faith and in their opinionreasonable, including those relating to the Company's general business plans and strategy, its future financial conditionand growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward‐looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actualg yresults, financial condition, performance or achievements of the Company or industry results to differ materially from theresults, financial condition, performance or achievements expressed or implied by such forward‐looking statements,including future changes or developments in the Company's business, its competitive environment and political, economic,legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks,uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward‐, p plooking statements. The Company disclaims any obligation to update these forward‐looking statements to reflect futureevents or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations orinformational needs of any particular person. This presentation does not constitute an offer or invitation to purchase ory p p p psubscribe for any securities of the Company by any person in any jurisdiction, including India and the United States. Nopart of it should form the basis of or be relied upon in connection with any investment decision or any contract orcommitment to purchase or subscribe for any securities. The Company may alter, modify or otherwise change in anymanner the content of this presentation, without obligation to notify any person of such change or changes. Thispresentation may not be copied or disseminated in any manner.
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presentation may not be copied or disseminated in any manner.
Industry Overview
India has the largest spirits industry after China…
♦ Indian spirits industry is ~485 mn cases,valued at ~$23 bn
994
800
1,000
1,200
Spirits Consumption in 2010 (mn cases)
$
♦ Globally, it is ranked second in volumeterms and third in value terms
484
275186 133 127 109 64 61 49
0
200
400
600
800
China
India
Russia
USA
South
Korea
Japan
Brazil
Thailand
Philipp
ines
Germany
Source: IWSR
Per Capita Consumption (Litres p.a.)
Yet, per capita consumption in India is stillamongst the lowest in the world…
11.7 11.1 10.2 9.6 8.7 8.2 7.3
4.76
9
12
15
Per Capita Consumption (Litres p.a.)
1.0
0
3
6
Germany
France UK
w Zealand
USA
Canada
Japan
China
India
4
Source: WHO, Global Health Observatory Date Repository, Latest Data available for each country (varies between 2007 to 2010)
G
New
IMIL is the largest alcobev segment
♦ Indian Made Indian Liquor (IMIL), widely knownas country liquor, is the oldest and largest
Alcobev Consumption in India in 2010 (mn cases)
IMIL260 38%
Beer197 28%
segment in the country
♦ Grew from 195 mn cases in FY2005 to 260 mncases in FY2010 valued at ~$3.7 billion
♦ Growing at a steady rate of 6 8% with some 38%
IMFL
Wine1 0%
♦ Growing at a steady rate of 6‐8%, with somestates in North and East India experiencing fastergrowth at 8‐10%
♦ Consistent rise in demand driven by increase in234 34%
incomes and implementation of rural schemesby the government
♦ Largest consumption centres are in North andCentral India
Source: IWSR, Industry Sources
5
…growth is driven by the rural consumption story in India
IMIL is an established and evolving industry
• Caters to the low‐income group, usually SEC D, unskilled workers andpopulation in rural areas
• Highly price sensitive segment and strong preference for localAddressable
Consumer Segment g y p g g pflavours, making it difficult to create pan‐India brands
g
• High entry barriers as each IMIL producer has to have a distillery in thestate in which it proposes to sell and market IMILstate in which it proposes to sell and market IMIL
• Single price point market, wherein price is decided annually by thegovernment
• Has resulted in market becoming regionalized and fragmented
Regionalized Market
• Markets evolving from quota based systems and distribution controls tofree private markets
• Consumer preferences changing to demand better products, innovativepackaging
Evolving Landscapepackaging
• Need for companies to focus on product and brand development
6
The market is organized and well regulated – highest contributing to state exchequer
IMFL is experiencing rapid growth…
♦ Indian IMFL industry stood at $19.2 bn in 2010growing at a rapid 18.9% p.a. during the period2006‐10, amongst the highest in the world Gin
IMFL Consumption in India in 2010
♦ Caters to the more affluent consumers, usuallySec A to Sec C
♦ Whisky is the largest category, comprising ~60%f th l hil dk d b d th
Brandy 18%
Rum 19%
1% Vodka 3%
Others 0%
of the volumes, while vodka and brandy are thefastest growing at 20%+ levels
♦ Growth is expected to sustain at 12.1% levelsduring the period 2010‐2015, outperforming Whisky
most other nations
♦ Strong volume growth is led by increasingpopulation, favorable societal perception, higherpurchasing power and low penetration levels
59%
Source: IWSR
Total Cases = 234 mn
p g p p
7
…driven by attractive demographics and changing perceptions
Unique 360⁰ model – sustainable, balanced growth
Brand driven
Consumer
Asset drivenLow risk
High initial riskWider growth opportunitiesHigher margins
Manufacturing
Growth capped by capacityLower marginsReduces price risk on bulk alcohol purchase for brand operations 54% of revenue*
46% of revenue*
9* % calculated based on gross revenue for FY12; revenue from sale of by‐products is shown as part of manufacturing segment
Consumer Business
The consumer business has shown robust growth
♦ Consumer business has grown at a rapidCAGR of 40% during FY08‐FY12
♦ Comprises more than 50% of the aggregate
Consumer Business Revenue (Rs. Mn)
3,8834,000
5,000
p gg gcompany turnover
♦ Has two divisions – Indian Made Indian Liquor(IMIL) and Indian Made Foreign Liquor 1,000 1,208
1,900
2,865
1,000
2,000
3,000
4,000
♦ IMFL (regular) have grown to a 8% share ofthe consumer business in just under 4 years
0
FY08 FY09 FY10 FY11 FY12
Cons mer B siness Break p*Consumer Business Breakup*
IMIL92%
IMFL8%
11
*Based on Ex‐Distillery Value of sales in FY12
Largest Indian player in the ‘economy’ segment
♦ Leadership position in all three states , i.e., Haryana,Rajasthan and Delhi
Market Share in IMIL
StateFY12 Sales(Mn Cases)
Market Share
♦ Retail level value of business is ~Rs 15 billion
♦ Volume in excess of 12 mn cases per year
♦ Key brands are Nimboo, Narangi, Ghoomar, Heer
(Mn Cases) Share
Haryana 7.2 27%
Rajasthan 3.9 25%y , g , ,
Ranjha
♦ Pioneered the concept of branding with launch of‘Nimboo’ brand in Haryana
Delhi 1.5 25%
♦ Markets evolving from ‘commodity’ to ‘brand’ astraditional controls are giving way to free markets
♦ Growth to be driven by leveraging strong positioningthrough introduction of innovative productsthrough introduction of innovative products
12Solid competitive position – distribution strength, brand equity
Consumer portfolio spread across value segments
Serves the Sec A classMRP is more than Rs.500 per 750ml bottleUsually imported blends solid heritage
% of FY12 Consumer Segment Revenue
Premium Product launches l d
Semi‐Serves the Sec A/B classesMRP is ~Rs.250‐500 per 750ml bottle
Usually imported blends, solid heritageGSL planning to launch products in this segment
planned
Product launched inPremium
Serves the Sec B/C classesMRP is ~Rs 180 250 per 750ml bottle
pGSL presence in brandyGSL brand French Castle launched recently in May’12
Product launched in May’12
Regular
S th l i
MRP is ~Rs.180‐250 per 750ml bottleGSL presence in whisky, rum and ginGSL brands are County Club, Hannibal, White Lace
11.4%
Economy (IMIL)
Serves the lower income groupMRP is ~Rs.70‐100 per 750ml bottleFlavored catering to local taste preferencesGSL brands are Nimboo, Narangi, Heer Ranjha, etc.
88.6%
13…strategy has been geared toward value enhancement
Pioneer in branding IMIL with launch of Nimboo
♦ Positioning: Pristine appearance, lovely, clean andi t l l i th fi t hiff L h d ‘Ni b ’ i Hintense aroma lemon peel in the first whiffs..
♦ Best in class product: High quality grain extra neutralalcohol versus rectified spirit used by all competition
♦ Innovative flavoring: New flavour in a market
Launched ‘Nimboo’ in Haryana in June 2011…
… in a span of less than 1 it b R 3 500♦ Innovative flavoring: New flavour in a market
previously dominated by orange flavours
♦ Premium packaging : Visually appealing
♦ Communication strategy: Visual displays, POS
year, it became a Rs. 3,500 mn brand at retail level
… taking GSL market share from 20% to 27%
14
♦ Communication strategy: Visual displays, POSpromotions
20% to 27%
Encouraging growth in IMFL business
♦ Launched IMFL business in 2007‐08, introducedbrands in regular and semi‐premium category
IMFL Brands
Brand Category Price Point
♦ Distribution reach in 6 states, i.e., Haryana,Rajasthan, Punjab, Himachal Pradesh, Kerala andDelhi
♦ Focus is on building a higher value added product
French Castle Brandy Semi‐Premium
County Club Whisky Regular
Hannibal Legendary Rum Regular♦ Focus is on building a higher value added product
portfolio independently and in collaboration withinternational partners enjoying strong brandequity
White Lace Gin Regular
15Strong management commitment to build a distinct and diverse portfolio…
Manufacturing Business
Steady cash flow generation business…
♦ Comprises bulk alcohol manufacturing andbottling for third‐party IMFL brand owners
Bulk Alcohol & IMFL Franchisee Sales Trend (Rs. Mn)
bottling for third party IMFL brand owners
♦ Dominance in alcohol manufacturing builtthrough continuous focus on improving qualityand reducing costs
1,3001,502
1,752
2,1012,336
1,500
2,000
2,500
♦ Low risk segments – with reasonably assured off‐take and steady growth
♦ Manufacturing operations ensure greater qualitycontrol on entire value chain and guaranteed
0
500
1,000
FY08 FY09 FY10 FY11 FY12control on entire value chain and guaranteedsupplies
♦ ‘Cash Cow’ for supporting growth of brandedIMFL business
FY08 FY09 FY10 FY11 FY12
17
Amongst the largest distillation capacity in India
Manufacturing Facilities & Capacity
UnitBulk Litres
(mn)Bottling
(mn Cases)
♦ State‐of‐the‐art plants at Rajasthan (Behror) & Haryana(Samalkha & Hisar) having aggregate annual distillationcapacity of over 120 mn bulk litres with multi‐feedstock
(mn) (mn Cases)
Samalkha,Haryana
56.1 9.6
Hisar,Haryana
14.4 4.2
capability
♦ Deploy zero‐discharge technology – environment friendlyand higher operating efficiency
♦ Abilit t b ild t h l i ll i l t t h Haryana
Behror,Rajasthan
56.1* 4.8
♦ Ability to build technologically superior plants at a muchlower cost than the industry average
♦ Strong growth expected in this segment given the macrosituation vis‐à‐vis demand‐supply gap for potable alcohol
*Out of this, only 41.7mn litres is operable
and implementation of ethanol blending requirements
126 6 mnCapacity Ramp‐up (FY10‐FY13E)… 4x capacity in 4 years
28.8 mn
84.4 mn 84.4 mn
126.6 mnCapac ty a p up ( 0 3 )… capac ty yea s
Brownfield expansion at Samalkha and Behror
Brownfield expansion at Samalkha and Behrorcompleted in Q3 FY13
18
FY10 FY11 FY12 FY13
Merger of ADL with GSL
Manufacturing the largest brands in the world
Name Haryana Rajasthan
♦ Established relationships with leading liquorcompanies viz. United Spirits, JagatjitIndustries and ABD Ltd for supply of high‐
Market Volumes of Franchisors in FY12 (mn cases)*
United Spirits 4.3 ‐*
Allied Blenders & Distillers
0.8 1.5
quality bulk alcohol and bottling of their mainbrands
♦ Currently, bottling Officer’s Choice andBagpiper, the largest selling whiskies in the
Jagatjit Industries 1.7 ‐*
Total IMFL Industry 10.2 8.0
Bagpiper, the largest selling whiskies in theworld
♦ Third‐party bottling provides for assured off‐take of bulk alcohol, ensuring high level ofcapacity utilization
* Bottling relationship with USL, ABD and JIL in Haryana and only ABD in Rajasthan (data based on Globus estimates)capacity utilization
♦ Sticky business with limited investments andconsistent margins
♦ Proxy play on IMFL industry growth growth
y j ( )
♦ Proxy play on IMFL industry growth; growthdependent on brands performance ofcustomers
19
Growth Strategy
Focus on balanced growth…
Bulk Alcohol IMIL
Manufacturing Consumer
Bulk AlcoholEnhance operational efficiency and capacity utilizationBuild exports presence
IMILConsolidate position in existing statesExpand to new states
IMFLDevelop premium brands
IMFL Franchisee BottlingStrengthen existing alliancesAdd new customers
Develop premium brands independently and in collaboration with strong international brandsExpand distribution reach and consolidate regular segmentconsolidate regular segmentLeverage existing distribution network
21
… by nurturing consumer business, driven by cash flows from manufacturing
Establish 360⁰ Hubs in new regions
♦ Growth strategy to be led by creating 360⁰ hubsin new regions with strong growth potential forIMIL and bulk alcohol requirements Existing ‐ North India Hub
♦ East India liquor market is at a nascent stage,similar to North Indian states about 7‐10 yearsago
G h d b l d b h
HaryanaDelhi
RajasthanBihar
West BengalJharkhand
Planned ‐ East India Hub
♦ Growth momentum expected to be led by thetransition from ‘unorganized’ to ‘organized’ andfrom ‘commoditized’ to ‘branded’ combinedwith support from government to promote good
lit f li
West BengalJharkhand
Orissa
quality, safe liquor
♦ Negligible manufacturing capacities, mostlydependent on import of spirits from neighbouringstates, also leading to illegal production ofharmful liquor
♦ East India proposed to be next hub for creating a360⁰ presence, primarily driven by IMILopportunity
22
opportunity
Various factors inter‐playing to make East India a perfect destination for a 360⁰ play
Near Term Plans♦ Very few distilleries in East India, most are lying
closed or are old & inefficient; large demand‐supplygap
Bihar♦ Proposal to set up distillery units in the Eastern
region
♦ New unit(s) to serve the entire region, especiallythe more developed and faster growing states of
JharkhandWest Bengal
p g gBihar, Jharkhand, West Bengal and Orissa
♦ Company will have a first mover advantage, whichcan give significant mileage as market develops
Orissa
♦ Integrated manufacturing operations to ensuregood quality spirit availability for IMIL and IMFL;excess production to be sold externally replacinghigh cost spirit imports from other states
Bulk Alcohol Demand Supply Gap (mn liters)Consumption Production
♦ Company to leverage deep relationships withleading brand players for securing franchiseerelationships
pBihar 80 45Jharkhand 17 ‐*West Bengal 72 21
*Distillery with 17mn liter capacity about to startO i d t t il bl
23
Orissa data not available
Proposal to establish Greenfield presence in the Eastern Region
Financial Overview
Strong revenue and profit growth
Particulars (Rs. Million) FY08 FY09 FY10 FY11 FY12
Income from Operations (Gross) 2,353 2,814 3,843 5,216 7,138
4 year CAGR
Less: Excise Duty Paid and Discount,
Allowance & Returns787 852 1,214 1,433 1,585
Total Income from Operations (Net) 1,565 1,962 2,629 3,783 5,552 37.2%
EBIDTA 245 286 400 652 750
EBIDTA Margin % 15.4 14.4 15.0 17.0 13.4
‐ Depreciation 40 57 (73) 69 123
32.3%
‐ Interest 11 30 14 28 48
PBT (incl. other income) 195 199 459 554 579
Tax Expenses 69 70 170 155 169Tax Expenses 69 70 170 155 169
PAT 126 129 289 399 410
PAT Margin % 7.9 6.5 10.9 10.4 7.3 34.3%
25
Earnings Per Share (in Rs.) 10.3 10.5 14.6 17.4 17.8
Note: FY11 onwards, results include financials of ADL, which was merged with GSL effective April 1, 2010
Amongst the lowest leverage in the industry
Particulars (Rs. Million)As on
March 31, 2008
As onMarch 31,
2009
As onMarch 31,
2010
As onMarch 31,
2011
As onMarch 31,
2012
Shareholders Funds 468 598 1,614 2,085 2,473
Debt 150 180 155 587 1,136
Deferred Tax 45 76 184 260 309
Total Liabilities 663 854 1,953 2,939 3,926
N Bl k 362 563 894 2 195 2 795Net Block 362 563 894 2,195 2,795
CWIP 38 4 469 129 602
Investments 0.3 0.3 0.3 1.2 1.2
Net Current Assets 263 287 590 614 528
Total Assets 663 854 1,953 2,939 3,926
26
The 360⁰model ensures better return than the industry
♦ 360⁰ model ensures better utilization ofcapacities, translating into better thanbenchmark asset turnover
Asset Turnover Ratio
3.34.0
benchmark asset turnover
♦ Lower working capital requirements (due tolarger proportion of IMIL business) and higheroperating efficiency translate into higher ROCE
2.72.3
1.8 1.9
1.0
2.0
3.0
♦ Ability to build plants at lower cost makingefficient use of capital
0.0
FY08 FY09 FY10 FY11 FY12
ROCE (%) RONW (%)
42.3%
31.9%
44.9%
28.9%30%
40%
50%34.9%
24.3% 26.2%21 6%
30%
40%
20.9%
0%
10%
20%
30% 21.6%17.9%
0%
10%
20%
27
FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12
Key Investment Highlights
Key Investment Highlights• Only Company in the Alcobev industry to straddle all segments of the spirits
value chain (consumer and manufacturing)• Insulates from risk in price movement of any one of the products• Enables leveraging growth opportunities across all segments
360⁰ Business Model
• Contributing ~50% to the top‐line• Undisputed leader in North India in IMIL with over a decade of experience ‐
l f 12
• Ensures greater quality control over the entire value chain
volumes of >12 mn cases per year• Pioneer in branding IMIL, developed Nimboo, Rs. 3,500 mn brand at retail
level• Distribution presence for IMFL in 6 states• Launched 4 mainstream brands, of which Hannibal Rum has qualified for CSD
Strong Consumer Portfolio
, qregistration
• Proxy play on growth of branded IMFL business ‐ sticky business with limitedinvestments and consistent marginsDeep Relationships
• Tie ups with industry majors like ABD, Jagatjit and USL for bottling 3.75 mncases per year, who control over 45% of the relevant markets
p pfor Franchisee IMFL
• Amongst the largest grain‐based distillation capacity in the country at over
29
120 mn bulk litres• Secures access to alcohol for branded operations in a scenario where
demand‐supply gap for bulk alcohol is expected to widen considerably
Significant Player in Bulk Alcohol
Key Investment Highlights
• Ability to build technologically superior plants at a much lower cost than theindustry average: Over the last 3 years, ~3x capacity expansion has beenachieved without any equity dilution
• Strong cash conversion cycle resulting in low working capital investment atCapital Efficient Operations g y g g p
33 days• Reflected in high Asset Turnover of ~1.9x and ROCE of ~21%, amongst most
favourable in industry
Operations
• Over the last 3 years, achieved CAGR of 36.4% in gross sales, 37.8% in EBIDTAand 46.8% in PAT
• Strong Balance Sheet with low leverage, debt‐equity of 0.4x, amongst mostfavorable in the industry
• Scope to increase leverage for organic/inorganic expansion
Healthy Financials
Scope to increase leverage for organic/inorganic expansion
• Managed by a group of professionals and an experienced management teamwith a healthy mix of industry experts and young energetic talent
Strong Management Team
30
Annexure
Annexure A: Key Products
French Castle Brandy
Launched recently in May’12…Launched recently in May’12…
Introduced in parts of Andhra Pradesh, soon to be launched in Kerala
Product Description
Brandy in semi‐premium segment, made from the finest grapespirits
Target Segment
♦ Age group of 25 – 35 year olds
♦ Sec A/B
PositioningPositioning
♦ Person, who is discerning, thinker, enjoys finer things in life, thisis a drink for him to relax with
♦ Has French culture embedded in its DNA and every moment oft th ith th ill h “F h” ti
33
truth with the consumer will have a “French” connection
County Club Whisky
Product Description
Whisky in regular segment, blended with rare mature malts, attractivelypackagedpackaged
Target Segment
♦ Age group of 25 – 35 year olds
♦ Sec B2/C (e.g. sales professionals,♦ Sec B2/C (e.g. sales professionals,sole traders, etc.)
Positioning
Reinforces self confidence and beliefReinforces self confidence and belief,meant for aspiring & confidentindividuals, who are extrovert andwho like to socialize – punchline “HarSafar Apne Dum Par”Safar Apne Dum Par
Presence
Punjab, Haryana, Chandigarh,Himachal Pradesh Uttar Pradesh
34
Himachal Pradesh, Uttar Pradesh,Rajasthan and Andhra Pradesh
Hannibal Legendary Rum
Product Description
Rum in regular segment
Target Segment
♦ Age group of 25 – 40 year olds
♦ Sec B2/C (e.g. sales professionals, soletraders, etc.)traders, etc.)
Positioning
Evokes a perfect feeling of bravery, power andheroism that personifies Hannibal Barca – theheroism that personifies Hannibal Barca – thetaste that conquers
Presence
Delhi Haryana Rajasthan Punjab ChandigarhDelhi, Haryana, Rajasthan, Punjab, Chandigarh,Kerala
35
…awarded the SILVER MEDAL at the Monde Selection in 2008
Annexure B: Shareholding and Organisation
Ownership Structure
♦ Listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
Shareholding Pattern as on 12/31/12
Name # Shares % Share
IDFC MF 1,835,000 8.0%
Key Institutional Holding (>1%)
Corp Bodies
Individuals & Others 11.12%
SBI MF 1,473,645 6.4%
Mutual Funds
Corp Bodies 4.11%
Promoters 67.09%
FIIs2.11%
15.57%
37
Board of DirectorsPerson Particulars
Mr. Gautam PremnathKhandelwal
Over 23 years of experience in senior managerial positions, Mr. Khandelwal is on theBoard of many companies such as Nagpur Power & Industries Ltd., Motwane Mfg. Co.Pvt Ltd Krohm Solutions Pvt Ltd Punjab National Bank etcNon‐Executive Chairman Pvt. Ltd., Krohm Solutions Pvt. Ltd., Punjab National Bank etc.
Mr. Ajay Kumar SwarupPromoter & Managing
Over 24 years of experience in the liquor industry. Mr. Swarup promoted GSL in 1993 andprior to that co‐promoted Associated Distilleries in 1983. Mr. Swarup completed hisschooling from Doon School, Dehrandun; graduated in Economics from St. Stephens
Director College, Delhi University, and is a PGDBM from IIM Kolkata. He was President of All IndiaDistillers’ Association during the years 1992 – 95.
Mr. Manik Lal DuttaExecutive Director
Over 36 years of experience in alcohol industry. Mr. Dutta was earlier with UB Group asproduction head for North India & Nepal operation.
Dr. Bhaskar RoyDirector Finance & CFO
Over 21 years of experience in finance and general management with companies such asDhampur Sugar Mills Ltd and Saraya Industries Ltd.
Mr. Shekhar SwarupExecutive Director
Over 3 years of experience, Mr. Swarup joined GSL in 2008. Mr. Swarup has graduated inBusiness and Management from University of Bradford, United Kingdom.
Mr. Rajesh Kumar MalikWhole‐Time Director
Over 29 years of experience in liquor industry with firms such as Tilaknagar industries,Associated Distilleries, etc.
Mr. Rameshwar Dayall
Over 25 years of experience in liquor industry with firms such as Royal Distilleries, SomDi till i O i Di till i t
38
AggarwalWhole‐Time Director
Distilleries, Oasis Distilleries, etc.
Board of DirectorsPerson Particulars
Mr. Joginder Singh DamijaIndependent Director
Over 46 years of experience in various industries including liquor. Served with majorspirit companies including UB Group in multiple positions and as Director and Vicechairman of SAB Indiachairman of SAB India.
Mr. Santosh Kumar BishwalIndependent Director
Extensive experience with companies such Union Carbide, UB Group in senior positions.Mr. Bishwal is a faculty at XLRI.
Mr Satinder LacchmanOver 42 years experience in the Distillery, Sugar, Chemical, Pesticide and the EngineeringInd str He has orked ith J bilant Life Sciences Jagatjit Ind stries Bajaj Hind stanMr. Satinder Lacchman
SinghIndependent Director
Industry. He has worked with Jubilant Life Sciences, Jagatjit Industries, Bajaj HindustanLtd etc. Presently associated with the Distillery & Sugar Industry and advises PowerPlants and is also an Associate Consultant with the Ethiopian Government for Ethanol.Mr Singh is a Chemical Engineer from IIT Delhi.
Mr Kunal Agarwal Mr. Agarwal is a Founder Director of Brattle Foods Pvt Ltd and Laxman Logistics Pvt Ltd.Mr. Kunal AgarwalIndependent Director
g gHe has prior experience with A.T. Kearney and Citigroup. Mr. Agarwal holds an A.B.(Honours) degree in Economics from Harvard College.
Mr. Vivek GuptaI d d t Di t
Over 20 years experience in the industry in senior leadership roles. Mr Gupta is JointManaging Director of Delton Cables Ltd. Mr. Gupta completed his schooling from DoonS h l D h d d h ld B C (H ) d f H R j C ll D lhiIndependent Director School, Dehrandun and holds a B.Com (Honours) degree from Hans Raj College, DelhiUniversity.
39
Key ManagementPerson Particulars
Chalam SurampudiBusiness Head –P j t &
Over 25 years of experience in managing varied businesses, from manufacturing of packagingmaterials to turnkey systems integration, development & supply of software‐ and IT‐orientedprojects and IT education Mr Surampudi is an Electrical Engineer with a PGDBM from IndianProjects &
Procurement
projects and IT education. Mr Surampudi is an Electrical Engineer with a PGDBM from IndianInstitute of Management, Kolkata
Sudhir ChopraCEO‐ IMFL
Over 25 years of experience, Mr. Chopra joined GSL in 2005. Prior to that, he has worked withseveral companies in the liquor industry, such as John Distilleries, ABD India, USL. Mr. Choprahas a PG – Advance Marketing, PGDBA from University of Bath, United Kingdom.has a PG Advance Marketing, PGDBA from University of Bath, United Kingdom.
Paritosh BhandariMarketing Head
Over 14 years of experience in the field of marketing, branding and launching new products.Prior to joining GSL in 2011, Mr. Bhandari has worked with Modi lllva India, SAB Miller India,Levi Strauss India & Sony Electronics India. Mr. Bhandari is a commerce and managementgraduate.
KP PandeySenior Vice President
Over 49 years of experience in the sugar and alcohol industry, has been associated with theestablishment of new distilleries. Mr. Pandey was instrumental in setting up the Hisardistillery, part of erstwhile Associated Distilleries Ltd, now merged in GSL. Mr Pandey is a BSc.graduate with DIFAT from NSI Kanpur.
f f b d dManoj GuptaGM – Finance
Over 15 years of experience in in project financing, taxation, budgeting and taxation . Prior tojoining Globus in 2011, Mr. Gupta has worked with several companies in the FMCG industrylike Taj Milk Foods Ltd, etc. Mr. Gupta is a Chartered Accountant.
Kavita Sharma Over 18 years of experience in human resources and training. Ms. Sharma joined Globus in2011 and prior to this was working with Telco Water Technology and Akiko Sherman Infotek
40
GM – Human Resources
2011 and prior to this was working with Telco Water Technology and Akiko Sherman InfotekLtd. Ms. Sharma is graduate from Delhi University and has a management degree in HumanResource Management.
Thank You!
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