Tilaknagar Industries: Star investor Madhusudan Kela picks 34 lakh shares in Mansion House maker

Tilaknagar Industries: Star investor Madhusudan Kela picks 34 lakh shares in Mansion House maker

Tilaknagar Industries Ltd (TI), leading producer of premium brandies, has allotted 34 lakh shares to Singularity Equity Fund, the investment vehicle backed by star investor Madhusudan Kela. These shares were issued to warrant holders upon conversion, the company said in a filing. This move strengthens the company’s capital base at a time when the company is expanding into new categories and scaling its premium portfolio.The allocation comes at a time when Tilaknagar Industries has entered a new phase of expansion. Long known for building the Indian brandy market with leading labels such as Mansion House and Courrier Napoleon, the company recently made a strategic move into the premium whiskey segment.

The company launched Seven Islands Pure Malt Whisky, a 100% pure malt made with select Indian and Scottish malts. The new whiskey marks its entry into a category dominated by global and domestic giants, reflecting its ambition to diversify beyond cognac and capture a larger share of the Indian premium spirits market.

“Seven Islands introduces a style that goes beyond the single malt focus that has shaped recent conversations around Indian whisky. As a pure malt, it combines four single malts – two from India and two from Scotland, allowing it to draw unique characteristics from multiple distilleries, regions and maturation styles,” the company said.

The move also follows the announcement that it will acquire Imperial Blue, the third best-selling whiskey brand in the world. Once completed, this acquisition would immediately make Tilaknagar one of the key players in the Indian whiskey market, making whiskey the second major growth pillar next to its long-standing dominance in brandy.


Tilaknagar Industries has evolved from a sugar manufacturer to a major IMFL (Indian made Foreign Liquor) company over the decades. Today, TI operates through two main lines of business: the mainstream IMFL business led by Mansion House and Courrier Napoleon, and its premium division, House of TI, which includes Monarch Legacy Edition and the investment arm that backs emerging craft beverage makers. The new allocation of shares to the Singularity Equity Fund underlines the confidence of institutional investors in the company’s long-term strategy.

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