Results for: Radico Khaitan

Abhishek Khaitan, a third-generation entrepreneur, has led Radico Khaitan Limited, a prominent liquor-making company, to new heights. As the son of liquor baron Lalit Khaitan, he spearheaded the company’s foray into the branded business, launching successful brands like 8PM Whisky, Contessa rum, and Magic Moments vodka. His vision and leadership have contributed to Radico Khaitan’s impressive growth and market capitalization, solidifying his status as a leading figure in India’s liquor industry.

Nikhil Kamath, co-founder of Zerodha, has revealed a significant investment of approximately Rs 400 crore in Radico Khaitan, the liquor company behind popular brands like Magic Moments vodka and 8PM whiskey. Kamath, who holds a 1.6-1.7% stake in the company, discussed the investment during his podcast, ‘WTF, Alcohol is a $70B Business in India?’, available on his YouTube channel.

Lalit Khaitan, the founder of Radico Khaitan, has transformed the Indian spirits market with his unwavering determination, innovative spirit, and strategic leadership. Radico Khaitan’s portfolio boasts well-known brands like Magic Moments, 8PM Premium Whisky, Rampur Indian Single Malt Whisky, and Regal Talon Whisky, solidifying its strong presence in the industry. Under Khaitan’s guidance, the company has expanded to over 85 countries, achieving a market capitalization of approximately Rs 23000 crore. His innovative products, like ‘Happiness in a Bottle’ gin, have garnered immense popularity, resulting in a significant increase in publicly traded shares. With an estimated net worth of $1 billion, Lalit Khaitan’s success story exemplifies the power of hard work, innovation, and ethical business practices.