Tilaknagar Industries appoints Nishant Jain as President - Sales

Leading Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited (TI) (BSE: 507205) (NSE: TI), has announced the appointment of Mr. Nishant Jain as its President - Sales.

Mr. Jain's extensive experience with leading alco-bev companies will be a key driver of TI's growth at a time when the company is gearing up to expand its presence in the whisky segment across the country, with the impending acquisition of Imperial Blue Whisky from Pernod Ricard India. An independent sales vertical has been created at TI to establish the company's leadership in the whisky category that accounts for nearly 65 per cent of the IMFL market in India. Traditionally, TI has been a leading brandy maker dominating in prominent IMFL markets in South India such as Andhra Pradesh, Telangana, Karnataka, Puducherry and Kerala, amongst others.

Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries said, "Nishant's extensive experience and proven leadership will be instrumental in strengthening our growth journey, as we expand our regional and portfolio presence, following the Imperial Blue acquisition."

With over 26 years of experience in Sales, Trade Marketing and Key Accounts, Mr. Jain has had a wide exposure to the alco-beverage sector in India which ranks as one of the largest whisky markets across the globe. Prior to joining TI, Mr. Jain was Chief Operating Officer, Spirits Business at Inbrew Beverages. Earlier, he has worked with Allied Blenders & Distillers as well as Pernod Ricard India, leading sales and trade marketing initiatives nationwide.

An alumnus of IIT Roorkee and IIM Lucknow, Mr. Jain is widely recognized for his expertise in scaling businesses and building high-performing teams.

Taking on the new role at TI, Mr. Nishant Jain said, "I am excited to join Tilaknagar Industries at this transformative stage in its journey. With a vast portfolio of brands and a talented team, TI is well positioned for growth and I am eager to contribute to its next phase of expansion."

Shares of Tilaknagar Industries Limited was last trading in BSE at Rs. 468.85 as compared to the previous close of Rs. 452.30. The total number of shares traded during the day was 61098 in over 1538 trades.

The stock hit an intraday high of Rs. 470.30 and intraday low of 451.90. The net turnover during the day was Rs. 28354543.00.

Source : Equity Bulls

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TilaknagarIndustries INE133E01013 TI Breweries Distilleries IMFL Appointment President Sales