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Terai Tea Company Ltd. Company History and Annual Growth Details

Incorporated as a Private Limited Company on 25.09.1973 as
Terai Tea Company Private Limited under the Companies Act,
1956. The Company became a "Deemed Public Company" pursuant
to section 43A(1) of the Companies Act 1956 w.e.f.
26.04.94. Subsequently the share holders of the Company
passed a special resolution on 15.11.94 for deleting the
restriction clause under section 3(1 )(iii) of the
Companies Act and as such the Company became a public
limited company within meaning of section 3(1)(iv) of the
Companies Act, 1956 and the Registrar made the requisite
endorsement on Certificate of Incorporation on 05.01.95.

B. MAIN OBJECTS OF THE COMPANY

The main objects of the Company as set out in the
Memorandum & Articles of Association of the Company
inter-alia include:

1. To carry on the business of tea planters in all its
branches, to grow, cultivate, produce, prepare, manufacture
and render marketable tea, coffee, cinchona and to buy,
sell, dispose of, export and deal in tea, coffee, cinchona
either in its prepared, manufactured or raw state and
either by wholesale or retail.

2. To grow, cultivate, buy, prepare, manufacture and render
marketable any seeds, fruits and vegetable produce or
products of the soil, and products of agriculture or
husbandry and to sell, dispose of an deal in any such
seeds, fruits, produce and products in their prepared,
manufactured or raw state and either by wholesale or
retail.

3. To carry on the business of Timber Growers, Timber
Merchants and Saw-mill Properietors and to buy, sell, grow,
prepare for market, manipulate, import and deal in timber,
wood and fuel of all kinds and to manufacture and deal in
Tea Chests and articles of all kinds in the manufacture of
which timber or wood is used.

C. PRESENT BUSINESS

The main business of the company is tea plantation,
processing and trading & export of tea. This Company owns
Bagdogra Tea Estate situated at Bagdogra in Terai region of
North Bengal which has total grant area of 802.08 acres
(324.73 hectares), having annual production of 8 lakh kgs.
of tea. The Company is also engaged in export of tea,
having started this operation only in the year 1992-93. In
addition the Company has also started a separate division
for marketing of Packet Tea under it's own brand name MY
CUP in the domestic market.

The Company started it's export division only in the year
92-93, the first shipment having been made only in
November, 1992. In just 5 months' time during the year
92-93, the Company could achieve a turnover of Rs.22.09
Crores, which is considered phenomenal for a new entrant.
The year 93-94 was considered very bad in view of fall in
demand of tea in the Russian Market and the total export of
tea from India witnessed a sharp decline. In spite of such
heavy odds, the Company could achieve an export turnover of
Rs 13.22 Crores in the year 93-94. The Company has already
achieved a turnover of Rs. 6 crores upto October, 1994 and
has finalised a further order for Rs. 12.54 crores to be
executed by March, 1995. The Company is also negotiating
further orders for Rs. 6 crores worth of tea to be shipped
by March, 1995 and is thus positive about achieving a
turnover of Rs. 25 crores during the year 94-95. The Company
has also received orders for shipment of 4000 M/tons of tea
from April 95 to July 95 from Soviet Russia and thus
expects substantially high export turnover during the next
year. The Company has already signed a Memorandum of
Understanding(MOU) with M/s Sovincom of Moscow Russia, one
of the leading importer of tea in Aussia, for export of tea
worth Rs.500 Million during the year 1995-96. Thus in spite
of heavy odds the Indian tea export business is facing, this
Company is growing. This has been possible only because of the
policy of the Company to popularise it's brand name in the
importing countries. The Company is at present marketing tea in
packets under the brand names of TERAI KING, TERAI QUEEN, TERAI
RUNGNEET, MONARCH, TERAI MAHARAJA, TERAI SUPER AND TERAI
SNOWVIEW. etc.

Presently, the Company is blending and packeting tea on a
contract basis from outside parties. In spite of excercising
proper supervision, problems arising from complete dependance
on outside parties are many such as in the fields of quality
control, delays in deliveries etc.

Hence, it is absolutely essential to have own unit dedicated
for blending & packeting with modern machines for tea
processing. This will enable the company to plan major
expansion in the export market.

Area under Tea : 614.86 Acres (248.93 Hectares)

Production in last 10 years : Qty. (in Kgs,)
84 (Calandar Year) - 431938
85 " - 417877
86 " - 362992
87 " - 413578
88-89 (15 months) - 449657
89-90 - 470308
90-91 - 537260
91-92 - 454700
92-93 - 535540
93-94 - 709256

2010

-Registered Office of the Company has been shifted from 11, Government Place (East) Kolkata - 700069 to 10, Government Place (East) Kolkata - 700069,

2014
-Terai Tea Company appointed Mr. Hemant Kumar Agarwal as an Additional Director of the company.

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