Sula Vineyards Ltd. Company History and Annual Growth Details

The Company was incorporated as “Nashik Vintners Limited” as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the RoC on February 26, 2003. The Company was granted the certificate for commencement of business on March 6, 2003 by the RoC. The name of the Company was changed to “Nashik Vintners Private Limited”, pursuant to a fresh certificate of incorporation consequent on change of name issued by the RoC on January 24, 2006. Subsequently, the name of the Company was changed to “Sula Vineyards Private Limited”, pursuant to a certificate of incorporation pursuant to change of name issued by the RoC on August 11, 2014. On the conversion of the Company to a public limited company, pursuant to a resolution passed by the Shareholders on December 27, 2021, the name was changed to “Sula Vineyards Limited” and a fresh certificate of incorporation was issued by the RoC on February 11, 2022.

2003 

-Incorporated as Nashik Vintners Limited

2005 

-Launched India’s first wine tasting room at the winery in Nashik, Maharashtra

2008 

-Launched “SulaFest” - India’s first wine themed music festival at the Nashik, Maharashtra facility Opened the country’s first vineyard resort

2015 

-Acquired 50.00% of the share capital of Remy Sula India Private Limited (subsequently renamed as ASPL)

-ASPL became a wholly owned subsidiary of our Company

2017

-Acquired the winery unit business of Heritage Grape Winery Private Limited

2018 

-Acquired 51.00 % of the paid-up share capital of PADPL

2020 

-Launched ‘Dia’, India’s first wine-in-a-can

-Most visited vineyard in India, with approximately 368,000 people visiting our vineyards in Fiscal 2020

2021 

-The Subsidiary, ASPL, acquired the winery unit business of York Winery Private Limited

-Divested of the entire stake from PADPL, aggregating to 51 % of its paid-up share capital

-Largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021

-Highest number of D2C sales in the Indian wine industry in Fiscal 2021 (Source: Technopak Report)

2022 

-Sula International Limited, the erstwhile subsidiary (a company which was incorporated in U.K.) was voluntarily dissolved with effect from April 26, 2022

-Offered 56 labels to choose from a portfolio of 13 distinct brands as of September 30, 2022.

-One of the top 10 most followed vineyards in the world, having a large following on social media

-India’s largest wine producer and seller as of March 31, 2022

2024

-"Acquisition of N D Wines Private Limited''.