History of Tata Coffee Ltd.
YEAR EVENTS 1943 - The Comp. was incorporated at Pollibetta, South Coorg in Karnataka State. The main object of Comp. is Cultivation of coffee, pepper, oranges, paddy, cardamom & other plantation & agricultural products. The estates of Comp. are situated in coorg. The Comp. also owns curing works known as Kushalnagar Works which was originally acquired in January 1949.
- The Comp. also acts as suppliers of manures & other estate requirements & as stock lists for Drake & Flectcher Ltd., Maidstone, Kent for spraying machines & spare parts.
1952 - 1,59,000 Bonus equity shares issued in the prop. 1:2.
1956 - 2,38,500 bonus equity shares issued in the prop. 1:2.
1966 - The Company name was changed from the Consolidated Coffee Estates [1943s] Ltd., to Consolidated Coffee Ltd.
- 3,57,750 bonus equity shares issued in prop. 1:2. 2,68,312 No. of equity shares issued without payment in cash.
1969 - 4,47,187 bonus equity shares issued in the prop. 1:3.
1973 - 7,15,498 bonus equity shares issued in the prop. 2:5.
1977 - 8,34,749 bonus equity shares issued in the prop. 1:3.
1979 - Veerarajendra Estates Ltd., is a subsidiary of Company. Another subsidiary under the name Conscofe Investments Ltd., was promoted on 18th January.
1981 - 16,69,498 Bonus equity shares issued in prop. 1:2.
1983 - The Company subsidiary SIFCO Ltd., manufacture precision mechanical alarm time pieces under brand name of 'Favreleuba' of Switzerland & 'Jaz' of France.
1986 - 25,04,247 bonus shares issued in prop. 1:2.
1988 - Effective 1st April, SIFCO Ltd., was merged with the Company. As per the Scheme of Amalgamation, the Comp. allotted 92,826 No. of equity shares [without payment in cashs] to the shareholders of SIFCO Ltd.
1989 - Tata Tea limited [TTLs], by its letter of offer dated 20th October, offered to purchase the entire equity shareholding in Consolidated Coffee limited [CCLs], the offer being restricted to only the resident Indian shareholders holding 80% of share capital of CCL [20% being held by foreign investorss].
- As per this offer, for every two equity shares of CCL of the face value of Rs 10 each, TTL was to offer one equity share of TTL of face value of Rs 10 each plus a sum of Rs 100 in cash. The said offer was also open to resident Indian new shareholders of CCL consequent upon the merger of SIFCO with CCL.
- 92,826 shares allotted without payment in cash pursuant to scheme of amalgamation of Sifco with the Company.
1990 - TTL acquired 52.40% of Company equity share capital whereupon the Comp. became a subsidiary of TTL with effect from 20th November.
1995 - 19,01,390 Bonus share issue in prop. 1:4.
1997 - The Comp. entered into Timber Value-Addition industry by converting its Silver Oak timber into plywoods of different types under the brand name 'CONSWOOD'.
- Consolidated Coffee Ltd [Conscofes], a Tata Tea subsidiary and also India largest plantation company, is launching itself on a major acquisition spree to bolster its coffee production.
- The Bangalore-based Consolidated Coffee [Conscofes] whipped up yet another recipe for success earlier this year when it launched Tata Kaapi, a 70:30 instant coffee-chicory mix. The new brand - which is also the Tata Tea unit first foray into premium coffee-is pitted against Brooke Bond Lipton Bru [50 per cent marketshares] & Nestle India Sunrise [43 per cent shares] in the mixed instant coffee segment.
- The company, which has recently introduced Tata Kaapi, a 70:30 instant coffee-chicory mix, is aiming to take of Hindustan Lever Ltd Bru [50 per cent market shares] and Nestle Sunrise [43 per cent shares] in the mixed instant coffee segment.
- CCL is the largest plantation Comp. in Asia with 13,362 acres under cultivation in Coorg & Chickmaglur districts of Karnataka. CCL has a tea estate - Glinglorna Tea Estate in Kudiga.
- The Comp. introduced Golden Roast, Double Roast - both chicory blended coffee brands towards the end of 1996 to address the lowest price segment.
- The Rs 86-crore Consolidated Coffee [Conscoffees]--a wholly-owned subsidiary of Rs 519-crore Tata Tea--is the country largest grower of coffee with 18,000 hectares under its belt in Karnataka, has made tremendous inroads into the coffee market.
1998 - Consolidated Coffee Limited [Conscofes], a subsidiary of Tata Tea Limited, has entered into an agreement with the Mysore-based Veneer Mills for manufacture of plywood and allied products. This is the first time that Conscofe is entering into plywood making.
- Consolidated Coffee Ltd [CCLs], the Bangalore-based subsidiary of Tata Tea Ltd, having the largest coffee plantations in Asia, is set to take over Coffee Lands Ltd [CLLs] & Asian Coffee Ltd [ACLs], & merge its 100 per cent subsidiary Veerarajendra Estates Ltd [VELs] along with CLL 100 per cent subsidiary Charagni Ltd retrospectively from April 1, 1998.
- The Comp. proposes to set up additional Tata Cafe branded coffee vending machines this fiscal. To increase the business volume of coffee, the Comp. will enhance its institutional contacts as well.
- CCL has recently entered into timer value addition industry by getting its silver oak timber converted into plywoods of different types.
1999 - The Comp. has a coffee-curing capacity of over 32,000 tonne per annum spanning three choice locations in South India.
- TATA TEA subsidiary Consolidated Coffee [Conscofes] is launching the country first aroma valve-pack, incorporating Italian technology, where you can smell the coffee at the time of purchase without any disruption in the product shelf-life.
2000 - The Comp. has entered into two tripartite agreements with NSDL, CDSL & TSRL for dematerialisation of securities.
- ICRA has assigned `MAA+' rating indicating highest safety to the Rs 32-crore non convertible debenture programme of Company.
- The Comp. has entered into a Brand Equity - Business Promotion Agreement with Tata Sons limited & will soon be using the group composite mark in all its operations.
- Consolidated Coffee, Asia largest coffee plantation company, has changed its name to Tata Coffee limited with effect from 11th August.
- Consolidated Coffee Ltd, is drawing up its e-commerce strategy to set up the country first business-to-business [B2Bs] & business-to-consumer [B2Cs] portal for coffee.
- The Comp. has signed an Agreement for sale of its entire Equity holdings in Saptarishi Agro Industires Ltd., to Global Green Comp. Limited, New Delhi.
- The Comp. has acquired a coffee estate in Kodagu viz., Coovercolly Estate, comprising of 1320.88 acres from Kothari Industrial Corporation Limited.
2001 - Icra has assigned A1+ rating for enhanced Rs 20 crore commercial paper programme of Tata Coffee. Icra has also retained the MAA+ rating indicating high safety assigned to the Rs 32 crore medium term NCD programme.
2002
-launched its new product 'Mr Bean', a filter coffee with a blend of 53 per cent coffee & 47 per cent chicory, in Kerala
2003
-approved delisting of shares from Stock Exchanges at Chennai Bangalore & Hyderabad.
-Tata Tea Ltd, has announced the acquisition of Highhill Coffee India Pvt. However, the cost of acquisition couldn't be ascertained
- High Court of Karnataka has approved the Scheme of Amalgamation of Company wholly owned subsidiary, Conscofe Investment Ltd with the Comp. with effect from April 1, 2003
-Mr. M R Pai, director of company, passes away on July 3, 2003
2004
-Tata Coffee wins gold medal for best robusta at Paris
-Tata Coffee inks pact with Starbuck for Arabica supply
2005
- Bags all-India as well as regional awards at the `Flavour of India-Fine Cup Award Cupping Competition 2005' organised by Coffee Board of India.
- Tata Coffee has acquired six estates [one coffee & five teas] in South India for Rs 55 crore from Tata Tea Limited
