TheKhoday Group,also known as theHouse of Khodays,is an Indian multi-service business group based inBangalore,Karnataka.It was founded in 1906 by Khoday Eshwarsa.[2]Khoday Group companies include Khoday Engineering, Khoday Contact Center, Ram Mohan Travels, Khoday Biotech, Khoday Agro, Khoday Technologies, Khoday Glass, Khodays Silks and L K Power.[3]Khoday India Ltd.is the Group's listed company on theBombay Stock Exchange.[4]
| BSE:507435 | |
| Founded | Bangalore,Princely State of Mysore,British India(1906) |
| Founder | Khoday Eshwarsa |
| Headquarters | Anjanapura, Bangalore,Karnataka ,India |
Key people |
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| Website | www |
History
editThe Khoday Group was founded by Khoday Eshwarsa in 1906 as a manufacturer of silk. The company was inherited by his sons Khoday Venkusa, Khoday Lakshmansa and Khoday Krishnasa. Venkusa and Lakshmansa expanded the Group's business activities by creatingdistilleryandstationerydivisions.[5]Today, the Group employs over 6,000 people and has expanded its operations into further enterprises.[6]
Khoday Distilleries Ltd was incorporated as aprivate limited company,under theCompanies Act, 1956,on 28 September 1965. It later became a deemedpublic limited companyunder Section 43A of the Act, on 22 October 1980. The company was promoted by the House of Khodays.[7][8]Khoday Distilleries launchedRed Knight whiskyin 1967,[7][8]and began producingPeter Scotwhisky in May 1968.[9]Both whiskies are manufactured at the company's Bangalore facility.[10]In July 1986, the company went public to part-finance its modernization programme.[11]The company issued 2.4 millionequity sharesat a premium of₹10 per share linked to 480,000 - 15%non-convertible debenturesof₹100 each, out of which some shares anddebentureswere reserved and allotted on a preferential basis.[7][8]The company was renamed Khoday India Ltd. on 14 February 1992. Manaylux Papers and Boards Pvt Ltd wereamalgamatedwith the company in 2000, giving it anin-housecapacity to manufacture paper products.[11]Khodays Systems was merged with the Khoday India Ltd. in 2003.[7][8]
Khoday began exporting Peter Scot and Red Knight to Italy in October 2007.[12]In November 2007, the Khoday Group announced that it was transferring ownership of all of its bottling plants to the parent company "to synergise their operations and manage them better".[13]Red Knight, which was initially available only inNorth India,[14]launched in theSouth Indianmarket on 23 November 2007.[15]Khoday began exporting Red Knight to Canada in 2008.[16]Khoday India entered into a strategic bottling alliance withCobraBreweries in April 2008, under which Cobra would source 50,000 cases from Khoday to cater to the South Indian market.[17]
The Khoday Group set up the Khoday Stem Cell Research & Medical Centre (KSRMC) at Anjanapura near Bangalore, with an investment of₹150 million(US$1.8 million), as part of its diversification strategy in the healthcare. They also provide medicines and everyday essentials to the underprivileged of their community to give back to the world and do their bit to help them. This also includes providing them with healthcare necessities. The facility, spread over 49 acres with a built-up area of over 45,000 sq. ft, was commissioned in April 2011 and caters to therapies indiabetes,critical limb ischemia,neurology,orthopaedicsandcardiology.It has 32 beds, three operation theatres, 2 cGMP clean rooms, a training centre and an advanced research lab.[18]
Divisions
editKhoday Engineering contains two divisions - Construction and Engineering.[19]The Engineering Division has 2000 employees and is involved in the manufacture of product engineering items and fabrication of plant and machinery for distilleries, breweries, hotels, food processing, pharmaceuticals anddairies,and also civil construction activity.[19]The Electronics Division is engaged in the manufacture of equipment for geo-physical investigations.[7][8]
Khoday Contact Centre is a 1,000-seater voice-based call centre located onKanakapura Road,Bangalore.[2]Khoday Agro runs Khoday estates and farmland.[20]
Alcoholic beverage brands
editKhoday manufactureswhisky,brandy,rum,and beer.[21]
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References
edit- ^"Management".Khodayindia.Retrieved29 August2013.
- ^abMini Joseph Tejaswi (27 November 2007)."Khoday group to invest Rs 2,000 cr for expansion".The Times of India.TNN.Archivedfrom the original on 22 August 2013.Retrieved29 August2013.
- ^"Khoday India Limited".Khodayindia.Retrieved29 August2013.
- ^"Announcements".Bseindia.Retrieved29 August2013.
- ^"History".Khodayindia.Retrieved29 August2013.
- ^"Organisation".Khodayindia.Retrieved29 August2013.
- ^abcde"Khoday India".The Economic Times.Retrieved29 August2013.
- ^abcde"Khoday India".Moneycontrol.Retrieved29 August2013.
- ^"SUPREME COURTS BARS CHALLENGE TO" PETER SCOT "ON PRINCIPLES OF ACQUIESCENCE AND/ OR WAIVER"(PDF).Retrieved11 August2013.
- ^"Khoday Red Knight Whisky storms into south Indian markets".Fnbnews. 8 December 2007.Retrieved29 August2013.
- ^ab"Khoday India Ltd Background details about Company Profile".Indiainfoline.Retrieved29 August2013.
- ^"Khoday to export whiskies to Europe".The Economic Times.TNN. 1 October 2007. Archived fromthe originalon 24 December 2013.Retrieved29 August2013.
- ^"Khoday Group to shift bottling plants to Khoday India".Business Line.24 November 2007.Retrieved29 August2013.
- ^"Khoday plans Rs 150-cr expansion".Rediff.24 November 2007.Retrieved29 August2013.
- ^"Khodays launches 'Red Knight' whisky in South India".Oneindia News. 23 November 2007. Archived fromthe originalon 7 April 2014.Retrieved29 August2013.
- ^"Khoday to acquire Scottish bottling plant".Business Standard.5 December 2008.Retrieved29 August2013.
- ^"Article - Single News; The International Business & Technology Newspaper for the Beverage Industry".Beveragemanager.net. Archived fromthe originalon 27 March 2012.Retrieved29 August2013.
- ^Nandita Vijay (22 January 2011)."Khoday Group ventures into stem cell therapy, research".Pharmabiz. Archived fromthe originalon 5 March 2016.Retrieved29 August2013.
- ^ab"Khoday Engineering".Khodayindia.Retrieved29 August2013.
- ^"Khoday Agro".Khodayindia.Retrieved29 August2013.
- ^"Flavours".Khodayindia.Retrieved29 August2013.
