i. Hariram Garg, aged 76 years is the managing director of the company. He is a planter in the real sense of the word, the founder of the group, born and brought up in the very heart of the tea belt in Northern India. The vast expanse of the lush tea gardens fascinated him since his early childhood. He gained great insight into the nature of tea- its cultivation and manufacture. Not content with blindly following age-old practices, Hariram Garg sought new techniques and modern methods of cultivation while retaining the effective ones to improve quality and increase productivity. He set up new tea plantation on virgin land and replanted the older sections. Inspired by his passion and foresight, the company progressed, not only manufacturing quality teas but also procuring, blending and packaging some of the finest tea blends. He created a company culture that is an amalgam of the old and the new, combining traditional values with modern technology - always quick to take advantage of technological advancements, emphasising the need for product excellence coupled with eco-friendliness and hygiene. ii. Madan Lal Garg, aged 73 years, is the younger brother of Sri Hariram Garg. Like Hariram Garg, He is also actively participated in Tea Garden of the Company. Apart of this tea Garden, he is also managing the state of affairs of other Tea Gardens like Debijhora Tea Estate & Azamabad Tea Estate. His views to implement new technique in the Tea Garden resulted in production of finest CTC Tea leaves. He has brought new technology in the state of affairs. Apart from the above, he is also holding position of directorship in the Group Companies. He has more than 35 years of experience in the field of Chemicals & Fertilizer and Tea. iii. Rajesh Garg, aged 56 years, is a commerce graduate from Calcutta University. He started his career managing the timber and wood processing plant, handling a large pool of workers and having first-hand experience of running a manufacturing unit. He is instrumental in setting up the Green Tea manufacturing unit in the Group’s Tea Estates. He has years of valuable business experience and is an integral part of the group. Actively involved in managing of the state of affairs of Tea Garden and actively focused on every movement of Tea Garden over 28 years’ experience in business of Tea.  

Particulars (in Lakhs)	2022	2021	2020
Revenue from Operations	1,949	2,307	1,549
Cost of Material Consumed	25	187	111
Change in Inventories	16	-36	-36
Employees Benefit Expenses	1,053	1,109	1,004
Other Expenses	522	628	426
EBITDA	333	419	44
OPM%	17.09%	18.16%	2.84%
Other Income	44	6	123
Depreciation	103	90	91
Finance Cost	161	210	198
PBT	113	125	-122
Tax	-19	-3	0
PAT	132	128	-122
No. of Shares	149.94	149.94	149.94
EPS	0.88	0.85	NA

 

Name of the Companies	Revenue (Cr)	Profit (Cr)	EPS	P/E	CMP	MCap
Dhunseri Tea & Industry Limited	349	-94	-89.6	-2.43	218	229
Tata Consumer Products Limited	12,425	1,015	10.15	64.4	730	67,827
Goodricke Group Limited	823	5	2.44	78.7	192	415
Neelamalia Agro Industries Ltd.	30	33	522.7	5.9	3500	218
Indong Tea Company Limited	19	1.32	0.88	30	26	25.9

 

Indong Tea Company Limited Sikkim Commerce House, 4/1, Middleton Street, Kolkata – 700071 Phone: +91 33 4006 3601 Email: cs@indongteaco.com Website: http://www.indongteaco.com/