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Feb 14, 2024
Allied Blenders and Distillers Limited strengthens leadership team with appointment of Head - Investor Relations and Chief Risk Officer
Mumbai, February 13, 2024:
Allied Blenders and Distillers Limited (“ABD”) has appointed Jayathirtha Mukund as Head - Investor Relations and Chief Risk Officer. The organisation is in the process of an initial public offering.
Mr. Mukund will be responsible for investor management and relations, risk management practices and environmental, social and governance reporting. His experience will also be instrumental in enhancing ABD's risk strategies and enabling best practices in compliance.
Prior to joining ABD, Mr. Mukund was associated with Raymond Limited, Reliance Communications Ltd., Adventity Global Services Pvt. Ltd., Vodafone Essar Ltd, Stratcap Securities (India) Private Limited and Zuari Cement Ltd.
Commenting on the appointment, Alok Gupta, Managing Director, ABD said, “We're focused on being 'future-ready' and we welcome Mukund on board.”
ABD is the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022, with major brands like Officer’s Choice, Sterling Reserve, ICONIQ White Whiskies and Kyron Premium Brandy, and looks forward to strengthening its position in-market and drive sustainable growth.
Social Handles:
https://www.linkedin.com/company/abdl
https://twitter.com/ABDL_India
https://www.instagram.com/abdl_india/
About ABD:
Allied Blenders and Distillers Limited (ABDL) is the largest Indian-owned Indian-made (“IMFL") company and the 3rd largest IMFL company in the country, in terms of annual sales volume between Fiscal 2014 and Fiscal 2022. Its flagship brand, Officer's Choice Whisky has been one of the top selling whisky brands globally in terms of annual sales volumes between 2016 and 2019. The Sterling Reserve brand and ICONiQ White Whisky, its semi-premium and deluxe offerings respectively, have met with success. The company has a portfolio that has strong presence in spirit categories of whisky, brandy, rum, vodka and gin and as of August 31, 2023, we have exported our products to 14 countries internationally. As of August 31, 2023, its network includes 9 owned bottling units, 1 owned distillery and 23 non-owned manufacturing units.
Disclaimer: Allied Blenders and Distillers Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a draft red herring prospectus dated January 15, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, the Company at www.abdindia.com and the websites of the Book Running Lead Managers - ICICI Securities Limited, ITI Capital Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) at www.icicisecurities.com, www.iticapital.in and www.nuvama.com, respectively and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively.
Investors should note that investment in equity shares involves a high degree of risk and for details refer to the Red Herring Prospectus, including the section titled “Risk Factors” of the Red Herring Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision.
