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India is the third-largest client of alcoholic drinks globally, with an annual intake of round 970 crore litres. The trade is estimated to be value Rs 4.5 lakh crore. In 2020-21 by myself, India exported alcoholic merchandise valued at Rs 2,386.91 crore.
Lalit Khaitan, chairman of Radico Khaitan, had formally entered the billionaire membership, in line with Forbes in 2023. His internet value has touched $1 billion following a surge of over 50% within the corporate’s proportion worth this yr. Khaitan owns a 40% stake within the Delhi-based liquor corporate, which is understood for its well-liked alcoholic beverage manufacturers.
Rise of Radico Khaitan
Radico Khaitan, at the start referred to as Rampur Distillery & Chemical Company Ltd., used to be received via his father, GN Khaitan, within the early 1970s. Lalit Khaitan took over the trade in 1995 all through the circle of relatives’s department of property. In a 2020 interview with Fortune, he mentioned his pastime for the liquor trade started early in existence. Under his management, Radico’s marketplace price has grown considerably—from simply Rs 5 crore to greater than Rs 5,000 crore.
Competition with Vijay Mallya
Lalit Khaitan confronted a tricky adventure in remodeling Radico Khaitan into a significant pressure in India’s liquor trade, particularly with robust pageant from established names like Vijay Mallya’s United Spirits, Stilldistilling Spirits India, Maka Zai, and Third Eye Distillery Holdings.
Lalit khaitan training
Lalit Khaitan studied at one of the most nation’s most sensible establishments, together with Mayo College in Ajmer, St. Xavier’s College in Kolkata, and BMS College of Engineering in Bangalore. He additionally enhanced his monetary wisdom via finishing a route in Managerial Finance and Accounting from Harvard University within the United States.
