Rossell
Tea Ltd. (The Company) espouse the cause of long-term success in all areas of its business and commit itself to achieve this through excellence in productivity, quality and performance. The company will continue to evolve, learn and adapt for the common good of its stakeholders. The Company is further committed to the well being of all employees in particular and the society at large, in general.
The Company immediately after taking over the management of Dikom, Nokhroy and Borahi T.Es., took effective steps for upgrading the quality further and at present all the Tea Estates are well established quality marks in overseas markets. The saleable production at the time of takeover was 2.7 Million Kgs of Black Tea, which after recent corporate restructuring and three successive acquisitions is around 5.0 Million Kgs of Black Tea. At present, the Company owns Dikom, Nokhroy, Nagrijuli, Bokakhat and Romai T.Es., all located in Assam. After corporate restructuring, Borahi T.E. was demerged and transferred to another Company viz. Jyoti Holdings Pvt. Ltd., which Company is no more under the management of Rossell Tea Limited.
The Company diversified into Aviation Industry and created a new division viz. Aerotech Services which became fully operational on and from 1st April, 2006. This division acquired 56.25% Share Capital of Sigma Microsystems Pvt. Ltd.,Hyderabad, the Company engaged in the business of manufacturing, design and development of Avionics, Electronics and Aviation Equipment, thereby making that Company a Subsidiary of the Company on and from that date
The present Share Capital of Rossell Tea Ltd. is Rs.63.14 Million divided into 6.314 Million Equity Shares of Rs.10 each. Out of 6.314 Million Equity Shares, 4.653 Million Equity Shares representing 73.67% of the Equity Share Capital is held by the Holding Company, BMG Enterprises Ltd., Delhi. The Equity Shares of the Company are quoted at Calcutta and Guwahati Stock Exchanges.
The Board of Directors comprises Mr. H. M. Gupta, Executive Chairman, Dr. S. S. Baijal, Mr. R. N. Deogun, Mr. H. M. Parekh, Mr. P. L. Agarwal, Directors and Mr. C. S. Bedi, Managing Director
Mr. H.M. Gupta has been the Director of the Company since its incorporation and was designated Managing Director and Executive Vice Chairman in May, 1996. He took over as Executive Chairman of the Company with effect from February 1, 2001. Mr. Gupta, who has traveled extensively all over the world in connection with his business, has gained considerable experience and knowledge both in commerce and industry over the past 3 decades. In view of his varied exposure, he is fully conversant with commercial, financial and administrative activities of diverse businesses.
Dr. S S Baijal is also a Director of the Company since inception. Dr. Baijal, D.Phil in Organic Chemistry, is well - versed in corporate affairs and management. Having retired as Managing Director of ICI India Ltd., he is associated as a Director in various companies and is also the Chairman of the Audit Committee of the Board of Directors.
Mr. R.N. Deogun was the Managing Director of the Company since inception till he retired on and from 1st July, 2003. Mr. Deogun who has extensive and varied experience in the Tea Business over the last 5 decades was also Managing Director of Tata Tea Ltd., the largest integrated Tea Company in the world. After his retirement from Tata Tea Ltd., he was Vice Chairman of Assam Frontier Tea Ltd., before taking over as Managing Director of Rossell Tea Ltd. in 1994.
Mr. H.M. Parekh, an expert in Tea Trade, retired as Chairman and Managing Director of J.Thomas & Co.Pvt.Ltd., the oldest Tea Brokering House in India. Thus the Company has the privilege of valuable advice of Mr. Parekh from time to time.
Mr. P L Agarwal is an Attorney - at - law, being a Senior Partner of M/s.Khaitan & Co., Solicitors & Advocates. He is associated as a Director in number of companies and thus, well-versed on corporate matters.
Mr. C.S.Bedi, Managing Director was earlier the Executive Director till 30th September, 2007. He has wide experience of more than 39 years in the Tea Industry, having worked in various capacities in Jardine Henderson Ltd. and later at Rossell Tea Ltd., since its inception. The day to day management of the company is entrusted upon him under the supervision, direction and control of the Board of Directors.
About Us
Rossell
Tea Ltd. (The Company) espouse the cause of long-term success in all areas of its business and commit itself to achieve this through excellence in productivity, quality and performance. The company will continue to evolve, learn and adapt for the common good of its stakeholders. The Company is further committed to the well being of all employees in particular and the society at large, in general.