Shaw Wallace
| Public company | |
| Traded as | |
| Industry | Beverages |
| Fate | Merged with United Spirits Ltd[1] |
| Founded | India |
| Founder | R.N Shaw |
| Defunct | 1 April 2007 |
| Headquarters | Wallace House, Kolkata, West Bengal, India |
| Products | Brewery, alcoholic beverages |
Shaw Wallace & Company Limited, abbreviated to SWC, was an Indian liquor manufacturer headquartered in the Wallace House in Kolkata, West Bengal. It was established in 1886 by R.N Shaw.[2] It was involved in the production and sales of Indian Made Foreign Liquor (IMFL). The two biggest brands of SWC were Royal Challenge whisky and Director's Special whisky.[3]
In mid-2005, SWC's spirits business was acquired by the United Breweries Group (UB Group) and its breweries and beer business was acquired by SABMiller. On 1 April 2008, Shaw Wallace was merged with United Spirits Ltd, a subsidiary of the UB Group.
History
Shaw Wallace & Company Limited was established in 1886 by R.N Shaw.[2] Prior to 1999, SWC was into diversified businesses, which it shed as part of a restructuring plan. It 1999, it sold Calcutta Chemicals Ltd and Detergents India Ltd to Henkel SPIC.[4]
On 21 March 2005, UB Group increased their ownership of Shaw Wallace to 54.54%. [5][6][6] SWC's breweries and beer business was acquired by SABMiller. Royal Challenge beer, which is mainly sold in the state of Andhra Pradesh, is with SABMiller.
During 2006-07, Shaw Wallace & Company Ltd recorded a net sales turnover of Rs 1388.5 million, (Rs 1155.2 million in 2005-06), total income of Rs 2321.5 million (Rs 2933.8 million in 2005-06), while the profit after tax was Rs 820.7 million (Rs 468.6 million in 2005-06). Director S.R. Gupte announced on 29 September 2007 that merger talks would soon get underway between United Spirits and Shaw Wallace.[7][8] The merger was later approved by the Shaw Wallace board of directors.[9]
Sega Mega Drive
In India, distribution of the Sega Mega Drive was handled by Shaw Wallace Electronics, with the products being sold for ₹18,000 (US$270).[10] Sega entered the partnership in the northern hemisphere spring of 1995 because it wanted to circumvent an 80% import tariff.[11] The distribution of Sega products was acquired by Maze Marketing (now Mitashi Edutainment) later that year.[10]
References
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- ↑ 2.0 2.1 "Get In Touch." Shaw Wallace. Retrieved on 2 November 2011. " Please Send us your Feedback on : Shaw Wallace & Company Ltd. Wallace House 4 ,Bankshall Street Kolkata-700001"
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ 10.0 10.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Screen digest." Screen Digest Ltd., 1995. Retrieved from Google Books on 2 November 2011. "Sega tackles Indian market with local maker From spring 1995, Sega will start manufacturing video games consoles in India with local partner Shaw Wallace. Move will circumvent 80 per cent import tariff on games units which currently[...]"
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