Mission Statement, Vision, & Core Values (2025) of Tilaknagar Industries Ltd.

An Overview of Tilaknagar Industries Ltd.

General Summary of Tilaknagar Industries Ltd.

Tilaknagar Industries Ltd. was established in 1933 and has since evolved into a prominent player in the Indian alcoholic beverages sector. The company is primarily known for its premium spirits, including whisky, brandy, and rum. Its flagship product, the “Masala” brand, has gained significant popularity in both domestic and international markets.

As of 2024, Tilaknagar Industries has reported a strong market presence with current sales reaching approximately ₹1,200 crore, showcasing their resilience and competitive edge in a dynamic industry.

Company’s Financial Performance in the Latest Financial Reports

For the fiscal year ended March 2024, Tilaknagar Industries reported record-breaking financial results. The total revenue for the year stood at ₹1,150 crore, reflecting a growth of 20% compared to the previous year. The main revenue driver has been the sale of spirits, which accounted for approximately 85% of the total revenue.

Key financial highlights include:

Additionally, the company saw a significant expansion in its market share, with penetration into new regions and an increase in exports, enhancing its footprint in the global spirits market.

Introduction to Company as a Leader in the Industry

Tilaknagar Industries Ltd. stands as one of the leading companies in the Indian alcoholic beverages industry. With a legacy spanning over nine decades, the firm is known for its innovative product offerings and strategic marketing initiatives. The company focuses on quality and sustainability, ensuring that it meets the evolving preferences of consumers.

Their continuous investment in brand development and distribution networks has positioned them as a formidable competitor in the market. To understand more about how Tilaknagar Industries maintains its leadership status, explore the details below.

Mission Statement of Tilaknagar Industries Ltd.

Mission Statement Overview

The mission statement of Tilaknagar Industries Ltd. serves as a source of direction, setting the framework within which the company operates. It embodies the organization’s commitment to delivering quality products and establishing robust customer relationships while focusing on sustainable growth. This statement is integral to aligning stakeholders with long-term objectives and ensuring that all operational strategies are in sync with the company’s overarching goals.

Core Component 1: Quality

A paramount element of Tilaknagar's mission is the commitment to product quality. The company emphasizes excellence in its manufacturing processes, ensuring that all products meet stringent quality standards. This dedication is reflected in its investment in modern technology and quality control measures.

Tilaknagar Industries reported a production capacity of approximately 12 million cases of alcoholic beverages in the fiscal year 2022-2023. The company has consistently earned accolades for product quality, including the International Quality Award for best practices in 2022.

Core Component 2: Customer Focus

Another critical aspect of the mission statement is a strong customer focus. Tilaknagar aims to create lasting relationships with its customers by offering products that cater to their preferences and demands. The company employs market research to continually adapt to consumer trends and enhance customer satisfaction.

According to the Market Research Future report, the Indian alcoholic beverage market is anticipated to reach a valuation of ₹9,000 billion by 2025, with Tilaknagar poised to capture a substantial share due to its customer-centric approaches. The company has launched several initiatives to bolster customer engagement, including feedback programs that achieved a 90% customer satisfaction rate in 2023.

Core Component 3: Sustainable Growth

Sustainable growth is the third core component of Tilaknagar’s mission statement. The organization prioritizes environmentally friendly practices while expanding its operations. Tilaknagar is committed to minimizing its carbon footprint and investing in renewable energy sources.

For the year ending March 2023, Tilaknagar Industries reported a revenue growth of 15%, reaching ₹4,150 million. The company's sustainability initiatives have included transitioning 30% of its energy consumption to renewable sources, aiming for a 50% reduction in greenhouse gas emissions by 2030.

Vision Statement of Tilaknagar Industries Ltd.

Vision for Sustainable Growth

Tilaknagar Industries Ltd. aims to establish itself as a leader in the Indian spirits industry by focusing on sustainable growth. The company projects a compounded annual growth rate (CAGR) of approximately 15% over the next five years, capitalizing on both domestic and international markets.

Commitment to Quality

A core component of the vision statement is the unwavering commitment to quality. Tilaknagar Industries has invested over ₹100 crore in quality assurance systems across its manufacturing units for the fiscal year 2024. By enhancing production processes, the company aims to achieve a 99% quality compliance rate.

Innovation and Product Development

Innovation is central to Tilaknagar's long-term vision. The company plans to launch 5 new brands and extend its product line with innovative offerings by the end of 2024. R&D expenses are projected at ₹25 crore in the same year, emphasizing the importance of staying competitive.

Expansion into Global Markets

Tilaknagar Industries aims to expand its footprint in international markets. The target is to increase export revenues to ₹150 crore by 2024. Currently, exports account for about 20% of total sales, with ambitions to grow this percentage significantly.

Community and Social Responsibility

The vision also includes a strong focus on corporate social responsibility (CSR). Tilaknagar Industries plans to allocate ₹10 crore annually for community development projects, including education and health initiatives. This commitment aims to enhance the company's reputation and strengthen community ties.

Employee Engagement and Development

Tilaknagar Industries recognizes the role of its workforce in achieving its vision. The company plans to invest ₹5 crore in employee training and development programs in 2024, aiming to enhance skills and improve job satisfaction.

Focus on Environmental Sustainability

Environmental sustainability is also a critical aspect of the vision statement. The company targets a reduction of carbon emissions by 30% by 2025 through various eco-friendly initiatives, including waste management and energy efficiency projects.

Core Values of Tilaknagar Industries Ltd.

Integrity

Integrity is the cornerstone of Tilaknagar Industries Ltd.'s operations. The company believes that ethical practices are fundamental to building trust with stakeholders.

In 2023, Tilaknagar Industries was recognized for its adherence to ethical practices by being included in the ESG India Index, reflecting its commitment to social responsibility.

Examples of integrity in practice include rigorous compliance mechanisms that ensure transparency in financial reporting and a robust whistleblower policy that encourages ethical behavior among employees.

Innovation

Innovation drives Tilaknagar Industries to develop unique products and enhance operational efficiencies. The company invested ₹100 crores in research and development in 2023.

Recently, the launch of a new range of flavored spirits demonstrated their commitment to innovation, contributing to a 25% increase in sales in the spirits segment compared to the previous year.

Additionally, the company has adopted modern production technologies, resulting in 30% reduced production costs.

Quality

Quality assurance is a pivotal value for Tilaknagar Industries Ltd. They maintain rigorous quality control processes that ensure all products meet international standards.

In 2022, the company's flagship product was awarded the Gold Medal at the Spirits International Prestige Awards for quality and taste, solidifying its reputation.

Quality initiatives have led to a 10% reduction in customer complaints over the last year, emphasizing their commitment to product excellence.

Customer Centricity

Tilaknagar Industries places immense value on understanding and meeting customer needs. It launched a customer feedback program that garnered insights from over 20,000 consumers in 2023.

As a result of this initiative, the company introduced a new eco-friendly packaging solution, which has resulted in a 15% increase in positive customer sentiment.

The customer service team has also been expanded, improving response times by 40% in 2023.

Collaboration

Collaboration within teams and with partners is crucial at Tilaknagar Industries. The company encourages cross-departmental projects, enhancing teamwork and innovation.

In 2023, collaborative efforts with local farmers led to a sustainable sourcing initiative, reducing costs by 20% and increasing local community engagement.

Moreover, employee satisfaction surveys indicated a 30% increase in teamwork perception among staff after the implementation of team-building programs.

Sustainability

Sustainability is a core value at Tilaknagar Industries, reflected in their comprehensive environmental strategy. The company aims to reduce its carbon footprint by 50% by 2030.

In 2023, Tilaknagar implemented solar energy systems at their manufacturing facilities, which are expected to save approximately ₹5 crores annually in energy costs.

Additionally, the company’s water conservation program reduced water usage by 30% over the last year, reinforcing its commitment to sustainable practices.