VST Industries Ltd
TypePublic
ISININE710A01016[1]
IndustryConglomerate
Founded10 November 1930 (as Vazir Sultan Tobacco Company Limited)
FounderVazir Sultan
HeadquartersAzamabad, Hyderabad, Telangana, India.[2]
Key people
Naresh Kumar Sethi - Non Executive Dir - Chairman

Rama Bijapurkar - Independent Non Executive Dir Sudip Bandyopadhyay - Independent Non Executive Dir Rajiv Gulati - Independent Non Executive Dir S. Thirumalai - Non-Executive Dir

Aditya Deb Gooptu - Managing Director
ProductsTobacco
RevenueIncrease US$117 million [3]
Number of employees
784
Websitewww.vsthyd.com

VST Industries Ltd. is a public conglomerate company headquartered in Hyderabad, India. The company manufactures and distributes cigarettes. Its Market Capitalization is 5604 Cr as on end june, 2021, PE Value: 17.94 and Dividend Yield: 3%.[4] The company has its registered office in Hyderabad. It started off as the formerly Vazir Sultan Tobacco Company, commonly known as VST and is an associate undertaking of British American Tobacco group of the United Kingdom,[5][6] It is fully independent and registered as VST Industries Ltd in the year 1983[7][8] British American Tobacco (BAT), through its subsidiaries The Raleigh Investment Company Limited, Tobacco Manufacturers (India) Limited and Rothmans International Enterprises Ltd, hold 23.45, 8.28 & 0.43% shares totaling to 32.16%.

History

Vazir Sultan Tobacco was started by the late Mr. Vazir Sultan in 1916, present Vithalwadi, Hyderabad. VST went public in 1930. He died on 12 June 1923.

He was survived by 7 sons and 3 daughters. Eldest son Mr. Mohammad Sultan was the 1st chairman of VST Industries.

Brands

The company also operates under the names of Total, Charms, Charminar, Editions , Special, and Moments. Its headquarters are located in Hyderabad, India. It is the second largest cigarette manufacturing company in India.[9][10] The company declared a dividend of 450% in 2011 making it one of the highest dividend yielding stocks in the Bombay Stock Exchange. The seventh and last Nizam of Hyderabad, Osman Ali Khan, Asaf Jah VII, used to smoke Charminar cigarettes, which were specially rolled for him in roasted tobacco.[11]

VST contributes to the society, supports setting up of a city police hospital, 2021[12] [13] [14]

References

  1. ↑ "VST Industries > Company History > Cigarettes > Company History of VST Industries - BSE: 509966, NSE: VSTIND". www.moneycontrol.com.
  2. ↑ "The Vazir Sultan Tobacco Company Limited (Ijb63a99)". Archived from the original on 28 July 2014. Retrieved 28 May 2011.
  3. ↑ "Financial results" (PDF). www.vsthyd.com. 2011. Retrieved 20 April 2021.
  4. ↑ "Business News, Market Updates, Economy, Finance, Stock, BSE, NSE, Nifty – NDTV Profit". www.ndtv.com. Retrieved 9 January 2020.
  5. ↑ "Answers - The Most Trusted Place for Answering Life's Questions". Answers.com. Retrieved 9 January 2020.
  6. ↑ Strategist (25 March 2008). "remorph - be the change: Cover Story - Tobacco Industry Analysis". remorph - be the change. Retrieved 9 January 2020.
  7. ↑ "VST Industries > Company History > Cigarettes > Company History of VST Industries - BSE: 509966, NSE: VSTIND". www.moneycontrol.com. Retrieved 9 January 2020.
  8. ↑ "VST Industries LTD. - Terms of Use". Archived from the original on 17 February 2015. Retrieved 25 February 2015.
  9. ↑ "Business; Cigarettes:Going up in Smoke". Archived from the original on 24 September 2015. Retrieved 28 May 2011.
  10. ↑ "India: Tobacco - Market Research Reports - Research and Markets". Archived from the original on 23 March 2012. Retrieved 28 May 2011.
  11. ↑ Y.Lasania, Yunus. "'The last Nizam of Hyderabad was not a miser'". The Hindu. Retrieved 26 February 2017.
  12. ↑ "City Police Hospital inaugurated in Amberpet". 9 July 2021.
  13. ↑ "Hyderabad: 10-bed police hospital comes up at Amberpet". 10 July 2021.
  14. ↑ "Ten-bedded police hospital inaugurated in Hyderabad".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.