What we do Warren Tea Ltd transitioned from Assam tea plantation to retail tea marketing and merchant exporting, plus hospitality with new hotel acquisitions in Pushkar and Udaipur. |
Founded in 1,977 |
Market share Historic tea plantation leader; exited estates by 2022-23; now niche tea retail and merchant export player with growing hospitality segment. |
Problem solved Addresses consumer demand for quality tea through retail brands and expands export market reach; hospitality segment taps tourism growth. |
Top clients or who we serve Retail tea consumers in Northern India; B2B merchant export customers in Gulf, CIS; hotel guests in Rajasthan and Udaipur. |
Key management Executive Chairman Mr. Vinay K. Goenka; Executive Directors Mr. Indraneel Banik and Mrs. Soma Chakraborty; Independent Directors include Mrs. Atrayee Ghosal. |
Our journey and innovations Founded in 1977 as tea planter; exited plantations by 2023; diversified into tea retail, merchant exporting; entered hospitality with 2 new hotels in 2023. |
Where we operate Operating primarily in India (Northern regions for tea retail, Rajasthan and Udaipur for hotels); export focus on Gulf, CIS, and Eastern Europe planned. |
Top products or what we offer Retail and merchant export of branded teas; hospitality services via Vesta Avatar Resort Pushkar and Vesta Grand Central Udaipur with rooftop lounge LOFT. |
Top brands Vesta Avatar Resort, Vesta Grand Central, LOFT lounge bar; tea retail brands under development targeting Northern Indian markets. |
Raw materials needed Quality tea leaves sourced from select producers conforming to food safety standards. |
Raw materials supplier Selected Indian tea producers adhering to strict quality and safety guidelines. |
Recurring vs cyclical contribution Revenue from hospitality and retail tea sales expected to be recurring; merchant exporting pending due to geopolitical tensions. |
Our industry position Exited large-scale plantations; repositioned as niche tea retailer and merchant exporter with growing hospitality footprint; adapting to market shifts. |
Financial highlights Reported Total Comprehensive Income approx. INR 1.925 crores for FY2024-25; revenue primarily from financial income and hospitality segment's growth. |
Geographical revenue split Domestic Indian market focused; hospitality revenue Indian-centric; exports planned but currently on hold. |
Order book - |
Whats driving growth Hospitality expansion, new hotel launches, growing consumer interest in tea retail, building brand visibility, and preparing for export market entry. |
Our future plans Grow retail tea marketing channels; commence merchant exports when geopolitical situation permits; expand hospitality portfolio further. |
Our green promise - |
Our people and values Committed to employee well-being, gender equality, and harmonious industrial relations; zero complaints of workplace harassment reported. |
Key challenges ahead Geopolitical conflicts impacting merchant export plans; establishing retail brand visibility; logistics and regulatory compliance in new business areas. |
Interesting facts Exited tea estates after 45+ years; launched rooftop lounge bar enhancing hospitality appeal; delisted from Calcutta Stock Exchange maintaining national listing. |
Risks and strategy Mitigation includes diversifying into hospitality and retail segments, robust compliance, building logistics for exports, and evaluating geopolitical risks. |
