The manufacturer of the famous rum Old Monk, Mohan Meakin has its unlisted stocks available for purchase on the Minance Private Market.
Mohan Meakin is a large group of companies that started as Asia’s first-ever brewery. It was set up in 1855 by Edward Dyer under the name Dyer Breweries, in the Himalayan Mountains.
Mohan Meakin has a broad product portfolio spread over various categories, which ensures good value for its unlisted stocks. The product range includes Whiskies, Rum, Beer, and other spirits. It has some flagship brands registered under its name which include Old Monk, Golden Eagle, Solan No. 1, OM 10000 Super Beer, Lion Beer and more. These brands are exported to almost 13 countries, including some of the biggest markets for the alcohol industry, U.A.E, USA, Singapore, Germany, Hong Kong, Qatar, etc. A company with such brands in the alcohol industry always bank profits which ensures a higher premium on its unlisted stocks trading.
It is also into the production of processed foods and beverages, mineral water, breakfast cereals, consumer durables, textile fabrics, alcoholic products, etc.
The oldest brewing company in India had a paid-up capital of ₹4.25 crores, during the time of its unlisted shares delisting in 2003. It also recorded a revenue of about ₹27.01 crores in the same year. In the year 2019, MML made a revenue of approximately ₹758.3 crores, only from the sales of Old Monk, which is responsible for about 80% of the sales made. In 2019 itself, net profit for the company stood at ₹33 crores.
Mohan Meakin has seen substantial growth in its net worth as well over the years. From ₹58 crores in 2018 to ₹92 crores in 2019, the company has shown remarkable growth in one year. The 163-year-old brewery has made strategies for returning to the market and got its shares delisted from Delhi and Calcutta exchanges and has filed to make its unlisted shares register on the Metropolitan Stock Exchange.