Godfrey Phillips India Ltd buy

Background


Godfrey Phillips is today the second largest player in the Indian cigarette industry with an annual turnover of over US$ 265 million. Incorporated in India in 1936, the Company established its own manufacturing facilities in 1944. Today, the operations span the entire northern and western part of the country, with two manufacturing facilities located in Ghaziabad (near Delhi) and in Andheri (Mumbai), a state of the art R&D centre in Mumbai and a tobacco-buying unit in Guntur (Andhra Pradesh). Headquartered in Delhi, the Company has its sales offices across the country at Ahmedabad, Mumbai, Delhi, Chandigarh and Hyderabad.
The R&D facility is recognized by the Department of Science & Technology, Government of India, and is one of a kind in India.
Godfrey Phillips has for the last 10 years used the Haichi-Ban, 5S, Kaizen Teian (a continuous improvement programme) & TQM (Total Quality Management) procedures.
Godfrey Phillips has two major stakeholders, one of India's leading industrial houses - the K.K. Modi Group and one of the World's largest tobacco companies, Philip Morris, USA. Godfrey Phillips has the strong backing of over 15,000 shareholders in the Country.


History

From its modest beginning in London way back in 1844, Godfrey Phillips, a major player in the Indian tobacco industry today, has come a long way.
Mr. Godfrey Phillips, founder of Godfrey Phillips & Sons commenced business in the Barbican (London), as a Cigar manufacturer in 1844. Messrs Godfrey Phillips, D.H. Wilmer and H.C. Water incorporated Godfrey Phillips India as a Private Ltd. Co. on 3rd December 1936. The Company imported cigarettes from Godfrey Phillips Ltd. U.K. In 1944, after the war, Godfrey Phillips bought Master Tobacco Co., Chakala, Andheri (Mumbai) thereby establishing its first factory in the Country. In October 1946, Godfrey Phillips became a Public Ltd. Co. with its manufacturing operations in Mumbai.Godfrey Phillips was then primarily a manufacturing company and made cigarette brands like Cavanders, Abdulla No. 7, Dereske, Marcovich, Red & White. In 1951/52 Godfrey Phillips UK bought out George Dobie & Son's, famous Four Square brand. In 1967, D. Macropolo & Co., which was the sole selling agent for Godfrey Phillips, opened a subsidiary company called "International Tobacco Co.", with its manufacturing facility in Ghaziabad (near Delhi) to manufacture cigarettes for Godfrey Phillips.In 1967-68, Philip Morris acquired substantial holding in Godfrey Phillips Ltd., U.K. and Godfrey Phillips Investment Corporation which was holding substantial shares of Godfrey Phillips India Ltd. It also acquired large share holding interest in George Dobie & Sons. Thus in 1968, Godfrey Phillips Ltd., U.K., George Dobie & Sons, and Godfrey Phillips became affiliates of Philip Morris.In 1973 Godfrey Phillips, successfully launched Four Square Kings, India's first King Size filter cigarette.
In 1979, Philip Morris joined hands with the K.K. Modi Group and in the following year the Modi Enterprises took over the management of Godfrey Phillips with a substantial financial stake.
Key Brands The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.


Key Brands

The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.


it has huge cash reserves i am expecting open offer at 2500 rs.