New Delhi: The country’s giant company Tata (TATA) is doing its business in almost every sector. Then there is salt used in the kitchen or tea. But now Tata Group will soon deal with a company that sells bottled water and will also sell water. Tata Group will soon sell bottled water as well. According to a report, Tata Group is going to acquire the country’s famous bottled water seller Bisleri. Tata Group under its subsidiary Tata Consumer Products Limited (TCPL) has given Bisleri International Rs. 6,000-7,000 crore will be acquired. Under this deal, the current management of Bisleri will look after the operations of the company for two years.
- The company has a 60 percent stake in the bottled water business
- Bisleri has more than 122 operational plants
- Tata will sell water after salt and tea
60% market share in bottled water
According to Bisleri’s website, the company owns 60 percent of the bottled water business. Currently, Bisleri has more than 122 operational plants. Also, it has a distributor network of over 4,500 with 5,000 trucks for distribution in India. Apart from mineral water, Bisleri International also sells premium Himalayan spring water. Let us tell you that the market of bottled water in the country is more than 20,000 crore rupees. After the deal with Tata, the Tata group will be in the entry-level, mid-segment and premium packaged water categories. Tata Consumer will easily find a huge market.
Started with a pharmaceutical company
Bisleri, the company that sells bottled water today, started as a pharmaceutical company that sold malaria drugs. Its founder was Italian businessman Felice Bisleri. After his death, his family doctor Rossi took over the responsibility of taking Bisleri forward. India Dr. Rossi started Bisleri with lawyer Khushru Santaku. In 1969, just 4 years after the Bisleri water plant was commissioned, Ramesh Chauhan bought Bisleri for just 4 lakh rupees. Since then the company is owned by Ramesh Chauhan. Ramesh Chauhan has turned 82 years old. His daughter Jayanthi is not interested in this business. That is why they now want to sell this business.