Godfrey Phillips India Ltd Company History

The Company was originally established and developed by Godfrey

Philips Ltd., London, a publicly owned cigarette and tobacco

manufacturer incorporated in U.K. with extensive international

operations. The Company manufacture and sell cigarettes, smoking

tobacco and cigars.

The brands manufactured and marketed by the Company are Black & White

Kingsize Filter, Four Square Kingsize Filter, Four Square Regular

Filter, Cavanders Navy Cut Regular, Red & White, Anand, Leader,

Cavanders Filter and Capital. In addition, the Company manufacturers

and sells Vergin Gold and Philip's Gold Cigarette tobacco.

The Company made an arrangement with International Tobacco Co. who

opened a factory in Northern India to manufacture on the Company's

behalf. Upon the merger of D. Macropolo & Co. Ltd., with the Company,

International Tobacco Co. Ltd., became a subsidiary of the Company.

The Mumbai High Court approved a Scheme of Amalgamation of

International Tobacco Co. Ltd., with the Company.

2,00,000 Bonus Equity shares issued in the prop. 1:2.

Philips Morris International Financial Corporation, a wholly owned

subsidiary of Philip Morris Inc., acquired full ownership of Godfrey

Phillips Ltd. Philips Morris International, one of the five operating

companies of P. M. Inc., manufacturers and markets cigarette products

through affiliates and licensees throughout the world.

The trademarks assigned to the Company by Godfrey Phillips Ltd.,

include "Cavanders", "Abdulla", "De Reszeke", "Brand Master" and "Pay

Master".

The Company also entered into registered user agreement and

trademarks including "Four Square" and "North Pole". These agreements

were with subsidiaries of Godfrey Phillips Ltd., and M.P. Inc.

A Scheme of Amalgamation of D. Macropolo & Co. Ltd., with the Company

was approved by the Mumbai High Court on 30th June, with retrospective

effect from the close of business on 30th June, 1969.

The Scheme of amalgamation of D. Macropolo & Co. Ltd. envisage the

issue of 83,490 No. of equity shares of Rs 10 each of the Company to

the shareholders of D. Macropolo & Co. Ltd., in the proportion of 5

shares of the Company to every share held in D. Macropolo & Co. Ltd.

An application was made to the RBI for their approval for eligible

for allotment of shares for non-resident shareholders in D. Macropolo &

Co. Ltd. Approval was received in 1973.

Godfrey Phillips Ltd., 112, Commercial Street, London, E.I. England

was the holding company till the issue of shares to the public.

In July, 6,83,490 Bonus equity shares issued (prop. 1:1). 9,74,560

No. of equity shares then issued (prem. Rs 4 per share); (i) 1,00,000

shares to UTI; (ii) 1,09,813 Right shares to Indian (prop. 1:2); (iii)

50,000 shares to Indian directors/employees and (iv) 7,14,747 shares to

the public.

During June-July, Philip Morris International Finance Corporation,

U.S.A., and five other non-resident foreign shareholders offered for

sale to the public 2,05,522 No. of equity shares of Rs 10 each of the

Company at par in order to reduce the non-resident holding in the

Company to a level not exceeding 40%.

3,34,506 Rights Equity shares issued at par in prop. 1:7. Only

2,58,156 shares taken up.

The Company entered into an agreement with Philip Morris Inc., to

undertake a complete investigation of the manufacturing plant and

provide know-how and technical assistance.

The Company successfully commenced during the year the sale of

specially blended and branded loose teas from an exclusive franchised

outlet called "Tea City" in Delhi.

The Company also proposed to develop a number of its properties which

are presently being used for residential and storage purposes, into

residential and commercial complexes.

The Company issued 3,50,000-14% secured redeemable non-convertible

debentures of Rs 100 each on rights basis to the then existing resident

equity shareholders in the ratio of one debenture for every five equity

shares held.

As per the terms of the issue, the debentures were to be redeemed in

three annual instalments of Rs 35 each at the end of 7th, 8th and 9th

year from the allotment date with the inclusion of premium of Rs 5 per

debenture in the last instalment.

The Company proposed to take up another project for the development

of commercial complex at New Mumbai.

The Company increased the rate of dividend on preference shares from

6.875% to 14% per annum effective for the financial year ended 31st

March, 1992 onwards.

25,99,696 Bonus equity shares issued (prop. 1:1).

The work on the New Mumbai project had not commenced due to delays in

the development of infrastructural facilities of sewage, water supply,

roads, etc., by CIDCO and also a delay in commencement of the Railway

services between CBD Belapur-Vashi-V.T. etc.

51,99,392 Bonus Equity shares issued (prop. 1:1).

As at 31st March, the Company held 20,000 No. of equity shares of the

subsidiary.

City Leasing and Finance Co. Ltd., Chase Investments Ltd., Manhattan

Credits & Finance Ltd., Kashyap Metal & Allied Industries Ltd., are

also subsidiaries of the Company.

14% Pref. shares redeemed.

The Company launched a new small cigarette forthwith under the brand

name `Commands' in April.

The Company launched a new premium filter cigarette called originals

with an imported charcoal filter for the first time in the country. It

also launched Red & White super 60mm long filter cigarettes.

The Company continued to launch new and innovative brands in the

market. During the year under report, the Company launched a new

premium filter cigarette called ORIGINALS with an imported charcoal

filter for the first time in the country. It also launched RED & WHITE

SUPER 60 MM long filter cigarette.

The Company plans to launch Tea Bags in Oman, and also set up a Tea

Blending and Packaging unit as a Joint Venture operation in Kazakhstan

in the current year.

Our main factory at Andheri, Mumbai is the first complete cigarette

manufacturing plant to have been awarded the ISO 9002 Certificate in

the country.

Godfrey India launched its premium cigarette brand 'Jaisalmer'.

Unveils new brand of imported cigars

Godfrey Phillips India Ltd (GPI), the second largest player in Indian cigarette industry, has launched Maxus brand of cigarettes

Godfrey Phillips join hands with hotels, stores to market high-end cigars

Godfrey Philips rolls out slim cigarettes

Godfrey Phillips India Ltd - Appointment of Company Secretar.

Godfrey Phillips enters pan masala category.

Godfrey Philips moves north with the broader market movement.

Modi to acquire majority stake in GPI.

Godfrey Phillips India Ltd has informed BSE that Credit Rating Information Services of India Ltd (CRISIL) has reaffirmed ratings of the Company with respect to the various Bank Facilities availed by the Company.

Godfrey Philips has Registered Office of the Company has been shifted from its present location at Chakala, Andheri (East), Mumbai, Maharashtra - 400099 to a new location at Macropolo Building, Ground Floor, next to Kala Chowky Post Office, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai - 400 033 Telephone No.:- 022- 61952300 Fax No. :022-61952319.

Board recommended a Dividend of Rs. 40/- per equity share of Rs. 10 each.

The company has appointed Ms. Bina Modi as Additional Director of the company.

Rabale Factory won the Gold Award at the Greentech Safety Awards, 2014

The prestigious FICCI Quality Excellence Gold Award for Manufacturing in the year 2014 was won by Guldhar Factory

Godfrey Philips India has splits its face value from Rs 10/- to 2/-

Rabale Factory has been awarded with the Greentech Environment Gold

Rabale also won the Silver Award at the prestigious IRIM Global Manufacturing Competitiveness

Godfrey Phillips India bags 8th Asia’s Best CSR Practices Award 2018.

Godfrey Phillips India bags CSR Leadership Award 2019.

Godfrey Phillips India bags Apex India CSR Excellence Awards 2020 .

Godfrey Phillips India bags Greentech Foundation CSR Gold Award 2020.