Lalit Khaitan‘s Radico Khaitan

Lalit Khaitan, the chairman of Radico Khaitan, a distillery based in Delhi, India, has joined the ranks of billionaires, according to Forbes.

The company’s revenue of $380 million and successful introduction of new beverages, such as Happiness in a Bottle gin, have helped its shares increase by over 50% this year. Khaitan’s net worth is estimated at $1 billion, mainly due to his 40% stake in the publicly traded company.

Radico Khaitan is one of the oldest and largest manufacturers of Indian Made Foreign Liquor, with a brand portfolio that includes Rampur Whisky, 8PM Whisky, Magic Moments Vodka, Contessa Rum, and Old Admiral Brandy.

The company was founded in 1943 as Rampur Distillery and was acquired by Lalit’s late father, G.N. Khaitan, in the 1970s before being transformed into Radico Khaitan by Lalit in 1995.

The company is currently run by Lalit’s son, Abhishek Khaitan, an industrial engineer. One of Lalit’s earliest successes was the marketing of 8PM Whisky, which sold one million cases in its first year and earned a place in the Limca Book of World Records.

Radico Khaitan’s Chairman Lalit Khaitan Position

  • Chairman, U.P. Committee of PHD Chamber of Commerce and Industry
  • Senior Member, Managing Committee, ASSOCHAM
  • Member, Managing Committee, All India Distillers Association
  • Member, Managing Committee, U.P. Distillers Association
  • Member of the Standing Committee of PHD Chamber
  • Chairman, Northern Region Development Council, ASSOCHAM

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