VST Industries

VST Industries Ltd
Public (BSE: 509966, NSE: VSTIND, ISIN: INE710A01016) [1]
Industry Conglomerate
Founded 10 November 1930 (as Vazir Sultan Tobacco Company Limited)
Founder Vazir Sultan
Headquarters Azamabad, Hyderabad, Telangana, India.[2]
Key people
 Abhijit Bas, Chairman
Raymond S. Noronh, Managing Director
N. Sai Sankar, Deputy Managing Director and Secretary[3]
Products Tobacco
Revenue Increase US$117 million [4]
Number of employees
 1,117 [5]
Website www.vsthyd.com

VST Industries Ltd. is a public conglomerate company headquartered in Hyderabad, India. The company manufactures and distributes cigarettes. Its Market Capitalization is 844.49, PE Value: 15.70 and Dividend: 5.49.[6] The company has its registered office in Hyderabad. It started off as the formerly Vazir Sultan Tobacco Company, commonly known as VST and shares collaboration with British American Tobacco group of the United Kingdom,[7][8] It is fully independent and registered as VST Industries Ltd in the year 1983[9][10]

History

Vazir Sultan Tobacco was started by the late Mr. Vazir Sultan in 1916, present Vithalwadi, Hyderabad. VST went public in 1930. He died on 12 June 1923.

He was survived by 7 sons and 3 daughters.Eldest son Mr. Mohammad Sultan was the 1st chairman of VST Industries.

During the rule of Mir Osman Ali Khan in Hyderabad State the Vazir Sultan Tobacco Company Limited was incorporated on 10 November 1930, under the Hyderabad Companies Act No.IV of 1320 Fasli and now governed under the Indian Companies Act 1956. The name of the Company was subsequently changed to VST Industries Limited on 30 April 1983. The VST has its registered office at Azamabad, Hyderabad, India.[11][12]

Brands

Vazir Sultan Tobacco Company is more commonly known as VST. The company manufactures and distributes cigarettes under the brands names of Total, Charms, Charminar, Gold, Moments, Zaffran etc. The company is headquartered in Hyderabad, India. It is 3rd largest cigarette manufacturing company in India.[13][14] The company declared a dividend of 450% in 2011 making it one of the highest dividend yielding stocks in the Bombay Stock Exchange. The seventh and last Nizam of Hyderabad, Osman Ali Khan, Asaf Jah VII, used to smoke Charminar cigarettes, which were specially rolled for him in roasted tobacco.[15]

References

  1. ↑ http://www.moneycontrol.com/company-facts/vstindustries/history/VST
  2. ↑ http://legacy.library.ucsf.edu/tid/ijb63a99/pdf;jsessionid=71F6800F83ABA82433449C60E4310131.tobacco03
  3. ↑ http://www.vsthyd.com/i/VST%20AR%202010_Report%20on%20Corporate%20Governance.pdf
  4. ↑ http://www.vsthyd.com/i/Financial%20Results%20for%20the%20year%20Ended%2031st%20March,%202011.pdf
  5. ↑ http://www.cigarettespedia.com/index.php/ManufacturerVST_Industries_Ltd.
  6. ↑ http://profit.ndtv.com/company/overview/vst-industries-ltd?cp
  7. ↑ http://www.answers.com/topic/british-american-tobacco-adr
  8. ↑ http://remorph.blogspot.com/2008/03/cover-story-tobacco-industry-analysis.html
  9. ↑ http://www.moneycontrol.com/company-facts/vstindustries/history/VST
  10. ↑ "Archived copy". Archived from the original on 17 February 2015. Retrieved 25 February 2015.
  11. ↑ "Archived copy". Archived from the original on 17 February 2015. Retrieved 25 February 2015.
  12. ↑ http://www.moneycontrol.com/company-facts/vstindustries/history/VST
  13. ↑ http://www.india-today.com/itoday/19991206/business.html
  14. ↑ http://www.researchandmarkets.com/reports/586455/india_tobacco
  15. ↑ Y.Lasania, Yunus. "'The last Nizam of Hyderabad was not a miser'". The Hindu. Retrieved 2017-02-26.
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