One man’s journey stands out in the entrepreneurial lndscape – Lalit Khaitan, the 80-year-old chairman of Delhi-based Radico Khaitan. With a revenue of $380 million, Radico Khaitan has emerged as a key player in the dynamic liquor market, propelling Lalit Khaitan into India’s billionaire club in 2023. Established in 1943 as Rampur Distillery, Radico Khaitan has a rich history as one of the oldest and largest manufacturers of Indian Made Foreign Liquor in India. Under the visionary leadership of Lalit Khaitan, Radico Khaitan has seen unprecedented growth, with its publicly traded shares surging over 50% this year.
Lalit Khaitan, a Kolkata-born entrepreneur, inherited Radico Khaitan Limited, transforming it from a modest liquor business to a leading player in the IMFL industry. As chairman and managing director, Lalit Khaitan focuses on strategic direction, quality enhancement, and customer satisfaction, driving the company’s success. His son, Abhishek Khaitan, an industrial engineer, now oversees the company, which boasts a diverse brand portfolio including Rampur Whisky, 8PM Whisky, Magic Moments Vodka, Contessa Rum, and Old Admiral Brandy. Lalit Khaitan’s story is a testament to the power of vision, perseverance, and innovation in the world of business. His legacy continues to inspire entrepreneurs and business leaders around the globe.
Radico Khaitan, a prominent distillery based in Delhi, has propelled its 80-year-old chairman, Lalit Khaitan, into India’s billionaire ranks. With a revenue of $380 million, Radico Khaitan has emerged as a key player in the liquor market, as reported by Forbes.
The company’s publicly traded shares surged over 50% this year, driven by increased sales and the successful launch of new beverages like Happiness in a Bottle gin. This growth has elevated Lalit Khaitan’s net worth to $1 billion, primarily attributed to his 40% stake in the company.
Established in 1943 as Rampur Distillery, Radico Khaitan has evolved into one of the oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL) in India. Lalit Khaitan, following his father’s acquisition of the former Rampur Distillery and Chemical Company in the 1970s, transformed the business into Radico Khaitan in 1995.
Currently overseen by his son, Abhishek Khaitan, an industrial engineer, Radico Khaitan boasts a diverse brand portfolio including Rampur Whisky, 8PM Whisky, Magic Moments Vodka, Contessa Rum, and Old Admiral Brandy.
Lalit Khaitan, a Kolkata-born entrepreneur educated at Mayo College and St. Xavier’s College, has steered Radico Khaitan’s growth from a modest liquor business to a leading player in the IMFL industry. As chairman and managing director, he focuses on strategic direction, quality enhancement, and customer satisfaction.
Under Lalit Khaitan’s leadership, Radico Khaitan has witnessed substantial revenue growth and market share expansion. His notable contributions to the industry have been acknowledged with prestigious awards, including the ‘Lifetime Achievement Award’ from UP Distillers Association in December 2017.
