- Business
- Golden Tobacco Limited engages in the manufacturing, purchasing, processing, selling, and marketing of tobacco and tobacco-related products primarily in India. The company offers a range of cigarettes including full flavor, plain, filter, slim, and super slim variants under brands such as Panama, Taj, Golden's Goldflake, Chancellor, Flair, Esquire, Style, Newdeal, Gaylord, Diamond Goldflake, and Gnat; cigars and cigarillos; packed-type cigarettes; and processed tobacco. It also trades in filter rods, cigarette paper, and paper boards, with manufacturing facilities in Vadodara, Gujarat, and a tobacco processing unit in Guntur, Andhra Pradesh, alongside real estate development activities from its former Mumbai site.
Founded in 1930 by Narsee Monjee as a proprietary firm in Mumbai and incorporated as a public company in 1955, Golden Tobacco Limited is headquartered in Vadodara, Gujarat, and was taken over by the Dalmia Group in 1979. The company exports products to the United States, Europe, Russia, Singapore, Cambodia, Japan, the Middle East, and other international markets, targeting consumer segments in the cigarettes, cigars, and tobacco substitutes categories.
In recent developments, the company undergoes Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, with the National Company Law Appellate Tribunal (NCLAT) extending the timeline until October 17, 2025, setting aside prior NCLT directions for forensic audit, and directing claim resolutions for financial creditors including Central Bank of India. Committee of Creditors (CoC) meetings continue, approving extensions and expressions of interest as recently as 2024-2025, reflecting ongoing operational and restructuring challenges amid no reported new product launches, acquisitions, or partnerships within the last one to two years.