Bengal Tea & Fabrics Ltd is fundamentally a tea company - it grows, harvests and manufactures black tea on its own estates in Assam, and that is now its entire operating identity. The business was incorporated in 1983 and spent decades as a diversified entity running a textile mill in Ahmedabad and selling real estate in Gujarat, but it systematically closed and sold those divisions, completing the sale of its mill land in November 2024 to become a focused, single-engine tea producer. Its recurring approach is to own and operate quality-certified estates while adapting its production mix to market demand - most recently by building orthodox tea capacity to capture export orders. # Business segments A single business built on owned tea estates in Assam, now expanding from bulk B2B sales into branded consumer packets - one engine, two routes to market. ## 1. Tea: the estate-to-cup engine **The company owns tea estates in Assam, makes black tea from its own green leaves, and sells it in bulk to domestic and export buyers - a vertically integrated plantation business now adding a branded consumer product.** - **Owns the bush, not just the factory** - the company operates the Ananda Group of Tea Estates in Assam, where it grows green leaves on mature tea bushes (bearer plants) with an estimated useful life of 80 years, so it controls quality from the field rather than buying leaf from third parties. - **Produces black tea at scale** - in FY26 the estates produced 17.75 lakh kilograms of black tea and sold 17.97 lakh kilograms, with an average sales realisation of Rs. 279 per kilogram. - **Shifting capacity toward orthodox tea** - the company has installed new rolling tables, colour sorters, dryers and other equipment to augment its orthodox production facility, responding to robust export demand for that style of tea. - **Launched a branded packet tea** - in March 2025 the company introduced '1950 Origins', a packet tea in the food and beverage category for the domestic market, marking a move beyond bulk B2B sales toward a consumer-facing brand. - **Quality certifications as a market credential** - the Ananda Tea Estate holds ISO 9001:2015, ISO 22000:2018, HACCP and Trustea sustainable-tea certifications, which help it sell into quality-conscious domestic and export channels. # Group structure and partners **The company is a tightly held promoter vehicle with no subsidiaries or joint ventures, though it has just announced both an acquisition and a plan to incorporate a subsidiary in a new field.** - **Controlled by a promoter holding company** - Rydak Enterprises & Investment Limited, an NBFC, holds 56.19% of the equity, and promoters in aggregate hold 74.89%. - **No group companies today** - the company has no subsidiaries, joint ventures or associate companies and does not prepare consolidated financial statements. - **An acquisition in the works** - on 22 April 2026 the board approved a memorandum of understanding to acquire Nya Goga Tea Estate in Assam from Mcleod Russell India Limited for approximately Rs. 45 crore in cash, with completion targeted by mid-May 2026, subject to regulatory approvals. - **A new subsidiary planned** - in November 2024 the board resolved to invest in a proposed subsidiary that will operate in the food laboratory testing domain, a departure from its core tea business.