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)
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

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

Mr. Vazir Sultan's father's name was Syed Maqdoom

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.

Names of all sons:

1. Mohammad Sultan

2. Mehmood Sultan

4. Sultan Abdul Majeed

5. Sultan Ali

6. Sultan Qutubuddin

7. Saleem Sultan

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 Charms, Charminar, Gold, Moments 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.

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. ↑ http://www.vsthyd.com/aboutus.html
  11. ↑ http://www.vsthyd.com/aboutus.html
  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
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