Sikkim Distilleries Ltd
Sikkim - the Hidden Valley of Rice, the land of peace, happiness and contentment, snuggly perched in the lap of the mighty Himalayas. This land, of pristine glory, covered by virgin forests and gurgling streams, fed by pure melted snow, of the lofty Himalayan peaks, is witness to the remarkable enterprise of a small unit (a unit that was totally destroyed by a landslide in the very first year of its operations) clustered among the hills, in a business dominated by large groups.
In this tranquil, but at times geologically treacherous, surroundings is located, Sikkim Distilleries Limited, a 48-year-old company established by the order of the Chogyal, the then ruler of the erstwhile kingdom of Sikkim. The distillery, situated in the North Eastern corner of India, is known worldwide for the fine quality of liquors produced and marketed under the brand name of SIKKIM LIQUORS.
Established in 1954, as a Joint Stock Company, with an initial capital of only Rupees four hundred thousand, the Company, in the year 2001, is worth Rupees three hundred sixty million plus. The turnover of the company has also increased steadily from approximately Rs. 1.3 million in 1963 to Rs. 220 million in 2002. The profits earned are commensurate with the sales and this has enabled the management to reward the shareholders with handsome dividends and bonuses over the years. The credit for this remarkable achievement goes squarely to the astute management who, not with standing the socio-geo-political climate prevalent in this region, has through sheer determination and perseverance, maintained a steady growth.
The Government of Sikkim, the largest single shareholder of the Company, with a shareholding in excess of 48%, is benefited not only through the dividends and bonuses it has received over a period of time but also through the revenue that the Company has generated and contributed to the exchequer by way of direct and indirect taxes.
The working and the policies are governed and decided by the Board of Directors, comprising of nominees representing the Government of Sikkim and the founder entrepreneur's family, through a full time Managing Director.
A well-cared for, happy and efficient workforce led by a very energetic and dynamic management team is the key behind the success of this distillery. A team of two hundred and sixty plus sincere workers complimented by a team of twenty-four odd committed management staff ensures that the distillery is run efficiently. The staff can avail of free electricity, water, housing, limitless medical care to the entire family, scholarships for the education of the children and more and all this is unpretentiously showered by the Company. The cumulative result of this is a very cordial, harmonious and cohesive labour management relationship.
The proof of the quality of liquors finally rests with its acceptance by the consumer, but what goes into making a fine liquor - is the dedication and perspiration of the workers, inspired by the high quality of the management, blended together with the excellent quality of raw materials that are then matured for a number of years in wooden vats and barrels.