Northern Spirits Ltd. – Company Report
1. Company Overview
Northern Spirits Ltd. (NSL), incorporated in 2012 and headquartered in Kolkata, West Bengal, is one of India’s leading importers and distributors of premium alcoholic beverages. The company operates across North, East, and North East India, serving as a bridge between global liquor brands and Indian consumers. With over 45 years of promoter experience—including prior ventures such as Unity Traders and United Wines—NSL has built a strong reputation for efficiency, strategic market reach, and deep industry relationships. NSL became a publicly listed company in 2018 and is the only alcohol beverage distribution company publicly traded in India. It is helmed by a seasoned leadership team including Chairman Anuj Bakshi and Managing Director Ankush Bakshi, with a specialized distribution workforce entrenched since inception. As of July 2025, the market capitalization is in the microcap range.
- Incorporated: 2012 (as Pvt. Ltd; Public Ltd since 2018)
- Headquarters: Kolkata, West Bengal, India
- Employees: Not publicly disclosed (field and corporate teams deployed pan-India)
- Key Leadership: Anuj Bakshi (Chairman), Ankush Bakshi (Managing Director)
- Listed: BSE SME
- Certifications: Compliant with all key beverage and distribution regulations
2. Products and Services
Northern Spirits Ltd. specializes in importing, marketing, and distributing a broad portfolio of international alcohol brands for the Indian market:
Spirits: Wide range including whisky, vodka, gin, tequila, rum, and liqueurs
- Core brands: Glenfiddich, Grants, Monkey Shoulder, Hendrick's Gin (William Grant & Sons), Grey Goose, Bombay Sapphire, Dewar’s, Martini (Bacardi Global), West Cork Irish Whiskey, Organika Vodka, Amigos Beer
Wines & Beers: Carlo Rossi California Wines, Tomich Wines (Australia), Reddot Wheat Beer, Shepherd Neame Beer, Coopers Australian Beer
Specialty & Boutique Labels: Imported and niche brands in premium spirits and wines
Retail and Institutional Distribution: High-end hotels, restaurants, CSDs, airport outlets, duty-free stores, and retail chains
Retail Format: Launched its first outlet, “The Liquor Exchange,” at Garden Galleria Mall, Noida in 2023
Geographic Reach: Strong presence across North, East, and North East India—especially in Bengal, Delhi, Uttar Pradesh, Punjab, Haryana, Nagaland, and institutional/government channels
NSL is known for its expertise in navigating regulatory environments, efficient supply chain management, and multi-format distribution—making it a crucial partner for both global brands and large-scale Indian buyer networks.
3. Recent News and Business Developments
- In FY2025, NSL reaffirmed its position as a top alcohol distributor in India but faced margin and operational pressures in the latter half of the year.
- Continued expansion of “The Liquor Exchange” retail format, reinforcing consumer-facing ambitions.
- Ongoing launches of exclusive global brands and enhanced supplier partnerships helped maintain reliable supply chains amid rising competition.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹1,942.61 crore |
| Net Profit | ₹22.97 crore |
| Operating Profit | ₹46.85 crore |
| Net Profit Margin | 1.2% |
| Earnings Per Share | ₹14.3 |
| Debt | Low; mainly working capital-based |
| Dividend | No dividend declared |