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{{EngvarB|date=March 2014}}
{{Use dmy dates|date=June 2021}}
{{Infobox company
| name = Pincon Spirit Limited
| trading_name = 
| logo =
| logo_size = 180px
| type = [[Public company|Public]]<ref>{{cite web|title=Pincon Spirit Limited|url=https://www.zaubacorp.com/company/PINCON-SPIRIT-LIMITED/L67120WB1978PLC031561|website=14 June 2017}}</ref>
| traded_as = {{BSE was|538771}}<br />{{NSE was|PINCON}}
| predecessor =
| successor =
| founder =
| area_served = [[West Bengal|Bengal]], [[Karnataka]] and [[Sikkim]]
| key_people = Monoranjan Roy & Sarmistha Chatterjee (L.I. Partner)<ref name=moneylife/>
| industry = Alcoholic beverages
| products =
| production =
| services =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner =
| num_employees =
| parent = PSL Group
| divisions =
| subsid =
| footnotes =
| caption =
| founded = {{Start date and age|df=yes|1978|07|29}} in [[Calcutta]], West Bengal, [[India]]
| location_city = [[Kolkata]], West Bengal
| location_country = India
| locations = 
| homepage = {{URL|pinconspirit.in}}
| bodystyle =
}}

'''Pincon Spirit Limited''' ('''PSL'''),<ref>{{cite web|title=Pincon Spirit Ltd (PINS.NS) Company profile|url=https://www.reuters.com/finance/stocks/companyProfile?symbol=PINS.NS|publisher=[[Reuters]]|access-date=14 June 2017}}</ref> formerly '''Sarang Viniyog Ltd.''',<ref name="economictimes">{{cite web|title=Company History - Pincon Spirit Ltd.|url=http://economictimes.indiatimes.com/pincon-spirit-ltd/infocompanyhistory/companyid-19283.cms|work=[[The Economic Times]]|access-date=14 June 2017}}</ref> incorporated in 1978, is an Indian company that manufactures [[industrial alcohol]], [[Indian-made foreign liquor]] (IMFL), country liquor and [[desi daru]]s.<ref>{{cite news|title=Kolkata-based Pincon Spirits to invest Rs 400 crore in 2 years|url=http://economictimes.indiatimes.com/industry/cons-products/liquor/kolkata-based-pincon-spirits-to-invest-rs-400-crore-in-2-years/articleshow/47043704.cms|access-date=12 June 2017|work=[[The Economic Times]]|date=24 April 2015}}</ref> Monoranjan Roy serves as the chairman and managing director of the company.<ref>{{cite news|title=Pincon to raise $30 million through FCCBs|url=http://www.thehindubusinessline.com/news/national/pincon-to-rise-30-million-thru-fccbs/article9471602.ece|date=10 January 2017|access-date=14 June 2017|work=[[Business Line]]}}</ref> It is listed with the [[Bombay Stock Exchange]] (BSE),<ref name="stock exchange">{{cite news|title=Pincon Spirit lists on Bombay Stock Exchange|url=http://economictimes.indiatimes.com/markets/stocks/news/pincon-spirit-lists-on-bombay-stock-exchange/articleshow/45151814.cms|access-date=12 June 2017|work=The Economic Times|date=14 November 2014}}</ref><ref>{{cite web|title=Pincon Spirit Ltd|url=http://www.bseindia.com/stock-share-price/pincon-spirit-ltd/pincon/538771/|publisher=Bombay Stock Exchange|access-date=12 June 2017}}</ref><ref>{{cite news|title=Pincon Spirits gets BSE listing|url=http://www.thehindu.com/business/Industry/pincon-spirits-gets-bse-listing/article6600026.ece|access-date=12 June 2017|work=The Hindu|date=14 November 2014}}</ref> the [[National Stock Exchange of India|National Stock Exchange]] (NSE)<ref>{{cite web|title=Pincon Spirit Ltd(NSE:PINCON)|url=https://www.google.com/finance/?cid=280538538689192|website=Google Finance}}</ref><ref>{{cite web|title=Pincon Spirit Stock Price, Share Price|url=http://www.moneycontrol.com/india/stockpricequote/breweries-distilleries/pinconspirit/PS18}}</ref> and the [[Securities and Exchange Board of India]].<ref>{{cite web|title=PINCON SPIRIT LIMITED - Sebi|url=http://www.sebi.gov.in/sebi_data/commondocs/pincon-corrigenpa_p.pdf|website=Securities and Exchange Board of India|access-date=14 June 2017}}</ref>

==History==
Pincon Spirit Limited was incorporated in 1978 as Sarang Viniyog Limited in [[Calcutta]], [[West Bengal]]. In that year, the company was listed with [[Calcutta Stock Exchange]] issuing 99,300 equity shares. In 2004, Jevan Equipments & Spares and Plant Dealers Limited were acquired and merged with the company.<ref>{{cite news|title=Pincon Sprit Ltd - Company History|url=http://www.business-standard.com/company/pincon-spirit-26339/information/company-history|work=[[Business Standard]]}}</ref> In the 2000s, the company continued acquiring shares of Paul Distributors Private Limited, Priya Laboratories Limited and Yours Laboratories Pvt Ltd. and formed PSL Group comprising the subsidiaries. In 2009 the company entered into an agreement with National Industrial Corporation for the manufacturing of [[IMFL]] under the brand name Pincon XXX Rum and Pincon No. 1 Whisky.<ref>{{cite news|title=Pincon Spirit plans to tap liquor market in WB|url=http://www.mydigitalfc.com/news/pincon-spirit-plans-tap-liquor-market-wb-656|access-date=14 June 2017|date=26 November 2014}}</ref> It had a turnover of Rs. 50 crores in 2010.<ref>{{cite web|title=Information memorandum of Pincon Spirit Ltd|url=http://www.bseindia.com/downloads/ipo/2014111215444IM_Pincon_Spirit_Ltd.pdf|website=[[Bombay Stock Exchange]]|access-date=14 June 2017}}</ref> In August 2011, the company was changed to Pincon Spirit Limited. In that year, the company launched two new products, King's Coin Whisky and Pincon King's Coin Vodka.<ref name="economictimes"/> In 2012 the company launched two more products, Ruby Gold XO Brandy and Royal Pride Whisky.<ref name="economictimes"/> In 2013, the company crossed a turnover of Rs. 300 crores<ref name="economictimes"/> and its brand was registered with [[Odisha State Beverage Corporation]], the government of [[Uttarakhand]] and [[Jharkhand]] state.<ref>{{cite news|title=Pincon Spirit approves 1:1 bonus share issue|url=http://economictimes.indiatimes.com/markets/stocks/news/pincon-spirit-approves-11-bonus-share-issue/articleshow/48702456.cms|access-date=14 June 2017|work=The Economic Times|date=17 August 2015}}</ref> During the year, it launched a whisky under a new brand name, Highland Blue Whisky, and acquired sole distributorship right of Fashion Vodka, a premier brand of vodka in West Bengal. In 2014, it started manufacturing the country liquor called Pincon Bangla No. 1, after the acquisition of the country spirit plant of Nation Industrial Corporation Limited.<ref>{{cite web|title=Pincon Spirit Ltd. Company History and Annual Growth|url=http://www.goodreturns.in/company/pincon-spirit/history.html|access-date=14 June 2017}}</ref> The company also launched Pincon Ultra Force XXX Jamaican Rum and Ruby Gold Orange Flavour Gin in 2015.<ref name="economictimes"/><ref>{{cite news|title=Tollywood actress Raima Sen unveils Ultra Force Premium XXX Jamaican Rum and Ruby Gold Orange Gin|url=http://sholoanabangaliana.in/blog/2015/05/04/tollywood-actress-raima-sen-unveils-ultra-force-premium-xxx-jamaican-rum-and-ruby-gold-orange-gin/|access-date=14 June 2017|date=4 May 2015}}</ref> In 2016, the company acquired Bacchus Enterprises Limited which is engaged in the business of Indian-made Indian liquor (IMIL) and Indian-made foreign liquor (IMFL) in [[Ludhiana]].<ref>{{cite news|title=Pincon Spirit signs MoU for taking over Bacchus Enterprises|url=http://www.business-standard.com/article/news-cm/pincon-spirit-signs-mou-for-taking-over-bacchus-enterprises-116093000351_1.html|access-date=14 June 2017|work=Business Standard|date=30 September 2016}}</ref><ref>{{cite news|title=Pincon Spirit signs pact to acquire Bacchus Enterprises|url=http://www.indiainfoline.com/article/news-top-story/pincon-spirit-signs-pact-to-acquire-bacchus-enterprises-pincon-spirit-116093000419_1.html|access-date=14 June 2017|work=[[India Infoline]]|date=30 September 2016}}</ref> In May 2017, the company charted out a capex of Rs. 300 ($30 million) through the issuance of foreign currency convertible bonds in [[London Stock Exchange]].<ref>{{cite news|title=Pincon Spirits to raise up to $30 million via FCCBs|url=http://www.livemint.com/Money/jGzOg0ksVwnizy9DHWvHCM/Pincon-Spirits-to-raise-up-to-30-million-via-FCCBs.html|access-date=14 June 2017|work=[[Mint (newspaper)|Mint]]|date=7 January 2017}}</ref><ref>{{cite news|title=Pincon charts Rs. 300 cr capex|url=http://www.thehindubusinessline.com/companies/pincon-charts-rs-300-cr-capex-to-issue-30mn-masala-bonds/article9714339.ece|access-date=14 June 2017|work=[[Business Line]]|date=28 May 2017}}</ref>
The Chairman of the Group Monoranjan Roy was arrested<ref name=moneylife>{{Cite web|url=https://www.moneylife.in/article/pincon-spirits-chairman-monoranjan-roy-arrested-in-rs56-crore-scam-company-fails-to-update-sebi-and-exchanges/52095.html|title=Pincon Spirits' Chairman Monoranjan Roy arrested in Rs56 crore scam; Company fails to update SEBI and Exchanges}}</ref> on 2 November 2017 in ponzi scam<ref>{{Cite web|url=https://www.hindustantimes.com/jaipur/charge-sheet-filed-in-pincon-group-scam/story-F7RWiGPJwVZmjOdotmjvZJ.html|title=Charge sheet filed in Pincon group scam|date=29 January 2018}}</ref><ref>{{Cite web|url=https://www.hindustantimes.com/jaipur/pincon-group-scam-masterminds-diverted-investors-money-to-fund-liquor-business/story-7v8QbhmtL00G8VmLWca3zN.html|title=Pincon Group scam: Masterminds diverted investors' money to fund liquor business|date=4 November 2017}}</ref> as it is alleged that public money in the company was siphoned leaving the company in huge debt.

==Operations==
Pincon Spirit Limited is involved in the manufacturing, bottling and distribution of Indian-made foreign liquor and [[desi daru|country spirits]] and markets its products under the brand name of Pincon.<ref>{{cite news|title=Pincon Spirit gets approval for liquor plant in West Bengal|url=http://zeenews.india.com/business/news/companies/pincon-spirit-gets-approval-for-liquor-plant-in-west-bengal_115964.html|access-date=14 June 2017|work=[[Zee News]]|date=9 January 2015}}</ref> It is also involved in the refining, packaging, and wholesale distribution of fast moving consumer goods. In 2015, the company took major initiatives investing Rs. 400 crores to expand its business operation by setting up new plants and increasing the production capacity of existing units as well as marketing its products in the south and northern part of the country.<ref>{{cite news|title=Pincon show|url=https://www.telegraphindia.com/1150809/jsp/business/story_36186.jsp|archive-url=https://web.archive.org/web/20150921120454/http://www.telegraphindia.com/1150809/jsp/business/story_36186.jsp|url-status=dead|archive-date=21 September 2015|access-date=14 June 2017|work=[[The Telegraph (Calcutta)|The Telegraph]]|date=8 August 2015}}</ref><ref>{{cite news|title=Pincon to spend Rs 400cr|url=https://www.telegraphindia.com/1150729/jsp/business/story_34202.jsp|archive-url=https://web.archive.org/web/20150807234429/http://www.telegraphindia.com/1150729/jsp/business/story_34202.jsp|url-status=dead|archive-date=7 August 2015|access-date=14 June 2017|date=28 July 2015|work=The Telegraph}}</ref> Currently the company has business activities in the states of [[West Bengal]], [[Odissa]], [[Jharkhand]], [[Uttarkhand]], [[Haryana]], and [[Karnataka]].<ref name="pincon3">{{cite news|title=Pincon charts Rs 300 crore capex, to issue $30 million masala bonds|url=http://economictimes.indiatimes.com/markets/stocks/news/pincon-charts-rs-300-crore-capex-to-issue-30-million-masala-bonds/articleshow/58878403.cms|access-date=12 June 2017|work=[[The Economic Times]]|date=28 May 2017}}</ref> It plans to expand its operation in [[Kerala]], [[Puducherry (union territory)|Puducherry]], [[Goa]] and [[Tamil Nadu]].<ref name="pincon3"/><ref>{{cite news|title=Kerala an important state for liquor since it relies heavily on tourism: Arup Thakur, CFO, Pincon Spirits|url=http://economictimes.indiatimes.com/opinion/interviews/kerala-an-important-state-for-liquor-since-it-relies-heavily-on-tourismarupthakurcfopinconspirits/articleshow/54579330.cms|access-date=14 June 2017|work=The Economic Times|date=29 September 2016}}</ref> In March 2016, Pincon acquired Singapore-based Orbitol Solutions, to export its brands in South East Asian markets.<ref>{{cite news|title=Pincon Spirit acquires Singapore-based Orbitol Solutions|url=http://economictimes.indiatimes.com/industry/cons-products/liquor/pincon-spirit-acquires-singapore-based-orbitol-solutions/articleshow/51039373.cms|access-date=12 June 2017|date=3 March 2016}}</ref>

==IMFL brands==
Pincon Spirit manufactures [[whisky]], [[rum]], [[desi daru]], [[vodka]], [[gin]] and [[edible oil]].<ref>{{cite web|url=http://pinconspirit.in/ |title=Brands}}</ref><ref name="unit">{{cite news|title=Pincon Spirit gets approval for liquor plant in West Bengal|url=http://economictimes.indiatimes.com/industry/cons-products/liquor/pincon-spirit-gets-approval-for-liquor-plant-in-west-bengal/articleshow/45821566.cms|access-date=12 June 2017|date=9 January 2015}}</ref>
{{col-begin}}
{{col-3}}
;Whisky
*Highland Blue
*Pincon No 1
*King's Coin
*Odisha's Choice
;Vodka
*Pincon Perfect Vodka
*King's Coin Vodka
{{col-break}}
;Rum
*Ultra Force XXX Rum
*Pincon XXX Rum
*King's Coin Rum

;Gin
*Ruby Gold Gin

{{col-break}}
;Country Sprit
*Bangla No 1
*Bengal Tiger
*Udaan
{{col-end}}

==Distilleries and units==
PSL has manufacturing units at eight locations in West Bengal.<ref>{{Cite web|url=http://pinconspirit.in/contact/|title = Contact Us}}</ref> It is currently expanding its operation in Karnataka, Odisha, Jharkhand, Uttarakhand and Northeastern states.<ref>{{cite news|title=Pincon Spirit gets shareholders' nod to invest Rs 400 crore in next 2 years|url=http://economictimes.indiatimes.com/markets/stocks/news/pincon-spirit-gets-shareholders-nod-to-invest-rs-400-crore-in-next-2-years/articleshow/48253640.cms|access-date=12 June 2017|date=28 July 2015}}</ref><ref>{{cite news|title=Pincon Spirit plans Rs. 400 cr investment|url=http://www.thehindu.com/business/pincon-spirit-plans-rs-400-cr-investment/article7474114.ece|access-date=12 June 2017|work=[[The Hindu]]|date=28 July 2015}}</ref>
*[[Agarpara]], North Kolkata
*[[Bishnupur, Bankura]]
*[[Gopalpur, Nadia]]
*[[Barrackpore Trunk Road|B T Road]], North Kolkata
*Kanyapur, [[Asansol]]<ref>{{cite news|title=Pincon Spirit intimates of increase in production capacity|url=http://www.business-standard.com/article/news-cm/pincon-spirit-intimates-of-increase-in-production-capacity-117042000363_1.html|date=20 April 2017}}</ref><ref>{{cite news|title=Pincon Spirit raises Asansol plant production capacity|url=http://www.newsonprojects.com/story.asp?news_code=27655|access-date=14 June 2017|date=21 April 2017}}</ref>
*Durgapur Expressway, [[Dankuni]], [[Hooghly district|Hooghly]]
*Belda, [[Kharagpur]]<ref name="unit"/><ref>{{cite news|title=Packaging prop for Pincon|url=https://www.telegraphindia.com/1150425/jsp/business/story_16569.jsp|archive-url=https://web.archive.org/web/20150429072803/http://www.telegraphindia.com/1150425/jsp/business/story_16569.jsp|url-status=dead|archive-date=29 April 2015|access-date=14 June 2017|work=[[The Telegraph (Calcutta)|The Telegraph]]|date=24 April 2015}}</ref>
*[[Baranagar]]

==References==
{{reflist|colwidth=30em}}

==External links==
*[http://pinconspirit.in/ Official website]

[[Category:Drink companies of India]]
[[Category:Distilleries in India]]
[[Category:Manufacturing companies based in Kolkata]]
[[Category:Manufacturing companies established in 1978]]
[[Category:Food and drink companies established in 1978]]
[[Category:Indian companies established in 1978]]
[[Category:1978 establishments in West Bengal]]
[[Category:Companies formerly listed on the National Stock Exchange of India]]
[[Category:Companies formerly listed on the Bombay Stock Exchange]]

Pincon Spirit Limited - Revision history

Gnfcmussorie: new new article