Financial Performance

Joint ventures and associates

Joint ventures:

Company name Country of incorporation Principal Activities
NourishCo Beverages Ltd. India
Tata Starbucks Private Ltd. India Operating Starbucks Cafes in India
Southern Tea LLC USA Manufacturing and distribution of tea
Tetley ACI (Bangladesh) Ltd. Bangladesh Manufacturing, marketing and distribution of tea
Tetley Clover (Pvt) Ltd. (under liquidation) Pakistan Manufacturing, marketing and distribution of tea
Tetley Clover (Pvt.) Ltd. Pakistan India
Joekels Tea Packers (Proprietary) Ltd. South Africa Manufacturing, marketing and distribution of tea

Associates*:

Company name Country of incorporation Principal Activities
Amalgamated Plantations Pvt. Ltd. India Manufacturing, marketing and distribution of tea
Kanan Devan Hills Plantation Co. Pvt. Ltd. India Manufacturing, marketing and distribution of tea
Kanan Devan Hills Plantations Co. Pvt. Ltd. India
TRIL Constructions Ltd. India Development of real estate and infrastucture facilities

*Associate classification is based on equity shareholding.

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