The wine division, which encompasses high-end labels like Dindori and Rasa, witnessed a nearly 4% increase in revenue for the quarter.
Sekhri, 45, has launched his vineyard in Akluj, rural Maharashtra, in 2006.
Simon Lambert, founder of Kismet Trading, said, “The company is excited to partner with India’s oldest and largest winery Sula Vineyards.”
This is a part of ABD’s strategy to boost international presence and help build premium brands.
The addition of these two new brands will help the company to expand into a multi-brand lifestyle label with wine being at the core of their business.
This funding is part of a total commitment of Rs 130 crore from Viswanathan, Quintela and the AVT Group.
Over the past couple of decades, locally grown wines have gained immense popularity.
It is reported that Singh, who is ranked by Forbes in the past as one of India\'s richest persons with a net worth of at least USD 975 million,…
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