Allied Blenders & Distillers (ABD), led by Kishore Chhabria and preparing for a INR 2,000-crore initial public offering, has appointed Alok Gupta as its newly appointed Managing Director and Chief Executive Officer.
Gupta joins ABD after serving as a partner in charge of the technology and services division at Essar Capital. He boasts a wealth of over 30 years’ experience in consumer-focused organizations, including roles at Dabur, United Spirits, and Cafe Coffee Day. Meanwhile, Shekhar Ramamurthy, the former Managing Director of United Breweries, will remain a part of the board as the Executive Deputy Chairman.
ABD’s range comprises some of the most widely sold spirits globally, such as Officer’s Choice whiskey, Jolly Roger Rum, and the Kyron brandy.
“ABD has always been a leading player, the transition journey it has embarked upon is indeed an exciting challenge and I am happy to lead the transformation agenda,” said Gupta.
During FY22, the leading domestic liquor company recorded INR 7,196 crore in sales, with 28.6 million cases of alcohol sold, securing a 7.4% market share within the IMFL (India-made foreign liquor) sector.
