What does Baghmari Tea Co Ltd produce?

Baghmari Tea Co Ltd produces tea from its estates including Huldibari CTC, Huldibari Gold CTC (from the Dooars/Terai belt), and Upper Fagu Orthodox Darjeeling Green Tea (from the Darjeeling hills). CTC teas are used in mass-market blends while Orthodox Darjeeling teas command global premium pricing.

Where are Baghmari Tea's estates located?

The company operates the Huldibari Tea Estate (located in the Dooars/Terai region, producing CTC teas) and the Upper Fagu Tea Estate (located in the Darjeeling hills, producing premium orthodox green tea).

When was Baghmari Tea Co Ltd incorporated?

Baghmari Tea Co Ltd was incorporated in 1918 in Kolkata, West Bengal, under CIN L01132WB1918PLC002913, making it over 105 years old.

What is the significance of Darjeeling Orthodox tea?

Darjeeling Orthodox tea is among the world's most prized teas, with Geographical Indication (GI) protection. Upper Fagu Darjeeling Green Tea is handcrafted using traditional Orthodox processing methods, making it highly valued in premium export markets including Germany, Japan, and the US.

Is Baghmari Tea Co Ltd listed on any stock exchange?

Despite the 'L' prefix in its CIN, Baghmari Tea Co Ltd is currently classified as unlisted, with shares trading in the unlisted market at approximately ₹90 per share.

How do I buy Baghmari Tea unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Baghmari Tea?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Baghmari Tea shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Baghmari Tea Unlisted Share Price | Buy Baghmari Tea Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Baghmari Tea Unlisted Share Price | Buy Baghmari Tea Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Baghmari Tea Co Ltd is a heritage Indian tea company with over 105 years of history, operating the Huldibari estate (Dooars CTC teas) and the Upper Fagu estate (Darjeeling Orthodox Green Tea). The combination of a high-volume CTC estate and a premium GI-tagged Darjeeling estate offers revenue diversification. While the tea plantation sector faces structural headwinds from labor costs, climate stress, and commodity pricing, the company's Darjeeling Orthodox teas carry strong export and premium market appeal. At ₹90 per share in the unlisted market, the stock reflects conservative valuation for a century-old plantation business.

Pros

ISIN INE773E01016 confirmed; incorporated December 4, 1918 — **106+ years** of continuous tea operations; one of India's oldest companies.
Listed company (L-prefix) with revenue growing 21.77% in FY23 and profit up 109.39% — strong operational turnaround.
Bajoria family promoter holding of 74.96% — tight family control with aligned incentives.
Active website at baghmaritea.com; tea processing and wholesale operations in Kolkata.
India's Darjeeling and Assam teas command global premium; West Bengal tea companies benefit from heritage branding.

Cons

Authorized capital only Rs.2 Cr; paid-up Rs.1.235 Cr — extremely small capital base for a listed tea company.
Share price likely very low given thin capital base — near-penny stock range with minimal liquidity.
Small single-estate/processing company faces competition from large integrated players (Tata Tea, Goodricke, McLeod Russel).
Tea plantation faces structural headwinds: climate change, rising estate labor costs, declining global consumption in some markets.

Business Segments

Tea Processing & Trading

Tea and coffee processing; manufacturing and wholesale of processed tea under Baghmari brand from West Bengal estates.

Revenue Model

Baghmari Tea generates revenue through the sale of manufactured tea from its two estates. CTC tea from the Huldibari estate is sold through auction at Kolkata or Siliguri tea auctions and to domestic bulk buyers. Orthodox Darjeeling Green Tea from Upper Fagu commands premium pricing and may be sold through direct export channels, specialty importers, and premium domestic buyers. The company may also sell green leaf from estate gardens.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

Growing global demand for premium GI-tagged Darjeeling Orthodox teas in European and Asian markets

Rising domestic premium tea consumption among urban Indian consumers

Potential for direct-to-consumer or branded retail expansion leveraging the 100-year heritage story

Sustainable and single-origin tea positioning could command higher export premiums

Industry Tailwinds

Recent Developments

Assam tea prices remain robust supporting estate operators

India's tea production and exports have been steady. Assam CTC tea prices at auction have been supported by consistent demand from domestic blenders and international buyers.

2024-2025

Frequently Asked Questions

About Baghmari Tea

Baghmari Tea Co Ltd is one of India's oldest tea companies, incorporated on 4 January 1918 in Kolkata — over 107 years of corporate existence. The company is managed by the Bajoria family, a prominent Kolkata-based business family with deep roots in the tea and trading sectors. Directors include Anand Bajoria, Shakti Khaitan, Rajendra Bajoria, Pranab Kumar Mookerjee, Shobha Bajoria, and Dhruv Bajoria. The registered office is at 3, Netaji Subhas Road, Kolkata 700001 — the historic commercial heartland of Kolkata. The tea estate is located at P.O. Biswanath Chariali, District Sonitpur, Assam — in the Brahmaputra Valley, one of the world's most recognised tea-growing regions. Assam produces approximately 50% of India's total tea output and is globally renowned for its bold, malty, full-bodied teas. The company is classified under 'Growing of crops; market gardening; horticulture' per NIC codes. Baghmari Tea's authorised share capital is ₹2 crore with a paid-up capital of ₹33 lakh — reflecting the modest capitalisation common among legacy tea estate companies where value resides in land and plantation assets rather than share capital. The Bajoria family has managed this estate through pre-independence British India, the post-independence nationalisation period, liberalisation, and the modern organised tea industry. Assam tea is primarily manufactured as CTC (Crush-Tear-Curl) black tea and sold through the Guwahati Tea Auction Centre — one of the world's largest tea auction platforms.

Key Milestones

Incorporated December 4, 1918 in Kolkata, West Bengal (CIN: L01132WB1918PLC002913) — 106+ years old

Common questions about unlisted shares

How do I buy Baghmari Tea unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

Risk factors & red flagsInvestment risks and items flagged from public filings11

Leverage & DebtMedium

CRISIL rating of IND B / Negative(ISSUER NOT COOPERATING) / IND A4(ISSUER NOT COOPERATING) — sub-investment grade; indicates elevated credit risk

Source: CRISIL

Fraud / GovernanceLow

Both Dooars and Darjeeling tea belts are increasingly affected by erratic monsoons, unseasonal frost, and drought, impacting crop volumes and quality especially for the premium Darjeeling first and second flush teas.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Tea plantations are heavily regulated by the Plantation Labour Act. Rising wages, worker welfare mandates, and labor unrest (particularly in Darjeeling, where Gorkhaland agitations have periodically disrupted operations) are ongoing risk factors.

Source: Media Reports / Public Records

Fraud / GovernanceLow

CTC tea prices are determined at auction and subject to global supply dynamics. Competition from African producers has suppressed prices for lower-grade CTC teas.

Source: Media Reports / Public Records

Fraud / GovernanceMedium

Total Darjeeling tea production has declined significantly over the past decade due to climate stress, pest (red spider mite) damage, and labor disruptions, creating supply-side constraints even as demand grows.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Unlisted shares at ₹90 have very limited secondary market interest, making exit difficult.

Source: Company Financial Filings

Climate Risk

Labor Risk

Commodity Price Risk

CTC tea prices are determined at auction and subject to global supply dynamics. Competition from African producers has suppressed prices for lower-grade CTC teas.

Darjeeling Volume Decline

Liquidity Risk

Unlisted shares at ₹90 have very limited secondary market interest, making exit difficult.

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