What does New Chumta Tea Company Limited do?

New Chumta Tea Company Limited is one of India's oldest tea plantation companies, incorporated in 1889. It grows, cultivates, manufactures, blends, processes, and sells various forms of tea from its plantations in West Bengal. The company has historically been managed by McLeod and Company under the managing agency system.

Where are New Chumta Tea Company's tea gardens located?

New Chumta Tea Company is headquartered in Kolkata, West Bengal. Its tea gardens are believed to be located in the Dooars or Darjeeling/Terai belt of West Bengal, historically associated with the British-era Bengal tea industry.

Is New Chumta Tea Company Limited listed on any stock exchange?

No, New Chumta Tea Company Limited is an unlisted company. Its shares are available only through the Indian unlisted share market at approximately ₹100 per share.

How old is New Chumta Tea Company Limited?

New Chumta Tea Company Limited was incorporated in 1889, making it over 135 years old as of 2025 — one of the oldest surviving corporate entities in India.

What is the lot size for New Chumta Tea Company unlisted shares?

The lot size is 1 share, allowing investors to purchase in any quantity through unlisted share dealers.

Who manages New Chumta Tea Company Limited?

New Chumta Tea Company has historically been managed under the managing agency system by McLeod and Company, a legacy British-era agency firm. Current management details can be verified through MCA portal filings.

How do I buy New Chumta Tea Company 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 New Chumta Tea Company?

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 New Chumta Tea Company 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.

New Chumta Tea Company Unlisted Share Price | Buy New Chumta Tea Company Pre-IPO Shares — wisefolio

Investment Thesis

New Chumta Tea Company Limited, incorporated in 1889, is a heritage Bengali tea plantation company with over 135 years of history. While its vintage and plantation assets carry intrinsic value, limited financial transparency and the structural challenges of the Indian plantation sector require careful due diligence. The company's association with McLeod and Company reflects its colonial-era origins. Investors should verify current ownership and management via MCA filings before considering any investment.

Pros

One of India's oldest tea companies, incorporated in 1889, with over 135 years of operational heritage in the Assam/Dooars tea belt
Long-established plantation assets in West Bengal represent significant land and agricultural capital not easily replicated
Tea remains one of India's most consumed beverages with consistent domestic demand and strong export markets, particularly to Russia, CIS, and the Middle East
Connection to legacy managing agency McLeod and Company provides access to historical expertise in plantation management
Unlisted share price of ₹100 provides accessible entry into a heritage plantation asset with tangible land and crop value

Cons

Extremely limited public financial disclosure as a long-established but unlisted company
Tea plantation companies face chronic labour cost pressures and wage revision liabilities under the Plantations Labour Act
Climate change and unpredictable monsoons directly impact tea yields and quality, creating weather-related revenue volatility
India's orthodox tea segment faces pricing pressure from CTC tea and increasing competition from Kenya and Sri Lanka in export markets
Managing agency structures are outdated governance models; transition to modern corporate governance may be incomplete

Business Segments

Tea Plantation and Cultivation

Growing and cultivating tea leaves across plantation estates in West Bengal, managing crop cycles, pruning, and agricultural operations

Tea Manufacturing and Processing

Processing harvested tea leaves into finished tea products including CTC and/or orthodox varieties at estate factories

Tea Trading and Distribution

Blending, packaging, and selling tea through auction houses (Kolkata Tea Auction) and direct trade channels

Revenue Model

New Chumta Tea Company generates revenue primarily through sale of manufactured tea — both through the Kolkata tea auction system and potentially through direct trade. Revenue is seasonal, peaking during the first and second flush seasons (March–May and June–August). Plantation land assets also represent significant underlying book value.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

Rising specialty tea demand (Darjeeling, organic, single-estate) commanding premium prices globally

India's growing domestic tea consumption, particularly in premium and packaged tea segments

Potential land asset monetisation or redevelopment value of plantation estates

Growing export opportunities in branded Indian tea to Europe and North America

Industry Tailwinds

Recent Developments

Unlisted share market activity

Shares of New Chumta Tea Company Limited are available through the Indian unlisted share market at approximately ₹100 per share.

Comparable Companies

CompanyTypeTickerMkt Cap

Goodricke Group LimitedListedGOODRICKE~₹700 Cr

Warren Tea LimitedListedWARRENTEA~₹120 Cr

Mcleod Russel India LimitedListedMCLEODRUSS~₹400 Cr

Goodricke Group LimitedListed

GOODRICKE · ~₹700 Cr

Frequently Asked Questions

About New Chumta Tea Company

New Chumta Tea Company Limited is one of India's oldest tea companies, incorporated on June 24, 1889 -- making it a 135-year-old institution in India's tea industry. Registered with the Registrar of Companies in Kolkata with CIN L01132WB1889PLC000576, the company is classified under growing of tea or mate leaves including tea factory activities associated with tea plantations. The company's registered address is at 3 Netaji Subhas Road, McLeod House, Kolkata, West Bengal 700001. New Chumta Tea Company is engaged in the cultivation, manufacture, blending, processing, purchase, sale, and distribution of tea in various forms. The company operates tea estates and associated processing facilities, producing orthodox and CTC (Crush, Tear, Curl) teas for domestic and international markets. India is the world's second-largest tea producer and exporter, with the Assam and Darjeeling regions accounting for the bulk of premium tea production. New Chumta Tea operates within this established industry framework with over a century of plantation management expertise. The company generated revenue of approximately INR 10.8 crore for the financial year ending March 31, 2025, reflecting the small-scale but heritage nature of the business. The current board of directors includes Sharad Bajoria, Gauri Ahuja, Ishan Bajoria, Sidharth Tantia, and Sudip Chand Bothra, indicating a family-managed enterprise with longstanding promoter stewardship. As a 135-year-old company, New Chumta Tea represents continuity and heritage in India's colonial-era tea industry, with deep roots in the Bengal-based tea trading and plantation ecosystem.

Key Milestones

1889: Incorporated as a public limited company in Bengal under CIN L01132WB1889PLC000576 — one of India's earliest corporate entities

Common questions about unlisted shares

How do I buy New Chumta Tea Company 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?

New Chumta Tea Company Limited

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