We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil B-/Stable/Crisil A4
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 24 Oct 2025
View Full ReportValuation
Investment Thesis
Rangpur Tea Association Ltd is a century-old tea cultivation and processing company based in Kolkata with gardens in North Bengal. Managed by the Agarwal family, it operates as a niche unlisted company in the traditional plantation sector with limited public financial disclosure and a share price of ₹300.
Pros
Cons
Business Segments
Tea Cultivation & Manufacturing
Tea cultivation, manufacturing, and sale; Majherdabri Tea Estate; Dooars and Tarai region, West Bengal; black tea and green tea; Top 25 in Dooars/Tarai.
Revenue Model
Revenue is generated primarily through cultivation of tea in garden estates and selling processed tea through Indian tea auctions (Kolkata auction) or directly to bulk buyers and exporters.
Detailed Analysis
Growth Plans
Growing premium and specialty tea market globally supporting better price realization
Potential for value-added tea products or direct-to-consumer branding
Industry Tailwinds
Growing premium and specialty tea market globally supporting better price realization
Potential for value-added tea products or direct-to-consumer branding
Recent Developments
Rangpur Tea Association filed its balance sheet for financial year ending March 2023, indicating active operations in the Bengal tea sector.
FY2023Comparable Companies
GOODRICKE · ~500 Cr
PE: ~15xx
JAYSHREE · ~200 Cr
Frequently Asked Questions
About Rangpur Tea Association
Rangpur Tea Association Ltd is one of India's oldest tea companies, incorporated on 15 May 1917 in West Bengal. With over 107 years of operational history, the company represents the legacy of colonial-era Indian tea industry that established West Bengal and Assam as the world's most important tea-producing regions. The company manufactures and supplies black tea and green tea, along with tea greens, from its tea gardens. The company is registered at P-3, New C.I.T. Road, 2nd Floor, Kolkata — 700073, which serves as the administrative headquarters for what is likely a plantation company with gardens in West Bengal's tea-producing districts such as Darjeeling, Jalpaiguri, and Dooars. With an authorized share capital of Rs. 3 crore and paid-up capital of Rs. 2.48 crore, the company maintains a modest but stable capital structure consistent with family-managed tea estates. The current board is controlled by the Agarwal family — Swasti Agarwal, Saket Agarwal, and Seema Agarwal serve as directors, indicating the transition of this century-old company to contemporary promoter management. Indian tea estates are often family-managed operations inherited through generations, with estates that have operated continuously since the British era. India is the world's second-largest tea producer and largest consumer, with production of approximately 1,389 million kg in FY2023. West Bengal accounts for about 25% of India's total tea production, primarily through Darjeeling and Dooars gardens. Rangpur Tea Association operates within this historic ecosystem, producing teas that are sold through auction houses like the Kolkata Tea Auction or through direct export relationships.
Key Milestones
Incorporated May 15, 1917 in West Bengal (CIN: U15492WB1917PLC002834) — 108+ years old
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss Rangpur Tea Association — share your research, ask questions, or compare notes with other investors.
Industry Headwinds
Climate change impacting tea garden yields in North Bengal
Rising plantation labour costs under government wage mandates
CRISIL rating of Crisil B-/Stable/Crisil A4 — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Tea yield is highly sensitive to rainfall patterns and climate change; drought or excessive rain can significantly reduce crop output
Source: AlphaHub Research
Tea cultivation is labour-intensive; rising minimum wages for plantation workers under the Plantation Labour Act increases cost pressures
Source: AlphaHub Research
Tea prices at auction are volatile and subject to domestic and global supply-demand dynamics, affecting revenue predictability
Source: Company Financial Filings
Tea yield is highly sensitive to rainfall patterns and climate change; drought or excessive rain can significantly reduce crop output
Tea cultivation is labour-intensive; rising minimum wages for plantation workers under the Plantation Labour Act increases cost pressures
Tea prices at auction are volatile and subject to domestic and global supply-demand dynamics, affecting revenue predictability
PE: ~12xx
Majherdabri Tea Estate; Dooars/Tarai region; Top 25 tea manufacturers in Dooars and Tarai
Black tea + green tea; revenue ₹1-100 Cr (FY2015); 6.34% revenue decrease (FY2023)
Authorized ₹3 Cr; paid-up ₹2.48 Cr; registered at P-3, New C.I.T. Road, 2nd Floor, Kolkata 700073