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

Valuation
Investment Thesis
Heritage Assam tea company (est. 1936) operating Bormahjan Tea Garden and Ouphulia Tea Garden in Assam. Promoted by Bajoria and Bhartia families (established Bengal business houses). Shareholders approved merger with Teesta Valley Tea Co Ltd in March 2018 — NCLT final order still pending after 7+ years. Corporate uncertainty from long-pending amalgamation. Small but operationally active Assam tea estate.
Pros
Cons
Business Segments
Tea production — Bormahjan Tea Garden (Assam)
Tea production — Ouphulia Tea Garden (Assam)
Revenue Model
Revenue is generated through the sale of processed tea — primarily Assam CTC and orthodox varieties — to tea auction houses (Kolkata/Guwahati auctions) and directly to buyers. Pricing is driven by commodity tea auction prices.
Detailed Analysis
Growth Plans
Growing global demand for Assam orthodox teas in specialty tea markets in Europe and Japan
Quality improvement initiatives in cultivation and processing could improve auction price realizations
Industry Tailwinds
Growing global demand for Assam orthodox teas in specialty tea markets in Europe and Japan
Quality improvement initiatives in cultivation and processing could improve auction price realizations
Recent Developments
Comparable Companies
GOODRICKE · ~700 Cr
Frequently Asked Questions
About Bormah Jan Tea Company (1936)
The Bormah Jan Tea (1936) Limited is one of India's oldest tea companies, incorporated in 1936 in West Bengal with its corporate registration predating Indian independence. The company is registered at 3, Netaji Subhash Road, Kolkata — the prestigious commercial street in the heart of Kolkata that houses many of India's legacy tea trading companies, reflecting the city's historical role as the hub of the Indian tea trade. The company operates two tea gardens in Assam: Bormahjan Tea Garden and Ouphulia Tea Garden. Assam's tea gardens are among the world's most productive, contributing over 55% of India's total tea production. The Bormahjan and Ouphulia gardens, being Assam CTC producers, serve the mainstream domestic and blended tea markets. Assam teas are known for their malty, full-bodied character — the backbone of most British blended teas and Indian chai. The company has an official website (bormahjantea.com) indicating active brand presence. The board of directors includes the Bajoria family — Dhruv Bajoria, Mudit Bajoria, and Bharat Bajoria — alongside Puja Parik, Sudarsan Das, Namrata Bhartia, and Jayanta Majumder. The Bajoria family is a prominent Kolkata-based Marwari business family with interests across multiple sectors. Bharat Bajoria also serves as a director at Teesta Valley Tea Co Ltd (another heritage tea company), suggesting the Bajoria family's active involvement in the Indian tea sector. The company's last AGM was held on 26 December 2023 with the balance sheet filed for the year ending March 2023, confirming current active operations. As a 90-year-old tea company with two Assam gardens and institutional Bajoria family management, Bormah Jan Tea represents a stable legacy player in India's tea value chain. The company benefits from Assam's established auction infrastructure at the Guwahati and Kolkata Tea Auction Centres.
Key Milestones
1936 — Incorporated; Assam tea producer with Bormahjan and Ouphulia tea gardens
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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.
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Industry Headwinds
Climate change-induced weather disruptions in Assam affecting crop yields
Rising labor costs under Plantation Labour Act regulations in Assam
Tea prices are determined at auction and are volatile, directly impacting revenue and margins for small plantation companies
Source: Company Financial Filings
Assam tea gardens are exposed to erratic monsoons, flooding, and drought, which can significantly reduce leaf yield in any given year
Source: Media Reports / Public Records
As an unlisted company with a small share count, there is minimal secondary market liquidity for investors
Source: Media Reports / Public Records
Tea prices are determined at auction and are volatile, directly impacting revenue and margins for small plantation companies
Assam tea gardens are exposed to erratic monsoons, flooding, and drought, which can significantly reduce leaf yield in any given year
As an unlisted company with a small share count, there is minimal secondary market liquidity for investors
MCLEODRUSS · ~300 Cr
WARRNTEA · ~100 Cr
Registered at 3 Netaji Subhas Road, Kolkata — historic Kolkata business address
March 2018 — Shareholders approved scheme of amalgamation with Teesta Valley Tea Co Ltd
NCLT amalgamation order still pending as of last available records