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Tilaknagar's turnaround from Rs 1,200 crore debt to net debt free in January 2024 anchors next-gen legacy-business push
Tilaknagar Industries became net debt free in January 2024 after debt of around Rs. 1,200 crore in March 2019, then acquired Imperial Blue in late 2025. The feature also profiles Amrapali Jewels and Amrut Distilleries, which is present in 58 countries.
Who and when
Figures from Entrepreneur India,
| Tilaknagar annual finance costs: | over Rs.180 crore |
|---|---|
| Amrut Distilleries Indian states present: | 24 |
| Supriya Lifescience revenue ambition for FY27: | Rs. 1,000-crore |
| Amrapali Jewels founded: | 1978 |
Why the change matters
Tilaknagar went from about Rs 1,200 crore of debt in March 2019 to net debt free in January 2024, then bought Imperial Blue in late 2025, which suggests a repaired balance sheet is what funds brand-led expansion; Amrut's reach across 58 countries and 24 Indian states shows the distribution breadth that legacy brands can build.
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