ABOUT US

Every few years, companies reach a point where they need to re-invent themselves. Rediscover the magic. Revisit the opportunity. And recreate.

Companies that do not recognize this point go through diminishing returns. Those that do, and reinvent themselves, offer high growth and returns to the shareholders. This point is called inflection!

At Kesar, we have an integrated model. The entire integration is at inflection.

Company Profile

A HISTORY IN THE MAKING

The origin of Kesar Enterprises Ltd. (KEL) can be traced back to over a hundred years ago, when Kilachand Devchand strode a confident path to Bombay from a distant village in Gujarat, Patan. Since then, he and his succeeding generations have pioneered the formation and rise of the Kilachand Group, one of the largest houses for industry and trade in cotton and oilseeds. With the rising needs of a growing nation, their businesses expanded into Shipping, Aircrafts, Banking, Automobiles, Marketing, Insurance, Thermoplastics, Synthetic Rubber and Textiles in an ever-widening sphere of industry.

Established in the year 1933, Kesar Enterprises Limited (KEL) grew as a member of the Kilachand group. Now, as KEL proudly crosses the threshold of 90 years, with major expansion and modernization plans on the brink of completion, the company is heading to reach new heights.

KEL has evolved into one of the leading industrial houses in Uttar Pradesh, North India. Engaged in the manufacture, marketing & sale of a variety of products, KEL’s highly diversified activities may be broadly classified into the following three divisions:

Sugar
- The Sugar division is engaged in the business of the manufacture & sale of Sugar & its by-products
Spirits
- Spirits division is concerned with the manufacture & sale of alcohol & alcoholic beverages
Power
- Power division is involved in the generation of power from bagasse

All divisions of KEL are ISO 9001:2008 certified.

KEL has journeyed a long way from its humble establishment in 1933. Completing 90 years in 2024, the company’s commitment to higher growth & profit regimes has resulted in installation of latest technology for the Sugar division, breakthrough R & D for Sugar & efficient utilization of resources.

The company has implemented an integrated, robust business model, the results of which are manifest in KEL’s burgeoning growth & success.

Board of Directors

Dedication. Expertise. Passion.

Chairman & Managing Director

Mr. Harsh R. Kilachand

Mr. Harsh R Kilachand is B.Com. from University of Bombay and C.B.M. & P.D.B.M. from U.S.A. He joined the Company on 8.8.1985 as Executive . He was entrusted with the duties of Administration & Co-ordination work of the Company and also to plan & supervise projects for modernization and expansion of Company s activities. He contributed a lot in his first decade towards the growth of the Company. He had efficiently carried out the duties entrusted to him, including completion of the expansion & modernization of Sugar Factory, Distillery, ENA & IMFL Plants, the Power Plant for Cogeneration and also a Second Storage Terminal at Kandla. On 6.3.1997, he was appointed as a Joint Managing Director . With effect from 14.8.1997, he has been working as a Chairman & Managing Director of the Company.

Independent Director

Mr. Mahesh A. Kuvadia

Mr. Mahesh A. Kuvadia is a B.Com., LLB, Fellow Company Secretary (FCS). He has vast experience with the Government of India in various departments over the last 36 years and retired as Regional Director, Ministry of Corporate Affairs (MCA). He has also server on the Boards of Ahmedabad, Rajkot & Vadodara Stock Exchanges as a Nominee Director of Government of India and has also represented the Ministry as a member of "Frauds Committee" at United Kingdom.

Independent Director

Dr. Narendra Mairpady

Dr. Narendra Mairpady is Bachelor of Commerce (Mysore University) and Bachelor of Law (Mangalore University) with qualification from CAIIB Institute of Banking, Finance, Mumbai. He also holds Doctor Letters from Hindustan University, Chennai & Kalpagam University, Coimbatore. He is an eminent banking professional having more than 40 years of wide experience and exposure. He started his career as officer trainee with Corporation Bank. Later, he held the position of Chief General Manger in Corporation Bank from January, 1975 till November, 2008. From November, 2008 till November, 2010, he was an Executive Director of Bank of India. In November, 2010, he was appointed as Chairman and Managing Director (CMD) of Indian Overseas Bank and retired as CMD in 2014. He has held membership in RBI s Technical Advisory Committee on Money, Forex and Government Securities Markets. He also held positions in various committees of Indian Bank s Association (IBA). He was also the Chairman of ASSOCHAM s National Council for Banking & Finance.

Independent Director

Mr. Rishabh Shah

Mr. Rishabh Shah is B.A. (Hons.) and Bachelor of Law. Shri Rishabh Shah is an experienced advocate practicing in various areas including matters involving the Law of Contract, Partnership Act, Sale of Goods Act, Negotiable Instruments Act, Company Law, Securities Law, Banking Law, Property Laws, Intellectual Property Law, Insolvency Law, Arbitration etc. He is also empanelled as Arbitrator on BSE & NSE Arbitration Panel. He has over 25 years of experience representing major corporations as legal counsel.

Independent Director

Mrs. Ranjana Sinha

Mrs. Ranjana Sinha is a M.A. with Economics and History; Diploma in Development Economics in emerging economies from the University of Sussex, U.K.; Indian Administrative Service [IAS], Maharashtra Cadre (1975). She retired as an Additional Chief Secretary, Department of Finance & Department of Textiles, Government of Maharashtra in the year 2009.

Non-Executive Non-Independent Director

Mr. Devendra J. Shah

Shri Devendra J. Shah is B.Com., Fellow Company Secretary (FCS) and Diploma holder in Financial Management (DFM). Shri D. J. Shah had joined the Company on 23rd December, 1993. He retired from the Company as Sr. Vice President (Legal) and Company Secretary on 13th November, 2020. He has overall 40+ years of experience including vast experience in Secretarial, Legal, Administration & Personnel functions.

Milestone

The origin of Kesar Enterprises Ltd. (formerly known as The Kesar Sugar Works Limited), a 500 Crore multidivisional and multi locational Company can be traced back to the year 1932 when it was started and nurtured by the Kilachand family with sugar production as its primary objective. Since then, it has explored into diverse areas like Alcohol, Chemicals, Liquor, Power etc.

In March 2010 the Company was demerged and the Storage division at Kandla is now under a new banner “Kesar Terminals & Infrastructure Limited”. Visit here for more details: http://www.kesarinfra.com

Co-generation Power Plant
A milestone project for the company is the implementation of a Bagasse fuel based 44 MW Co-generation Power Plant at its sugar facility in Uttar Pradesh. The Co-generation plant is commissioned in July 2012 and KEL is exporting power to electricity grid. The plant has been incorporated with the latest design and will be equipped with a 190 ton/ hour, 115 ata Boiler and a 44 MW Turbine, making it one of the biggest, and most efficient in India.

Joint Project In Madhya Pradesh
We take great pleasure to announce that the Bhoomi Poojan Ceremony of Composite Logistics Hub Project of Kesar Multimodal Logistics Limited will take place on 22nd October 2012 at Powarkheda, Madhya Pradesh.

Kesar Multimodal Logistics Ltd (KMLL) is the SPV Company of Kesar Terminals & Infrastructure Ltd & Kesar Enterprises Limited and is developing a ‘Composite Logistics Hub’ at Powarkheda near Itarsi under a Public Private Partnership (PPP) model. The Logistics Hub will comprise of a Private Freight Terminal with railway sidings, warehousing complex, cold storage, bonded warehouses, Inland Container Depot, Agri product processing units and modern cargo handling & storage facilities spread over 88.3 acres of land located strategically on the intersection of East-West, North-South corridor of the Indian railway network.

A Special Purpose Vehicle i.e. Kesar Multimodal Logistics Ltd. (KMLL) incorporated by the Consortium of Kesar Terminals & Infrastructure Limited (KTIL) & Kesar Enterprises Limited (KEL), has entered into a Concession Agreement with The Madhya Pradesh State Agricultural Marketing Board (Mandi Board) for setting up of a “Composite Logistics Hub” at Pawarkheda, Madhya Pradesh on a Public Private Partnership (PPP) Model.

Code of
Conduct

All employees shall report at their respective workplaces at the time fixed and notified by the management. An employee reporting late shall be governed by the rules as may be in force from time to time.

All employees are strongly encouraged to distinguish between business and personal interests. For instance, company material, equipment, facilities etc. should not be misused for personal purposes. Employees should avoid actions, which damage the reputation of the Company.

Whenever an employee is invited by external agencies / education institutions / professional bodies, etc. to deliver lectures / make presentations etc., he should first take approval by making a written request to the HR Department, through his immediate superior.

An employee is required to be conscious of time and cost issues and ensure no misuse of the same.

The following acts and omission on part of an employee shall amount to “misconduct” in accordance with the standards of the company / or otherwise:

Willful insubordination of Superiors or disobedience.
Going on an illegal strike or abetting, aiding / instigating or acting in furtherance thereof.
Willful slowing down in performance of work
Engaging in trade within the premises of the Establishment
Drunkenness or disorderly behavior during working hours
Act subversive of discipline
Misuse of power / authority for personal gains.
Taking out any property / document of outside the premises without prior approval of the immediate superior.
Any form of sexual harassment.

For misconduct committed by an employee, the Company may inflict any of the following punishments:

Warning
Suspension
Discharge
Dismissal
Demotion

Conflict of Interest: Conflict of Interest is defined as when an individual's personal, economic interests conflict with the interests of his company. The use of one’s position to obtain personal gain or advantage for oneself, members of one’s family or friends may result in a “Conflict of Interest” if the Company’s reputation and good name is jeopardized in any way, even though there may be no immediate or apparent financial loss to the Company.

In order for employees to be free to act in the best interests of the Company, they or members of their immediate families should not engage in any activity or have any outside interest which might conflict with the Company’s interest in any way, be harmful or publicity detrimental to the Company, or deprive the Company of their loyalty in carrying out its policies and satisfactory performance of their duties.

A conflict of interest is deemed to exist where:

An employee holds an outside position, which affects the performance of his / her work for the Company.
An employee is an employee of or consultant to any public or private concern which is a competitor, a supplier or a dealer of the Company.
An employee or a member of his / her immediate family acquires an interest in a firm which to his / her knowledge, the Company is investigating or with which the Company is carrying on or contemplating negotiations for merger, consolidation, acquisition or joint venture.
An employee or a member of his / her immediate family deals in the Company’s stock based on information gained in the course of performance of the employee’s duties and not available to the public or otherwise misuses information available to or gained by the employee through his / her employment.
All KEL employees should consider and handle KEL documents as Company property and these should not be released to outside people or organizations without express permission of the Management.
KEL employees must use good judgement and maintain a high degree of honesty and integrity when dealing with suppliers, customers and vendors. All bids and quotations submitted to KEL must be evaluated on the basis of quality, service, reliability and price, along with the financial stability of the suppliers.

We value integrity and an entrepreneurial mindset in our business conduct that encourages innovation, creativity and risk taking at all levels.

We work towards enhancing and maintaining competency and motivational levels of employees who are the essence of the organisation. It is through their dedication and enthusiasm that the organisation achieves its objectives.

“Create a Company that everyone connected should be proud of through energized and involved employees and build a culture based on Trust, Transparency & Team spirit”

Service to customer
Excellence in pursuit of our goals
Respect to the individual

ABOUT US

Company Profile

Board of Directors

Milestone

Code of Conduct

Code of
Conduct