Simbhaoli has worked hard to earn the trust of its stakeholders for close to 80-years.
Simbhaoli started as a partnership firm in 1933 by Sardar Raghbir Singh Sandhanwalia, with a seed capital of Rs. 10 lakhs. The other three partners were Col. Buta Singh, Col. Nau Nihal Singh and Joginder Singh Mann. Sardar Raghbir Singh Sandhanwalia was the dominant partner with an 82% share.
In 1936, Simbhaoli was incorporated as a private limited company with an authorized capital of Rs. 12 lakhs (1200 shares of Rs. 1000 each) and a paid up capital of Rs. 9.6 lakhs.
In 1989, it went public and has been listed on Indian Stock Exchange for the past 20 years. In 1992, it acquired a distillery (owned by the family as an independent company) and thereby converted the Simbhali sugar plant into an integrated sugar complex.
In 1999-2000, the families re-organized their ownership structure, with the three families and their descendents (holding 11% of equity in the company) decided to withdraw themselves in favour of one family group (descendents of the founding promoter).
Today, Simbhaoli is part-owned by the third and fourth generations of this family, represented by Gurmit Singh Mann and Gurpal Singh, who are the only family nominees on the board.
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