Tata Coffee to foray into tourism

The Financial Express - July 26, 2005
Tata Coffee is planning to foray into tourism by leasing out its bunglows located at its headquarters and estates at Coorg in Karnataka. The company is seeking approval from its shareholders to commence the business of tourism, at the ensuing annual general meeting of the company on August 4. The proposed resolution reads, "this business, including tourism, is covered under clause 3(2)(K) of the object clause of the company's memorandum of association.

Since the proposed business including the other businesses specified in clause 3(2)(K) may not be strictly construed as being germane to the company's existing business, approval for the commencement thereof is being sought from the shareholders." Company officials were unavailable for comment on the foray into this allied business and the revenue it will generate. Apart from tourism, the company is also seeking approval for starting business in fishing, cultivation of flower, canning, manufacturing soap among others.

Tata Coffee is the largest integrated coffee company in Asia with 18 estates spread over an area of about 19,816 acres in three plantation districts of Karnataka including Coorg. Further, its bid for six estates of Tata Tea has been accepted for Rs 55 crore.