/spiritz/media/media_files/2025/06/24/tilaknagar-industries-eyes-to-raise-funding-2025-06-24-12-55-00.png)
Tilaknagar Industries Ltd. (TI) has invested nearly ₹10.7 crore in Spaceman Spirits Lab Pvt. Ltd. (SSL), a homegrown producer of premium craft spirits, including Samsara Gin, Sitara Rum, and Amara Vodka.
Of the total investment, around ₹9.2 crore is part of the ₹13.2 crore commitment announced under the September 2024 agreement between TI and SSL. The remaining ₹1.5 crore will be used to acquire shares from some of SSL’s early shareholders.
With this move, TI’s stake in SSL will increase from 13 percent to approximately 21.4 percent on a fully diluted basis. The agreement also provides TI the option to further increase its stake, either through additional capital infusion or share acquisition, based on SSL meeting specific performance milestones.
Ameya Deshpande, President - Strategy and Corporate Development at TI, said, “Our continued investment in Spaceman Spirits Lab reflects our conviction in the enduring appeal of premium craft spirits in a rapidly evolving market. Their thoughtfully curated portfolio demonstrates innovation, quality and craftsmanship. We are excited to deepen our partnership as Spaceman enters a new phase of growth.”
Aditya Aggarwal, Founder and Managing Director of SSL, welcomed the development. “We are thrilled to deepen our partnership with Tilaknagar Industries as we embark on a bold new chapter. With Tilaknagar’s extensive distribution network and industry leadership, we are excited to take our iconic brands to every corner of India.”
SSL is gearing up for strategic product diversification into categories like whisky, heritage liqueurs, and tequila. Aditya shared that SSL expects a revenue growth of nearly 70 percent and volume growth of 60 percent in FY26, signalling strong momentum in the premium craft segment.
Additionally, both entities will benefit from an ongoing User Agreement that commenced in May 2025. Under this agreement, Tilaknagar Industries will use its robust distribution network to sell SSL’s products in select Indian states and international markets.