5. Tata Global Beverages
TGB was established in 1962 and is headquartered in Kolkata, West Bengal, India. It is an integrated beverage business that offers tea, coffee and water, and has established its presence in the global tea market with its offerings under the brands Tata Tea, Vitax, Tetley, Laager, Good Earth, Jemca and Teapigs.
Its acquisition of Britain’s Tetley Group in 2000 for $432m was described as the biggest Indian takeover of a foreign company at the time. Tetley, the world's second largest tea company after Unilever's Brooke Bond-Lipton with an annual turnover of £300 million, was the market leader in Britain and Canada and a popular brand in the United States, Australia and the Middle East.
Established in 1837, Tetley was the first British tea company to introduce the tea bag to the UK in 1953. It now contributes around two-thirds of the total turnover of Tata Tea.