RTCL Ltd., previously known as Raghunath Tobacco Company Ltd., was established as a Limited Company in March 1994. Its inception was facilitated by Om Prakash Agarwal, Jai Prakash Agarwal, and Sri Prakash Agarwal. The company specializes in Real Estate Development. In order to fund various endeavors such as plant setup, advertising costs, and working capital needs, RTCL initiated a public offering of 38,80,000 equity shares valued at Rs 10 each, totaling Rs 388 lakh. Commercial production commenced in 1996, with the introduction of 'CURRENT' brand cigarettes, including 69 mm Filtered Cigarettes and 59 mm Non-Filtered Cigarettes.
In 1997-98, the company invested in 356,000 equity shares of Raghunath Securities and Credit Limited at Rs.10 per share, thereby acquiring 72.20% ownership, thus making it a subsidiary. In 2002-03, RTCL ventured into the convenience store market under the brand 'Sir Good Morning' in Kanpur. With India's real estate sector witnessing robust growth, RTCL is actively establishing itself as a prominent player in the industry. Additionally, the trading and agency business continues to be a vital revenue source, contributing to the company's diversification and overall growth strategy.
In 1997-98, the company invested in 356,000 equity shares of Raghunath Securities and Credit Limited at Rs.10 per share, thereby acquiring 72.20% ownership, thus making it a subsidiary. In 2002-03, RTCL ventured into the convenience store market under the brand 'Sir Good Morning' in Kanpur. With India's real estate sector witnessing robust growth, RTCL is actively establishing itself as a prominent player in the industry. Additionally, the trading and agency business continues to be a vital revenue source, contributing to the company's diversification and overall growth strategy.
