Brihan Maharashtra Sugar Syndicate Ltd.

Brihan Maharashtra Sugar Syndicate Ltd.
Company typeLimited
ISININE109V01017
IndustrySugar, liquor, metal printing, ayurvedic products, health care products, real estate
Founded21 September 1934 (21 September 1934)
FounderChandrashekhar Agashe
Headquarters,
Area served
Maharashtra
Key people
Ashutosh Agashe (managing director)
Revenue
Total equity (2021)
ParentBrihans Group
SubsidiariesBrihans Natural Products Ltd.
Websitethebmssltd.com
Footnotes / references

The Brihan Maharashtra Sugar Syndicate Ltd. is an Indian sugar company headquartered in Pune, Maharashtra, India. Established on 21 September 1934, it is one of the oldest continuously operating companies in India, and is the namesake of the Brihan Maharashtra College of Commerce.

Founded by Chandrashekhar Agashe as a limited liability company through crowdfunding, the syndicate was initially supported by sugar manufacturing policies of the Bombay Presidency and by some princely states of the Deccan States Agency between 1934 and 1938, with its first factory being operational by 1939. During the Second World War, the syndicate planting food crops as demanded by the British Raj. Following Indian independence in 1947 and up until Agashe's death in 1956, the syndicate received criticism from its competitors for its business administration and Agashe personally for his management style.

Beginning in the 1950s, the syndicate was managed in a decentralised system until the maturity of Agashe's heirs Jagdish and Dnyaneshwar Agashe, and lost significant portions of its agricultural land to the socialist land nationalisation policies of the Indian government in the 1960s. In the 1970s, the syndicate was one of the first companies to manufacture Indian-made foreign liquor after the Government of Maharashtra repealed prohibition, until it sold its liquor manufacturing arm to Radico Khaitan in 2013. Operating as a cooperative since 1988, the syndicate has also ventured into manufacturing veterinary medicine, health care products, and Ayurvedic skincare products directly or under its subsidiaries since the 1990s.