Jagatjit Industries brings disruptive technology to India, Partners with Los Angeles based Lost Spirits Technology

Jagatjit Industries Limited (JIL), one of India’s oldest and established Liquor company, engaged in Indian Made Foreign Liquor (IMFL), Country Liquor, Malted Milk Foods, Malt extract and Real Estate, today announced its proposed partnership and association with Lost Spirits Technologies (LST), USA, an award-winning Los Angeles based distillery adopting disruptive accelerated aging technology producing whiskey and rum.

LST is a pioneer and the most successful company to have mastered and demystified the chemistry involved in the barrel aging of spirits and has been very successful in creating technology which can replicate very high quality accelerated aging of alcoholic spirits.

LST has been widely acknowledged for its use for this disruptive technology which results in replication of a 20 year aged alcoholic spirit in a span of 6 days producing the same chemical signature and taste.

“India is the world’s largest individual whiskey market.  So for Lost Spirits, choosing a technology partner in India was a very important decision. After working together for the past 18 months, we are delighted to see the project progress and excited to share the forthcoming developments,” shared Bryan Davis, Founder & CEO, Lost Spirits.

With this association Jagatjit Industries Limited (JIL) will enhance current product portfolio and launch new products in the premium segment using this technology in the near future.

The partnership will also allow the technology to be made available to all players in the industry who choose to use it in India. Since India is one of the largest liquor markets in the world, it is JIL’s objective to use this technology to reduce the dependence on imports from Scotland and the prohibitive costs associated with Barrel Aging.

“Jagatjit Industries has always been a company that has been on the forefront of change and innovation. This is a significant strategy for our future to remain sustainable, designed to strengthen Jagatjit Industries, and to create long-term value for our shareholders and stakeholders across the value chain,” added Roshini Sanah Jaiswal, Chief Restructuring Officer (CRO) of Jagatjit Industries.

With this technology JIL will strive towards world class aged and matured alcoholic spirits which will be “Made in India”. It will also further India’s position as a world class whisky hub capable of producing top of the line alcoholic spirits at very competitive price., further reducing import costs and increasing export value.