MATROYSKA DOLLS

 MATROYSKA DOLLS

 

Russian toy: Matryoshka Dolls

 Article published as on Sunday, 9^th January, 2022 at 10:00 a.m. 

Somewhere on someday at the finale of National Geographic spelling Bees competition

At National Geographic Spelling bee

Announcer: Matryoshka

Contestant: could you please repeat the word

Announcer: Maa-Trio-Sh-Ka

Contestant: can I have all the information please

Announcer: Matryoshka dolls are a set of wooden dolls of decreasing size placed one inside another. The name matryoshka, literally "little matron", is a diminutive form of the Russian female first name "Matryona" or "Matryosha"

Contestant: M-A-T-R-Y-O-S-H-K-A

Announcer: CONGRATULATIONS!!! you are the National spelling bee Champion!!!

 

 

 

 

Matryoshka dolls also known as babushka dolls, are a set of multiple dolls of decreasing size, that can fit into one another.

it’s a doll inside a doll inside a doll and so on…

We have an interesting holding company which is Similar to a Matryoshka Doll

It is a holding company of a holding company of a holding company…

The company is:

Naga Dhunseri

… of Naga Dhunseri Group.

The following is the pattern of holding structure

Naga Dhunseri >> Dhunseri Investments >> Dhunseri ventures & Dhunseri Tea

Here, Naga Dhunseri and Dhunseri investments are pure holding companies.

 

Dhunseri ventures has interest in various businesses.

And Dhunseri Tea industries ltd is engaged in the business of production of Tea leaves.

(Some time back this company sold its branded tea business, Kala Ghoda and Lal Ghoda to Tata consumer products)

 

One common aspect among all the 4 Companies of Naga Dhunseri Group is that Each company has sizable amount of investment in various listed companies, so each company can be called an investment/holding company.

(~ Based on FY 21, Annual reports of all companies)

 

Here is a table highlighting the Major investments, but as mentioned above apart from these investments, these companies also do have various other investments in listed shares.

...Major investments

of The Naga Dhunseri Group companies

Name	Naga Dhunseri Group
Market Cap	135.70
Share price	1357.00
Companies	% shareholding
Dhunseri Tea & Industries Ltd	8.79%
Dhunseri ventures Ltd	8.79%
Dhunseri Investments ltd	21.59%
Name	Dhunseri Investments ltd
Market Cap	384.91
Share price	631.30
Companies	% shareholding
Dhunseri Tea & Industries Ltd	45.77%
Dhunseri ventures Ltd	56.44%
Name	Dhunseri Ventures
Market Cap	888.23
Share price	253.60
Companies	% shareholding
Dhunseri Tea & Industries Ltd	6.43%
Twelve Cupcakes	88.68%
Dhunseri Infrastructure	100.00%
Dhunseri Poly films	100.00%
Dhunseri Petrochem Industries	50.00%

(Data as on 6^th- Jan, 2021)

 

Conclusion:

Dhunseri Ventures is like a holding company, it houses most of the businesses of the Dhunseri group,

Dhunseri investment holds major stake in Dhunseri Ventures and Dhunseri Tea & industries ltd.

Naga Dhunseri holds 21.59% in Dhunseri Investment and 8.79% each in other 2 group companies.

 

Idea/suggestion:

I would be nice if all the companies are merged and the group structure is simplified

This should create efficiency and it may also help unlock value for the shareholders.

But until then we would have this fascinating holding company structure

~ Holding companies of Naga Dhunseri group companies, Just like Russian Matryoshka Doll.