Our Partners

Philip Morris

Altria Group Inc is the parent Company of Philip Morris, Philip Morris USA and Philip Morris Capital Corporation. Altria Group owns 100% of the outstanding stock of Philip Morris USA, Philip Morris and Philip Morris Capital Corporation.

Philip Morris, the owner of some of the world's most respected brands including Marlboro, is one of the largest shareholders in Godfrey Phillips India and has an agreement with the Company to provide technological services and assistance in all areas of business.

In 1968 Philip Morris Finance Corporation, a wholly owned subsidiary of Philip Morris Inc., U.S.A. acquired full ownership of Godfrey Phillips Ltd., London, U.K., which was the Holding Company of Godfrey Phillips India Ltd. till the issue of shares to the Indian public during 1975. As a result of acquisition of Godfrey Phillips Ltd., London, U.K. as above, Philip Morris Inc. through its wholly owned subsidiary, Philip Morris Finance Corporation became the Holding Company of Godfrey Phillips India Ltd. After the public issue in 1975, offer for sale to Indian public in 1979 and a rights issue in 1981 the shareholding of Philip Morris Finance Corporation in Godfrey Phillips India Ltd. came down to the present level of 25%.

Philip Morris Inc. joined hands with the K. K. Modi Group in 1979.

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