Sula Acquires Chandon Wine Facility For ₹20 Crore, Plans Resort
Sula Vineyards acquires Chandon's 19 acre wine estate in Nasik, is expected to develop a resort and turn it into another landmark wine tourism destination.
By Suman Tarafdar
Sula Vineyards Limited, India’s largest wine producer, today announced the signing of a definitive agreement to acquire Chandon’s wine production facility and estate in Dindori, Nashik.
The deal is valued at ₹20 crore plus applicable taxes and other statutory levies, according to the brand.
“It is a world-class wine estate in Dindori, Nashik that we had a chance to acquire at a very attractive price,” says Rajeev Samant, Founder & CEO of Sula Vineyards. “The estate has a top-of-the-line highly advanced winery of 4.5 lakh litres with a premium visitor centre, tasting room and lush vineyards surrounding the property. So, we see a strong potential to develop a beautiful resort at the estate and turn it into another landmark wine tourism destination.”
The deal is expected to close by end of Q1 FY27, subject to completion of regulatory approvals.
Rajeev Samant, Founder & CEO, Sula Vineyards.
The transaction
The transaction structured as an asset purchase agreement, covers land, building, and winemaking infrastructure, while excluding all brand-related assets. The acquisition is being undertaken through the company’s wholly owned subsidiary, Artisan Spirits Private Limited (ASPL) and is expected to close by end of Q1 FY27, subject to completion of regulatory approvals. Following completion, Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio, with no ongoing use of the Chandon brand.
“This is a once in a lifetime opportunity to acquire a truly world-class estate,” says Samant. “When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value. Dindori is widely regarded as the home of India’s finest wine grapes, and this acquisition strengthens our presence here. Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally attracting over 3 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.”
The estate comprises a highly advanced wine production facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres. Chandon was producing premium lines such as Brut and Rosé, utilising méthode traditionnelle with local grapes.
The operations
Sula will commence operations of the existing hospitality facilities and tasting room upon handover, ensuring continuity, it said in a statement. Sula will produce some its Elite and Premium wines at this site says Samant.
The property also features an ultra-premium visitor centre, a banquet facility, and five acres of vineyards, offering a premium immersive wine tourism platform.
Samant says this acquisition was not done to enhance Sula’s capacity. “It’s done more keeping in mind the estate’s wine tourism potential especially with development of new resort.”
Sula is expected to leverage its existing winery, which is located a little over 20 kilometres from Chandon winery. Moreover, proximity to Sula’s existing wineries in Dindori enables seamless operational integration.
The estate’s strategic location offers key advantages. It is located just a 20-minute drive from Nashik Airport, which is expected to see increased air traffic and enhanced connectivity ahead of the upcoming Kumbh Mela.
Sula Vineyards Limited is India’s largest wine company, commanding over 50% of the domestic premium wine market. With a diverse portfolio of over 50 labels.
Sula’s Nashik campus is the most visited vineyard destination globally, attracting over 3.5 lakh visitors annually. Its hospitality portfolio includes three luxury resorts in Nashik—The Source, Beyond, and our newest addition The Haven—with a combined 154 keys. The company also operates four standalone wine-themed restaurants and tasting rooms, co-located with wineries in Nashik and near Bengaluru, Karnataka.
