Sula Vineyards, India’s largest wine producer, has announced the signing of a definitive agreement to acquire Chandon’s wine production facility and estate in Dindori, Nashik.
Sula Vineyards’s agreement with Moet Hennessy India to acquire Chandon’s estate unlocks a high-quality, scalable platform for the company’s next phase of growth. Spread across 19 acres, the estate comprises a highly advanced wine production facility with an annual capacity of 4.5 lakh liters, scalable up to 13 lakh liters.
The property features an ultra-premium visitor center, a banquet facility, and 5 acres of vineyards, offering a premium immersive wine tourism platform. Collectively, these features make it a perfect setting for developing a landmark destination wine resort.
Sula will commence operations of the existing hospitality facilities and tasting room upon handover, ensuring continuity without skipping a beat. Additionally, 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. Moreover, proximity to Sula’s existing wineries in Dindori enables seamless operational integration.
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 (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.
Commenting on the acquisition, Rajeev Samant, founder & CEO of Sula Vineyards said, “This is a once in a lifetime opportunity to acquire a truly world-class estate. 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.”
Sula Vineyards is one of India’s largest wine companies, commanding over 50% of the domestic premium wine market. With a diverse portfolio of over 50 labels spanning multiple price points, Sula has firmly established itself as the market leader in every category of wine.
A pioneer of wine tourism in India, 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.
With wineries across Maharashtra and Karnataka, Sula produces popular wine brands, distributing over 1 million cases annually across India.
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Naresh Khanna – 10 February 2025
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