Godfrey Philips India Limited (GPIL), promoted in December, 1936 by Godfrey Philips, London, has business presence in manufacturing of cigarettes, chewing products & tobacco products, trading of cigarettes, tobacco products, tea & other retail products. Godfrey Philips India (GPIL) is now a part of KK Modi Group of companies. Phillips Morris, a major cigarette producer in the world acquired full ownership in GPIL through its wholly owned subsidiary Phillips Morris International Financila Corporation (PMIFC). Then in 1979 PMIFC along with five other Non-resident Foreign Shareholders reduced their shareholding in GPIL to a level not more than 40%. Presently Phillips Morris holds 25.10% stake in GPIL. The major Cigarette bra