New Delhi, March 26 -- Amrut Distilleries Pvt Ltd, best known for its namesake single malt whisky, is making a bold bet on rum with the recent launch of what it calls the world's first single-jaggery rum.

The 75-year-old company has been expanding its domestic footprint steadily, with its whiskies now being sold over 20 states. The company expects to close its gross revenue at Rs.550 crore this year (excluding duties which account for another Rs.1,300 crore), growing 14% over last year's Rs.480 crore.

"Projections for the next fiscal also suggest that we should be growing at a CAGR of 10% at least," joint managing director Thrivikram G. Nikam told Mint.

The company began producing its single malt whiskies in 2004, when demand in India ...