He is from family of traders He did his Schooling from St. Paul’s High SchoolBelgaumElectronics & Communication Engineering from gogteinstitution of technology.PGDM from IIM A in 1994
He has rich experience in small-scale industry, theagriculture sector and the rural economyMr. Narendra Madhusudan Murkumbi is a Promoter ofMurkumbi Bio agro Pvt. Ltd.Mr. Murkumbi is the Co-founder of Shree Renuka SugarsLimited and serves as its Managing Director. Mr. Murkumbis’ 46.87 per cent stake in SRS is worthabout Rs 1,698 crore He served as Director of ICICI Bank Ltd. from January 20,2006 to June 28, 2010.He served as a Director of ICICI Securities Ltd.
Economic Times awards corporateexcellence award 2010, to NarendraMurkumbi, .
Mr. Murkumbi Won TiE leadership award TiE is non profit global network of entrepreneurs to foster entrepreneurship and nurture.Ranked 93rd in recent 2009 Forbes India rich list
Founded by Narendra and vidya Murkumbi in theyear 1998.SRSL offered farmers to buy at least 500 SRS shares atRs 10 each, 9,900 farmers bought the stockSince then, Murkumbi has turned the company into afully integrated sugar maker with power generation andrefining capacities.It has also become a major merchant exporter of sugarand is setting up a 2,000 tonnes per day sugar refinery inHaldia — the largest in India — primarily for exports.
SRSL listed in BSE 2005, Renuka listed at a price ofRs 285 while the farmers had bought shares at Rs 10each.SRS’ growth (in the last three years, sales havegrown from Rs 152.34 crore to Rs 673 crore, and netprofit from Rs 2.36 crore to Rs 40.73 crore)SRS attracted investors. Foreign investors, likeCarlson Fund, have bought 12 per cent of SRS andthe company’s market cap is among the highest inthe sector.
SRSL possesses India’s largest sugar refining capacity of1400 tons per day. SRSL is the fifth largest sugar manufacturer
SRS now buys over Rs 2 crore worth of cane every dayfrom 50,000 farmers,” Renuka is a Rs 2,234 crore company today with adomestic crushing capacity of 35,000 tonnes a day spreadover eight units and a refining capacity of 4,000 tonnes adayAs on September 30, 2009, the company had a cashreserve of Rs 491 crore, SRSL is one of the largest and fastest growing sugarcompany in India.
Company created Shree Renuka Sugars DevelopmentFoundation, a trust working in the field of education,healthcare and hygiene Company created a trust called Shree Renuka Sugars Employee Welfare Trust to service education, health, recreation, financial and social requirements.The Company created schools for the children of caneharvesters who travel a long distance during the caneharvesting period
Scholarships are provided to deservingstudents, especially the girl child.Primary healthcare facilities were madeavailable at all plant locations. Multi bed hospitalin Belgaum.