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profile of Narendra murkumbi, CEO of Renuka sugars ltd.. BELGUM

profile of Narendra murkumbi, CEO of Renuka sugars ltd.. BELGUM

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  • 1. BY, RAVINDRA
  • 2. He is from family of traders He did his Schooling from St. Paul’s High SchoolBelgaumElectronics & Communication Engineering from gogteinstitution of technology.PGDM from IIM A in 1994
  • 3. He has rich experience in small-scale industry, theagriculture sector and the rural economyMr. 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.
  • 4. Economic Times awards corporateexcellence award 2010, to NarendraMurkumbi, .
  • 5. 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
  • 6. Industry : SugarFounded : 1998Founder(s): Narendra Murkumbi & Vidya MurkumbiCorporate office: Mumbai, Maharashtra,Head quarters: Belgum , KarnatakaRevenue : 2,239.80 Cr
  • 7. 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 stockSince 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.
  • 8. 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.
  • 9. SRSL possesses India’s largest sugar refining capacity of1400 tons per day. SRSL is the fifth largest sugar manufacturer
  • 10.  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 adayAs 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.
  • 11. 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
  • 12. Scholarships are provided to deservingstudents, especially the girl child.Primary healthcare facilities were madeavailable at all plant locations. Multi bed hospitalin Belgaum.

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