On the back of a vertically integrated supply chain, and world-class R&D and manufacturing facilities, the firm is on its way to becoming a global leader in nutraceutical ingredients.
At their headquarters, on the outskirts of Sonepat in Haryana, the manufacturing facility of Nature Bio Foods looks rather ordinary. Outside, numerous trucks are lined up to ferry the sacks of rice that are being loaded on to them. But inside it’s a different world altogether.
Nobody, including the top management, can even consider going in without full-sleeved jackets, shoe covers, and headgear, and without signing an affidavit stating if visitors have had a fever or any injury in the past few months. Visitors also need to pass through a high-pressure air shower to enter the factory.
“We are very particular about contamination and take every effort to prevent that,” says Rohan Grover, director for global business at Nature Bio Foods. There is good reason for all that vigil. For one, the company claims to account for nearly 75 percent of all organic rice exported from India, a bulk of which is consumed in the US and Europe. “About 99 percent of our business is exports,” he says.
Nature Bio Foods is a subsidiary of LT Foods, which produces the Daawat brand of rice. The company works with nearly 70,000 farmers spread across 14 states and has over 1.1 lakh hectares under cultivation. To put that in perspective, that’s the total land area of Hong Kong.
The company has also forayed into growing soybean, flax seeds, chickpeas, red lentils, and amaranth; it says it contributes about 17 percent of all organic food exported from India. Last year, it raised 140 crore from Rabo Equity Advisors, a food and agriculture-focussed investment firm.
Bu hikaye Forbes India dergisinin August 30, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Forbes India dergisinin August 30, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet