India is one of the largest exporters of rice globally, with the sector playing a crucial role in the country’s agricultural and economic landscape. Leading companies involved in rice exports include KRBL Ltd., LT Foods, Amira Nature Foods, and Sarveshwar Foods, which process and distribute both basmati and non-basmati rice to international markets. These companies ensure high-quality production standards to meet global demand, especially in regions like the Middle East, Africa, and Southeast Asia.
The future of India’s rice export sector looks promising due to the growing global demand for high-quality basmati rice and non-basmati varieties. With advancements in agricultural practices, technological innovations, and government support, the sector is poised for growth. India’s competitive pricing and vast production capacity will further solidify its position as a global rice exporter.
Share Price
The shares of Sarveshwar Foods are currently trading at Rs. 9.88 up by 3.46% from its previous close of Rs. 9.55 as of November 29, 2024. The stock also touched an intraday high of Rs. 9.9
Recent Updates
Sarveshwar Foods, a growing leader in the rice and rice-based food industry, has completed the acquisition of the remaining stake in Natural Global Foods DMCC, a Dubai-based company.
With the final valuation and due diligence reports in hand, and approval from the Board of Directors, Sarveshwar Foods aims to fully integrate Natural Global Foods DMCC as a wholly owned subsidiary by December 31, 2024.
This strategic acquisition strengthens Sarveshwar Foods’ presence in the Middle East, streamlining decision-making, enhancing synergies, and improving operational efficiency in the region. The move is expected to drive accelerated growth, further solidifying Sarveshwar Foods’ position in the global market.
Management Commentary
“We are excited to be moving forward with this acquisition,” said Mr. Rohit Gupta, Chairman of Sarveshwar Foods, “The integration of Natural Global Foods DMCC will not only enhance our ability to serve the increasing demand for premium rice and rice-based food products in the Middle East, but it will also allow us to leverage our expertise in the region more effectively. We are confident that this strategic decision will drive operational efficiencies, accelerate growth in the Middle East, and support our long-term vision of global expansion.”
About the Company
Sarveshwar Foods Limited (SFL) is a USFDA-certified company, also holding BRC, Kosher, NPPO USA & China, and NOP-USDA Organic certifications. Based in the Jammu Region of Jammu and Kashmir, SFL specializes in the manufacturing, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice in domestic and international markets.
With over 130 years of heritage, SFL has expanded its product offerings to include premium FMCG and organic products. SFL’s operations benefit from the fertile, mineral-rich soil and snow-melted waters of the Chenab River, where organic practices replace artificial fertilizers and chemicals. Its organic products, sold under the ‘NIMBARK’ brand, embody the philosophy of a ‘SATVIK’ conscious lifestyle.
Conclusion
Sarveshwar Foods’ acquisition of the remaining stake in Natural Global Foods DMCC is a strategic move that strengthens the company’s presence in the lucrative Middle Eastern market. By fully integrating the Dubai-based subsidiary, Sarveshwar Foods aims to enhance operational efficiency, drive accelerated growth, and solidify its position as a leading global player in the premium rice and rice-based food products industry.
Written By: Dipangshu Kundu
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