Star of BelgaumNarendra Murkumbi

BY, RAVINDRA

About Narendra Murkumbi

He is from family of traders

He did his Schooling from St. Paul’s High School Belgaum

Electronics & Communication Engineering from gogte institution of technology.

PGDM from IIM A in 1994

He has rich experience in small-scale industry, the agriculture sector and the rural economy

Mr. Narendra Madhusudan Murkumbi is a Promoter of Murkumbi Bio agro Pvt. Ltd.

Mr. Murkumbi is the Co-founder of Shree Renuka Sugars Limited and serves as its Managing Director.

Mr. Murkumbis’ 46.87 per cent stake in SRS is worth about 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.

Awards and recognition

Economic Times awards corporate excellence award 2010, to Narendra Murkumbi, .

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

Introduction to Shree Renuka Sugars

Industry : Sugar

Founded : 1998

Founder(s): Narendra Murkumbi & Vidya Murkumbi

Corporate office: Mumbai, Maharashtra,Head quarters: Belgum , Karnataka

Revenue : 2,239.80 Cr

overview

Founded by Narendra and vidya Murkumbi in the year 1998.

SRSL offered farmers to buy at least 500 SRS shares at Rs 10 each

, 9,900 farmers bought the stock

Since then, Murkumbi has turned the company into a fully integrated sugar maker with power generation and refining capacities.

It has also become a major merchant exporter of sugar and is setting up a 2,000 tonnes per day sugar refinery in Haldia — the largest in India — primarily for exports.

SRSL listed in BSE 2005, Renuka listed at a price of Rs 285 while the farmers had bought shares at Rs 10 each.

SRS’ growth (in the last three years, sales have grown from Rs 152.34 crore to Rs 673 crore, and net profit from Rs 2.36 crore to Rs 40.73 crore)

SRS attracted investors. Foreign investors, like Carlson Fund, have bought 12 per cent of SRS and the company’s market cap is among the highest in the sector.

SRSL possesses India’s largest sugar refining capacity of 1400 tons per day.

SRSL is the fifth largest sugar manufacturer

SRS now buys over Rs 2 crore worth of cane every day from 50,000 farmers,”

Renuka is a Rs 2,234 crore company today with a domestic crushing capacity of 35,000 tonnes a day spread over eight units and a refining capacity of 4,000 tonnes a day

As on September 30, 2009, the company had a cash reserve of Rs 491 crore,

SRSL is one of the largest and fastest growing sugar company in India.

CORPORATE SOCIAL RESPONSIBILITY

Company created Shree Renuka Sugars Development Foundation, 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 cane harvesters who travel a long distance during the cane harvesting period

Scholarships are provided to deserving students, especially the girl child.

Primary healthcare facilities were made available at all plant locations. Multi bed hospital in Belgaum. 

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