Narendra Murkumbi World Economic Forum Narendra murkumbi is vice chairman and managing director of shree renuka sugars limited. he founded the company in 1998, starting with equity that was partly funded by local sugarcane farmers where the first factory was set up. in the last 12 years, shree renuka sugars has become a fully integrated sugar manufacturer, which also has large power generation, ethanol and sugar refining capacities. Forty eight year old narendra murkumbi is different from his counterparts in the sugar industry. unlike most businessmen running the top sugar companies, murkumbi happens to be a first generation entrepreneur who set up one of the most profitable sugar firms along with his mother, vidya murkumbi.
Narendra Murkumbi Md Renuka Sugars Quits All About Belgaum A lot of sugar companies, big and small, will be heading for nclt in the next 18 months, says narendra murkumbi of shree renuka sugar ing to shree renuka, murkumbi says they are allotting shares to wilmar as well as the banks to settle debt which has been reduced to rs 2000 crore. Narendra madhusudan murkumbi was the founder of shree renuka sugars ltd. (founded in 1995) and held the title of non executive director from 2018 to 2019. currently, mr. murkumbi is the vice chairman of ravindra energy ltd., director of indian sugar exim corp. Between march and july 2010, narendra murkumbi acquired two sugar companies in brazil in what was then hailed as a pioneering move. the twin debt funded deals have now forced him to sell a stake. Learn about the rags to riches story of narendra murkumbi, a billionaire entrepreneur from belgaum who built a sugar empire with 9,900 cane farmers. he is also a director of icici bank and a member of the committee for sugar exports.
Comments are closed.