Narendra murkumbi biography graphic organizer

MUMBAI | NEW DELHI: His penchant for spotting and lapping up troubled assets has already earned him the sobriquet ‘the LN Mittal of Indian sugar’.

True to that, Narendra Madhusudhan Murkumbi, co-founder and MD of Shree Renuka Sugars, has set a simple goal for his firm: to be the world’s biggest sugar company.

First source solutions company profile

First source solutions company profile

Mr Narendra Murkumbi.

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NARENDRA PAL SINGH.

Narendra Properties Ltd. Narendra Properties Group, INEF Murkumbi Group, INEN , , RAYBAN SUN OPTICS.

“I think we are within striking distance,” he told ET from his hotel room in Sao Paulo, Brazil, on Monday after announcing the acquisition of Equipav — Brazil’s seventh-largest sugar and alcohol company.

Murkumbi, 39, is the master of makeover.

Instead of setting up new factories, he acquires old and preferably ailing sugar mills, or leases them if buying is not a possibility. Out of his eight factories in India, seven have been acquired from a slew of owners that range from state governments, cooperatives, public sector and private companies.

This inorganic growth catapulted the engineering graduate f