KRBL (company)
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| Company type | Public company |
|---|---|
| NSE: KRBL BSE: 530813 | |
| Industry | Rice |
| Founded | 1889 in Lyallpur, British Raj |
| Founders | Khushi Ram, Behari Lal[1] |
| Headquarters | , |
Key people | Anil Mittal (Chairman and Managing Director) |
| Website | www |
KRBL Limited is an Indian company that produces and exports rice. It is the world's largest rice miller,[1] with its India Gate brand of basmati rice being the largest selling rice brand in India as well as the largest exported basmati rice brand in the world.[2][3][4] The company exports rice to over 80 countries;[5] about 75% of its export revenue comes from the Middle East countries, as of 2018.[6]
History
KRBL was founded in 1889 in Lyallpur by two brothers–Khushi Ram and Behari Lal; the company name is an acronym of their names. It was initially set up as a cotton-spinning business, which had additional areas of interest in banking, textiles and production of rice. After the partition of India, the family settled in Delhi and worked as trade agents of rice and oil in the city's Naya Bazaar area. It became a rice-only business in the 1970s, began exporting rice in 1985 and set up its first rice manufacturing unit in Noida in 1992. It became one of the leading exporters of basmati rice by 1990s and issued its initial public offering in 1995. In 2003, KRBL became the first Indian rice company to receive foreign investment, and three years later, it issued a GDR for US$13 million.[1][7][8]
In 2003, KRBL acquired a 65-acre rice plant near Dhuri for ₹15.8 crore through a court auction. After upgrading the facility at a cost of ₹200 crore, it became the largest rice milling plant in the world. [9][10]
See also
References
- ^ a b c "Returns On Rice: The Making Of India's Biggest Basmati Exporter". Forbes India. Retrieved 6 December 2020.
- ^ Mitra, Sounak (7 July 2017). "India's largest selling rice brand is now a zero-tax product". mint. Retrieved 6 December 2020.
- ^ "Indian rice miller eyes expansion as Gulf demand grows". Arabian Business. Retrieved 6 December 2020.
- ^ "India's Pride". Outlook Business. Retrieved 6 December 2020.
- ^ "KRBL Ltd". Business Standard India. Retrieved 6 December 2020.
- ^ Mathew, James (11 October 2018). "New Indian products from KRBL set to hit UAE shelves". Arabian Business. Retrieved 6 December 2020.
- ^ Modi, Ajay (16 November 2017). "India gets its first basmati billionaire family". Business Standard India. Retrieved 6 December 2020.
- ^ "Anil Mittal has played a key role in transforming basmati trade". Business Today. Retrieved 6 December 2020.
- ^ "KRBL bets on plant upgrade for growth". The Telegraph. Retrieved 6 December 2020.
- ^ "Adding a regional flavour". Business India. Retrieved 6 December 2020.
Category:Rice organizations Category:Food and drink companies established in 1889 Category:Companies based in Noida Category:Indian brands Category:Food and drink companies of India