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Financial Chronicle
December 13, 2010
RIDING high growing preference for organic products, Organics
India, one of the largest exporter of organic foods and medicines
in India, expects its turnover to grow 75 per cent next year with
a host of new offerings over and above its globally acclaimed organic
tulsi based infusions.
"By clocking a Rs 60 crore turnover this year, we have managed
to achieve the break even point three years after we launched our
commercial operations. Next year we plan to take up our turnover
to Rs 100 crore, and then target Rs 200 crore in next three years,"
said Krishan Gupta, global CEO and managing director, Organic India.
This year, the company has launched three to four new medicinal
supplements based on herbs, introduced an organic chyawanprash in
global markets and has invested $6 million in a mango dehydration
plant in Rajasthan.
"We have also added organic commodities such as spices, pulses and flower petals for both India and markets abroad. Our cosmetic line is almost ready and we will be in a position to launch it by next financial year. We foresee big revenue numbers from this sector too," Gupta said.
Ginger and amla-based candies are going to be the new commercial offerings from the company in the next few months, followed by organic hair oil and massage oil. Its contract farming model that engages about 24,000 farmers in the organic farming sector, is also leveraging its supply chain from Uttar Pradesh, Rajasthan, Gujarat, Madhya Pradesh and most recently from Maharashtra.
In Bundlekhand, the company tied up with farmers for managing 1,000 cows for extracting raw material for its organic ghee. "We are hopeful that our CAGR of nearly 80 per cent would be maintained as fresh investments of up to Rs 200 crore are deployed. We may consider an equity listing for the purpose as well," he said.
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