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FOOD PROCESSING

HL Agro Products wins Agri Company of the Year for role in agri economy
Thursday, 07 March, 2019, 08 : 00 AM [IST]
Our Bureau, Mumbai
HL Agro Products, a family run agri-food company, has underlined the significant financial & environmental benefits it offers to the Indian economy & food processing industries by winning the “Agri Company of the Year” award at the 2019 News Corp VCCircle awards ceremony held here recently.

The awards recognise the best performing companies and transaction advisors that not only record tremendous growth but also have a long­standing impact on their respective industries and the economy in general. The company was singled out for its contribution to the agricultural economy and efforts towards enhancing the market share of the oilseeds and corn starch commodities at the national and global levels.

The awards, which are the pre-eminent honours for disruptive and fast-growth business in the banking, infrastructure, agriculture, education, private equity and venture capital ecosystem, had prominent international and domestic private equity fund managers, top entrepreneurs, CEOs, limited partners, and other industry stalwarts in attendance this year.

The winners were chosen based on the recommendations of an eminent five-member jury of industry veterans and long-term watchers of business. The jury comprised Keki Mistry, CEO, Housing Development Finance Corporation; Gopal Srinivasan, chairman and managing director, TVS Capital Funds Ltd; Michael Liu, senior VP, Portfolio Advisors; Sameer Garde, president (India and SAARC), Cisco; and Anjali Bansal, founder of Avaana Capital.

The company bagged the award post an intricate performance review against the industry-specific benchmarks and peer group performance. The judges identified the company’s holistic and consummate business strategy and leadership, as well as its clear focus on financing of new business models and innovative technologies, as some key differentiators in selecting it as a winner of the category. It was also judged on the qualitative parameters of brand value, sustainable growth, management quality, product delivery and impact on the industry and the economy.

Speaking on the occasion, Akhilesh Sahu, director of the company, said, “Winning this award is a testament to HL Agro’s consistent growth, our passionate team who deliver world-class ingredient solutions to a global client base of loyal customers and our strong focus on innovation and technology. We are excited to continue our work with a wide range of leading brands across the food industry to help them focus on what matters most—keeping their customers safe and happy.”
 
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