Suminter India Organics Pvt Ltd: Market Research Report
Company Overview
Suminter India Organics Pvt Ltd, headquartered in Mumbai, is a prominent producer and exporter of 100% certified-organic, non-GMO products. Established in 2003, the company collaborates with over 80,000 farmers across nine Indian states to manage around 200,000 acres of farmland. Renowned for bridging the gap between small Indian farmers and international markets, Suminter provides a vast range of organic and natural goods, including spices, herbs, oilseeds, cereals, and cotton. These products are processed in world-class facilities, ensuring high levels of food safety compliance and traceability from farm to table. Suminter is among the few Indian companies exporting Fair Trade goods internationally.
Leadership and Key Figures
The leadership at Suminter India Organics is spearheaded by founder and director Sameer Mehra. Recognized for his entrepreneurial spirit, Mehra has a strong academic background from Emory University and has been instrumental in guiding the company's commitment to quality control and sustainable practices. Key leaders supporting the firm's mission include:
- Jyotsna Jena, a vital HR leader.
- Hemant Rajora, the Financial Controller.
- Sajiet Nanda, Vice President, Finance & Accounts.
These leaders are committed to upholding the company's social, economic, and environmental values.
Operations and Impact
Suminter's business model centers around ethical sourcing, fair trade, and sustainability. Its operations are dedicated to enhancing the social and economic conditions of Indian farmers while actively contributing to community empowerment. The cultivation practices prioritize the use of renewable resources, preserving soil and water quality for future generations. The company's resilient approach ensures stringent adherence to global quality and certification standards.
Financial Insights
Suminter India Organics maintains a robust financial profile with estimated annual revenue of $71.2 million and employs 422 individuals, reflecting a 10% annual growth rate. It generates approximately $168,750 in revenue per employee. The company is involved in active fundraising efforts, attracting investments from organizations such as responsAbility Investments AG, and plans to raise between $50 and $55 million to fuel further growth. As a significant player in the organic food export market, Suminter is focused on expanding its international footprint.
Strategic Vision
The strategic vision of Suminter India Organics revolves around maintaining its leadership in the organic product market through ongoing innovation and advanced infrastructure. Its integrated supply chain operations offer full transparency and traceability, providing a competitive edge in the global arena. The company is steadfast in its commitment to long-term sustainability goals, aiming to expand its impact while simultaneously protecting the ecosystem and promoting community welfare.
Key Competitors
Suminter India Organics operates within a competitive landscape featuring companies such as Vahdam Teas, Licious, and EatTreat, along with Two Brothers Organic Farms, Natureland Organics, and Conscious Foods. These competitors engage in various sectors of the organic food and textile markets both in India and abroad. Key competitor insights include:
1. Vahdam Teas
- Revenue: $30.9 million
- Employees: 213
- Annual Growth Rate: 5%
- Total Funding: $62.3 million
2. Licious
- Revenue: $412.6 million
- Employees: 2,183
- Annual Growth Rate: 42%
- Total Funding: $530.5 million
3. EatTreat
- Revenue: $1.3 million
- Employees: 16
- Annual Growth Rate: 7%
Recent Developments and Industry Position
Suminter India Organics has cemented a prominent position in the organic food industry both domestically and internationally. It continually expands its product offerings and integrates innovative practices within the organic farming sector to meet the rising global demand for organic products. The company not only drives economic gains but also contributes significantly to environmental and social sustainability, reinforcing its commitment to sustainable development. With rigorous quality control and committed efforts toward advancing the economic conditions of small and marginal farmers, Suminter remains a transformative force within the organic industry.
