Sarveshwar Foods Limited (SFL) has announced a significant achievement for its wholly-owned subsidiary, Green Point Pte. Ltd., based in Singapore. The subsidiary has secured a substantial 12,000 MT order for Indian Long Grain Parboiled Rice from Monarda Commodities Pte. Ltd., valued at approximately Rs. 445 million. This order is expected to contribute significantly to the company’s annual revenue target, aligning with Green Point’s goal of reaching Rs. 2000 million in revenue for the fiscal year 2024-25.

The successful acquisition of this order is part of Green Point Pte. Ltd.’s strategic efforts to expand its market share in the growing global demand for rice-based products, particularly in the gluten-free segment. With global rice demand rising due to health-conscious trends, including a preference for gluten-free diets, Sarveshwar Foods is well-positioned to capitalize on these market opportunities.

In an official statement, Rohit Gupta, Chairman of the Sarveshwar Group, expressed his optimism about the growth prospects of the subsidiary, stating, “We are excited about this significant order and are confident that Green Point will contribute significantly to our global business. With the growing preference for healthy, gluten-free products, we are on track to achieve our revenue goals for this year.”

Sarveshwar Foods has long been a trusted name in the rice industry, with a strong foothold in both the domestic and international markets. The company’s focus on quality and innovation has helped it secure a reputation for excellence in rice production, particularly in the premium segment. The growth of the global rice market, projected to grow from USD 226.36 billion in 2023 to USD 361.41 billion by 2031, offers a fertile ground for further expansion.

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Green Point Pte. Ltd. was recently acquired by Sarveshwar Foods and serves as a critical gateway for the company’s international expansion. By tapping into the global rice market, Sarveshwar Foods aims to strengthen its position as a leader in the export of high-quality rice products. The completion of the 12,000 MT order by December 31, 2024, marks a pivotal moment in the company’s international operations and sets the stage for even greater success in the coming years.

For Sarveshwar Foods, this order is a major step toward achieving its overall revenue goal of Rs. 10,000 million (Rs. 1000 Crores) for FY 2024-25, with contributions from its subsidiaries. The company’s commitment to quality and growth in organic and premium rice products, sold under the brand NIMBARK, positions it for continued success in the food export industry.

About Sarveshwar Foods: Sarveshwar Foods Limited (SFL) is an ISO 22000:2018 and USFDA certified company, with a focus on manufacturing, processing, and marketing both branded and unbranded rice products. Headquartered in Jammu & Kashmir, SFL has built a sustainable legacy over 130 years in the rice industry. With a strong presence in the organic segment, the company sells its products through multiple channels, including conventional retail, online platforms, and Nimbark Foods retail outlets.

SFL is also the first private sector food company in Jammu & Kashmir to be listed on the NSE and BSE, under the symbols SARVESHWAR and Scrip Code 543688, respectively.

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