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About Daawat Basmati Rice in Plot No 119, Institutional Area, Gurgaon Sector-44, Gurgaon
Headquartered in Gurgaon, LT Foods employ around 900 employees in India and abroad. With net sales of Rs 1790cr in FY’13, it has robust plans to expand its businesses internationally. The company’s flagship brand ‘Dawaat’ launched in 1980’s is now recognized as the leading brand in the industry.The company has a strong nationwide distribution network in the domestic market that sells products such as branded rice, wheat and pulses, healthy snacks, spices and other value-added products like brown flex seeds and cashew nuts.
Initially the company started as a privately held business but in 2006 it got listed in BSE and eventually it has become a professionally managed entity. The company took Ernst and Young on board, which further helped in taking major strategic initiatives. The company has experts with industry acumen on their advisory board who give meaningful insights and recommendations to LT Foods.
The advisory Board and main Board has some of the prominent executives from the corporate world like, Mr.Rajesh Srivastava, CMD, Rabo Equity Advisors, Mr.K.N.Memani, Former CMD, E&Y India, Ms.Radha Singh, Former Secretary of Agriculture, GOI, Mr.J.C. Sharma, Former Secretary Ministry of External Affairs, Sunil Alagh, Former CEO, Britannia, Mr.Abhiram Seth, Former Executive Director, Exports& External Affairs, Pepsico India Holdings (Pvt.) Ltd, Mr.S.C Gupta, Ex. Chairman, Punjab National Bank and Mr.Pramod Bhagat, Lawyer. The company has also hired some of the country’s leading business process consultants, who have improved the operations and reduced their cost significantly.
To enhance its market position, the company has always strived to bring new food products like fast cooking brown rice, and various rice based snacks for its consumers. For backend support, the company has set up a flour mill in Bhopal with an expandable capacity of 300 tonne a month. It has also set up a re-packaging center (RPC) at Khalapur near Panvel in Maharastra.
The company has got many recognitions and accolades for its high quality standards developed in-house. The largest plant of the company situated at Bahalgarh has received ISO 14000 certification by SGS. On the other hand, the company’s Bhopal plant is ISO 22000-2005 certified for “Paddy receiving, processing, packing and dispatch of Rice” by SGS, UK.
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