Sarveshwar Foods Secures $5.84M Basmati Rice Order from US Company

Sarveshwar Foods informed the exchanges that it has secured an export order to supply 5,350 Metric Tons (MT) of premium Basmati rice to I SIFOL LLC, one of the USA’s most prestigious distributors.

This order is valued at USD 5.84 million (~₹498 million), highlighting the company’s global reputation for quality and consistency.

Established in 2008 and headquartered in New York, I SIFOL LLC boasts a robust national distribution network across the United States, catering to over 1,000 ethnic retail outlets and 1,500 ethnic restaurants. The company also has a growing presence in mainstream supermarkets and club stores. I SIFOL LLC adheres to strict compliance standards set by key U.S. agencies, such as the USDA and FDA, ensuring the quality and safety of all its products.

Sarveshwar Foods has consistently been recognised as a top-rated supplier by I SIFOL LLC, securing repeat orders due to its commitment to excellence, timely deliveries, and product consistency.

Commenting on the achievement, a spokesperson from Sarveshwar Foods stated, “We are thrilled to have secured this major export order with I SIFOL LLC. This order underscores the trust and confidence I SIFOL places in Sarveshwar Foods, driven by our dedication to maintaining the highest standards of quality and service. We are proud to strengthen our partnership with I SIFOL and to continue our global expansion as a leader in the Basmati rice industry.”

Expanding Horizons with Premium Nimbark Brand Organic Products

In addition to the recent export deal, Sarveshwar Foods is actively pursuing opportunities to expand its premium organic product portfolio under the Nimbark brand. The company is in advanced discussions with I SIFOL LLC and other leading retail and supermarket chains in the USA and beyond. The Nimbark brand, celebrated for its authenticity, sustainability, and superior quality, aims to meet the growing demand for healthy, sustainably sourced food among both the Indian diaspora and global consumers.

Sarveshwar Foods plans to introduce a wide range of organic products, including Basmati rice, pulses, and other pantry staples, to a broader audience. By collaborating with top-tier retailers, the company is dedicated to making nutritious, flavorful, and certified organic products more accessible to families worldwide.

As part of its New Product Development (NPD) strategy, Sarveshwar Foods is preparing to launch innovative products that cater to the increasing global demand for healthier and diverse food options. These efforts reflect the company’s commitment to delivering high-quality products while enhancing its presence on the international stage. Through innovation and strategic partnerships, Sarveshwar Foods continues to reinforce its leadership in the food industry, ensuring sustained growth and success.

On December 6, 2024, Sarveshwar Foods share price opened at ₹10.03, touching the day’s high at ₹10.51, as of 11:43 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.