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Company
:
Saraf Foods Ltd.
Location
:
Baroda
Promoters
:
Promoted by Mr. Suresh Saraf, a mechanical Engineer and a first generation entrepreneur.
Business
:
The company processes vacuum freeze-dried fruits and vegetables using indigenous equipment. Freeze drying is a special dehydration technique whereby the moisture content of the product is reduced to less that 4% by the process of sublimation under vacuum. Freeze drying is the premium technology for food preservation and is the most preferred food preservation technique the world over, even in the advanced countries.

 
  Value-addition by GVFL  
 
GVFL involved professionals from Bio-Medical Group of Bhabha Atomic Research Center to help introduce this new technology in India.
GVFL provided help for early registration of the company and for getting necessary government approvals
GVFL assisted in development of samples and assessing the market potential.
GVFL shared its experience of project execution, for speedy implementation.
GVFL negotiated with IBP and other suppliers of plant & machinery on behalf of the company.
GVFL helped by networking with Central Food and Technological Research Institute (CFTRI) for preparing samples of the products.
GVFL helped the company in raising additional finance.
Subsequent to Onion crisis, GVFL was the only institution, which supported the company. It also sanctioned a soft loan to enable the company to emerge from liquidity crisis.
The company successfully turned around with active guidance and support of GVFL. The company improved significantly on parameters like productivity and quality.
Encouraged Corporate Governance practices and streamlining of systems and processes.
 
     
  Achievements of the company  
 
It is the first company in India to process Vacuum Freeze Dried fruits and vegetables using indigenous equipment.
   
Status
The company turned around even after major setbacks due to consistent support by GVFL. Partial exit has been made from the company by way of Promoter buy back.

Email : info@saraffoods.com
Websites : http://www.saraffoods.com
 
     
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