When Shree Renuka Sugars acquired two ailing sugar mills in Brazil two years ago, it was hailed as an astute move. Today, the aggression looks a tad foolhardy. And Narendra Murkumbi is fighting to prove his detractors wrong
One of the undiluted pleasures of being a business journalist in a growing market like India is the opportunity to unearth high-performance enterprises that no one has heard of, and in spaces you wouldn’t expect. More than two-and-a-half years ago, we had unveiled our first instalment of Hidden Gems, where we featured 10 businesses that had managed to create wealth and jobs in businesses that were, frankly, on no one’s radar, and in spaces as varied as coal tar pitch, cooling solutions, water desalination, building truck bodies, and even water treatment.
(This story appears in the 09 November, 2012 issue of Forbes India. To visit our Archives, click here.)