Balrampur Chini Mills ushers in new era with appointment of Avantika Saraogi as executive director
In a significant development, Balrampur Chini Mills Limited, a prominent name in India’s sugar industry, has appointed Ms. Avantika Saraogi as the Executive Director, effective January 1, 2024. This appointment marks a pivotal moment in the company’s journey towards embracing innovative and sustainable practices in sugar production.
A Legacy of Leadership and Sustainability
Ms. Saraogi, a member of the renowned Saraogi family, is known for her entrepreneurial spirit and commitment to sustainability. The daughter of Vivek Saraogi, Chairman and Managing Director of Balrampur Chini Mills Limited (BCML), she has been actively involved in the family business. Her dedication to reducing the environmental impact of sugarcane cultivation aligns with her vision of a sustainable future in sugar and ethanol manufacturing.
Avantika Saraogi takes charge as executive director at leading sugar producer, Balrampur Chini Mills
Balrampur Chini Mills: A Stalwart in Sugar and Renewable Power
Founded in 1975, BCML stands as one of the largest integrated sugar mill complexes in India. With a market cap of around 8000 crores, the company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It operates ten sugar factories across eastern and central Uttar Pradesh, with a combined sugarcane crushing capacity of 80,000 TCD. Additionally, BCML is engaged in distillery operations and cogeneration of power, with capabilities of 1050 KLPD in distillery and 175.7 MW in cogeneration.
Avantika Saraogi’s Vision and Strategy
In her new role, Ms. Saraogi aims to continue the legacy of her late grandmother, Meenakshi Saraogi. She will be responsible for spearheading various aspects of the business, including cane operations, procurement, grower relations, strategy, technology, and sustainability. Her appointment is seen as a step towards infusing new energy and innovative approaches in the sugar and ethanol industry.
Statements from the Leadership
Welcoming Avantika Saraogi, Vivek Saraogi expressed confidence in her abilities to drive the company forward, emphasizing her innovative approach and commitment to core values. Ms. Saraogi herself shared her enthusiasm and determination to shape a new era for Balrampur Chini Mills, reflecting on the influence of her father and late grandmother.