“It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”
Responding to over two decades of change in a dynamic and an ever-evolving industry, Shakti International Private Ltd. continues to provide class leading import management services for the edible oil industry. As a renowned and trusted brand in India, Shakti holds the distinction of being the first company in the service sector (edible oil imports) in India to hold an ISO 9001-2000 certification for immaculate service (audited by Netherland – based ‘Det Norske Veritas’, one of the prominent and rigorous practitioners of quality certification).
Shakti attained an average service turnover of 500 Crores [AG1] ($110 million) per annum for the last 3 years (2008-2010).Such growth augers well for Shakti when the ICRA report states that the demand for edible oils in India has shown a steady growth at a CAGR of 4.43% over the period from 2001 to 2011.
The growth has been driven by improvement in per capita consumption, which in turn is attributable to rising income levels and living standards. However, the current per capita consumption levels of India are lower than the global average, which implies opportunities for deep market penetration.
Also, there has been a significant gap between demand and supply of edible oil because of limited availability of oil seeds and shifting of acreage to other crops in the domestic market. This gap has been met through imports, which account for almost 45-50% of the total oil consumption. The ICRA expects the high dependence on imported oils to continue in the foreseeable future due to anticipated domestic supply constraints and the high cost competitiveness of imported oils. Thus, Shakti is poised to embrace the changing and challenging future.
As a premium service provider to the world’s second largest edible oil importing country, India – Shakti International Private Ltd. offers a bouquet of class leading services such as :-
We provide trade finance for various medium and large size refineries in the country for import of edible oils.
We specialize in sourcing a wide range of edible oils namely Palm Oils (RBD Palmolein, Crude Palm Oil), Soyabean Oil, Sunflower Oil, Canola Oil, Corn Oil etc. from countries Indonesia, Malaysia, Argentina, Brazil, Ukraine, Russia, USA.
At LIBOR interest rates in the international arena: Buyers’ Supplier’s Credit from banks like HSBC, Bank of America, ING, Bank of New York, Bank of Nova Scotia etc.
International Intermediary Service
We are preferred intermediaries with top class exporters of the world for shipments into India.
Providing advisory services on the Forex movements specializing in rupee-dollar.
We provide Maritime Legal services to our clients through our renowned associates & law companies.
Arranging DEPB and other TR quotas (Tariff Rate Quota) for import of edible oils at concessional rate of import duty from nodal government agencies.
Our in-house research and development team provides real time market info on the technical and fundamental aspects of the world edible oil scenario to enable our clients to take informed decisions.
This is our web based software to provide real time information about the prevailing transactions with our clientele and trade associates. We are the first organisation in the country to provide such a service.
We operate at around 8 ports with storage tank facilities in the country along the east and the west coasts. Shakti has formed a consortium of importers, for the mutual benefit of all by way of economies of scale. The formation of such a consortium was a first in the industry and has been internationally recognized and lauded. Such market differentiation augers well for Shakti when the ICRA expects the high dependence on imported oils to continue in the foreseeable future due to anticipated domestic supply constraints and the high cost competitiveness of imported oils.
Shakti is leaving no stone unturned to meet the challenges and opportunities of the future.
Create supply operations in Malaysia and Indonesia – i.e. procure raw material directly from plantations.
Scout for opportunities to invest in Palm Oil Plantations.
Create markets at strategic or untapped locations in the country.
Nurture and develop these markets for consistent growth to service our next plan i.e. to develop a world-class fully integrated edible oil refinery complex.
Create a value-added brand
With such vigour and aspiration, Shakti International Private Ltd. is striving hard to fulfill its vision to become the most preferred company for sourcing and financing of edible oils into the country.