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This profile was last updated on 8/23/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Ramakrishna Karuturi

Wrong Ramakrishna Karuturi?

Chief Executive Officer

Local Address: India
Company Description: Karuturi sells its products to boutique manufacturers and supermarkets across 15 countries namely Holland, Germany, United Kingdom, Italy, Singapore, Taiwan,...   more

Employment History

Board Memberships and Affiliations

166 Total References
Web References
Sai Ram Krishna Karuturi was ..., 23 Aug 2014 [cached]
Sai Ram Krishna Karuturi was appointed as honorary counsel of Ethiopia for Bangalore by government of Ethiopia and government of India and he is heading the Africa committee of Indian Chambers of Commerce and Industry (FICCI). Karuturi has been selected by Indian Prime Minister to serve in the India Africa friendship council.
Karuturi Global CEO Sai Ramakrishna ..., 20 Dec 2013 [cached]
Karuturi Global CEO Sai Ramakrishna Karuturi at his farm in Gambela.
In 2008, Karuturi acquired a 99 year lease for 100,000 ha in Itang and Jokau districts, with an option for a further 200,000 ha if the company succeeded in developing the first lease area. Karuturi has been unable to come close to developing the first 100,000 ha of land, yet nevertheless the company has illegally cleared the entire 300,000 ha, causing serious destruction to locally protected trees, holy sites, and wild animals and destroying local construction materials and blocking water passage routes.
Earlier this year, Karuturi was convicted of tax evasion by the Kenya Revenue Authority due to transfer pricing within its cut flower operations. The company's flower farms in Naivasha, Kenya have not been operating for several months now, and workers have been protesting over unpaid wages. Investigations by ASO show that Karuturi's flower farms in Oromia, Ethiopia, and its farm in Gambela have also ceased operations, and it appears that Karuturi has even removed its tractors and other farm machinery from its Gambela farm.
Speaking to Bloomberg, Sai ... [cached]
Speaking to Bloomberg, Sai Ramakrishna Karuturi, founder and head of Karuturi Global Ltd., said: "We have to be very, very cognisant of the fact that we are dealing with people who are easily exploitable," adding that the company will create up to 20,000 jobs and has plans to build a hospital, a cinema, a school and a day-care centre in the settlement.
"We're going to have a very healthy township that we will build. We are creating jobs where there were none," he said.
Business Leaders in Action: Sai Ramakrishna Karuturi | IGD Blog, 21 Oct 2012 [cached]
Business Leaders in Action: Sai Ramakrishna Karuturi Business Leaders in Action: Sai Ramakrishna Karuturi | IGD Blog
Business Leaders in Action: Sai Ramakrishna Karuturi
By investing in Ethiopia, Sai Ramakrishna Karuturi set the scene for his rise to become the "Rose King," the world leader in rose production. He founded Karuturi Global in 1994 in Bangalore, India and in 2003 expanded his business to take advantage of floriculture opportunities in Ethiopia. Today, Karuturi Global is a top 25 transnational agribusiness. Karuturi is currently expanding his business into cereals, oils and processed foods, with the goal of becoming a complete agriculture production company.
Karuturi Global focuses on having a positive impact on the lives of its employees. The company ensures its employees have good living conditions with electricity and water, healthcare, and free primary and secondary education for each of its 5,000+ employees and their families. In 2008 every student from employee families finished secondary school and over 70% of students went on to college. As the company expands, Karuturi is focusing on ensuring environmental and socio-economic sustainability.
Karuturi brings valuable agricultural experience to the Frontier 100 group of CEOs. His remarkable success in African agriculture has contributed to the development of IGD's agriculture strategy and Karuturi has shared his expertise and experience to make Frontier 100 develop into a valuable knowledge sharing and relationship building platform. Karuturi is currently working with Frontier 100 to improve investor perceptions of Africa and showcase success stories.
Sai Ram Karuturi, a former ..., 10 Oct 2013 [cached]
Sai Ram Karuturi, a former cable shop operator from Bangalore and the founder of Karuturi Global, is one of the leading examples of investors who have been snapping up land in Africa.
Karuturi disputed this allegation. "In regards to the claims of unpaid salaries, we wish to inform you that Karuturi has always been ready and willing to settle any salaries," the company told the website in a statement.
Kenya is not the only country in which Karuturi has been accused of taking advantage of local farmers.
In addition to the human rights issues, Karuturi's Ethiopian operations were hit by major flooding in 2011, which caused it to lose most of its crops, which led to investors dumping shares in the company.
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