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This profile was last updated on 7/18/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Ramakrishna Karuturi

Wrong Ramakrishna Karuturi?

Managing Director

Phone: +91 **********  
Local Address:  Ethiopia
Karuturi Global Limited
204 Embassy Centre 11 Crescent Road
Bengaluru , Karnataka #VALUE!
India

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

Employment History

Education

  • MBA
    Case Western Reserve University
  • Bachelors’ degree , Mechanical Engineering
    Bangalore University
  • Bachelor's degree , Computer Engineering
  • Bachelors' degree , Mechanical Engineering
    Bangalore University
175 Total References
Web References
karuturi.com - Board of Directors
www.karuturi.com, 18 July 2015 [cached]
Sai Ramakrishna Karuturi
...
Sai Ramakrishna Karuturi
Managing Director
Sai Ramakrishna Karuturi is the Founder and Managing Director of Karuturi Global Ltd. Under his dynamic leadership, Karuturi Global has become the world's largest producer of cut-roses by identifying Kenya & Ethiopia as a hub for cultivation and export of roses.
...
Mr. Sai Ramakrishna Karuturi holds a Bachelors’ degree (Rank Holder) in Mechanical Engineering from Bangalore University and an MBA (Dean’s Honor) from Case Western Reserve University, Ohio.
...
Ms. Karuturi has been involved in managing the company since its inception. She aids Mr. Sai Ramakrishna Karuturi in realising Karuturi Global's overseas expansion plans.
Ms. Karuturi holds a Bachelor's degree in Computer Engineering.
Karuturi Chief Executive ...
www.justconservation.org, 1 May 2011 [cached]
Karuturi Chief Executive Officer Sai Ramakrishna Karuturi said reports claiming the government reduced the concession "are completely baseless".
Themes: Poverty, Human rights, Parks, Indigenous people
"The amendment, which reduced the concession by two-thirds to 100,000 hectares (247,105 acres), was made in consultation with Bangalore-based Karuturi six months ago, Esayas Kebede, head of the Agriculture Ministry's land investment support directorate, said.."
Major Loopholes in Land Lease Contracts Raise Many Questions
www.anyuakmedia.com, 12 May 2011 [cached]
The next day, Karuturi's Chief Executive Officer Sai Ramakrishna Karuturi denied it in a press release; http://www.solidaritymovement.org/downloads/110510KaruturiGlobalDeniesReports.pdf asserting that the reports were completely baseless; making the stock surge upwards in a fast recovery. At the same time, the previously non-public Karuturi contract was posted on the FDRE website; which seemed to infer in Article 3.6 that Karuturi may have been right. Under Rights of the Lessee it states that Karuturi would have the right to: "Get additional 200,000 ha land upon accomplishing the 100,000 ha within two years as specified in sub article 4.4." In this sub article, it states that "lessee [Karuturi] must develop half of the leased plot of land within the first years. In the FDRE's public statement, made by Esayas Kebede, he acknowledged that Karuturi was meeting this requirement. [ii] http://farmlandgrab.org/post/view/18549
The question here is, why this public spectacle of this dispute between the FDRE and Karuturi when it all apparently came to nothing? Was it to please critics of the land deals? Was it to intimidate Karuturi in some way by using misleading information to influence stock prices-which could be considered a crime under securities law in most countries?
...
Karuturi's signed lease agreement for the first 100,000 ha, they have been given the land for fifty years at a total cost of only 100,000,000 birr ($5,928,758.42 USD); or only $59.28 (USD) per hectare for full use of prime agricultural land.
...
It gives support for police or military action against any resistance: "The lessor [FDRE] shall ensure during the period of lease, lessee [Karuturi] shall enjoy peaceful and trouble free possession of the premises and it shall be provided adequate security, free of cost, for carrying out its entire activities in the said premises, against any riot, disturbance or any other turbulent time other than force majeure, as and when requested by the Lessee."
...
Instead, Karuturi is simply "given the right" to build infrastructure as they want and need.
...
In other words, what incentives do these Ethiopian officials have to not change the rules midstream or to simply terminate a contract in the future, such as with Karuturi and Saudi Star , when another investor might offer them 10, 20, 50 or 100 times more in a few years?
karuturi.com - Home
www.karuturi.com, 18 July 2015 [cached]
Leader Speak: Sai Ramakrishna Karuturi, Founder, Managing Director, Karuturi Global Ltd
India Joins Scramble for African Farmlands
www.egyptiangreens.com [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.
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