Euro Fruits Private Limited is a company with limited liability incorporated under Indian Companies Act in May 1993. The Company is a fully family owned enterprise of the Agrawal family.
The Company is born out of passion on the part of Mr. Nitin Agrawal to make a mark for himself in what was at the relevant time a sunrise industry in which India seemingly had natural advantages. Mr. Agrawal's passion was aided by the convictions about the potential of India based agro export operations on the part of Mr. Bharat Thosar, a qualified chartered accountant, who joined the top management team of Euro Fruits in its early stages. Mr. G.M. Agrawal, father of Mr. Nitin Agrawal and Chairman of the Company provided the much-needed morale strength to the newborn.
Mr. Nitin Agrawal received his formal training on post harvest management of horticultural products at the University of California, Davis. The post harvest management facility set up by the Company in 1993 was funded by the United States Agency for International Development (USAID) under its Agricultural Commercialization and Enterprise (ACE) project, implemented in India by leading development finance institution ICICI. Right from the word go, the accent of Euro Fruits was on setting up globally comparable infrastructure and processes. The post harvest facility is based at Vadner Bhairav in Nasik district, in the heart of grape capital of India, about 160 kilometers from Bombay. The facility is the largest post harvest management unit with packhouse, two precooling chambers and two cold storages. Apart from this self owned facility in Nasik, the Company also leases in four processing units in Sangli region.
Euro Fruits has always been in the fore front in committing resources for visiting a number of fresh produce operations in South Africa, the USA, Europe and Australia and attending to most trade-related events like PMA, Fruit Logistica, Fine Food, Eurepgap conference etc Mr. Nitin Agrawal has been invited as speaker in a number of produce conferences and workshops organized by Eurofruit magazine, Asiafruit magazine etc. The Company's in-house library of global produce trade related technical and commercial books/ journals is often referred by trade experts, research scientists as well as government institutions in India.
In the initial years, the Euro Fruits infrastructure was regularly audited by the UK supermarkets, visited by the USDA officials and was adjudged as one of the best in Asia by the Natural Resources Institute, UK. Euro Fruits methodical, long term, quality centered approach was rewarded by Indian government in the form of APEDA awards year after year, as top table grape exporter of India.
Euro Fruits promoters' approach is to re-deploy all internal accruals in the Company, year after year. The Company is totally debt free today with the record of pre-paying all its debt commitments ahead of the sanctioned period. The Company has no associate/ group concerns etc.