Olam International - An Indian export to the Singapore Exchange

Olam Intl, a global agri commodity sourcing firm, with strong Indian roots has recieved great response for its listing on the Singapore Exchange - the institutional portion of the float has been subscribed 16 times. and the retail part is yet to open. The firm set up by Sunny Verghese, and the Kewalram Chanrai Group in Nigeria, in 1989, has enjoyed tremedous growth and has become a global multinational in its field. It has largely chosen to bypass India expect for manpower requirement and operates out of Singapore for tax purposes. It is aggresive recruiter in top Indian B-schools and pays quite a lot. It would have been a great addition to the Indian capital markets but i am happy to see Nigeria exporting something other than scams and unrefined crude!