Olam 2024


#39	Olam Nigeria
BSM Index	50.9
YoY	+4
CEO	Sunny Verghese
Year Founded (in Nigeria)	1989
Website	www.olamgroup.com
Head Office	Plot 5 & 6, Abebe Village, Iganmu, Lagos
Nationality	Singapore
Customer Base	–
Number of Branches	–
Annual Turnover	–
Employees	3,350
Marketing Budget	–

Olam International:

Nurturing Global Agriculture, Enriching Communities

Olam International is a world-leading food and agri-business company that has transformed the agricultural landscape, spanning 70 countries and connecting the dots from seed to shelf. With an unwavering commitment to quality and sustainability, Olam serves as a pivotal link, supplying food and industrial raw materials to a vast network of over 23,000 customers worldwide.

Established in 1989 by the visionary Kewalram Chanrai Group, Olam emerged as a non-oil-based export venture in Nigeria. Its mission was twofold: to secure vital hard currency earnings and meet the foreign exchange requirements of sister companies operating in the country. The resounding success of this endeavor propelled Olam to new heights, fostering its evolution into an independent export operation. The company swiftly expanded its reach, sourcing and exporting a diverse array of agricultural produce, from cashew nuts to cotton, cocoa to sheanuts.

A cornerstone of Olam’s legacy resides in its significant contributions to Nigeria’s agricultural sector. The company’s pioneering spirit led to the establishment of one of sub-Saharan Africa’s largest integrated milling systems—a feat that echoes in its production of 36,000 metric tonnes of locally sourced rice, cultivated on a sprawling 10,000-hectare farm.

Olam’s profound impact resonates in every corner of Nigeria’s geography. With over 3,500 dedicated staff spread across the nation’s six geo-political zones, the company masterfully navigates a complex value chain encompassing sourcing, processing, marketing, and distribution. Olam’s unwavering presence shines through its principal business activities, a testament to its versatile expertise:

Olam’s dedication extends beyond business prowess. It is a catalyst for change, recognized by The Rockefeller Foundation.