Success Story of Veendeep Oiltek Exports

For Mr. PM Bhandari, Managing Partner, Veendeep Oiltek Exports, success has not come easy. Considerable experience and ups and down in his niche space have enabled him to truly cherish the prominent position his company enjoys today. His work since 1975 in the area of vegetable oil extraction from soybean, sunflower, groundnut, cotton seed and rice bran, culminated in the formation of his company Veendeep Oiltek Exports in 1994. The company has seen considerable export success since 2000. The company that earned around Rs. 10 crore turnover at the beginning, earns almost Rs. 30 crore now, and the target is set at about Rs. 50 crore for the next 4–5 years. The workforce has grown in tandem, from 10 persons in 1993–94 to 30 people now.