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Olam Company Profile

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Olam
TypePublic company
Traded asSGX: O32
IndustryAgri-business
FoundedNigeria (1989)
HeadquartersSingapore, Singapore
Key peopleLim Ah Doo (Chairman)Sunny George Verghese (CEO)
RevenueIncrease S$32,992.7 million (2019)
Operating incomeIncrease S$1,056.2 million (2019) 
Net incomeIncrease S$498.2 million (2019) 
Total assetsIncrease S$25,670.4 million (2019) 
Total equityIncrease S$6,432.0 million (2019) 
OwnerTemasek Holdings (54%)
Mitsubishi Corporation (17%)
Number of employees41,172 (2019) 
DivisionsOlam Food Ingredients (OFI)
Olam Global Agri (OGA)
Websiteolamgroup.com

Olam is a food and agri-business, supplying food ingredients, feed and fibre to thousands of customers worldwide, from world famous brands to small family run businesses.

In 1989, the Kewalram Chanrai Group established Olam Nigeria Plc to set up a non-oil based export operation out of Nigeria to secure hard currency earnings to meet the foreign exchange requirements of the other Group Companies operating in Nigeria.

The success of this operation resulted in Olam establishing an independent export operation and sourcing and exporting other agricultural products.

The Group’s agri-business was headquartered in London until 1996, and operated under the name of Chanrai International Limited. The business began with the export of cashews from Nigeria and then expanded into exports of cotton, cocoa and sheanuts from Nigeria

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Olam is mainly into businesses such as cocoa, coffee, cotton, nuts and spices.

Olam aim’s to address the challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all their stakeholders. They measure their success by how well we achieve and maintain three key outcomes.

Vision

Olam Vision is to be the most differentiated and valuable global food and agri-business.

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What kind of company is olam?

Established in 1989, Olam is a leading food and agri-business operating across the value chain in more than 60 countries, supplying various products to more than 19,800 customers worldwide.

Olam a good company to work for?

According to Glassdoor, Olam has an overall rating of 3.8 out of 5, based on over 708 reviews left anonymously by employees. 75% of employees would recommend working at Olam to a friend and 74% have a positive outlook for the business.

What does Olam stand for?

ʿOlam (עוֹלָם‎), a Hebrew word which means “world” or “eon”, and which is used in the following Jewish phrases: Adon Olam, meaning “Master of the World,” one of the names of God in Judaism. Tikkun olam (Hebrew: תִּיקוּן עוֹלָם‎), a Hebrew phrase that means, ‘repairing,’ ‘healing,’ or ‘perfecting’ ‘the world. ‘

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Source: Glusea

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