CEO Today Africa Awards

www.ceotodaymagazine.com 50 CEO Today Africa Awards 2019 NIGERIA DEEPAK SINGHAL Managing Director / Chief Executive Officer Dufil Prima Foods PLC FIRM PROFILE De United Foods Industries Limited, Noodle Division, started its operation in year 1996 at Ota, Ogun State, is the first instant noodles manufacturing plant in Nigeria and the largest in Africa at that time. DUFIL PRIMA FOODS PLC was incorporated in 2001 as a private limited liability company at Choba, Port Harcourt, Rivers State. Upon completion of a restructuring exercise the company was converted to Public limited company and became the holding company of the group in year 2008. The existence of the facility arises due to the growing demand for the product from the consumers of the region and the nation. The objective is to provide fresh and quality product to the consumers. The Dufil Family is guided by a clear and simple vision statement. We believe in making the well being and satisfaction of our customers the apex of every decision. The quality of our products and the loyalty of our customers are a testimony to the above statement. Dufil Prima Food PLC. started as a joint venture between Tolaram Group of Singapore and Salim Group of Indonesia with a 50:50 shareholding until 2018. As of today, the management of Dufil comprises of Salim Group of Indonesia along with Tolaram Africa Foods Pvt. Ltd. (which is a JV between Tolaram Group of Singapore and Kelloggs’s from United States). Salim Group is the Majority shareholder of PT Indofoods Sukes Makmur, a listed company in Indonesia which owns the Indomie trademark, technology, and expertise in instant noodle manufacturing. TolaramAfrica current business in Nigeria comprises of companies in several business sectors – manufacturing, marketing and sales of consumer goods, carpet products, infrastructure projects, logistics transportation and general trading. The Shareholders, Board of Directors and Management of the Dufil Group recognize the importance of corporate governance. They conduct their business with high regard for the interests of their major stakeholders, namely: consumers, employees, lenders, business partners and the government. Our crave for long term benefits and goodwill builds in us a futuristic mind-set that guides all that we do in the organization.The Group orchestrates regular meetings to deliberate and approve the strategic and annual operating plans and to review its operating performance. Periodically, internal auditors from both joint venture partners conduct a joint audit of the Group to review the internal control systems and to ensure proper protection of its assets and records.Since its establishment in 1996, Dufil Group has fulfilled its statutory audit requirements by engaging one of the Top Four International Auditing Firms, thus showing its commitment to proper corporate governance. ABOUT DEEPAK SINGHAL Joined the group in 2000 and has bee a key driver in the implantation of the backward integration strategy. He is also CEO FMCG Business of Tolaram Group of Companies. Prior to his tenure in Africa, he worked with unilever, India, Graduate of Calcutta University, Associate Member of the Institute of Charted Accountants of India and Institute of Company Secretaries of India. www.dufil.com