Surati Sweet Mart, an award-winning, family-run business, is known worldwide for its uniquely blended Indian snacks, sweets, pickles, baked goods and more. Surati is a leading Indian snack and food manufacturer and distributor, and its products are made from recipes passed down from generation to generation, with top-quality ingredients in state-of-the-art facilities.
Surati and BDC have a long history together: the company, which was established in Canada more than 30 years ago, first approached BDC in 1998 for equipment financing. The relationship continues today, with BDC's customized financing and consulting solutions tailored to the needs of the company. Over the years, BDC has helped Surati with equipment purchases, working capital requirements and, more recently, leasehold improvements to obtain food safety certification.
Surati and BDC are currently working on loan #13, for the purchase of additional equipment that has become necessary due to continued growth. With BDC's help, Surati has not only increased its production capacity by 20%, but also experienced sales growth of 10%, with further growth of 10 to 15% anticipated for the next fiscal year-end.
Says Harendrakumar Sheth, CEO: "BDC has helped develop our business through exceptional financing and consulting services. I cannot say enough about BDC's dedication, and its ability to provide solutions tailored to our needs. We look forward to continuing our partnership for years to come."