India’s food sector is clearly moving toward greater transparency, ethical sourcing, and fairness to producers. Companies are now expected to support farmers responsibly, ensure timely payments, and maintain clear disclosures. Heritage Foods stands out in this transformation—so much so that it recently received the 2025 Golden Peacock Award for Excellence in Corporate Governance.
Across the industry, reviewers are paying attention to faster payment cycles, stronger internal controls, and women’s participation in procurement. Many organisations are adopting governance models that balance efficiency with community impact.
Heritage Foods has been ahead of this curve for decades. Vice Chairperson and MD Bhuvaneshwari Nara says governance is not a box to tick—it’s the principle guiding every decision, from corporate strategy to village procurement. This philosophy has shaped the company for 33 years.
The results are visible in day-to-day operations:
- 10-day payment cycles in a sector where delays are normal
- Direct bank transfers for full transparency
- A digital veterinary-support platform for farmers
- ₹200 crore annually in easy-term credit
- Direct payments to nearly 60,000 women farmers
Nearly 40% of procurement centres are women-led, a deliberate choice to distribute economic opportunity more fairly. Heritage also maintains high transparency standards, having gone public in 1994—long before it became common in the sector. Its board practices, disclosures, and internal controls consistently exceed statutory norms.
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Quality assurance is another pillar. Over 400 QA professionals conduct more than 25 tests daily across 9,000 procurement centres, 18 processing plants, and 2.65 million litres of daily milk-handling capacity.
Under Nara’s leadership, Heritage has grown without compromising trust. Today, more than 300,000 farmer families rely on the company—a testament to governance built on integrity rather than compliance.
The Golden Peacock Award reinforces what the organisation has demonstrated for decades: accountability, transparency, and long-term value creation are not just principles—they’re the foundation of sustainable growth in India’s evolving food sector.
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I do my best to share reliable and well-researched market insights but occasional errors or omissions may slip through. Please view all content as informational, not financial advice.
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