The SwitzGroup is a professionally managed family owned group of bakery companies. Taizoon Khorakiwala, in January of 1980, took over a 12 man bakery started by his father (the legendary Fakhruddin Khorakiwala) in Al Khobar, Saudi Arabia. The group now has revenues of more than $250 million and employs some 4,500 staff across operations in nine countries.
We, now, straddle the value chain of the bakery industry with operating companies in egg farming and processing, bakery ingredients trading and manufacturing, mass manufacturing and distribution of packaged bakery products, as well as retail bakeries.
Each company within the group operates independently with knowledge sharing being the main synergy. This focus on our industry has helped group companies to attain market leadership in their respective segments. The SwitzGroup is growth orientated and has historically doubled turnover and profits within 3-6 years in each of its businesses.
The group is committed to high ethical standards, technological leadership, delegated decision making, and innovative business architecture. It encourages the dynamism and energy of young leaders at the same time values the wisdom and domain knowledge of veterans. It puts Information Technology and digital communication in the centre of its business architecture.
The group is united by our four founding principals:
1. We are the SwitzGroup FAMILY
2. TEAMWORK is at the heart of great enterprise
3. Leadership's primary role is to create a LEARNING ORGANISATION.
4. EXECUTION is all important
The group is unable to invest all its surplus cash in its existing businesses. The SwitzGroup NOW plans to pursue expansion not only through organic growth, but also thru acquisitions of, and investments in, complementary businesses.