Edward B. Beharry & Company Limited
The Edward B Beharry & Co Ltd started from humble beginnings in 1937 as a small importer, wholesaler and retailer of food products and has now evolved into a large conglomerate including manufacturing, marketing, financial services, vehicle dealership and recently, fast food.
Borrowing from his successes in trading, in March of 1959, co-founder, Edward B. Beharry took his first of many bold steps when he entered the manufacturing arena producing ChampionTM Baking Powder. From there, the Company expanded its product line to include its signature IndiTM Special Madras Curry Powder, the readily recognizable ChicoTM Bubble Gum, and other very successful products including custard powder, various individual and mixed spices and seasonings, coffee, a wide range of sugar confectionery and paper bags. Further expansion in the 1990’s into noodles and pasta saw the introduction of the highly popular ChampionTM pasta and ChampionTM chowmein. From 1997 to 2007, the Company proceeded on a major retooling and expansion initiative, investing over USD27.5M, to cement its status in the local market and to prepare it to enter the global market arena. Manufacturing lines were retooled and expanded, facilities were upgraded and processes were refined and new ones introduced to facilitate this entry. Moving ahead of schedule, in 2005, the company received its first ISO 9001 certification. Since then, it has continuously held this certification, covering the processes for all the products that it manufactures.
The Company now enjoys significant market share in all of the products that it markets and is the market leader in many of these. Its products are also widely recognizable in the wider Caribbean region, among the Caribbean community in North America and further into the United Kingdom and South America. The Company has since opened Distribution companies in Suriname and in Trinidad and is exploring other such companies in the Caribbean region. That the entry into the global market was successful is further evidenced in Edward B Beharry & Co Ltd now embarking on further expansion to meet the needs of its current markets and to enter into new ones. In June 1989 the bold step to enter the financial arena was taken and Secure International Trust Co. Ltd. was born. This company now operates as Secure International Finance Co. Inc. The first major acquisition of Edward B. Beharry & Co. Ltd was the purchase of American Life Insurance Co. Ltd which now operates as North American Life Insurance Co. Ltd. The next obvious step was the formation of North American Fire, Motor & General Insurance Co. Ltd. The acquisition continued when in July 1994 Secure International Finance Co. Ltd. acquired the majority control of Guyana Bank for Trade and Industry Ltd. Then in March 1993 Guyana saw the establishment of it first and only Stock Broking Company, Beharry Stock Brokers Ltd. In 1999, the Bank of Guyana issued a license for Guyana Americas Merchant Bank Inc. This is Guyana’s first Merchant Bank and is a joint venture between Secure, GBTI and the KFC.
Outside of financial services, Beharry Automotive Ltd was established during 1994 as the exclusive distributor of Toyota in Guyana. In 1998, Edward B Beharry & Co Ltd acquired majority shares in the ailing Sterling Products Ltd. and investing heavily in stabilizing and upgrading the company. Sterling Products is now a very successful public company, with ever increasing local sales and expanding exports. Recently, Beharry Restaurant Holdings Inc. was added with the acquisition of the Kentucky Fried Chicken franchise. The first branch is expected to open shortly, thrusting this highly successful local conglomerate into a new and exciting area.