2010 Distinguished International Alumni Award Recipient — Shree Loya
|UCM Alumni Association President Becky Klein, left, and UCM President Charles Ambrose, right, congratulate 2010 Distinguished International Alumnus Shree Loya.|
From his college days at the University of Central Missouri, Shree Loya embraced the heart of the American dream: that by working hard, there was no limit to what he could achieve. He returned to his homeland of India determined to succeed in business with his one solid asset, the master of business administration degree that he earned in 1974 from UCM. He would have to quit his job, paying him $100 a month, and develop partners who would lend him the money.
“When I came to Warrensburg, India was a closed economy with heavy leftist leanings, officially aiming to achieve a socialistic pattern of society and modeling their economy on the U.S.S.R. Profit was a bad word,” he says.
India now is the fourth largest economy in the world, and the biscuit (or cookie, as we know them in America) manufacturing industry that Loya embraced is the third largest, second only to the United States and China. In the past three decades, Loya opened five cookie manufacturing plants in different parts of India. He currently owns and operates two of them, employing about 600 people and producing about 130 tons of cookies a day. He’s manufactured cookies for some of the world’s largest brands, such as Kellogg’s, Britannia and GlaxoSmithKline. His business ventures also include furniture, engineering goods and imports/exports of vegetable oil, cocoa and ventilation equipment.
His colleagues attribute his success to his innovative ideas, analytical skills and work ethic. Loya will tell you that UCM had a profound impact on both his abilities and attitudes, especially in his exposure to Western culture and free enterprise market ideals.