Ruchi Soya Industries Ltd.
Indian edible oil production only cater less than 40% of the required demand and it imports almost more than 60 percent to meet the demand in the country. It shows the kind of demand persists in India; still the per capita edible oil consumption is below the average per capita consumption of the world. The industry experts are expecting that India’s per capita consumption will match the global average in the coming years. However, the huge gap in between the demand and supply needs to be taken care and that gap is fulfilled through imports and Indian firms are exactly looking to capitalize this opportunity. Ruchi Soya is perhaps the one in the edible oil industry has understood these phenomena clearly and has put its incessant effort to increase its scale of production and sales through mergers and acquisitions.
Ruchi group, the leading player in the edible oil industry started its journey in 1986. Ruchi Soya is the first and foremost maker and marketer of cooking oil and soya food and at present it is the largest palm Plantations Company of India. Mr. Dinesh Sahara, who is currently the managing Director of the company has been taking care of this company since its inception and has been shaping the company to reach new heights every time. In these years Ruchi has transferred itself from a mere commodity trader to a leading cooking oil and food processing unit with a proper branding of its products. It has a strong portfolio of brands that include Nutrela Soya Foods, Ruchi Gold, Sunrich Sunflower oil, Ruchi Star, Ruchi Refined Oil and Mahakosh Refined Soya Bean oil. Ruchi’s Vanaspati, a hydrogenated vegetable fat rules the rust. It has 22 manufacturing plants, 5642 non-exclusive distributors covering over 2,210 towns and over 725, 000 retail outlets as on FY 2013.
Ruchi Soya took a major restructuring decision in the year 2005 to consolidate the business of the other companies in their group. Six companies of Ruchi group were earlier engaged in the soya processing, edible oil &fat, food businesses and dairy products, while Ruchi Soya has been looking after edible oil processing and marketing. The merger of the group companies will be effective from April 1, 2005, subject to statutory and other clearances. With the effect from the appointed date, the business of MPGIL will be transferred to Ruchi Soya for Rs. 805.7 million by way of slump sale................................