Patanjali Foods
Indian multinational food and beverage company From Wikipedia, the free encyclopedia
Patanjali Foods, formerly known as Ruchi Soya Industries Ltd, is an Indian multinational fast-moving consumer goods company specialized in the food industry, part of the Patanjali Ayurved. It is headquartered in Indore, India.
 | |
| Company type | Public |
|---|---|
| ISIN | INE619A01035 |
| Industry | Food processing |
| Founded | 1986 |
| Headquarters | , India |
Area served | Worldwide |
| Products | |
| Revenue | ₹31,916 crore (US$3.7 billion) (FY24)[1] |
| ₹1,482 crore (US$170 million) (FY24)[1] | |
| ₹1,060 crore (US$120 million) (FY24)[1] | |
| Parent | Patanjali Ayurved |
| Website | www |
Patanjali Foods is a listed company on Bombay Stock Exchange and National Stock Exchange with ticker symbol "PATANJALI".[2]
History
Ruchi Soya Industries Limited was founded in 1986 by Dinesh Sahara, to manufacturer Soybean edible oil.[3]
In January 2010, the company acquired a 50 percent stake in Gemini Edibles & Fats for ₹45 crore,[4] until the whole company was purchased by the Widjaja family of Indonesia in 2014.[5]
In December 2017, Ruchi Soya Industries entered into insolvency because of its total debt of about ₹12,000 crores.[6][7] In December 2019, Patanjali Ayurved acquired the bankrupt Ruchi Soya for ₹4,350 crore.[8][9]
In June 2021, Ruchi Soya acquired the biscuits and noodles business of Patanjali for ₹60 crore.[10] It acquired the food business of Patanjali Ayurved for around ₹690 crore in May 2022.[11] The company changed its name to Patanjali Foods in June 2022.[12]
In 2023, SEBI froze promoters shares for failing to allow the minimum public shareholding in listed companies at 25%.[13][14]
References
External links
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