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 headquartered in Indore, India.
 | |
| Company type | Public |
|---|---|
| ISIN | INE619A01035 |
| Industry | Food processing |
| Founded | 1986 |
| Headquarters | , India |
Area served | Worldwide |
| Products | |
| Revenue |  ₹31,821 crore (US$3.8 billion) (FY23)[1] |
 ₹1,417 crore (US$170 million) (FY23)[1] | |
| ₹886 crore (US$110 million) (FY23)[1] | |
| Parent | Patanjali Ayurved |
| Website | www |
History
Ruchi Soya Industries Limited was founded in 1986 by Dinesh Sahara, to manufacturer Soybean edible oil.[2]
In January 2010, the company acquired a 50 percent stake in Gemini Edibles & Fats for ₹45 crore,[3] until the whole company was purchased by the Widjaja family of Indonesia in 2014.[4]
In December 2017, Ruchi Soya Industries entered into insolvency because of its total debt of about ₹12,000 crores.[5][6] In December 2019, Patanjali Ayurved acquired the bankrupt Ruchi Soya for ₹4,350 crore.[7][8]
In June 2021, Ruchi Soya acquired the biscuits and noodles business of Patanjali for ₹60 crore.[9] It acquired the food business of Patanjali Ayurved for around ₹690 crore in May 2022.[10] The company changed its name to Patanjali Foods in June 2022.[11]
In 2023, SEBI froze promoters shares for failing to allow the minimum public shareholding in listed companies at 25%.[12][13]
References
External links
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