Overview
Patanjali Foods Limited is an Indian fast-moving consumer goods company primarily engaged in the manufacture and marketing of edible oils, food and FMCG products. The company is part of the Patanjali group, which is associated with yoga teacher Baba Ramdev and Acharya Balkrishna. It is listed on the BSE and the NSE in India.
Key facts
| Type | Public company |
|---|---|
| Industry | Edible oils, food processing, FMCG |
| Country | India |
| Parent group | Patanjali Ayurved |
| Associated figures | Baba Ramdev, Acharya Balkrishna |
| Listings | BSE, NSE |
| Former name | Ruchi Soya Industries |
Background
The company was originally established as Ruchi Soya Industries Limited, one of India's largest processors of oilseeds and producers of edible oils. Ruchi Soya was historically known for brands such as Mahakosh, Sunrich, Ruchi Gold and Nutrela, the last of which became a widely recognised soya-based food brand in India.
History
Ruchi Soya era
Ruchi Soya operated a network of crushing, refining and packaging plants across India and was a significant player in the soyabean processing industry. The company faced severe financial distress and was admitted to insolvency proceedings under the Insolvency and Bankruptcy Code, 2016.
Acquisition by Patanjali
Following a corporate insolvency resolution process before the National Company Law Tribunal, Patanjali Ayurved emerged as the successful resolution applicant and completed the acquisition of Ruchi Soya in 2019. After the takeover, the company was relaunched on the public markets through a follow-on public offer.
Rebranding
In 2022, the company was renamed Patanjali Foods Limited to reflect its integration into the wider Patanjali brand portfolio. As part of the restructuring, the food and FMCG business of Patanjali Ayurved was progressively transferred to Patanjali Foods, broadening the company's product range beyond edible oils into biscuits, breakfast cereals, ghee, honey, spices and other packaged foods.
Operations and products
Patanjali Foods manufactures and markets a wide range of products, including:
- Edible oils such as soyabean oil, palm oil, sunflower oil, mustard oil and groundnut oil
- Soya-based foods under the Nutrela brand
- Ghee, honey, atta, biscuits and other packaged foods under the Patanjali brand
- Oleochemicals and by-products of oilseed processing
The company also has interests in palm plantation development under government-backed oil palm initiatives.
Significance
Patanjali Foods is among the largest edible oil companies in India by capacity and volume. Its acquisition by Patanjali Ayurved is frequently cited as a notable example of a successful corporate resolution under the Insolvency and Bankruptcy Code, and it positioned the Patanjali group as a major listed FMCG entity in India.
Related topics
- Patanjali Ayurved
- Baba Ramdev
- Acharya Balkrishna
- Insolvency and Bankruptcy Code, 2016
- Edible oil industry in India
- FMCG in India
References
- Wikidata: Q7376589
- Bombay Stock Exchange and National Stock Exchange of India company filings
- National Company Law Tribunal orders relating to Ruchi Soya Industries