Patanjali Foods Ltd, formerly known as Ruchi Soya Industries Ltd, is a manufacturer of consumer packaged foods in India.

History

Ruchi Soya Industries Limited was founded in 1986 by Dinesh Sahara, to manufacturer Soybean edible oil. In January 2010, the company acquired a 50 percent stake in Gemini Edibles & Fats for 45 crore, until the whole company was purchased by the Widjaja family of Indonesia in 2014. In December 2017, Ruchi Soya Industries entered into insolvency because of its total debt of about ₹12,000

crore A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...

s. In December 2019, Patanjali Ayurved acquired the bankrupt Ruchi Soya for 4,350 crore. In June 2021, Ruchi Soya acquired the biscuits and noodles business of

Patanjali Patanjali ( sa, पतञ्जलि, Patañjali), also called Gonardiya or Gonikaputra, was a Hindu author, mystic and philosopher. Very little is known about him, and while no one knows exactly when he lived; from analysis of his works it i ...

for 60 crore. It acquired the food business of Patanjali Ayurved for around 690 crore in May 2022. The company changed its name to Patanjali Foods in June 2022. In 2023, SEBI froze promoters shares for failing to allow the minimum public shareholding in listed companies at 25%.

References

{{reflist Companies based in Indore Food and drink companies of India Palm oil production in India Patanjali Ayurved Indian companies established in 1985 1985 establishments in Madhya Pradesh Food and drink companies established in 1985 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange