Ankesh Shahra of Ruchi Soya honoured with Globoil Global Young Entrepreneur Award 2012

Ankesh Shahra has been felicitated with the Global Young Entrepreneur Award during the Annual Globoil Conference held in Mumbai on October 8. Member of Parliament and lawyer Ram Jethmalani handed over the award and citation to Shahra. Currently based in Singapore, Ankesh is managing the international businesses for Ruchi Soya. It includes establishing a cross-commodity global trading platform headquartered in Singapore, as well as implementing Ruchi Soya's backward integration strategy into agricultural plantations in Asia and Africa.

Established in 1997 in India, Globoil - the Premier International Conference & Exhibition on Vegetable Oil, Feed & Feed Ingredients, and Oilseeds & Oleo Chemicals is an established annual feature and holds much value to the players in the vegetable oil trade and industry.

Commenting on the occasion, Mr. Ankesh Shahra stated, “I am very grateful to the committee for their kind consideration, and realise the responsibilities that this award carries and look forward to fulfilling each and every one of them. Food security is indeed a prevalent global concern, and Ruchi is taking strategic steps towards ensuring competitive supply to India in the coming several years."

Ankesh has a background in Finance, Economics and International Trade, and represents the third generation of the Shahra family that started the business conglomerate Ruchi Group. The Group has business interests across the sectors ranging from Edible oil, Soya foods, Steel, Dairy, Information technology, Realty and others.

Ruchi Soya Industries Limited

Featuring among the top five FMCG players in India, Ruchi Soya is the flagship company of Ruchi Group of Industries. Besides being a leading manufacturer of high quality edible oils, soya foods, vanaspati, and bakery fats, Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya features amongst top three players based on market share in the overall Refined Oil in Consumer Packs (ROCP) in India with leadership position in important segments like palm oil. Ruchi Soya Industries Limited owns household brands like Nutrela, Mahakosh, Sunrich and Ruchi Gold, and clocked a turnover crossing Rs. 26,000 crores last financial year.

Ruchi Soya Honoured At The Dun & Bradstreet Corporate Awards 2012

Ruchi Soya Industries Limited - India's leading FMCG Company has added another award to its long list of recognition. Ruchi Soya Industries Limited (Ruchi Soya) has been bestowed as the top Indian company under the sector Food and Agro Processing at the recently held Dun & Bradstreet Corporate Awards 2012. Mr. Dinesh Shahra - Founder and Managing Director, Ruchi Soya Industries received the award on behalf of Ruchi Soya.

In a glittering ceremony organized yesterday evening in Mumbai, Mr. Jayant Kumar Banthia -Chief Secretary, Government of Maharashtra handed over the Trophy to Mr. Dinesh Shahra. Also, present on the occasion was Mr. Kaushal Sampat - President & CEO, Dun & Bradstreet (D&B) India along with other eminent industry leaders.

On receiving this prestigious award, Mr. Dinesh Shahra - Founder and Managing Director, Ruchi Soya Industries Ltd. stated, "This award has not only honoured the vision and purpose of the Ruchi Soya to persistently offer quality and affordable nutritional sustenance to India, but it has more importantly honoured the faith and trust that this nation has placed in us as their preferred nutritional partner."

D&B has developed an in-house model for selecting top performing companies that take into consideration the twin virtues of size and growth. While selecting Ruchi Soya as the top company in the Food and Agro Processing Business sector, some of the prominent parameters included business, profitability, efficiency, leverage, solvency and corporate
governance norms. To arrive at top companies D&B has considered several parameters that include total income, net profit, net worth, market capitalisation, net profit margins, growth in total income, growth in net profit, return on net worth, return on assets, cash flow indicators and many more.

Ruchi Soya Industries Limited

Ruchi Soya is India's leading FMCG Company, India's number one cooking oil and soya food maker and marketer. An Integrated player from farm to fork, Ruchi Soya has secured access to oil palm plantations in India and other key regions of the world. Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the sector.


For Media contacts
Yogesh Kolte Head - Corporate Communications, Ruchi Soya Industries Limited
M: (+91) 98203 09121
T: (+91 22) 6656 0677 | 0600
E: yogesh_kolte@ruchigroup.com

Ruchi Soya announces joint venture with Japan's J-Oil Mills, TTC

Leading FMCG company Ruchi Soya Industries Limited today said it has formed a joint venture with Japan's edible oil major J-Oil Mills and global trading firm Toyota Tsusho Corporation (TTC) to manufacture new innovative products that will be introduced in the market by 2014.

Ruchi Soya will have 51 per cent stake in the JV, while J-Oil will have 26 per cent and TTC will have 23 per cent stake, the company said in a release.

The JV will also buy Ruchi Soya's existing plant in Shujalpur, Madhya Pradesh, at Rs 40 crore.

"This alliance is an important step towards our business strategy of expanding our product portfolio by bringing value added and healthier products. We will provide raw materials and necessary marketing and distribution assistance to the JV.

"J-Oil will provide technical assistance and TTC with its rich global experience will provide management assistance for internal control and access to international markets through its network," Ruchi Soya Founder and Managing Director Dinesh Shahra said.

The JV company will enter into the business of production and marketing of high quality functional edible oils.

"It will be managed by a Board consisting of representatives from all the three companies and plans to start supplying products to the institutional customers by the end of 2013, and launch high quality consumer products for the Indian markets in the second half of 2014," he added.

"The main purpose of this investment is to start our first ever business activity overseas in a promising country like India. J-Oil sees India as a vast and fast growing market and has plans to establish as a leading company in high quality value added edible oil segment," J-Oil Mills President and CEO Sumikazu Umeda said.

TTC Managing Director Yoshiki Miura said, Ruchi J-Oil JV provides an appropriate crossover opportunity to leverage its business networks, product portfolios and skill sets.

"We create Global Vision 2020, in which we identified three business areas that we expect sustainable growth. We aim to expand food business in life and community field," he added.