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.