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.

Ruchi Soya Q4 net zooms over 2-fold to Rs 78.6 Cr

Edible oil company Ruchi Soya Industries Ltd today reported over two fold jump in standalone net profit at Rs 78.58 crore for the quarter ended March 31, due to lower financial costs, higher export realisation and increased sale of branded oils.

It had posted net profit of Rs 28.32 crore in the same quarter last year, the company said in a filing to the BSE.

Ruchi Soya Managing Director Dinesh Shahra said: "The net profit has improved substantially both during the fourth quarter and the entire 2012-13 fiscal due efficient control on financial cost."

Higher sale of branded cooking oils and increased realization from export of oil-seed extraction and other food products improved the overall company's performance, he said.

As per the filing, net income increased to Rs 7,553.96 crore in the fourth quarter of the 2012-13 fiscal, from Rs 7,034.7 crore in the same period of last financial year.

Tax expenses and financial costs remained lower during the quarter under the review, though expenses were slightly more than the year-ago period, it added.

For the entire 2012-13 fiscal, the company's consolidated net profit zoomed more than 3-fold to Rs 284.21 crore as against Rs 87.96 crore in 2011-12.

Net income, however, fell marginally to Rs 29,871.25 crore from Rs 30,270 crore in the review period.

Shahra said that sale of branded edible oil increased to Rs 6,217 crore in the 2012-13 fiscal, from Rs 5,543 crore in the previous year.

Similarly, export of oil-seed extraction and food products increased by 34% to Rs 4,374 crore from Rs 3,264 crore in the review period, he added.

A leading producer of edible oils, soya foods, vanaspati and bakery fats, Ruchi Soya is also a major exporter of soya meal, lecithin and other food ingredients from India.

The company's scrip rose marginally to close at Rs 69 on the BSE today.

CM LAUNCHES ‘SOYBEAN OIL FORTIFICATION' PROJECT

Chief Minister Shivraj Singh Chouhan said Ruchi Soya Industries Limited (Ruchi Soya) will play a pivotal role in the project on ‘Soybean oil fortification’ in Madhya Pradesh. Under this project, largest selling Soyabean oil brand in the State ‘Mahakosh’ will now have additional health benefits of Vitamin A and D.

Chouhan was launching soybean oil fortification project here on Monday. Minister of Science and Technology and Food Processing Kailash Vijayvargiya along with several other dignitaries were also present on the occasion.

Centre for Community Economics and Development Consultants Society (CECOEDECON) has been working on ‘Soybean oil fortification’ in collaboration with the United Nations affiliated body, Global Alliance for Improved Nutrition (GAIN) and edible oil manufacturers in Madhya Pradesh.

Under this project, soyabean oil by leading companies will be fortified with the essential Vitamins A and D.

This initiative aims to curb malnutrition in Madhya Pradesh with a primarily focus on the nutritional security. Sarvesh Shahra, Business Head, FMCG and Specialty Ingredients, Ruchi Soya Industries Limited, on the occasion said the objective of the soyabean oil fortification project in Madhya Pradesh is to reduce health related problems arising due to Vitamin A and D deficiencies in the State.

“We are happy to partner with the NGOs and offering healthier options to the consumers of our soya oil brand Mahakosh in Madhya Pradesh”, Sarvesh said.

We will also work closely with NGOs like CECOEDECON and GAIN on the awareness generation campaign on Vitamin A and D deficiency and the strategies to address it,” he added. 

Ruchi Soya enters tomato biz

Ruchi Soya, edible oil and soyabean product maker, is foraying into processed tomato business.

The company has formed a joint venture with Kagome, a tomato product company of Japan and Mitsui, a trading and investment firm.

Ruchi Soya will hold 40% stake in the joint venture — Ruchi Kagome — while the remaining 60% will be held by a special purpose company (SPC). Kagome and Mitsui will hold 66.7% and 33.3%, respectively in the SPC.

The venture will initially produce tomato puree, ketchups, pasta sauces and so on, and may enter beverages and other categories, going ahead.

Sarvesh Shahra, business head-consumer brands division, said despite India being the second-largest producer of tomatoes in the world, only 1% of it is processed, which spells big opportunity.

The company is investing `44 crore for setting up a facility in Maharashtra. It will start marketing the products from mid 2013, but start production only mid 2014.

Dinesh Shahra, MD, Ruchi Soya, said the local processed tomato market was `600 crore in 2011 and is expected to touch `2,000 crore by 2017.

Big boost to oil palm cultivation

Promising to promote oil palm cultivation in Odisha through partnership with farmers, leading FMCG player Ruchi Soya today said it plans to set up a processing plant in the state at a cost of Rs 30 crore.

“Ruchi Soya is the largest player in Odisha with access to 28,000 hectares land in Mayurbhanj, Balasore, Bhadrak and Kendrapara districts,” Dinesh Shahra, Founder and Managing Director of Ruchi Soya told reporters here.

Under a tripartite agreement with Odisha government and farmers, Ruchi Soya has exclusive rights to procure Fresh Fruit Bunches (FFB) of oil palm from farmers. Upon receipt of the raw material from the farmers, the company will pay to the farmers on every 20th day directly through their bank accounts. There are no middlemen in the transaction, he said.

The entire process is transparent. Rates of FFB are linked to international prices of palm, thus availing benefits of global markets to local farming community,” he said.

Since Odisha occupies an important position in the company's operations, Ruchi Soya has decided to establish a plant in the state to manufacture crude palm oil at an investment of Rs 30 crore, Shahra said, adding, the plant will be operational in one of the four districts under oil palm cultivation in two years.

Ruchi Soya may initially set up 10 tonnes per hour FFB processing mill. Presently, we are associated directly with over 4,000 farmers. At present, over 6,000 persons are directly or indirectly linked with this project which has a larger employment generation potential, he said.

Voicing concern over huge imports of edible oil, he said over 50 per cent of edible oil consumed in India comes through import. Total imports of vegetable oil, including crude and refined, is set to hit a new record of 10.8 to 11 million tonnes this year, Shahra said.

Synergising CSR with business remains a big challenge

Spending on corporate social responsibility is set to shoot up by around Rs 27,000 crore per year in India

Dinesh Shahra, Founder and Managing Director of edible oil manufacturer Ruchi Soya Industries, is a happy man. Spending on corporate social responsibility (CSR) is set to shoot up by around Rs 27,000 crore per year in India. The mandatory giving has been welcomed by some companies, who have given the Bill a thumbs-up.

“The Companies Bill has made CSR mandatory for corporates above a certain threshold. Ruchi Soya has been dynamically doing CSR for over three decades now. We don’t see any hurdles or issues in the new system,” says Shahra.

Ruchi Soya has been actively involved in CSR since 1976. The social initiative programmes are carried out in a sustainable manner through village participation. “It is our policy to work with reputed non-governmental organisations (NGOs) who are like minded,” adds Shahra.

Rana Kapoor, CEO of YES Bank, also believes the Bill will have a positive impact.

“It will provide regulatory clarity and a framework for organisations to deliver on their CSR goals within the larger social and environmental sustainability context,” says Kapoor.

He pointed out that banks play a central role in the economy as financial intermediaries and needed to act as catalysts of CSR and sustainable development. Kapoor adds that CSR activities at YES Bank, “are not just ethical imperatives, but a sound business decision. The bank has focused on the triple bottom line ethos of People, Planet and Prosperity to create enduring value and CSR, and stayed away from traditional philanthropy.”

Ranjita Menon, the ‘Strategic Giving Manager’ at IT major Dell, says that organisations are quickly evolving into responsible and dependable contributors to societal well-being through their CSR initiatives.

“We have put a framework in place since 2009, and we don’t see any hurdles to taking it ahead,” she added.

Praj Industries' Executive Chairman Pramod Chaudhari termed the Bill an excellent initiative by the Government, and one that would encourage the concept of inclusive growth. “The Bill will facilitate larger inflow of funds towards developmental purposes and encourage companies to be socially responsible,” he says. He added that in the case of companies that have been spending much lower amounts, “it would amount to a big shift. This will lead to large sums being available for CSR spends.”

MANY CHALLENGES

At Gati, a distribution and supply chain company, Sanjeev Kumar Jain, Director - Finance, feels the requirement to constitute a CSR committee put in place a policy would ensure structured spending on CSR. “This would also facilitate measurability of CSR initiatives and thereby credibility,” he said.

Jain, however, pointed out that there are several challenges. “Synergising CSR with business remains a big challenge. CSR activity could be used as a public relations tool, rather than to do real work. Moreover, perceptional differences among various corporates could pose challenges for implementation of the provisions of the Companies Bill in spirit. Aligning attitudes of various stakeholders towards successful implementation of CSR would also be a tough task.”

The new Bill states that companies that fail to spend two per cent of their net profit on CSR have to explain why they have not met the requested target.

Pessimists among corporates says one of the major problems with the law is that it measures philanthropic work in purely monetary terms.

“CSR activities can come in many forms and might include a company making efforts to reduce its environmental footprint or donating its expertise to worthy causes. At a time when most of the world has moved beyond philanthropic CSR towards promotional, strategic and transformative approaches, the new Bill mandates that some corporates continue to remain stuck in an outdated charitable mindset,” said an official at a steel major, requesting anonymity.

CLARITY NEEDED

YES Bank’s Rana Kapoor, says that while it is a globally pioneering initiative to streamline and accelerate CSR in India, corporates are keen to have further clarity on the provisions, as also tax benefits if any, in order to ensure tangible outcomes.

An official at a fast moving consumer goods company added that the Bill tends to permit CSR activities in a very restrictive way and has identified only eight categories where CSR activities can be undertaken.

“Why restrict it to just eradication of extreme hunger and poverty, education, environment sustainability, employment enhancing vocational skills, gender equality, etc? There are so many other areas where one could conduct CSR,” he added.

PROJECT MODE

Praj Industries’ Chaudhari, too, highlighted some hurdles.

“As per the bill, more than 90 per cent of spending on CSR activities shall be in ‘project mode’.

In most companies, presently a very small percentage of spending on CSR is towards activities in project mode.

It will require a lot of effort on the part of companies to identify reliable NGOs and project themes.

Since companies are also expected to have a scientific baseline survey, monitoring, documentation and evaluation of the projects, most will have to gear up to face this challenge.''

He added that mere donations towards philanthropy or charity would not qualify under CSR spends.

Yes Foundation was launched last year to extend Yes Bank’s sustainability footprint by supporting stakeholders such as NGOs.

As Kapoor puts it: “All sectors of the economy have to play a role and become CSR and sustainable development catalysts, as it can have a far-reaching positive impact.”

Ruchi Soya in joint venture for tomato products

Joining hands: (from left) Yasuharu Fujiyoshi, COO, Food Products & Services, Mitsui & Co. Ltd along with Dinesh Shahra, Founder & Managing Director, Ruchi Soya, and Hidenori Nishi, President, Kagome Co. Ltd to announce the joint venture at a press conference held in Mumbai on Monday. — Paul Noronha

FMCG company Ruchi Soya Industries today signed an agreement with Japan’s Kagome and Mitsui to set up a joint venture (JV), RuchiKagome, to manufacture tomato products in India.

“Currently the total annual demand for processed tomato in the country is two lakh tonnes. We are planning to launch a range of tomato products along with Kagome,” Dinesh Shahra, Managing Director and Founder of Ruchi Soya said.

The company is looking to gain about 20 per cent market share in this segment in the next five years.

Ruchi Soya will have 40 per cent stake in the JV and the rest will be held by a special purpose company (SPC) created by Kagome and Mitsui. Kagome and Mitsui own 66.7 per cent and 33.3 per cent stakes respectively in the SPC.

RuchiKagome will set up a manufacturing unit in Maharashtra with initial investment of Rs 44 crore and the commercial production will begin from June 2014, Shahra said.

The company is planning to procure tomato directly from the farmers in the western region, he said.

In the first phase, RuchiKagome will target business-to-business model in markets in and around Mumbai, NCR and Bangalore and is expecting Rs 340-crore revenue, then it would move to the business-to-consumer, he said.

“We will also look into exporting our products to countries where our JV is present. However, our initial focus will be on the domestic market,” he said.

India is the second largest tomato producer in the world with 17 million tonnes production annually after China.

Kagome is a leading tomato product company in Japan and supplies food and beverage products in 50 countries.

A substitute for the pricey dal

The humble dal, long considered a staple diet of the Aam Aadmi, has seen a near 40 per cent price escalation over the past two years.

The prices of some pulses such as arhar, masoor, moong cost close to Rs 90 per kg. There may be some relief around the corner for the long-suffering households.

These protein rich pulses may now lose its status as a staple to a cheaper substitute that is emerging from the soya industry.

Edible oil manufacturer Ruchi Soya Industries has come out with a substitute which will be 40 per cent cheaper and 30 per cent higher in protein than the ‘Tur or Moong’ dal. Not only that, it will also taste exactly like the yellow dal.

The company is already piloting the project “Dal Analogue” under Feed Programme initiated by the Union Government in Andhra Pradesh and will be replicating this project in Madhya Pradesh and Gujarat.

Apart from the price, this soya substitute is also a healthy alternative, which will address the problems of malnutrition and low protein intake among the poor. Interestingly, India is the world’s largest producer as well as importer of pulses.

Over the last 50 years, pulses production has been stagnant leading to a decline in per capita consumption and rising imports.

The company, which has oil brands such as Nutrela and Mahakosh, plans to brand and sell this affordable soya-based dal in the rural market initially.

“We have invested around Rs 125 crore for the project that includes a plant near Indore. With rising prices of pulses in India, it also becomes an attractive business proposition,” said Dinesh Shahra, Managing Director, Ruchi Soya Industries.

The process of ‘Dal Analogue’ involves mixing protein rich soya beans with other vital ingredients. Also, as it is made from inexpensive raw materials, it is close to half the price of Tur dal, Shahra added.

In Andhra Pradesh, the company is supplying the soya-based dal for the Government’s ICDS scheme that benefits 3.75 lakh citizens.

“We are also supplying to kitchens of Nandi Foundation and Akshya Patra (Rajasthan and Andhra Pradesh) for their school feeding programmes. Thus we are already reaching to over 1.3 million Indians on a daily basis,” he said.

The processed soyabean can also be an attractive and low-cost way of improving the protein consumption of the poor, he added.

Ruchi Soya recognized as largest processor in India

Ruchi Soya Industries Limited has been recognized by the Solvent Extractors Association (SEA) of India for being the largest processor in the country. Ruchi Soya was acknowledge for its leadership in the Indian edible oil industry at the SEA Awards 2013". Ruchi Soya Industries managing diectorDinesh Shahra received the awards on behalf of the company at a ceremony held in Mumbai on Sunday.

Ruchi Soya Industries diversifies into tomato processing

Ruchi Soya Industries, a fast-moving consumer goods (FMCG) company focused on edible oil, soya products and margarine, plans to foray into tomato processing. The company has entered into a joint venture (JV) with Japanese tomato processing company Kagome Co Ltd and with Mitsui & Co Ltd, which has presence in trading, investment and services. The JV will be called Ruchi Kagome.

In the new JV, Ruchi Soya will have 40 per cent stake and 60 per cent will be held by a special purpose vehicle (SPV) created by Kagome and Mitsui, which own 66.7 per cent and 33.3 per cent share each in the SPC.

The first processing unit will be set up in Maharashtra with an initial investment of Rs 44 crore and commercial production will begin by June 2014. Land for the unit has been identified.

The JV plans to launch premium tomato purees, sauces, ketchups and other world-class products in India. Ruchi Kagome will work closely with Indian farmers. It will distribute higher yielding seeds and share global knowledge to educate local tomato producers, and set up local support centres.

Dinesh Shahra, founder and managing director of Ruchi Soya, said, "We are planning to launch a range of tomato products. These products will be marketed in both the business-to-business (food services) segment and the business-to-consumer (retail) segment."

The company will also educate farmers on choosing better crop suitable for processing and may also enter into buyback arrangements, subject to commercial viability.

Ruchi Soya to set up oil palm processing plant in orissa

FMCG player, Ruchi Soya Industries Limited is planning to set up a palm oil processing plant in the slate by next year with an Investment of Rs 25-30 crore.

Founder and managing director of the company Dinesh Shahra said Friday that the company has joined hands with the farmers to cultivate oil palm in 28,000 hectare of land in Mayurbhanj, Balasore, Bhadrak and Kendrapara districts.

The construction work will start sometime next year and will he completed within 18 months when it will be operational, he informed.

Under a tripartite agreement with Odisha government and farmers, Ruchi Soya has exclusive rights to procure Fresh Fruit Bunches (FFB) of oil palm from farmers. Upon receipt of the raw material from the farmers, the company will pay to the farmers on every 20th day directly through their bank accounts. There are no middlemen in the transaction, he said.

"The entire process is transparent. Rates of FFB are linked to international prices of palm, thus availing benefits of global markets to local farming community," he said.

Since Odisha occupies an important position in the company's operations, Ruchi Soya has decided to establish a plant in the state to manufacture crude palm oil at an investment of Rs 30 crore, Shahra said, adding, the plant will be operational in one of the four districts under oil palm cultivation in two years.

Ruchi Soya may initially set up 10 tonnes per hour FFB processing mill. Presently, we are associated directly with over 4,000 farmers. At present, over 6,000 persons are directly or indirectly linked with this project which has a larger employment generation potential, he said.

Voicing concern over huge imports of edible oil, he said over 50% of edible oil consumed in India comes through import. Total imports of vegetable oil, including crude and refined, is set to hit a new record of 10.8 to 11 million tonnes this year, Shahra said.

With a potential of 56,000 hectares land suitable for oil palm cultivation, Odisha can play a pivotal role in enhancing palm oil production in the country, he added.

Just 2/250:Ruchi Soya,ITC fastest homegrowns

Only two home-grown Indian companies — Ruchi Soya & ITC — have made it to the top 250 consumer companies in the world, says a survey by Deloitte titled ‘Global Powers of the Consumer Products Industry 2013’.

While Ruchi Soya has been ranked at 121, ITC stands at 150. For Ruchi Soya that manufactures edible oil and soybean products, it’s an improvement of 54 positions, Last year, the company stood at 175. On the other hand, cigarette and consumer goods maker, ITC has slipped by seven position in this year’s ranking.

If we look at the list of 50 fastest growing company in the world, Ruchi Soya has been ranked at 13, followed by ITC at 39.

While Ruchi Soya has recorded a 66% growth in sales in 2011-12, ITC’s net sales jumped 17.5% in the same period.

This is based on a survey by Deloitte on the data available till June 2012. For a company to make it to the list of top 250 consumer product companies, it has to have a minimum sale of Rs16,600 crore and has to register at least a 7% growth in sales on a yearly basis.

The report points out that as sales in the other established markets are taking a beating, companies from the emerging markets have started taking the lead in the fastest growing company in the world and going forward, this trend is likely to continue.

Dinesh Shahra, managing director of Ruchi Soya, said, “Improved branded sales, better sales realisation of oilseed extraction, effective control on the costs and favourable business sentiment helped us to get better performance in the past one year. We are making our efforts to have good performance on a sustained basis in the times to come.”

An ITC spokesperson said: “ITC’s aspiration to be the No. 1 in the FMCG sector in its new consumer goods businesses is supported by its relentless effort to build world-class brands that create, capture and retain value in India. These brands have earned significant consumer franchise and in addition, we are looking at enhancing the competitiveness of the entire value chain.”

Ruchi Soya Plans Palm Processing Unit In State

 Ruchi Soya Industries, India’s largest cooking oil and soya food maker, plans to set up an oil palm processing mill in Odisha at an investment of Rs 30 crore.
“We will initially set up a 10 tonne per hour fresh fruit bunches (FFB)  processing mill next year. We are exploring for a location  in districts like Mayurbhanj, Balasore and Bhadrak. The plant will take two years for operations”, said Dinesh Shahra, founder and managing director, Ruchi Soya Industries.
The company has started oil palm cultivation on 28,000 hectares land in Mayurbhanj, Balasore, Bhadrak and Kendrapada districts for which the company has entered into a tripartite agreement with the state government and farmers.


Ruchi Soya processes about 0.52 million tonne oil palm per annum.


Apart from Odisha, Ruchi Soya is working with the farmers in the states of Andhra Pradesh, Mizoram, Gujarat, Tamil Nadu, Karnataka and Chhattisgarh. In Andhra Pradesh, Ruchi Soya has access to over 30,000 hectares of plantation. The company operates four oil processing mills in Andhra Pradesh with aggregate FFB processing capacity of 125 tonne  per hour.


“We also have plans to set up an oil refinery in Odisha”, he added.


On hiking the prices of edible oils in the wake of rupee weakening against the dollar, Shahra said, there is no concern for price rise as the international prices of edible oil are coming down and in India, the price is also falling because of the good domestic oil seed crops this year.


The company imported about 1.4 million tonne of both crude and edible oil last year.

Ruchi Soya partners Japan cos for edible oil

To introduce a super premium edible oil brand which Indian consumers have never witnessed, Ruchi Soya Industries, India’s leading food and agro-based FMCG player, has inked a joint venture with J-Oil Mills Inc and Toyota Tsusho Corporation (TTC), both from Japan.  Under the terms of agreement, a joint venture company would be formed soon by the probable name of Ruchi J-Oil in which Ruchi Soya would have a majority stake of 51%. While J-Oil, the technology partner in the joint venture, would have 26% stake with the remaining 23% proposed to rest with TTC.  “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,” said Dinesh Shahra, Founder and Managing Director, Ruchi Soya.

In the joint venture, however, Ruchi Soya would look into manufacturing, branding sales and distribution with the company’s existing expertise in these areas. For this, however, Ruchi would transfer its existing soya processing business in Shujalpur in Madhya Pradesh to the joint venture to fetch Rs 40 crore. The objective of this joint venture unit would be to introduce new edible oil for Indian market which local consumers have experienced in the past, a Ruchi Soya official said. The JV will be managed by a board consisting of representatives from all the three companies. The JV 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.

Justifying the need of such joint venture, Sumikazu Umeda, President & CEO, J-Oil Mills, said, “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.” “Ruchi J-Oil JV provides us appropriate crossover opportunity to leverage our 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,” said Yoshiki Miura, Managing Director, TTC.

Management Team

Mr. Kailash Shahra | Chairman - Ruchi Group of Industries

Mr. Kailash Chandra Shahra is a renowned industrialist and Chairman of Ruchi Group of Industries, an Industrial conglomerate of India. He is eldest son of Shri Mahadev Prasad ji Shahra.

He displayed his business acumen from an early age and soon after completing his graduation he joined his father's business of commission agents in edible oil trade.

It was his extra-ordinary vision and indefatigable efforts that Soyabean became 'Golden Seed... | Read More →

Mr. Suresh Shahra | Managing Director - Anik Industries Limited

Born on 29th June 1944, in the illustrious family of Shri Mahadeoji Shahra in Badnagar (M.P.), Shri Sureshji Shahra imbibed the fundamentals of business from his father's traditional business of commission agents in edible oil trade.

He was brought up under the able guidance of his father and elder brother Shri Kailashji Shahra. Since the beginning he distinguished himself in academics and later he graduated in Mechanical Engineering from the most acclaimed engineering institute SGSITS, Indore in 1967-68. Immediately he joined his father and his brother in running and expanding his family business... | Read More →

Mr. Santosh Shahra | He served as Managing Director of General Food Ltd and Ruchi Pvt Ltd.

Mr. Santosh Shahra is a renowned industrialist of the country. He is a graduate in Mechanical Engineering and has done MS from USA. He has over 35 years of experience in industry and management. After his returning from USA he started soybean processing plant & textured soybean protein. He worked as a Managing Director of General Foods Ltd. and Ruchi Pvt' Ltd. He worked in soybean industry for more than 15 years.

NUTRELA one of the leading brand of Soya food was the brain child of Mr. Santosh Shahra. He was fully instrumental in developing it, and under his leadership it became No. 1 brand in the country... | Read More →

Mr. Dinesh Shahra | Founder and Managing Director, Ruchi Soya Industries Ltd.

Mr. Dinesh Shahra is the Founder and Managing Director of Ruchi Soya Industries Limited. With the vision and commitment of Mr. Shahra, within a span of 25 years since its inception, Ruchi Soya grown from a 6 crore company to 30,000 crore worth, India’s biggest FMCG Company. Mr. Shahra was honoured as the Best CEO by Business World Magazine in 2010. Under the visionary leadership of Mr. Shahra, Ruchi Soya has been recipient of several awards for the highest exporter of Soya Meals and other products. Government o India has honoured Ruchi Soya for having the best energy efficient plants... | Read More →

Mr. Umesh Shahra | Managing Director - Ruchi Strips & Alloys Ltd. & Indian Steel Corporation Ltd.

Mr. Umesh Shahra is a alumnus of BITS, Pilani and IIM, Ahemdabad. He is son of Mr. Kailash Chandra Shahra, Chairman, Ruchi Group of Industries. After completing his studies he joined the business of processing of agro-commodities and edible oils in the year 1988.

Having inherent traits of his legendry father along with blend of Administrative & Entreprenial skills, he has given a major contribution in the steady growth of Ruchi Group. He is currently heading Ruchi Strips & Alloys Limited and Indian Steel Corporation Limited (ISC) as Managing Director... | Read More →

Mr. Manish Shahra | Executive Director - Anik Industries Limited

Mr. Manish Shahra,, holds a degree in Industrial Production Engineering and MBA(F). After completing his studies in the Year 1993 has joined the business of manufacturing of agri-commodities and edible oils.

Manish Shahra through his efforts and business acumen has applied his entrepreneur skills for taking the Ruchi group to new heights and providing new dimensions to the parental business of agri-commodities and edible oils. He has to his credit more than 15 years of experience... | Read More →

Mr. Nitesh Shahra | President Refinery

The 20-year old Ruchi Soya Industries Limited, a flagship company of the Ruchi Group of Industries and is one of the largest Agri business companies in India. The Man behind, is none other than Mr. Nitesh Shahra popularly known as "Sh. Nitesh Bhai". He is the youngest Promoter of the Group working in the capacity of "PRESIDENT" Refining Division. Sh. Nitesh is known for Business growth through his Vision, farsightedness and cutting edge decisions.

A very down to earth person, who started his initial training at his own manufacturing operations and hence on, has sharply given a different dimension to every facets of Edible Oil Business. By being highly strategic... | Read More →

Mr. Sarvesh Shahra | Business Head - FMCG and Specialty Ingredients, Ruchi Soya Industries Ltd.

Mr. Sarvesh Shahra heads the FMCG and the Specialty Ingredients businesses of Ruchi Soya Industries Limited. The Consumer Brands Division (FMCG) markets health and nutrition products under the Company’s flagship brand Nutrela. During the past few years, Sarvesh spearheaded the expansion of the product range, roll out of the new master brand strategy, and distribution coverage within India and relevant overseas markets..

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