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Ruchi Soya, Adani Wilmar Team Up To Create FMCG Company

It is proposed that Adani and Wilmar will, through Adani Wilmar, jointly hold an equity stake of 66.66 per cent in the joint venture company, and Ruchi Soya will hold 33.34 per cent

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Adani Wilmar, a joint venture between Adani Enterprises and Wilman, has agreed to partners with Ruchi Soya Industries to create one of India’s leading FMCG companies, according to a press statement.

Dinesh Shahra, Founder and Managing Director, Ruchi Soya Industries Limited said “Our company is truly honoured to be able to partner with such reputable conglomerates, and together we feel we will be able to leverage on each other’s strengths to truly make a difference to the agricultural backdrop of the country".

"This joint venture will not only enable us to continue with our core manufacturing operations via toll processing arrangements, but also to capture the synergistic value by working closely together and learning from each other’s experience to make things more lean and efficient," he added.

It is contemplated that a new joint venture company will be formed which will own and manage all procurement, sales and marketing of the below mentioned businesses of the respective parties, and each party will also contribute its portfolio of brands in relation to the products mentioned below. The manufacturing requirements of the joint venture company are proposed to be fulfilled by Adani Wilmar and Ruchi Soya.

It is proposed that Adani and Wilmar will, through Adani Wilmar, jointly hold an equity stake of 66.66 per cent in the joint venture company, and Ruchi Soya will hold 33.34 per cent. A non-binding term sheet has been signed in this regard.

This integrated platform is expected to have significant value for both the Indian farmer, in terms of efficient handling of produce and sales realisation, as well as for the Indian consumer, who will stand to gain from an increased range of high quality finished products through distribution networks that will be optimised to provide the highest standards of quality and handling, at the lowest cost possible.

Overall benefits expected to accrue to both the Indian farmer, by way of fair value realisation for farm output, and the Indian consumer, in the form of competitively priced finished goods with market-leading emphasis on variety and quality.


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ruchi soya industries adani wilmar fmcg dinesh shahra