December 09, 2016 7:12 PM ET

Food Products

Company Overview of Adani Wilmar Limited

Company Overview

Adani Wilmar Limited refines and produces edible oils. It also offers vanaspati, packed basmati rice, pulses, soya chunks, and besan; and specialty fats, lauric range products, castor oils, oleo chemicals, and non-GMO soya products. The company exports its products to countries in the Middle-East; South East Asia and East Africa, including Singapore, Australia, and New Zealand; Ukraine; and others. It provides its products through distributors. The company was incorporated in 1999 and is based in Ahmedabad, India. Adani Wilmar Limited is a joint venture between Adani Enterprises Limited and Wilmar International Limited.

Fortune House

Near Navrangpura Railway Crossing

Ahmedabad,  380 009

India

Founded in 1999

Phone:

91 79 2555 5650

Fax:

91 79 2555 5621

Key Executives for Adani Wilmar Limited

Managing Director, Director, Member of Management Committee and Member of Audit Committee
Age: 52
Managing Director
Age: 38
Compensation as of Fiscal Year 2016.

Adani Wilmar Limited Key Developments

Adani Wilmar and Ruchi Soya Propose to Join Hands to Create FMCG Companies

Ruchi Soya Industries Limited and Adani Wilmar Limited announced that they have agreed to combine their respective procurement, marketing, distribution and sales businesses, for the products mentioned below. 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% in the joint venture company, and Ruchi Soya will hold 33.34%. A non-binding term sheet has been signed in this regard. This proposed new 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 optimized to provide the utmost standards of quality and handling, at the lowest cost possible. The proposed transaction is subject to due diligence, definitive binding documentation, applicable regulatory and other approvals and certain other terms and conditions. Further announcements will be made at an appropriate stage. The joint venture company will have the exclusive right to originate, market and distribute finished products from the following manufacturing businesses of Adani Wilmar and Ruchi Soya in India: Oil seeds and Vegetable Oils, Oil seeds crushing/extractions/refining, derivatives and by-products; Soya foods, by-products and all other food products; Oleochemicals; Biodiesel; Grains; and Castor oil and derivatives. The joint venture was conceived looking at India's complex agricultural environment, where declining farm productivity has come in the face of rising consumption patterns amongst India's growing population. This mismatch can be partially eased by optimizing and improving the supply chain networks of Adani Wilmar and Ruchi Soya. The planned integration of activities will help both companies realize savings in terms of origination efficiencies across distribution, handling and sales.

Adani Wilmar Seeks Acquisitions

Angshu Mallick, Chief Operating Officer of Adani Wilmar Limited said, “We plan to spend Rs. 150 crore over the next 12-18 months to acquire two or three brown field rice mills and upgrade them”.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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