Ruchi Soya expects acquired food business revenue to cross Rs. 22000 crore in 5 years

The deal worth ₹690 crores for acquiring Baba Ramdev-led Patanjali Ayurved’s food retail business, has led to an exponential change in Ruchi Soya’s growth trajectory going forward.

The deal worth 690 crores for acquiring Baba Ramdev-led Patanjali Ayurved’s food retail business, has led to an exponential change in Ruchi Soya’s growth trajectory going forward.

Ruchi Soya, the largest edible oil all over India, expects its food portfolio to cross a revenue mark of 22,000 crores. Moreover, in the next five years after this expected Patanjali deal.

The transition of employees, customers, sales and distribution network and takeover of the manufacturing plants situated at Padartha district in Haridwar. As well as Newasa unit In Maharashtra is expected to be complete in July.

Patanjali’s food business has registered growth of 28%. Which was worth over 4174 crore Indian rupees compared to the last fiscal year.

As per the acquisition deal, Ruchi Soya has to roll 1850 employees of Patanjali. To various departments in the company.

Patanjali has a large retail network all over India compared to Ruchi Soya. The network has reached every corner of the nation due to Patanjali’s strong research and development team situated in the Haridwar plant.

A diverse product range has given ample space to expand in pharmacies, chemists and medical stores in India.

The boarding of an experienced team will bring quality to the team culture. And the combined sales team of Ruchi Soya and Patanjali will help reach the set goal.

The sales efficiency will increase multifold due to the diverse food portfolio. It is expected that the combined portfolio is expected to cross the revenue range of 22000 crore Indian rupees. Which would be in the next five years.

The Ruchi Soya Industries Ltd will be renamed as Patanjali Foods Ltd after regulatory approvals.

 

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