Thursday, January 19, 2017
Ruchi Soya ranked number one co in food & agri product sector in India
Thursday, 29 December, 2016, 08 : 00 AM [IST]
Our Bureau, Mumbai
Fortune Magazine’s latest issue on India’s 500 largest corporations ranked Ruchi Soya Industries Ltd as the number one company in the food and agri product sector in India. The company, which recorded a revenue of over Rs 27,000 crore in financial year 2015-16, was ranked 83rd among India’s 500 largest corporations by the magazine. It was the only food and agri company in the top 100 of the Fortune India 500 list.
Dinesh Shahra, managing director, Ruchi Soya Industries Ltd, said, “We are delighted to be ranked as India’s number one food and agri product company by a reputed global brand like Fortune. The latest Fortune 500 report reaffirms Ruchi Soya’s leadership position in the country’s food and agri sector.”
“Despite challenging times, we are committed to setting a path of high growth in our branded portfolio in 2017 along with an overall consolidation theme in the edible oil business. The increasing traction of Ruchi Soya’s brands like Nutrela, Sunrich, Mahakosh, Ruchi Gold and Ruchi Star will also bolster our revenues in the next two or three years.”
The Fortune India 500 list is a ranking of the top corporations in the country, compiled on the basis of latest sales and gross revenue figures. Fortune magazine publishes it annually. The list ranks publicly traded companies by their annual audited total income for the financial year ending on or before June 30. The list, which has been published in its current form since 2010, also includes financial corporations and service providers, leading by revenue.
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