Patanjali Foods

Patanjali Foods, formerly known as Ruchi Soya Industries Ltd, is an Indian multinational Fast-moving consumer goods company specialized in the food industry, part of the Patanjali Ayurved. It headquartered in Indore, India.

History
Ruchi Soya Industries Limited was founded in 1986 by Dinesh Sahara, to manufacturer Soybean edible oil.

In January 2010, the company acquired a 50 percent stake in Gemini Edibles & Fats for ₹45 crore, until the whole company was purchased by the Widjaja family of Indonesia in 2014.

In December 2017, Ruchi Soya Industries entered into insolvency because of its total debt of about ₹12,000 crores. In December 2019, Patanjali Ayurved acquired the bankrupt Ruchi Soya for ₹4,350 crore.

In June 2021, Ruchi Soya acquired the biscuits and noodles business of Patanjali for ₹60 crore. It acquired the food business of Patanjali Ayurved for around ₹690 crore in May 2022. The company changed its name to Patanjali Foods in June 2022.

In 2023, SEBI froze promoters shares for failing to allow the minimum public shareholding in listed companies at 25%.