About
Adani Wilmar Ltd
Adani Wilmar Limited was founded in 1999 as a 50:50 joint venture between Adani Group of India and Wilmar Group of Singapore. The
Company is one of the largest FMCG companies in India. The Company is a provider of Edible Oil, Vanaspati, and Specialty Fats. The Company offers soyabean oil, sesame oil, sunflower oil, cottonseed oil, groundnut oil, mustard oil, groundnut oil, and coconut oil, as well as vegetable ghee. It serves households and institutional buyers. It offer products through distributors, super stockists, brokers, and other trade associates. It exports products to The Middle East countries, South East Asian countries, Africa, Ukraine, and Ghana.
During the year 2003-2004, the company launched Kachhi Ghani Mustard Oil and Filtered Ground Nut Oil. The company also developed one of the largest and most penetrating distribution networks through its 'Fortune' brand. During the year, the company initiated the process of acquiring two seed processing units with refining facility and in the same year, it implemented additional manufacturing facilities consisting of 1000 MT refinery, 200MT Vanaspati plant, Extension of packing lines and 3.8 MW coal based Co-generation power plant at Mundra.
During the year 2004-2005, the company developed Specialty Fat product with different grades to meet the requirements of different market segments. During the year, the company acquired an integrated Oilseed processing complex at Mantralayam, A.P and in the same year, the company implemented Co-generation power plant of 3.80 M.W. The company also acquired another Oilseed- processing units at Budi, Rajastan.
During the year 2006-2007, the company increased the installed capacity of Edible Oil from 963500 MT to 1051200 MT. Also, the company increased the installed capacity of Vanaspati from 118625 MT to 155125. During the year, the company launched Coconut oil brand 'Naturelle'. During the year 2007-2008, the company acquired a small refinery Kadi, District Mehsana in Gujarat. It increased the installed capacity of Edible Oil from 1051200 MT to 1052340 MT. Also, it undertook expansion of Chilling & Filtration plant at Mundra and putting up a Hydrogenation plant at Haldia.
During the year 2008-2009, the company successfully completed the implementation of Chilling, Filtration and Bakery Shortening plant at Mundra, Gujarat, Hydrogenation plant at Haldia, West Bengal and started commercial production. During the year, the company started implementation of 1000 TPD solvent extraction plant at Bundi and in the same year, the company launched new brands namely, 'King's', 'Bullet' and 'Ivory'. The company also introduced 'Raag Gold' Refined Palmolien oil.
During the year, the company increased the installed capacity of Seed Crushing from 310250 MT to 770800 MT and also, it the increased installed capacity of Vanaspati from 155125 MT from 164125 MT.
On 09 January 2015,the company has allotted 4936180 equity shares of Rs 10 each at a premium of Rs 115 per share on rights basis.
Pursuant to a resolution passed by our Shareholders on 05 May 2021, the Company sub-divided the face value of its equity shares from Rs 10 each to Re 1 each.
During the month of January 2022,the company came out with an Rs 3600-crore public issue which was entirely a fresh issue of shares.The IPO shares were allotted at the price of Rs 230 per share including a premium of Rs 229 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 08 February 2022.
During 2022-23, the Company launched premium regional variants in West Bengal to capture Non-Basmati market. It launched the basmati rice brand, 'Kohinoor'. It launched two new TVCs - Fortune Soyabean Oil and Fortune Sunlite Sunflower Oil. It launched edible oil product through its Mundra refinery. It launched Fortune Poha in 2022. It launched Fortune Xpert Total Balance, a new product featuring three blended oils.
The Company introduced its premium regional rice facility in Burdwan. Kohinoor Hyderabadi Biryani Kit was launched in ready-to-cook category to expand Health & Convenience product portfolio. It introduced two new variants of Khichdi, launched two variants of Poha, Indori Poha and Thick Poha. It introduced oleo-derivatives with application in Polymer additives, Lubricants, Home and Personal care, Agrochemicals and Food additives. It commissioned a Wheat Flour Manufacturing Unit in Bundi, Rajasthan. Additionally, a 1.3 MW at Hazira and 0.9 MW at Kadi Solar Power Plant with advanced robotics cleaning arrangements was commissioned at Hazira, expanding the installed capacity to 4.3 MW. It installed Micro Turbines at Hazira Plant, to generate power. It enhanced power factor by 4% at the 66- kW substation in the Mundra refinery by replacing degraded components. The Company made investments costing Rs 673 Crore in capacity addition and technological advancements. It augmented the refining capacity of rice bran oil at Mantralayam from 70 TPD to 100 TPD to meet the growing market demand. It expanded the refining capacity of sunflower oil at Kakinada from 300 TPD to 450 TPD. At the oleochemical plant in Mundra, a Multipurpose Reactor of 8 KL capacity was installed to produce various oleo chemical derivatives. It expanded the hydrogenation capacity by adding a new 300 TPD continuous hydrogenation plant. It converted two store wheat and mustard by adding the conveying equipment at Bundi. At the Castor Plant located at Pragapar, Mundra, it installed a Bulk Container Loading System (BCLS) to load the castor meal. It invested in automating its pouch filling line at refineries in Alwar and Hazira by installing robotic arms and carton erector, to automate the secondary filling. It upgraded the existing firefighting system at Mundra Oleo Plant by putting a foambased fire suppression system. It commissioned Process Information Management System (PIMS) in nearly 9 plants. It commissioned 1.3 MW solar power plant at Hazira and another 0.2 MW solar plant at Kadi. It installed a zero liquid discharge (ZLD) plant at refinery in Saoner, Nagpur.
Adani Wilmar Ltd
Chairman Speech
I would first like to thank Mr. Kuok Khoon Hong for his outstanding stewardship to the
Board as the Chairman of the Board from June 2019 to November 2022. He has taken the role
of Vice Chairman (Non-executive) of the Board, paving the way for an Independent Director
to assume the role of Chairman. I also thank the Board for posing faith in me to serve as
the Chairman of Board.
I am pleased to present to your Company's second Annual Report after a successful
listing last year. Today, we are the number one edible oil company in the country, with a
dominant market share of 19.5%. Our foods business is registering a high double-digit
growth, and we will play a key role in India's foods sector.
As India races to become the third largest economy in the world by 2030, I expect an
increasing rise in the consumer's purchasing power. This presents a huge opportunity to
cater to a steeply rising demand in the foods sector. This belief has guided your Company
in its endeavors to scale its reach, invest in its food processing capacity and expand its
product portfolio to more food products to address the growing demand of Indian consumers.
Over the years, your Company created one of India's most trusted food brands
‘Fortune', deep sourcing capabilities, state-of-the-art manufacturing facilities,
extensive supply chain and robust distribution network for its edible oil business. These
strengths are helping your Company in scaling the foods business rapidly towards achieving
its vision of providing most of the essential needs of household kitchens across India. We
are witnessing the transformation of India, marked by rapid economic growth, increased
adoption of technology, enhanced literacy levels and active workforce participation by
women. These realities are translating into consumers making informed decisions,
purchasing quality & hygienic products, providing us a great scope to drive the
conversion of unbranded to branded. At the same time, the incidence of out-of-home
consumption is on the rise, contributing to a significant proportion of the total food
consumed. The HoReCa segment is value conscious, making it imperative that this segment is
also serviced with quality ingredients at an affordable price, for a healthy growing
nation. The organised food industry has an excellent opportunity to address the
nutritional needs of young India at scale and at low cost through fortification of the
minerals, and other essential nutrients, making a significant difference in the health and
wellness of the population. Plant-based proteins like soya derivative products and pulses
are a sustainable way to improve the protein intake of the large population of 1.4 Bn
people in India.
I am proud that Adani Wilmar has been able to create a positive impact in the lives of
people by delivering products that promise uncompromising quality, taste, and good health.
The Company is making rapid strides in bringing essential staple foods at scale to
consumers across the staple food categories. Adani Wilmar has consciously chosen to be
present in select products, with range of offerings and can easily serve all kinds of
customers, even with customised offerings, given our product expertise. This focus on few
products is enabling the Company to manage the complexity that comes with size and a wide
presence across markets and customer segments - from household to HoReCa to Institutional
buyers to exports.
It has been only 24 years since the inception of your Company. The Company has now
reached a point where it has stitched together its significant capabilities to deliver a
wider impact across the food basket. A momentous journey has just commenced, and we have a
long way to go to transform this important industry.
The Company will continue to deliver safe, nutritious and quality products by bringing
together its state-of-art manufacturing assets, quality processes and team commitment. The
Adani Wilmar team will continue to extend its geographical reach and go essentials with
vitamins, deeper into markets, while exploring avenues in more food categories, addressing
the needs of a healthy growing nation.
With the continued dedication of our trusted partners, colleagues and shareholders,
Adani Wilmar will continue to evolve into a stronger entity, surpassing all our
expectations and continue to create value for all its stakeholders.
Dorab Mistry
Chairman & Independent Director.
  Â
Adani Wilmar Ltd
Company History
Adani Wilmar Limited was founded in 1999 as a 50:50 joint venture between Adani Group of India and Wilmar Group of Singapore. The
Company is one of the largest FMCG companies in India. The Company is a provider of Edible Oil, Vanaspati, and Specialty Fats. The Company offers soyabean oil, sesame oil, sunflower oil, cottonseed oil, groundnut oil, mustard oil, groundnut oil, and coconut oil, as well as vegetable ghee. It serves households and institutional buyers. It offer products through distributors, super stockists, brokers, and other trade associates. It exports products to The Middle East countries, South East Asian countries, Africa, Ukraine, and Ghana.
During the year 2003-2004, the company launched Kachhi Ghani Mustard Oil and Filtered Ground Nut Oil. The company also developed one of the largest and most penetrating distribution networks through its 'Fortune' brand. During the year, the company initiated the process of acquiring two seed processing units with refining facility and in the same year, it implemented additional manufacturing facilities consisting of 1000 MT refinery, 200MT Vanaspati plant, Extension of packing lines and 3.8 MW coal based Co-generation power plant at Mundra.
During the year 2004-2005, the company developed Specialty Fat product with different grades to meet the requirements of different market segments. During the year, the company acquired an integrated Oilseed processing complex at Mantralayam, A.P and in the same year, the company implemented Co-generation power plant of 3.80 M.W. The company also acquired another Oilseed- processing units at Budi, Rajastan.
During the year 2006-2007, the company increased the installed capacity of Edible Oil from 963500 MT to 1051200 MT. Also, the company increased the installed capacity of Vanaspati from 118625 MT to 155125. During the year, the company launched Coconut oil brand 'Naturelle'. During the year 2007-2008, the company acquired a small refinery Kadi, District Mehsana in Gujarat. It increased the installed capacity of Edible Oil from 1051200 MT to 1052340 MT. Also, it undertook expansion of Chilling & Filtration plant at Mundra and putting up a Hydrogenation plant at Haldia.
During the year 2008-2009, the company successfully completed the implementation of Chilling, Filtration and Bakery Shortening plant at Mundra, Gujarat, Hydrogenation plant at Haldia, West Bengal and started commercial production. During the year, the company started implementation of 1000 TPD solvent extraction plant at Bundi and in the same year, the company launched new brands namely, 'King's', 'Bullet' and 'Ivory'. The company also introduced 'Raag Gold' Refined Palmolien oil.
During the year, the company increased the installed capacity of Seed Crushing from 310250 MT to 770800 MT and also, it the increased installed capacity of Vanaspati from 155125 MT from 164125 MT.
On 09 January 2015,the company has allotted 4936180 equity shares of Rs 10 each at a premium of Rs 115 per share on rights basis.
Pursuant to a resolution passed by our Shareholders on 05 May 2021, the Company sub-divided the face value of its equity shares from Rs 10 each to Re 1 each.
During the month of January 2022,the company came out with an Rs 3600-crore public issue which was entirely a fresh issue of shares.The IPO shares were allotted at the price of Rs 230 per share including a premium of Rs 229 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 08 February 2022.
During 2022-23, the Company launched premium regional variants in West Bengal to capture Non-Basmati market. It launched the basmati rice brand, 'Kohinoor'. It launched two new TVCs - Fortune Soyabean Oil and Fortune Sunlite Sunflower Oil. It launched edible oil product through its Mundra refinery. It launched Fortune Poha in 2022. It launched Fortune Xpert Total Balance, a new product featuring three blended oils.
The Company introduced its premium regional rice facility in Burdwan. Kohinoor Hyderabadi Biryani Kit was launched in ready-to-cook category to expand Health & Convenience product portfolio. It introduced two new variants of Khichdi, launched two variants of Poha, Indori Poha and Thick Poha. It introduced oleo-derivatives with application in Polymer additives, Lubricants, Home and Personal care, Agrochemicals and Food additives. It commissioned a Wheat Flour Manufacturing Unit in Bundi, Rajasthan. Additionally, a 1.3 MW at Hazira and 0.9 MW at Kadi Solar Power Plant with advanced robotics cleaning arrangements was commissioned at Hazira, expanding the installed capacity to 4.3 MW. It installed Micro Turbines at Hazira Plant, to generate power. It enhanced power factor by 4% at the 66- kW substation in the Mundra refinery by replacing degraded components. The Company made investments costing Rs 673 Crore in capacity addition and technological advancements. It augmented the refining capacity of rice bran oil at Mantralayam from 70 TPD to 100 TPD to meet the growing market demand. It expanded the refining capacity of sunflower oil at Kakinada from 300 TPD to 450 TPD. At the oleochemical plant in Mundra, a Multipurpose Reactor of 8 KL capacity was installed to produce various oleo chemical derivatives. It expanded the hydrogenation capacity by adding a new 300 TPD continuous hydrogenation plant. It converted two store wheat and mustard by adding the conveying equipment at Bundi. At the Castor Plant located at Pragapar, Mundra, it installed a Bulk Container Loading System (BCLS) to load the castor meal. It invested in automating its pouch filling line at refineries in Alwar and Hazira by installing robotic arms and carton erector, to automate the secondary filling. It upgraded the existing firefighting system at Mundra Oleo Plant by putting a foambased fire suppression system. It commissioned Process Information Management System (PIMS) in nearly 9 plants. It commissioned 1.3 MW solar power plant at Hazira and another 0.2 MW solar plant at Kadi. It installed a zero liquid discharge (ZLD) plant at refinery in Saoner, Nagpur.
Adani Wilmar Ltd
Directors Reports
Adani Wilmar Ltd
Company Background
| Incorporation Year | 1999 |
| Registered Office | Fortune House,Near Navrangpura Rlwy.Crossing
Ahmedabad,Gujarat-380009 |
| Telephone | 91-79-26455848/26565555,Managing Director |
| Fax | 91-79-25555616 |
Dorab Erach MistryANGSHU MALLICK| Company Secretary | Darshini Lakhani |
| Auditor | S R B C & Co LLP/Dharmesh Parikh & Co LLP |
| Face Value | 1 |
| Market Lot | 1 |
| Listing | BSE,NSE, |
| Registrar | Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,Vikhroli West,Mumbai-400083 |
Adani Wilmar Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Kuok Khoon Hong | Vice Chairman | 2023 |
| ANGSHU MALLICK | Managing Director & CEO | 2023 |
| Pranav Adani | Director | 2023 |
| Malay Mahadevia | Director | 2023 |
| Madhu Rao | Independent Director | 2023 |
| Dorab Erach Mistry | Chairman (Non-Executive) | 2023 |
| Dipali Sheth | Independent Director | 2023 |
| Anup P Shah | Independent Director | 2023 |
| Darshini Lakhani | Company Sec. & Compli. Officer | 2023 |
Adani Wilmar Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_FMCG |
| BSE_200 |
| BSEDOLLEX |
| CNX500 |
| BSEALLCAP |
| BSELARGECA |
| LMI250 |
| BSE100LTMC |
| NFTYLM250 |
| NFTYMC150 |
| NFTYMSC400 |
| NFTY100ESG |
| NF500M5025 |
| NFTYTOTMKT |
Adani Wilmar Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sales | NA | 0 | 0 | 0 | 55179.13 |
| Other Operating Income | NA | 0 | 0 | 0 | 83.31 |
| Commission Income | NA | 0 | 0 | 0 | 0.01 |
| By Product | MT | 0 | 0 | 0 | 0 |
| Seeds | MT | 0 | 0 | 0 | 0 |
| Oil-Edible | MT | 0 | 0 | 0 | 0 |
| Vanaspati | MT | 0 | 0 | 0 | 0 |
| Sugar | NA | 0 | 0 | 0 | 0 |
| Non Edible Oil | MT | 0 | 0 | 0 | 0 |
| Excise duty | NA | 0 | 0 | 0 | 0 |
| Cargo Handling Charges | NA | 0 | 0 | 0 | 0 |
| Processing Income | NA | 0 | 0 | 0 | 0 |
| Agro Products | MT | 0 | 0 | 0 | 0 |
| Cakes | MT | 0 | 0 | 0 | 0 |
| Others | MT | 0 | 0 | 0 | 0 |
| Storage Income | NA | 0 | 0 | 0 | 0 |