About
Adani Wilmar Ltd
Adani Wilmar Limited 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. The company offers its products through distributors, super stockists, brokers, and other trade associates. It exports its products to the Middle East countries, Southeast Asian countries, Africa, Ukraine, and Ghana.
The company was founded in 1999 and is based in Ahmedabad, India. Adani Wilmar Limited is a joint venture between Adani Enterprises Ltd. and Wilmar International Limited.
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.
The company will utilise the IPO proceeds Rs 1900 crore for capital expenditure,Rs 1059 crore to repay the debt and Rs 450 crore to fund acquisitions and investments.
Adani Wilmar Ltd
Chairman Speech
Overview
I am pleased to present our first Annual Report after our listing on
the National Stock Exchange and BSE on 8th February 2022. The world is coming
out of a difficult phase. At the beginning of last year we saw one of the most extreme
phases of the COVID-19 pandemic in which we not only experienced the loss of economic
activity but also a tremendous human toll. Despite these disruptions, your Company
persevered to report one of the best performances on its record. The success that we had
in FY2021-22 would not have been possible without the unwavering support of our consumers,
shareholders, partners, stakeholders and colleagues.
While the industry witnessed one of the most volatile years in the
history of vegetable oil markets, your Company reported a compounded annual growth rate
(CAGR) of 18% for revenue, 19% CAGR for earnings before interest, tax depreciation and
amortisation (EBITDA) and 26% CAGR for profit after tax (PAT) over a period of five years.
India has a large potential in the food business and that belief is
directing us to expand our product portfolio and meet the aspirations of the modern
consumer. The Company has created some of the strongest food brands, robust distribution,
state-of-the-art manufacturing facilities and sourcing capabilities to scale its foods
business aggressively and achieve its vision to become the leading food FMCG (fast moving
consumer goods) player in India.
To realise our aspiration of becoming the leading food FMCG player, we
continued strengthening our capabilities and empowering our integrated manufacturing
facilities across the country. Today, 'Fortune' reaches more than 1.6 Mn retail outlets
and 113 Mn households, making it the largest selling edible oil brand and a premium
household brand in the country. Using the brand strength of 'Fortune', we have created a
platform through which we can launch premier food products.
Our endeavor to deliver safe and hygienic products will remain a
priority and we will continue to ensure that we meet highest standards of quality and
safety.
I am proud that we have been able to create a positive impact on the
lives of people by delivering products that promise uncompromised quality, taste and good
health. I believe that with the continued dedication of our trusted partners, colleagues
and shareholders, Adani Wilmar will continue to reach new heights in the coming years.
Kuok Khoon Hong,
Chairman
  Â
Adani Wilmar Ltd
Company History
Adani Wilmar Limited 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. The company offers its products through distributors, super stockists, brokers, and other trade associates. It exports its products to the Middle East countries, Southeast Asian countries, Africa, Ukraine, and Ghana.
The company was founded in 1999 and is based in Ahmedabad, India. Adani Wilmar Limited is a joint venture between Adani Enterprises Ltd. and Wilmar International Limited.
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.
The company will utilise the IPO proceeds Rs 1900 crore for capital expenditure,Rs 1059 crore to repay the debt and Rs 450 crore to fund acquisitions and investments.
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 |
KHOON HONG KUOKANGSHU MALLICK| Company Secretary | Darshini Lakhani |
| Auditor | Shah Dhandharia & 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 |
|---|
| KHOON HONG KUOK | Chairman (Non-Executive) | 2022 |
| ANGSHU MALLICK | Managing Director & CEO | 2022 |
| Pranav Adani | Director | 2022 |
| Malay Mahadevia | Director | 2022 |
| Madhu Rao | Independent Director | 2022 |
| Dorab Erach Mistry | Independent Director | 2022 |
| Dipali Sheth | Independent Director | 2022 |
| Anup P Shah | Independent Director | 2022 |
| Darshini Lakhani | Company Sec. & Compli. Officer | 2022 |
| Kuok Khoon Hong | Non Executive Director | 2022 |
Adani Wilmar Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_FMCG |
| BSE_200 |
| BSEDOLLEX |
| NIFTYJR |
| CNX500 |
| CNX100 |
| CNX200 |
| NFT100EQWT |
| BSEALLCAP |
| BSELARGECA |
| LMI250 |
| BSE100LTMC |
| NFTYLM250 |
| NF500M5025 |
Adani Wilmar Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sales | NA | 0 | 0 | 0 | 28701.986 |
| Other Operating Income | NA | 0 | 0 | 0 | 100.223 |
| Others | MT | 0 | 0 | 0 | 0 |
| Storage Income | NA | 0 | 0 | 0 | 0 |
| Commission Income | NA | 0 | 0 | 0 | 0 |
| 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 |