Edible oils sector is one of the major sources of economy in the food industry due to its various uses in cooking,frying,baking etc.coconut oil,palm oil,sunflower oil,olive oil,rice bran oil,soya oil,mustard oil,sesame oil,peanut oil are some of the edible oil used. Being unsaturated fats they are considered healthier than other fats obtained from animals and also provides employment opportunities for agrobased workers .hence many steps have been taken towards development of this sector.
India is a major producer of edible oil and as per estimates released by the Ministry of Agriculture contributes to about 6-7% worlds production. Export of edible oil was 38317.56 tons valued at Rs 46040.37 lakhs in the financial year 2016-17. Here are the top 10 edible oil companies in India 2018 who have a strong foothold and a wide market in India.
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10. GUJARAT AMBUJA (GAEL)
With a humble beginning in 1983 and with just a textile processing unit, the company established its first edible oil refinery in 1986 with its main branch located in Ahmedabad.Now the company produces and markets the edible oil under the brand name Ambuja.palm oil,cotton seed oil and soyabean oil are some of the companies main products’.Ambuja Refined Soyabean Oil claims that it contains more than 60% PUFA (Poly Unsaturated Fatty Acids ), useful for health, in order to maintain the level of cholesterol (LDC).
9. RASOYA PROTEIN LIMITED
Established in the year 1992 as a public limited company in the state of Maharashtra ,Rasoya protein was formerly known as Maharashtra Soya Industries Ltd.operate three vegetable oil refineries located at Paradeep (Odisha), Kandla (Gujarat) and Kurkumbh (Maharashtra)The processing units of Solvent Extraction and Oil Refinery are in Yavatmal District of Maharashtra. Rasoya Protein Limited sells edible oils under the brand name of Rasoya and Sunsafe the the company manufactures and sells sunflower oil and soyabean oil.
8. RUCHI SOYA INDUSTRIES LIMITED
Ruchi is one of the well known brands of edible oil for over two decades was established in the year 1986. it’s brands include Nutrela, Mahakosh, Sunrich and Ruchi Gold. Ruchi Soya has been ranked at 175 in the top 250 consumer products companies, in the “Global Powers of the Consumer Products Industry 2012”, according to report published by Deloitte Touche Tohmatsu (Deloitte).It has 20 manufacturing plants across India and has a revenue of RS 24,000 crore.
Cargill Foods India processes, refines and markets a wide range of indigenous and imported edible vegetable oils, fats and blends for the food industry. An american company,began operating in India in the year 1987 and is a famous edible oil sold with market name Gemini , NatureFresh,Sunflower Vanaspati , Sweekar ,Leonardo and Rath and claims to be fortfied with vitamins A, D and E, which are essential for proper growth, cognitive development and overall health.the edible oil refineries operate at three vegetable oil refineries located at Paradeep (Odisha), Kandla (Gujarat) and Kurkumbh (Maharashtra).
6. BUNGE LTD
Bunge limited is a international brand manufacturing agri based products operating in 6 coninrnts across the globe.established in the year 1818 it started operating in India in the year 1958. Gagan vanaspati, Gagan Gold vanaspati,Ginni plus refined palm oil,Bansari pure mustard oil are the various products marketed by the company .Dalda became a very famous product in India .
5. VIMAL OIL AND FOODS LTD.
Vimal Oil & Foods Ltd. is an edible oil company came into existence in the year 1993 in Mehsana, Gujarat, with a small 50-ton refinery, and today it has evolved into a fully integrated and automatic oil-processing unit with an annual turnover or Rs. 300 crore.The company sells oils under the brand name of Vimal, which offers varieties of oils like Groundnut Oil, Mustard Oil, Soyabean Oil, Sunflower Oil, palm kernel oil etc. It is one amongst top 10 edible oil companies in India 2018.
4. MOTHER DIARY
It is a subsidiary of National Diary Development board (NDDB). Initially established to promote diary products, the edible oil production started in under” Opetation Golden Flow” with the brand name Dhara. They manufacture Dhara Life Ricebran Oil,Refined Cotton seed oil,Refined Soyabean Oil,Refined Vegetable Oil,Filtered Groundnut Oil etc. After some ups and downs,due to change in liberalisation rules by government, now the company is a 350+crore brand.
3. AGRO TECH FOODS LIMITED (ATFL)
The company offers edible oils under the brand name of Sundrop , which was introduced in the year 1989 with its corporate office in Gurgaon. Sundrop offers edible oils that contain Oryzanol, Vitamins and Fatty Acids , which ensure good health and helps in lowering the cholesterol level. Heart Lite, NutriLite and Slimlite are some of the variants of Sundrop Oil.
2. ADANI WILMAR LIMITED
Adani Wilmar Limited (AWL) is a joint venture incorporated in January 1999 between Adani Group with Wilmart international.Fortune is the most prestigious brand in the Adani Wilmar portfolio. This group introduced and pioneered ‘soybean oil’ in India and promoted health awareness.Fortune became the no.1 brand in the market within just 2 years of its launch and still continues to be a leader.
It is a Mumbai based leading edible oil brand of India started in the year 1991.Harsh Mariwala is the chairman and Saugata Gupta is MD and CEO of this organisation. The edible oil cinsisting various proportion of safflower oil,rice bran oil and soya oil, is sold under the brand name of Saffola, three variants Active,Gold and Total. It is the most selling edible oil brand in the country. Multi-seed Technology,The Nutri Lock Technology,Losorb Technology,Antioxidant technology makes it the most liked edible oils amongst the consumers and fetches the company profits as high as inr 5733.3 crores during 2016.
Thus this completes the list of top 10 edible oil companies in India 2018. These companies are well known for their quality and health concerned products.