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Adani Wilmar Limited

From EverybodyWiki Bios & Wiki



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Adani Wilmar Limited
Public
Traded as
ISIN🆔INE699H01024
IndustryFMCG
Founded 📆1999 (1999)
Founder 👔Gautam Adani
Headquarters 🏙️,
Ahmedabad
,
India
Area served 🗺️
Worldwide
Key people
Products 📟 
Revenue🤑 Increase ₹52,361.01 crore (US$7.3 billion) (2021)[3]
Increase ₹14,960.37 crore (US$2.1 billion) (2022)
Increase ₹807.94 crore (US$110 million) (2022)
Total assetsIncrease ₹43,233 crore (US$6.0 billion) (2022)[4]
Total equityIncrease ₹129.97 crore (US$18 million) (2022)
Members
Number of employees
1189 (2022)
ParentAdani Group
🌐 Websitewww.adaniwilmar.com
📇 Address
📞 telephone

Adani Wilmar Limited (AWL) is a food and beverage conglomerate based in India.[5] It is a joint venture between Adani Enterprises and Wilmar International.[6] The company was founded in 1999 and has its headquarters in Ahmedabad, India.[7] As of date the group has 22 plants located across 10 states in India.[8] It exports its products to the Middle East, Africa, and South East Asia.[9]

History[edit]

Adani Wilmar Ltd. was incorporated in 1999 as an equal joint venture between Adani Enterprises and Singapore based Wilmar International.[10][11]

Adani Wilmar's brand Fortune is an edible oils & foods brand.[10] Between 2014 and 2017, the company launched other packaged products such as rice, soya chunks, and flour under the same brand name.[12] Between 2019 and 2020, the company entered the personal care market under the brand Alife. During the same period, AWL entered the Ready to cook (RTC) products market.[9] As of 2021, the company had 18.3% market share of the branded edible oil market in India.[13][14]

Adani Wilmar opened its three-day initial public offering (IPO) on 27 January 2022 and the issue closed on 31 January 2022. The listing happened on 8 February 2022.[10]

Subsidiary, acquisition & joint ventures[edit]

In 1993, BEOL (Bangladesh Edible Oil Limited), was established in Dhaka, Bangladesh, as a 100% foreign-owned joint venture between Wilmar International of Singapore and Adani Group of India.[15]

In 2005, Adani Wilmar acquired Mantralayam[16] and Haldia plants (refining).[17][18][19] From 2006 to 2009, AWL acquired multiple crushing and refining units at Bundi, Shujalpur, Nagpur and Neemuch, it also acquired Rajshri Packagers (refining), Acalmar Oils and Fats and Satya Sai Agroils (refining).[20] In 2011, the AWL group acquired Alwar and Mundra castor units (Crushing, refining and industry essentials). It also acquired Gokul Refoils & Solvent (Edible oil refining co.). In 2018, the AWL group acquired Refinery from Louis Dreyfus Commodities, Edible oil refinery from Cargill and Rice plants from Ferozepur Foods. Joint ventures of AWL include KOG-KTV Foods Pvt ltd, KTV Health Foods Pvt. Ltd and Visakha Polyfab Pvt Ltd.[20]

In 2022, Adani Wilmar acquired Kohinoor, Trophy Royale, and Charminar rice brands from Mccormick & company.[21]

Awards and achievements[edit]

  • Fortune brand has been voted as the winner of Reader's Digest Trusted Brand Award in 2007, 2008 and 2009
  • Fortune brand has been voted as the winner of Reader's Digest Trusted Brand Award in Gold category in 2013, 2015, 2018, and 2022[22]
  • AWL has been bestowed with Industry Award at ICRBO 2018, Vietnam. AWL was bestowed with Silver Rank by ACEF ASIAN LEADERSHIP AWARDS in 2018[20]
  • AWL CSR Project SuPoshan received CSR Award during the 53rd SKOCH Summit in 2018[23][24]
  • Project SuPoshan received Dainik Jagran CSR Awards for its contribution in Health category in 2019[23]

Social responsibility[edit]

Adani Wilmar Limited along with Adani Foundation, the CSR arm of Adani Group launched the Fortune SuPoshan initiative to work for malnutrition and anemic children in the age group of 0–5 years, adolescent girls and women in reproductive age at various locations in India as a part of Corporate Social Responsibility (CSR) initiatives. The objective of the initiative is to reduce the occurrence of malnutrition among children and women and support efforts in reducing Infant Mortality Rate (IMR) and Maternal Mortality Rate (MMR).[25]

References[edit]

  1. ↑ "Adani Wilmar". WSJ.
  2. ↑ "Adani Wilmar Products". adani wilmar.
  3. ↑ "Stock share price of Adani Wilmar". BSE India.
  4. ↑ "Stock share price of Adani Wilmar". Screener.in.
  5. ↑ "How Adani Wilmar Became India's Second-largest FMCG Firm". Business Today. 2022-03-23. Retrieved 2022-09-18.
  6. ↑ "Adani Wilmar is Asia's Best Performing IPO". mint. 2022-05-26. Retrieved 2022-09-18.
  7. ↑ "Adani Wilmar shares fall over 8% in two sessions, here's why". Business Today. 2022-08-24. Retrieved 2022-09-18.
  8. ↑ "Adani Wilmar Limited report" (PDF). HDFC Sec.
  9. ↑ 9.0 9.1 "Adani Wilmar files for big-bang Rs 4,500 crore IPO; firm poised to be seventh listed company from Adani Group". Moneycontrol. Retrieved 2022-09-18.
  10. ↑ 10.0 10.1 10.2 "Fortune oil maker Adani Wilmar to open its ₹3,600 crore IPO on January 27". Business Insider. Retrieved 2022-09-18.
  11. ↑ "ICICI Securities initiates coverage on Adani Wilmar! Here's all you need to know". Business Today. 2022-05-19. Retrieved 2022-09-18.
  12. ↑ "Adani Wilmar betting big on rice segment; plans to acquire local brand". mint. 2022-03-23. Retrieved 2022-09-18.
  13. ↑ "Adani Wilmar IPO: Decoding the FMCG giant's hidden universe". Business Today. 2021-11-22. Retrieved 2022-09-18.
  14. ↑ "Adani Wilmar Ltd" (PDF). ICICI Direct.
  15. ↑ "How Adani Wilmar's little-known deal may propel its international biz in FY22". Business Today. 2021-12-02. Retrieved 2022-09-18.
  16. ↑ Sharon, Meghdoot (2004-05-05). "Adani Wilmar has big plans for Mantralayam unit". Business Standard India. Retrieved 2022-09-18.
  17. ↑ "Adani Group enters Bengal's ports sector; to modernise Haldia port at Rs 298 crore". TimesNow. Retrieved 2022-09-18.
  18. ↑ Reporter, B. S. (2009-03-28). "Adani Wilmar to double Haldia unit capacity". Business Standard India. Retrieved 2022-09-18.
  19. ↑ "Protest hits Adani plant, contract workers gherao officials". www.telegraphindia.com. Retrieved 2022-09-18.
  20. ↑ 20.0 20.1 20.2 ICICI Securities (PDF) https://www.icicisecurities.com/Upload/ArticleAttachments/Adani%20Wilmar%20Limited_RHP.pdf. Missing or empty |title= (help)
  21. ↑ "Adani Wilmar buys several brands, including 'Kohinoor' to strengthen food business". The Indian Express. 2022-05-03. Retrieved 2022-09-18.
  22. ↑ "Reader's Digest Trusted Brand - 2022". www.readersdigest.in. Retrieved 2022-09-18.
  23. ↑ 23.0 23.1 BSE India (PDF) https://www.bseindia.com/bseplus/AnnualReport/512599/5125990319.pdf. Missing or empty |title= (help)
  24. ↑ "Adani Wilmar SuPoshan receives prestigious SKOCH Awards 2018". Odisha Diary. 2018-09-26. Retrieved 2022-09-18.
  25. ↑ "640 SuPoshan Sanginis appreciated on International Women's Day". Express Healthcare. 2021-03-08. Retrieved 2022-09-18.

External links[edit]

Category:Indian brands Category:Food and drink companies of India Category:Companies listed on the Bombay Stock Exchange Category:Multinational companies headquartered in India Category:Companies listed on the National Stock Exchange of India Category:Indian companies established in 1999 Category:Companies based in Gujarat



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