Fortune's 500 report names Ruchi Soya No. 1 for ''Food and Agri Products''
Fortune Magazine`s latest issue on India`s largest 500 corporations on Wednesday announced Ruchi Soya as the number one company in the Food and Agri product sector in India.
New Delhi: Fortune Magazine`s latest issue on India`s largest 500 corporations on Wednesday announced Ruchi Soya as the number one company in the Food and Agri product sector in India.
With a record Rs. 27,000 crore in FY 2015-16, Ruchi Soya was ranked 83rd overall among `India`s 500 Largest Corporations` by Fortune India."We are delighted to be ranked as India`s number one Food and Agri products company by a reputed global brand like Fortune.
The latest Fortune 500 report reaffirms the leadership position of Ruchi Soya in the country`s food and agri sector," said MD Ruchi Soya Industries, Dinesh Shahra."Despite challenging times, we are committed to setting a path of high growth in our branded portfolio in 2017 along with an overall consolidation theme in the edible oil business.
The increasing traction of Ruchi Soya`s brands like Nutrela, Sunrich, Mahakosh, Ruchi Gold and Ruchi Star; will also bolster our revenues in the next two to three years," added Dinesh Shahra.The Fortune India 500 list ranks publicly traded companies by their annual audited total income for the financial year ending on or before June 30.
It has been published in its current form since 2010, and also includes financial corporations and service providers, leading by revenue.