Patanjali Foods
An Indian listed fast-moving consumer goods company producing edible oils and a broad range of packaged food products under the Patanjali brand.
Last updated August 25, 2026
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Overview
Patanjali Foods is an Indian fast-moving consumer goods company whose principal business is food manufacturing and marketing. Although the company is now identified with Patanjali Ayurved and sells products under the Patanjali name, its corporate history begins with Ruchi Soya Industries Limited, a soybean edible-oil manufacturer established in 1986 by Dinesh Sahara. The business developed around the processing and sale of edible oils and related food commodities, giving it an industrial and supply-chain base that predates its later consumer-brand identity. The company's ownership and strategic direction changed substantially after a period of financial distress. Ruchi Soya entered insolvency proceedings in December 2017 with reported debt of approximately ₹12,000 crore. In December 2019, Patanjali Ayurved acquired the insolvent company through the resolution process for approximately ₹4,350 crore. The transaction brought a listed food-processing company into the Patanjali Group and created the corporate platform through which Patanjali's food portfolio could be expanded. Following the acquisition, the company progressively absorbed food-related businesses from Patanjali Ayurved. In June 2021 it acquired the group's biscuits and noodles operations for ₹60 crore, and in May 2022 it acquired Patanjali Ayurved's wider food business for approximately ₹690 crore. Ruchi Soya Industries changed its name to Patanjali Foods in June 2022. This transition broadened the company beyond edible oils into flour, grains, noodles, biscuits, snacks, spices, beverages and other packaged foods associated with the Patanjali consumer proposition. Patanjali Foods positions itself around accessible, India-focused food products that combine mass-market pricing with claims or associations involving traditional recipes, familiar ingredients and natural or Ayurvedic-inspired consumption. Its portfolio includes edible oils and other staples as well as branded packaged foods. The company benefits from Patanjali's established distribution and retail presence, while its listed-company structure provides access to public capital markets and subjects it to the governance and disclosure requirements applicable to Indian listed companies. The company remains a significant part of the Patanjali Group's consumer-products strategy. Its activities include food processing, branded packaged-food sales and investment in agricultural and processing infrastructure. Publicly described initiatives have included planned investment in food processing across several Indian states and cooperation with the Indian Council of Agricultural Research on scientific innovation and support for citrus growers. Patanjali Foods is listed on both the Bombay Stock Exchange and the National Stock Exchange under the symbol PATANJALI. Its corporate headquarters are in Indore, while its brand and group identity remain closely associated with Patanjali Ayurved and the broader Patanjali organization.
History
Patanjali Foods traces its corporate origins to Ruchi Soya Industries Limited, which was established in 1986 by Dinesh Sahara to manufacture soybean edible oil. The original business was centered on edible-oil production and the processing of agricultural commodities. This foundation later provided the company with manufacturing, procurement and distribution capabilities that could be used for a broader branded-food portfolio. In January 2010, Ruchi Soya acquired a 50% interest in Gemini Edibles and Fats India for ₹45 crore. The investment did not remain permanently within Ruchi Soya's ownership structure: Gemini Edibles and Fats India was ultimately acquired in full by Indonesia's Widjaja family in 2014. The episode illustrates the company's participation in consolidation within India's edible-oil sector before its later transformation under Patanjali ownership. Ruchi Soya encountered severe financial problems and entered insolvency proceedings in December 2017. Its reported debt at that point was approximately ₹12,000 crore. Patanjali Ayurved emerged as the successful resolution applicant and acquired the bankrupt company in December 2019 for approximately ₹4,350 crore. The acquisition connected Patanjali's consumer brand and distribution system with a publicly listed food-processing company, creating a platform for expanding the group's packaged-food operations. The integration proceeded through several business transfers. In June 2021, Ruchi Soya acquired Patanjali Ayurved's biscuits and noodles business for ₹60 crore. In May 2022, it acquired Patanjali Ayurved's broader food business for approximately ₹690 crore. Ruchi Soya changed its name to Patanjali Foods in June 2022, making the corporate identity consistent with the consumer brand under which many of its products were marketed. After the rebranding, Patanjali Foods represented a substantially wider food portfolio than the former Ruchi Soya business. Its categories include edible oils, flour, grains, noodles, biscuits, snacks, spices, beverages and other packaged foods. The company operates within the Patanjali Group, whose market proposition combines mass-market distribution with emphasis on Indian traditions, natural products and wellness-associated consumption. The food business therefore serves both everyday staple demand and the group's broader branded consumer-products strategy. The company's public-market status has also been an important part of its modern history. Patanjali Foods is listed on the Bombay Stock Exchange and the National Stock Exchange under the ticker PATANJALI. In 2023, SEBI froze promoter shares after the promoters failed to permit the company to meet the 25% minimum public shareholding requirement for listed companies. This regulatory episode highlighted the compliance obligations created by the company's listed structure. Later developments focused on product regulation, processing capacity and agricultural linkages. In 2025, a prohibition order concerning Patanjali Organic Wild Honey was revoked. In September 2025, the company announced a memorandum of understanding with India's Ministry of Food Processing Industries and proposed ₹1,000 crore of investment in food-processing activities across six states: Uttarakhand, Uttar Pradesh, Madhya Pradesh, Maharashtra, Karnataka and Odisha. In November 2025, it announced cooperation with the Indian Council of Agricultural Research on scientific innovation, quality planting material and enhanced support for citrus growers. These initiatives indicate an effort to extend the business beyond branded sales into processing infrastructure, agricultural supply and product development.
- 2025
Honey prohibition order revoked
[1]A prohibition order concerning Patanjali Organic Wild Honey is revoked.
- 2025
Food-processing investment memorandum
[1]Patanjali Foods announces a memorandum with the Ministry of Food Processing Industries and planned ₹1,000 crore investment across six Indian states.
- 2025
ICAR collaboration
[1]The company announces collaboration with ICAR on scientific innovation, planting material and citrus-grower support.
- 2023
Promoter-share regulatory action
[1]SEBI freezes promoter shares in connection with the company's failure to meet the 25% minimum public shareholding requirement.
- 2022
Patanjali food business acquired
[1]Ruchi Soya acquires Patanjali Ayurved's wider food business.
- 2022
Corporate rebranding
[1]Ruchi Soya Industries changes its name to Patanjali Foods.
- 2021
Biscuits and noodles operations transferred
[1]Ruchi Soya acquires Patanjali Ayurved's biscuits and noodles business.
- 2019
Acquisition by Patanjali Ayurved
[1]Patanjali Ayurved acquires the insolvent Ruchi Soya business through a resolution process.
- 2017
Entry into insolvency
[1]Ruchi Soya enters insolvency proceedings with reported debt of approximately ₹12,000 crore.
- 2014
Gemini Edibles ownership changes
[1]Gemini Edibles and Fats India is acquired in full by the Widjaja family of Indonesia.
Products and positioning
Mass-market Indian packaged food positioned around affordability, familiar traditional food categories, natural ingredients and the wider Patanjali wellness and consumer-products ecosystem.
Cooking oils
Edible oils
Edible oils are the company's historical and industrial core, inherited from the Ruchi Soya business. The category connects Patanjali Foods to soybean and other agricultural commodity supply chains and remains central to its food-manufacturing identity.
Flour and staples
Patanjali Atta
Patanjali Atta represents the company's participation in everyday Indian staple foods. It is positioned as a branded, accessible flour product within the group's wider offering of household food essentials.
Instant foods · 2021
Patanjali Noodles
The noodles business became part of the listed company through the 2021 transfer from Patanjali Ayurved. It extends the portfolio into convenient packaged foods and complements the company's staple and snack categories.
Biscuits and bakery snacks · 2021
Patanjali Biscuits
Patanjali Biscuits are packaged bakery products included in the biscuits business transferred to Ruchi Soya in 2021. The range supports the group's objective of building a broad, everyday FMCG food portfolio.
Snacks
Packaged snacks
Patanjali Foods markets packaged snack products as part of its broader food portfolio. The category is intended for branded retail consumption and is linked to the group's emphasis on familiar Indian food formats and accessible pricing.
Seasonings
Spices
Spices form part of the company's packaged-food assortment and place Patanjali Foods in another high-frequency Indian kitchen category. They complement flour, grains, oils and other household staples.
Honey and natural foods
Patanjali Organic Wild Honey
Patanjali Organic Wild Honey is a branded honey product associated with the company's natural-food positioning. A prohibition order concerning its sale was later revoked in 2025.
Controversies
Brand decisions
2025
Plan expanded food-processing investmentStrategyBackground
Patanjali Foods sought to expand processing capacity and strengthen its presence in agricultural supply and food manufacturing.
Action taken
The company signed a memorandum of understanding with the Ministry of Food Processing Industries and announced investment across Uttarakhand, Uttar Pradesh, Madhya Pradesh, Maharashtra, Karnataka and Odisha.
Aftermath
The announcement outlined a multi-state expansion plan; the supplied reference does not establish the final amount invested or the completion status of individual projects.
Announced investment. ₹1,000 crore (September 2025)
2025
Collaborate with ICAR on agricultural innovationOtherBackground
The company identified agricultural inputs, scientific innovation and grower support as areas relevant to its food-processing supply chain.
Action taken
Patanjali Foods collaborated with the Indian Council of Agricultural Research on scientific innovation, quality planting material and support for citrus growers.
Aftermath
The collaboration was presented as a means of improving agricultural support and the quality of raw-material supply.
2022
Acquire Patanjali Ayurved food businessM&ABackground
The group continued consolidating its branded food activities within the listed company.
Action taken
Ruchi Soya acquired Patanjali Ayurved's wider food business.
Aftermath
The transfer materially expanded the company's packaged-food scope and preceded its corporate name change.
Transaction consideration. Approximately ₹690 crore (May 2022)
2022
Rebrand as Patanjali FoodsStrategyBackground
After acquiring major food operations from Patanjali Ayurved, the company's legacy Ruchi Soya identity no longer represented its strategic positioning.
Action taken
Ruchi Soya Industries changed its name to Patanjali Foods.
Aftermath
The company adopted the name associated with the group's consumer food portfolio while remaining a listed entity.
2021
Transfer biscuits and noodles operationsM&ABackground
Patanjali Group reorganized food activities following the acquisition of Ruchi Soya.
Action taken
Ruchi Soya acquired Patanjali Ayurved's biscuits and noodles business.
Aftermath
The transaction broadened Ruchi Soya's portfolio beyond its historical edible-oil focus.
Transaction consideration. ₹60 crore (June 2021)
2019
Acquire insolvent Ruchi Soya IndustriesM&ABackground
Patanjali Ayurved sought to expand its food and consumer-products platform by acquiring the insolvent listed edible-oil company.
Action taken
Patanjali Ayurved acquired Ruchi Soya through the insolvency-resolution process.
Aftermath
The acquisition created the corporate vehicle through which Patanjali's food portfolio could be consolidated and expanded.
Acquisition consideration. ₹4,350 crore (December 2019)
Recent events
Ruchi Soya approves agreement to acquire PNBPL’s biscuits business[3]
Reported:
Ruchi Soya’s board approved signing a Business Transfer Agreement to acquire PNBPL’s biscuits, cookies, rusk and associated bakery-products business. The transaction was described as a planned acquisition; the source does not report its completion.
Sources3 sources
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