Tag Archives: Health

Securing Origination: Ruchi Soya at the Rabo Bank Advisory Board Meeting in Hong Kong, 2012

22 Jan

December 28, 2012:

Ruchi Soya Managing Director Mr. Dinesh Shahra, along with Mr. Ankesh Shahra – Director, Business Development for Ruchi Agritrading Pte Ltd, Singapore were invited to attend the prestigious Rabo Bank Food & Agribusiness Advisory Board Meeting that was held in Hong Kong in November 2012. The Theme of the meeting was ‘Burgeoning world food demand and the shrinking corporate universe” and Ruchi was specifically asked to present their views and perspectives on the importance of M&A for Ruchi across the Food and Agriculture supply chain. Spread across two days, there were several important thought provoking issues discussed between the key decision makers of the largest Food and Agribusiness companies from Asia and the world.

Ankesh Shahra and Dines Shahra of Ruchi Group

Mr. Dinesh Shahra spoke about the importance of acquisitions at the low end of the business cycle and the value that high quality upstream assets at origination offer for companies such as Ruchi. In a discussion moderated by ex-CNBC anchor Ms. Lorraine Hahn, Mr. Dinesh Shahra mentioned that Asian companies should continue to vertically integrate but in order to remain sustainable, they must combine this integration with specialization down the chain. This is to ensure that they remain the most efficient users of the capital they possess, as niche/specialized companies are on a growth trajectory and are delivering exceptional returns.

Ankesh Shahra and Dinesh Shahra of Ruchi Group

Ruchi Industries Singapore, the overseas holding company of Ruchi Soya that is consolidating its global assets is in the process of executing the backward integration strategy of Ruchi Soya into palm plantations and agricultural production.  One of the topics discussed in Hong Kong were the challenges that stretch into asset ownership whilst securing origination. “Asset ownership in emerging economies comes with a set of risks that must be evaluated in conjunction with the superior cost structure that these countries generally offer. Sovereign and regulatory risks, management challenges, the ability to influence operations as well as differing tax regimes are all points to watch out for” says Ankesh Shahra.

Ruchi Soya Industries Limited

Featuring among the top five FMCG players in India, Ruchi Soya Industries is the flagship company of Ruchi Group of Industries. A leading manufacturer of high-quality edible oils, soya food, vanaspati and bakery fats, it is also the highest exporter of soya meal, lecithin and other food ingredients from India. Established in 1986, it is the largest producer and marketer of vegetable oils and soya food, the largest oilseed crusher and edible oil refiner, the largest importer of vegetable oil and the largest exporter of soya derivatives from India. Ruchi Soya has also diversified into Renewable Energy and Plantations in the recent past.

Ruchi Soya Industries Limited – Social Initiatives – Health

18 Jan

Eye Treatment by Ruchi Group

Whilst we would very much like to go into Health awareness programs in a systematic manner, we have started programs which can give immediate relief. We have partnered with The K.K. EYE Hospital which is run by the Sadhu Waswani Mission and has a super specialty hospital for eye care. We conduct Cataract Detection camps; those detected are then taken to the K.K. Eye Hospital for their surgeries. So far 68 financially challenged patients from these villages have got back their sight. These include the adivasis also.

Awareness rally - Preventive Health Care - Karade village

The national program of Pulse Polio is another activity that we have decided to support and is in line with the nation’s goal to eradicate pulse polio. The Primary Health Centre staff is given the vehicle to move around in the villages that their centre is supposed to cover. Even the Cataract camp is held in this centre which gives them an edge also as the patients that come to them are then referred to the camp.

Most diseases are water borne and are a perennial problem to the people of the village of Esambe as there is a scarcity of clean and safe drinking water in this village. We consider it our duty to help provide clean drinking water to attack this phenomenon and as the women of the village of Esambe are ready to take this on a priority, we will address this issue along with them.