GEF India

Last updated
Gemini Edibles and Fats India Limited
Company typePrivate
Industry Food
Founded2008
Headquarters Hyderabad, Telangana
Key people
Pradeep Chowdhry (MD)
ProductsRefined Oil
Parent Golden Agri-Resources
Website www.gefindia.com

GEF India is an Hyderabad based Indian company engaged in the manufacturing, distribution, and branding of Edible oil. [1] [2]

Contents

History

In about 2001, Pradeep Chowdhry established a formal joint venture with Wilmar International in collaboration with two associates in Singapore. The organization was named Acalmar Oils & Fats. Wilmar possessed a 50 percent share, while the remainder was distributed among the three associates. [3] [4]

In 2004, Wilmar International established a joint venture with Adani Group on the west coast and with the Chowdhry-led enterprise on the east coast. Two refineries were established on the east coast in Kakinada and Krishnapatnam, and Acalmar successfully launched a brand named Aadhar Oils. [3] In 2006, Wilmar amalgamated with the Kuok Group's oils, grains, and palm oil plantation enterprise. In August 2009, Chowdhry exited the business by selling his stake to Adani Wilmar. The journey of Gemini started from there. [3] And in 2008, GEF India was incorporated by Pradeep Chowdhry. Over time it has expanded its manufacturing capabilities, product range, and geographical reach. [5] In 2010, Ruchi Soya Industries Limited (now Patanjali Foods) purchased 50% stakes from the company. [6]

In the same year, the company introduced its Freedom Healthy Oil brand, subsequently acquiring an oil refinery in Kakinada and establishing a small-scale factory in Krishnapatnam. [1] [7] In 2014, a Singapore-based vegetable oil company, Golden Agri-Resources, purchased majority stakes in GEF India, and Ruchi Soya Industries Limited exited from the company. [8] In August 2021, Gemini Edibles and Fats India Limited filed its IPO. [9] [10]

In October 2022, the company established a new plant near Hyderabad with an investment of ₹400 crore. [11] In March 2025, GEF India collaborated with Tamil Nadu-based Sree Annapoorna Foods. GEF possesses a 70% holding, and Annapoorna holds a 30% share. With this collaboration the company has entered into the spice market of India. [12]

Operations

The company has three manufacturing plants on the east coast of India, all of which are near ports. Two of the plants are in Kakinada and one is in Krishnapatnam. [3]

Philanthropy

In January 2025, GEF India in association with the Hyderabad Metropolitan Development Authority (HMDA) and Dhruvansh NGO, initiated a campaign for the restoration of Kotha Cheruvu lake in Kokapet, Telangana. [13]

References

  1. 1 2 Srikanth, S. Guru (22 February 2024). "Andhra Pradesh fast becoming hub of edible oil refinery companies worth crores". The New Indian Express.
  2. Jain, Abhinandan; Singh, Vivek (2017). GEF India Private Limited: January 2011 Defining the Market Research Problem. Indian Institute of Management, Ahmedabad. ISBN   978-1-5264-4039-6.
  3. 1 2 3 4 Sinha, Ritwik (22 March 2021). "Gemini Edibles' route to consolidation". Business India.
  4. Kaushik, Shrimansi (8 June 2023). "Smooth success story". The New Indian Express.
  5. "Freedom Oil, a beloved brand of every kitchen". BusinessLine. 30 October 2023.
  6. "Ruchi Soya buys 50 pc in Gemini for Rs 45 crore". The Economic Times. 7 January 2010.
  7. "Freedom rules sunflower oil market with 20 per cent share". Telangana Today. 13 October 2022.
  8. "Ruchi Soya sells subsidiary to Singapore's Golden Agri for Rs 110 cr". Business Standard.
  9. "SEBI | Gemini Edibles & Fats India Limited - DRHP". www.sebi.gov.in. Securities and Exchange Board of India.
  10. Balakrishnan, Reghu (10 May 2021). "Major edible oil firm Gemini Edibles plans Rs 1,800 crore IPO". The Economic Times.
  11. "Gemini Edibles to set up Rs.400 cr oil refinery in TS, employ 1,000 people". The Hindu. 12 October 2022.
  12. "Gemini Edibles and Fats and Sree Annapoorna Foods form JV". The Hindu. 4 March 2025.
  13. "GEF takes up Hyderabad's Kotha Cheruvu lake restoration under CSR". The Hindu. 12 January 2025.