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Anil Group
Source Name: Anil Group

Anil Group’s Different Businesses to be Brought Under Flagship Listed Entity Anil Ltd

Aug 31, 2015   17:20 IST 
India

The Rs 1,200 crore plus Ahmedabad-headquartered food and agri major, Anil Group has undertaken a major restructuring initiative to create much greater value creation for the shareholders of the group’s flagship and only listed entity, Anil Limited. This re-structuring will make Anil Ltd. the main holding company and all unlisted and other group companies will be brought under the fold of this main listed company.

 

According to this restructuring plan, the corn wet milling business of Anil Limited and the bio-industrial business of Anil Bioplus Limited will be brought into Anil Lifesciences Limited, which already has the corn wet milling operations of Chhindwara, MP under it. Anil Nutrients Ltd, a promoter held company will be converted into a 100% subsidiary of Anil Ltd and the feeds business of Anil Ltd will be brought into Anil Nutrients Ltd, which also has an oil seed processing and feed business.

 

Speaking about this re-organisation plan, Mr. Amol Sheth, Chairman & MD of the Anil Group said, “The proposed realignment will bring synergies between similar businesses thereby putting them on an accelerated growth path. This exercise will also bring value addition for all the related businesses and the stakeholders. We have consolidated businesses under one roof to build value for the businesses and stakeholders. Through this restructuring, we will be able to get more focused leadership and dedicated management, which will help us in achieving operational and managerial efficiency.”

 

Explaining further the strategy behind this restructuring, Mr. Amol Sheth said “We will leverage the strength of the R&D and the fermentation technology to get into a wide range of high value added starch products, bio-industrial products, feeds and agri-nutrients. We want to create avenues for each business to stand and grow on its own might.”

 

The proposed re-alignment of the Group’s businesses is expected to be completed by the end of this financial year after all the requisite approvals from shareholders, regulators, creditors of the companies, the High Court of Gujarat and other concerned agencies.

 

About Anil Group

More than seven decades old, the group through its flagship company – Anil Limited, pioneered the Corn Wet Milling in India. The company subsequently added lot of value-added products for the first time in the country. There have been many ‘firsts’ to its name. Today the group is best known for its value added innovative starch derivatives, enzymes, gluconates, bio-feeds & plant growth promoters.

 

Over the years, Anil Group has grown and taken in its fold many associated business segments. The group has been touching virtually every segment of manufacturing sector like textile, paper, pharma, food, animal feed, bio-industrial products etc. Over the years the group has made a strong presence across four continents in about 40 countries.

 

Since its inception the passion for innovation has grown manifold which has made the group invests generously in its R&D which is one of the best known DSIR (Department of Scientific and Industrial Research) recognized R&D set ups in the Corn Wet Milling industry in India.

 

As the motto of ANIL reads - it redefines excellence to beat its own standards.


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