~ Featuring Sourav Ganguly and Abir Chatterjee, Fortune’s regional TV campaign celebrates Bengal’s love for authentic flavours while urging consumers to choose quality over compromise~

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~ Unveiled by Shri Chirag Paswan, Hon’ble Minister of Food Processing Industries, and Mr. Angshu Mallick, MD and CEO, AWL Agri Business Ltd. the book celebrates Kohinoor’s commitment to preserving India’s rich food traditions ~

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4^th March 2025, Ahmedabad: Adani Wilmar Limited (AWL), one of India’s largest Food FMCG companies, renowned for its household brand ‘Fortune’, today announced the signing of a definitive agreement to acquire G.D. Foods Manufacturing (India) Private Limited (“GD Foods”). The acquisition will be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche, and the remaining 20% to be acquired over the next three years. In FY’24, GD Foods achieved a revenue of INR 386 crores, growing at a 3-year CAGR of 15%, and recorded an EBITDA of INR 32 crores.

Aligned with our vision to cater to the kitchen needs of Indian households, this acquisition offers a strategic advantage by expanding our portfolio with a broad range of value-added food products.

Founded in 1984, GD Foods’ owned brand “Tops” has built a strong reputation as a household brand in North India over the last 40 years, offering high-quality products in categories spanning across tomato ketchup, snack sauce, specialty sauces & culinary sauces, jams, pickles, noodles, instant mixes, corn & choco flakes and cooking essentials such as vinegar, baking powder, cake mix, corn flour. Headquartered in Delhi, the Company’s sales are mainly concentrated in seven states in North India, with a retail presence across more than 150,000 outlets. It also maintains in-house manufacturing facilities at 3 locations.

Commenting on the acquisition, Mr. Angshu Mallick, MD & CEO of Adani Wilmar Limited, said, “As the market evolves, there is a clear need for trusted national food FMCG brands to deliver high-quality, affordable products that fulfill the essential needs of Indian kitchens. Delivering on this requires best-in-class manufacturing operations and a broad distribution reach, both of which are key strengths of AWL. The acquisition of GD Foods aligns with our vision and will significantly enlarge AWL’s offerings to meet the evolving needs of Indian households. With 8 new product categories added to our portfolio, we are laying a strong foundation to build a formidable presence in the value-added products market over time.”

The “Tops” brand is amongst the top 3 players in the tomato ketchup and pickles category. We will further invest in the brand and significantly increase the distribution reach of all its products. This acquisition will lead to the significant addition of the margin-accretive products in our portfolio.

AWL’s strong infrastructure and brand ‘Fortune’ built over last 25 years, along with Wilmar’s deep expertise in the food industry gives us confidence that we can leverage the massive opportunity of serving every Indian household in packaged foods category.”

Mr. Nitin Seth, Vice Chairman of GD Foods commented, “We are delighted to see ‘Tops’ become a part of AWL. For the past 40 years, we have remained committed to understand and meet the needs of Indian households through innovative products. Now, with AWL’s strength behind us, ‘Tops’ products will reach a much larger number of homes. We are confident that AWL will continue to delight customers and unlock the true potential of the brand.”

The acquisition is subject to meeting customary closing conditions, with the first tranche is expected to close in 60 days. The transaction will be funded by internal accruals or IPO proceeds.

For AWL, the transaction was supported by KPMG India Corporate Finance as financial advisor, PricewaterhouseCoopers Services LLP as the due diligence advisor, and Cyril Amarchand Mangaldas as legal counsel. For GD Foods, Equirus Capital acted as financial advisor and J Sagar Associates as legal advisor.

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~ An outstanding 91% employees participated in the survey ~

~The company or organization has demonstrated improvements across all parameters~

Bengaluru, 18^th February, 2025: Adani Wilmar Limited (AWL), one of India’s largest food and FMCG companies, has been recognized as a ‘Great Place to Work’ for the eighth consecutive year. The company secured the certification following a comprehensive survey based on direct feedback from its employees. This exceptional achievement places the brand among a select group of organizations that consistently foster a positive and supportive work environment.

What makes this year’s recognition even more remarkable is the significant improvement in Adani Wilmar’s scores across all parameters—namely credibility, respect, fairness, pride, and camaraderie—of the ‘Great Place to Work’ survey. The results reflect the company’s strong commitment to prioritizing employee well-being, growth, and engagement. The anonymous survey saw an outstanding 91% employee participation rate, providing invaluable insights into the employee experience at Adani Wilmar.

Commenting on the recognition, Mr. Sidhartha Ghosh, Chief Human Resource Officer, said, “We are incredibly proud to be recognized as a ‘Great Place to Work’ for the eighth year in a row. This consistent recognition, coupled with the improvements in our scores, highlights our ongoing efforts to create a workplace where our employees feel valued, respected, and empowered. We are focused on nurturing a culture of inclusivity, innovation, and growth, and this certification reaffirms our commitment to our people. We are confident that, together, we will continue to be a ‘Great Place to Work.’”

Adani Wilmar promotes an inclusive and empowering organizational culture where diverse ideas are respected. The company fosters equity and creates an environment that encourages employees to go beyond.

At Adani Wilmar Ltd., the culture of ownership and entrepreneurship motivates employees to excel in their roles. The Employee Stock Options Plan (ESOP) serves as a powerful tool to align employees with the company’s long-term goals.

Adani Wilmar invests heavily in nurturing talent through programs like Abhyudaya, STRIDE, Sales Synergy, Utkarsh, Sankalp, Shifting Gears, and GARIMA, which groom future leaders and create clear career paths for employees. Additionally, initiatives like the SEEDS internship program provide vital industry exposure to students, helping to build a strong talent pipeline for the company.

Adani Wilmar’s consistent recognition by the Great Place to Work Institute is a testament to its dedication to building a positive and thriving workplace for its employees.

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National, 17^th February,2025– Fortune Oils and Foods, the flagship brand of Adani Wilmar and one of India’s largest FMCG food companies, has achieved a remarkable milestone by branding India’s largest building façade, measuring an impressive 90 ft x 70 ft, in Kanpur. This move to associate with Kanpur’s iconic landmark reinforces the brand’s position as a household name in the region as well as its commitment to connect with its consumers in innovative ways.

Strategically located in the heart of Kanpur, this massive branding initiative is set to captivate millions, reinforcing Fortune’s reputation as a household name in India. The stunning façade branding not only showcases the company’s premium range of edible oils and food products but also symbolizes its dedication to quality, trust, and innovation.

Fortune Oils and Foods has consistently been at the forefront of the industry, providing high-quality and nutritious food products to millions of households. This latest branding effort aligns with the company’s mission to stay connected with consumers while continuing to set new benchmarks in the industry.

As Fortune expands its footprint across India, the company remains committed to delivering excellence and innovation in the food and edible oil sector. The striking façade branding in Kanpur is just one of many initiatives that showcases its relentless drive to stay ahead in a dynamic market.

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~A unique initiative transforming passionate home chefs into successful digital star chefs ~

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~ Expected to generate 2000 jobs through direct and indirect employment ~

Bengaluru, 23^rd January 2025: Adani Wilmar Limited, one of India’s largest Foods FMCG companies, marked a significant milestone with the commencement of operations at its integrated food processing plant in Gohana, Dist. Sonepat, State Haryana. The inauguration was celebrated with the first dispatch of 100 metric tonnes of rice.

This food complex is one of the largest in the country built with a capital outlay of ₹1,298 crore coming from IPO proceeds. The plant is poised to become a major economic catalyst for the region, with projections to generate 2000 jobs through direct and indirect employment.

Adani Wilmar’s largest greenfield project – an expansive integrated food complex – is progressing steadily, bringing vision to life: till date over, 10,000 MT of steel structure, 7,500 MT of Tor steel, and 100,000 cement bags have been utilized, marking significant milestones in this ambitious endeavor. The project required, consumed extensive engineering efforts in planning, design, and execution, laying the groundwork for a transformative infrastructure set to revolutionize food production.

Commenting on this landmark achievement, Mr. Angshu Mallick, MD & CEO of Adani Wilmar Limited, said, “The commencement of our Gohana plant represents a significant step forward in our commitment to India’s food security and economic growth. This state-of-the-art facility exemplifies our mission to support a healthy growing nation by bringing advanced technology and world-class infrastructure to ensure citizens have access to the best quality branded staple foods. We have a central audit system which ensures quality checks. We ensure that all our specifications meet FSSAI requirements and that all our plants follow the American Institute of Bakers standard which has over 280 points on which audit is done. All our endeavors are towards delivering the best quality food products to people. Beyond enhancing our production capabilities, this plant will create substantial employment opportunities, driving socio-economic development and empowering communities to thrive.”

The facility, meticulously designed by Larsen & Toubro Technology Services (L&T), spans across 85 acres and is equipped with advanced technology to produce a comprehensive range of food products. With a total annual production capacity of 627,000 MT, the plant will manufacture 4,50,000 MT of food products including rice, wheat flour, suji, rawa, and maida, along with 2,00,000 MT of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed.

Pawan Kumar Jaitly, Global Delivery Head-FMCG, Plant Engineering, Larsen & Toubro Technology Services (LTTS), said, “The integrated facility demonstrates L&T’s expertise in building world-class food processing infrastructure. The 85-acre plant incorporates construction technologies and sustainable design principles, setting new benchmarks in the industry. We’re proud to have delivered this project that will significantly boost India’s food processing capabilities.”

The integrated facility is equipped with specialized processing units crafted by global technology leaders. The Satake Corporation developed the state-of-the-art rice processing unit, ensuring top quality and efficiency, while Bühler Group designed the advanced 350 TPD wheat processing unit, including a 200 TPD whole wheat atta line, delivering superior flour production with optimal extraction and nutritional value. We’ve also partnered with Alfa Laval India, Mactek Solutions and Kirby Building Systems for advanced engineering systems and their expertise in sustainable structural designs.

The plant incorporates several sustainable and energy-efficient technologies to minimize its environmental impact. It will utilize biomass fuel (rice husk) and features a rainwater harvesting system compliant with Central Ground Water Board (CGWB) norms. Rooftop solar panels with a capacity to generate 5.6 MW of electricity is in the process of getting installed, along with a zero-liquid discharge system to prevent any water discharge into the local vicinity. Additionally, the plant houses a co-gen plant (steam turbine) capable of generating 3.2 MW of electricity, ensuring a balanced approach to energy generation.

This strategic investment aligns with Adani Wilmar’s vision of strengthening India’s food processing capabilities while contributing to local economic development. The plant’s location in Haryana’s agricultural heartland ensures ready access to raw materials while providing farmers with a direct market for their produce.

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~ Over 1,000 SuPoshan Sanginis have positively impacted the lives of 2-million people
since 2016 ~

Bengaluru, 2^nd December 2024 – Adani Wilmar Limited, one of India’s largest food and FMCG companies, has proudly received the ‘Best Rural Children Healthcare Initiative of the Year – 2024’ award for its flagship CSR initiative, the Fortune SuPoshan, at the prestigious Indian CSR Awards 2024 in New Delhi. This recognition celebrates the program’s significant contributions toward combating malnutrition and anaemia in rural India, focusing on children, adolescent girls and women in reproductive.

Launched in 2016, the Fortune SuPoshan program is an initiative of Adani Wilmar, implemented by Adani Foundation, the CSR arm of the Adani Group. The project has been making a significant impact on countless lives with its unique approach that involves active engagement with stakeholders, including gram panchayats, local governing bodies, healthcare facilities, and ASHA workers.

Commenting on the achievement, Mr. Angshu Mallick, MD & CEO of Adani Wilmar Limited, said, “We are honoured to receive this recognition for the Fortune SuPoshan program, which highlights our commitment to improving health & nutritional outcomes at the grassroots level. Addressing malnutrition and anaemia, which are linked to nutrition, is critical. As India’s largest food company, we believe it is our responsibility to drive impactful change in this area. This award validates the transformative work of our SuPoshan Sanginis and the support we receive from our partners in creating healthier communities across rural India.”

At the core of this program are the SuPoshan Sanginis – village volunteers from local communities who are the driving force behind delivering essential health & nutritional awareness and empowering people to adopt healthier lifestyles.

The program has spread its wings to over 36 locations across India since its inception across 14 states, covering 1940 villages and slums and touching the lives of over 2 million population. It has been instrumental in saving the lives of 90,000 children from malnutrition, improving the health of over 300,000 women of reproductive age, and reaching out to 120,000 adolescent girls through tailored interventions.

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~ Also celebrates the brand’s journey of serving home-cooked meals to Indian households~

Link- https://youtu.be/LnjA7325Yw0

Bengaluru, 26^th November, 2024— Adani Wilmar Limited, one of India’s largest food & FMCG companies,  commemorates 25 years of Fortune Foods with a unique logo that reflects the brand’s commitment to home-cooked meals and its iconic message, ‘Ghar ka khana, ghar ka khana hota hai’. Over the years, the brand has become one of India’s most reputed and trusted providers of essential kitchen commodities, including edible oil, wheat flour, rawa, maida, suji, besan, rice and pulses. It has played a vital role in bringing families together with delicious, nutritious, and wholesome food, thus becoming an integral part of Indian households.

The logo, created encapsulates 25 years of tradition and togetherness associated with the brand. The design created gives insights into India’s culinary traditions. It incorporates elements of Indian culinary culture — tools of harvesting, shapes of sweets, forms of cooking utensils, and the sensory experience from the varied aromas and rituals found in Indian kitchens. Each visual element, be it rice, veggies, oil, flour, idlis, samosas, sweets,tadka, rolling-pin, mortar-and-pestle, tiffin box to name a few, represents the ingredients, cooking mediums, and practices that make home-cooked food central to the Indian experience.

Apart from reflecting the essence of Indian kitchens, the elements in the logo also reflect health, happiness, and a commitment to wholesome food prepared at home. This unique design also celebrates Fortune’s journey of serving nourishing, home-cooked meals to Indian households, seamlessly blending quality with tradition.

Commenting on the launch, Angshu Mallick, MD & CEO, Adani Wilmar Limited said, “For 25 years, Fortune Foods has been woven into the fabric of Indian households, becoming a trusted name in kitchens across the country. This journey has been nothing short of extraordinary—a reflection of the love, trust, and shared values of millions of families who’ve chosen us to be part of their everyday lives. Our logo encapsulates this beautiful relationship, celebrating the tools, flavors, and traditions that make home-cooked meals a cornerstone of Indian culture. As we mark this silver jubilee, we honor the past while looking toward the future with a renewed commitment to delivering quality, nutrition, and the joy of cooking at home. This is more than a milestone; it is a testament to the power of shared moments and the enduring bond between Fortune and the families we serve.”

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~ The recognition reflects the company’s overarching commitment to sustainability~

Bengaluru, 11^th November 2024: Adani Wilmar Limited, one of India’s largest Food & FMCG companies has been recognized for its commitment to sustainability. The company’s manufacturing plants at Mundra and Hazira in the state of Gujarat have been recognized at the 10th Edition of the India Green Manufacturing Challenge (IGMC), held at ITC Maratha, Mumbai, for their contribution to upholding sustainable manufacturing practices. The Mundra facility was awarded the Gold Medal, while the Hazira plant won the Silver Medal, reflecting Adani Wilmar’s continued focus on sustainable manufacturing practices.

The IGMC, now in its 10th year, is a distinguished platform that celebrates outstanding achievements in manufacturing across industries. Organized by the International Research Institute for Manufacturing (IRIM), the IGMC acknowledges organizations that go beyond conventional practices to implement strategies and processes that prioritize environmental stewardship and operational efficiency.

Speaking on this achievement, Mr. Anghsu Mallick, MD & CEO, Adani Wilmar Limited said, “We extend heartfelt thanks and gratitude to International Research Institute for Manufacturing (IRIM) for recognizing our consistent efforts in ensuring sustainable practices. At Adani Wilmar’s Mundra and Hazira plants, two of the largest edible oil facilities in the country, we are prioritizing sustainability through Zero Liquid Discharge system through our Effluent Treatment Plants (ETP) for 100% water recycling. We have also installed solar rooftops at most factories to generate renewable energy and are actively substituting coal with biomass wherever possible. As a responsible company, we are committed to sustainable practices that benefit not only the environment but also the communities where we operate.”

These awards are part of the National Awards for Manufacturing Competitiveness (NAMC), instituted by International Research Institute for Manufacturing (IRIM) in 2013, to inspire organizations to undertake unique and tailored strategies to remain competitive. NAMC assesses each participant’s performance across ten indicators of manufacturing competitiveness, a comprehensive assessment that evaluates a facility’s progress towards achieving sustainable goals. As a third-party evaluator, IRIM provides an unbiased rating based on its Manufacturing Competitiveness Index, which gauges each facility’s effectiveness in developing and executing a winning strategy. This rating is achieved through a structured assessment of the manufacturing facility on 10 indicators of manufacturing competitiveness, which are building blocks behind the calculation of this index. The assessment is customized for each facility by assigning unique weightage to each of these indicators based on organization’s priorities to become more competitive.

The recognition of Adani Wilmar’s Mundra and Hazira plants reflects the company’s overarching commitment to sustainability, aligning with its vision to spearhead responsible manufacturing practices in India’s food and oil industry.

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