Ahmedabad

The Rs 1,200 crore plus Ahmedabad-headquartered food and agri major, Anil Group has undertaken a major restructuring initiative. 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(in photo), 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.

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