About AWL Agri Business Limited

AWL Agri Business Limited (formerly known as Adani Wilmar Limited) began in 1999 as a joint venture between the Adani Group and Wilmar International. Today, it operates a fully integrated, farm-to-fork agribusiness spanning sourcing, in-house processing, branding, and distribution of edible oils, foods, and industrial agri-derivatives.

In FY25, the Company unveiled a new corporate identity—AWL Agri Business Limited—while celebrating 25 years of its flagship brand, Fortune, which holds a 17.8% market share and is India’s leading edible oil brand. Its portfolio covers kitchen staples such as edible oils, wheat flour, rice, pulses (lentils), besan, and sugar, alongside agri-derived ingredients like oleochemicals and castor oil used across multiple industries.

AWL operates 24 owned factories and 52 leased units, including one of the country’s largest edible oil refineries at Mundra with a capacity of ~5,000 tonnes per day. It is also India’s largest importer of crude edible oil and a key player in lauric fat and castor oil production. Its distribution is national in scale, with presence across 28 states and 8 union territories, and sales in international markets. Exports accounted for 8% of overall sales in FY25. The Company’s brands reach 123 million Indian households—approximately one in three households in India use AWL’s food products.

Key brands include Fortune (flagship), Kohinoor, Kings, and, following a recent acquisition, “Tops” (sauces and pickles). AWL has also extended into home and personal care through oleochemical integration with products such as Alife soaps and Ozel multi-purpose cleaner.

Business Segment of AWL Agri Business Limited

• Edible Oil – 78% of revenue in FY25.

• Food & FMCG – 10% of revenue in FY25.

• Industry Essentials – 12% of revenue in FY25.

Revenue by Industry Vertical (FY25, share of turnover):

• Manufacture of vegetable oils and fats: 73%

• Oil cakes & meals (including residual products, glycerine etc.): 9%

• Hydrogenated oil/vanaspati: 4%

• Castor oil: 4%

• Rice milling: 4%

• Flour milling: 3%

• Pulses (dal) milling: 2%

• Others: 1%

Industries served:

• Consumer staples: packaged edible oils and foods for retail, modern trade, e-commerce, and HoReCa.

• Industrial customers: oleochemicals and castor derivatives for home & personal care, lubricants, agrochemicals, polymers, and food additives.

AWL Agri Business Limited’s Key Management Team

• Angshu Mallick – Managing Director & Chief Executive Officer

Latest Updates on AWL Agri Business Limited

• Corporate identity: Rebranded to “AWL Agri Business Limited” with a new logo; also marked 25 years of Fortune, its flagship brand.

• Capacity expansion: Inaugurated an ~80-acre integrated food processing complex in Gohana, Haryana.

• Strategic acquisition: Signed a share purchase agreement on March 4, 2025, to acquire 99.07% of G.D. Food Manufacturing (India) Pvt. Ltd. (“Tops”); completed acquisition of 80% on April 16, 2025.