Ankur Oil Industries

Category: Edible Oils and Fats - Ahmedabad

Contact: Pradipbhai
Chokha Bazar, Kalupur, Ahmedabad: 380002 Tel. No.22122250



ANKUR PROTEIN INDUSTRIES LTD. PANCHRATNA ESTATE, OPP BHAGYODAYA HOTEL, SARKHEJ-BAVLA
HIGHWAY, Changodar - 382210, Gujarat, India
Phone:91- 2717-250220/21
Fax:91-2717-250410/250221




Dashrathbhai Patel , Chairman
Jaiprakashbhai J Vachhani , Director
Pradeepbhai C Khetani , Managing Director
Dineshbhai B Khetani , Director

Company Head Office / Quarters:
Pancharatna Estate,
Sarkhej-Bavla Highway Sanand,
Ahmedabad,
Gujarat-382210
Phone : 091-02717-250220/221
Fax : 091-02717-250410



The Indian edible oil market is the
worlds fourth-largest after the
USA, China and Brazil

The Indian edible oil market is the
worlds fourth-largest after the
USA, China and Brazil. A growing
population, increasing rate
of consumption and increasing
per capita income are accelerating
the demand for edible oil
in India. This paper analyses the
trend in edible oil consumption
and the prospects for the Indian
edible oil market in the coming
years.
India is a leading player in edible oils, being
the worlds largest importer (ahead of the EU
and China) and the worlds third-largest consumer
(after China and the EU). Each year, India
consumes over 10 million tonnes of edible
oils. Edible oils have a high penetration of 90%
in India. However, per capita consumption of
edible oils is around 11 kg per year. This is considerably
lower than in most developed countries.
Palm oil (mainly imported) and soya bean
oil account for almost half of total edible oil
consumption in India, followed by mustard and
groundnut oil. In India, most vegetable oil is
purchased by household or industrial buyers
(food processors, restaurants and hotels) for
frying or baking needs and is sold as loose oil
or vanaspati (partially hydrogenated vegetable
oil). Only a small percentage of edible oils are
sold in branded form at the retail level.
Types of oils commonly in use in India
In India consumer oil preferences vary from region
to region because preference is based on
local cultivations.
portant amongst the plantation crops. Among
the non-conventional oils, rice bran oil and cottonseed
oil are the most important.
Demand for edible oils
Vegetable oil consumption in the country is continuously
rising and has sharply increased in
the last couple of years to roughly 11.2 kg/
head/year. This is still lower than the world average
consumption level of 17.8 kg and that in
neighbouring countries like Pakistan (16.1 kg).
The developed western world has a per capita
consumption of 44 to 48 kg/year. According to
projections from the National Council of Applied
Economic Research (NCAER), per capita
consumption of edible oils is likely to reach
13.95, 14.83 and 16.17 kg by 2009-2010 if per
capita income grows by 4%, 5% and 6% respectively.
Consumption factors:
Per capita consumption of edible oil is low
(11 kg) but rising gradually;
Extreme variation in consumption. The
countrys top 10% of the population
consumes 20 kg per capita and the
bottom 30%, less than 5 kg per capita;
Strong regional preference for first press
oils with natural flavour mustard,
groundnut, coconut oils;
Inadequate quality control and quality
assurance mechanisms lead to
adulteration;
Antiquated food laws and poor implementation;
Low depth liquidity in futures markets;
Erosion of self-reliance in edible oils and
rising dependence on imports. Imports
currently constitute 45% of aggregate
consumption.
Demand drivers for edible oil consumption:
GDP growth and rising Income
India is the fourth-largest economy in the world
and the fastest-growing significant economy
with an average GDP of 6%. It has a population
of 1.06 billion, which is growing at a rate of 1.65%
per annum.
According to the NCAER, there are five
classes of consumer households, ranging from
the destitute to highly affluent, which differ considerably
in their consumption behaviour and
ownership patterns across various categories
of goods. These classes exist in urban as well
as rural households and consumption trends
may differ significantly between similar income
house holds in urban and rural areas.
Movement to cheaper oils / Pricing power
Edible oil prices are a sensitive issue for Indian
households. Edible oil being an essential ingre-
Region Preferred oil
North Mustard, rape
East Mustard, rape
West Groundnut
South Groundnut, coconut
India is fortunate in having a wide range of oilseed
crops grown in its different agro-climatic
zones. Groundnut, mustard/rapeseed, sesame,
safflower, linseed, Niger seed/castor are the major
traditionally cultivated oilseeds. Soya bean
and sunflower oils have also assumed importance
in recent years. Coconut is the most im-


Company Name
ANKUR PROTEIN INDUSTRIES LTD.
Address 417/1, CHOKHU BAZAR, KALUPUR, Ahmedabad Gujarat, India Phone No 91-79-
27175666/67/68/69/70 Contact Person Mr. PRADEEP SHAH (MANAGING DIRECTOR)

Moti Protinex Industries Ltd [MPILs] was incorporated on December 31, 1992 at
Ahmedabad & obtained the certificate of Commencement of Business on January
4, 1993 from the office of Registrar of Companies, Gujarat, Ahmedabad.
MPIL proposes to set up a fully automatic & continuous, integrated oil complex
for manufacture of refined edible rapeseed oil for domestic market & de-oiled
cakes for export market.
The Comp. has in fact already started manufacturing activities from 15th July,
1993, on Job work at Shree Western Gum and Chemicals Industries, Naroda,
Ahmedabad. The products are marketed under the registered brand 'APPU' &
'GUDDI'.
This strategic move of Comp. to get production done on job work wil help them in
creating the product image & also to generate cash accruals. With this it will be
easy for Comp. to penetrate the market for De-oiled cakes & Edible Refined oil, to
be manufactured in the company own manufacturing unit.