Wilmar International, a Singapore-based agribusiness group, and the Adani Group, a diversified Indian conglomerate, established a 50:50 joint venture in January 1999. The partnership combined Adani’s strong domestic market presence and logistics expertise with Wilmar’s global sourcing capabilities and technical know-how.
The joint venture played a key role in shaping India’s edible oil industry, becoming a market leader. Fortune, one of its most recognised brands, contributed significantly to this success.
On December 30, 2024, Adani Enterprises announced its decision to sell its entire 44% stake in Adani Wilmar Limited in a deal worth approximately $2 billion.
This marked Adani’s complete exit from the joint venture, allowing Wilmar to take a more dominant role in managing the company.
With Adani’s departure, Wilmar International now holds a majority stake, consolidating its leadership in the edible oil sector. While the company continues to benefit from Adani’s established logistics network in India, Wilmar’s global expertise is expected to drive its future growth.
The restructuring has not impacted the operational strength of the business, as Wilmar remains committed to expanding its presence in India’s edible oil market.
The partnership between Adani and Wilmar played a key role in shaping India’s edible oil industry. With Adani Enterprises fully exiting the joint venture in December 2024, Wilmar International now assumes full control, strengthening its position in the market. Despite this ownership shift, the business remains well-positioned, continuing to leverage its strong distribution network and brand presence in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 12, 2025, 9:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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