AWL on National Stock Exchange of India

Adani Wilmar

Indian consumer goods company

AWL Agri Business, formerly Adani Wilmar, is an Indian multinational food and beverage conglomerate based in Ahmedabad. The company was founded in 1999 as a joint venture between Adani Enterprises and Wilmar International.2 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1999Founded1

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  • TickerAWL on National Stock Exchange of India1
  • Industryfood processing, personal care product1
  • HeadquartersAhmedabad1
  • Websitewww.awl.in

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AWL Agri Business
Photo: AWL Agri Business, CC BY-SA 4.0, via Wikimedia Commons3

AWL Agri Business, formerly Adani Wilmar, is an Indian multinational food and beverage conglomerate based in Ahmedabad. The company was founded in 1999 as a joint venture between Adani Enterprises and Wilmar International. It is India's largest processor of edible oils. As of 2025, AWL operates 24 plants across 11 states in India and exports its products to more than 50 countries.2

How it started

History

Adani Wilmar Ltd. was incorporated in 1999 as an equal joint venture between Adani Enterprises and Singapore-based Wilmar International.

Adani Wilmar's brand, Fortune, is an edible oils and foods brand. Between 2014 and 2017, the company launched other packaged products, such as rice, soya chunks, and flour, under the same brand name. Between 2019 and 2020, the company entered the personal care market under the brand Alife. During the same period, AWL also ventured into the ready-to-cook (RTC) products market. As of 2021, the company held an 18.3% market share in the branded edible oil market in India. It is India's largest processor of palm oil.

Adani Wilmar opened its three-day initial public offering (IPO) on 27 January 2022, and the issue closed on 31 January 2022. The listing took place on 8 February 2022.

In December 2024, Adani Enterprises announced that it would exit the Adani Wilmar joint venture by selling its 44% stake to public shareholders and Wilmar International. Adani Enterprises exited the company in November 2025 after the completion of the stake sale.

In February 2025, Adani Wilmar was renamed as AWL Agri Business Limited following the approval of its shareholders.

From Wikipedia’s article on Adani Wilmar, shared under CC BY-SA 4.0.2

Timeline

  1. 1999Founded Founded1

Sources

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