Sanjeev Asthana Archives - Business of Food https://www.businessoffood.in/tag/sanjeev-asthana/ Latest Food News, Food Industry News & Business Update Mon, 18 Nov 2024 04:39:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.businessoffood.in/wp-content/uploads/2024/01/cropped-Food-in-32x32.png Sanjeev Asthana Archives - Business of Food https://www.businessoffood.in/tag/sanjeev-asthana/ 32 32 227603187 Nutrela’s Protein-Packed Soya Get a Boost with Shilpa Shetty’s Endorsement https://www.businessoffood.in/nutrelas-protein-packed-soya-get-a-boost-with-shilpa-shettys-endorsement/ Mon, 18 Nov 2024 04:39:42 +0000 https://www.businessoffood.in/?p=6734 Nutrela announced Bollywood actor and wellness advocate Shilpa Shetty as its new brand ambassador. The brand with nearly four decades of trust in the Indian market, offers a wide range of Soya Nuggets.  Nutrela chunks, mini chunks and granules that come in various pack sizes are made from premium-quality soya. Shilpa, an actor, entrepreneur, fitness […]

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]]> Nutrela announced Bollywood actor and wellness advocate Shilpa Shetty as its new brand ambassador. The brand with nearly four decades of trust in the Indian market, offers a wide range of Soya Nuggets.  Nutrela chunks, mini chunks and granules that come in various pack sizes are made from premium-quality soya. Shilpa, an actor, entrepreneur, fitness icon and an advocate for balanced living embodies Nutrela’s core values of health and nutrition. The collaboration highlights Nutrela’s versatility, showcasing its range of dishes as the ideal choice for Nutritious Lifestyle. 

Speaking about the association, Mr. Sanjeev Asthana, CEO of Patanjali Foods Ltd., said, “Shilpa Shetty is a leading figure in health and wellness in India. Our brand ethos are perfectly aligned with Shilpa’s, making her the ideal face for Nutrela. Her deep-rooted passion for wellness complements our commitment to promoting a balanced, protein-rich diet. Shilpa’s influence will further elevate Nutrela’s mission, inspiring millions to embrace Nutrela Soya Nuggets as a vital part of their wholesome diet.”

Commenting on her partnership with Nutrela, Shilpa stated, “I am thrilled to join Nutrela’s remarkable journey. I believe Nutrela Soya Nuggets is an exceptional, protein-rich food that is not only nutritious but delicious too. I resonate with brand’s commitment of promoting a nutritious lifestyle and making a positive impact on Indian households.”

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]]> 6734 Patanjali Foods to Acquire Patanjali Ayurved’s Non-Food Business for Rs 1,100 Crore https://www.businessoffood.in/patanjali-foods-to-acquire-patanjali-ayurveds-non-food-business-for-%e2%82%b91100-crore/ Tue, 02 Jul 2024 08:21:30 +0000 https://www.businessoffood.in/?p=4889 Patanjali Foods Ltd is set to acquire the non-food business of Patanjali Ayurved, led by Baba Ramdev, for Rs 1,100 crore. According to a regulatory filing, the board has approved the acquisition, which encompasses the entire non-food business, including hair care, dental care, skin care, and home care segments. This also includes all movable assets, […]

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]]> Patanjali Foods Ltd is set to acquire the non-food business of Patanjali Ayurved, led by Baba Ramdev, for Rs 1,100 crore. According to a regulatory filing, the board has approved the acquisition, which encompasses the entire non-food business, including hair care, dental care, skin care, and home care segments. This also includes all movable assets, immovable properties, contracts, licenses, books and records, employees, and certain assumed liabilities of Patanjali Ayurved, through a slump sale arrangement on a going concern basis.

The acquisition depends on the approval of shareholders, lenders, and other necessary clearances, including from the Competition Commission of India. The total payment will be made in five tranches. Patanjali Foods CEO Sanjeev Asthana mentioned that the company would fund the deal through internal cash reserves. The transaction is expected to be completed within the current quarter.

In 2023, Patanjali Foods Ltd reported a revenues of Rs 318 billion, marking a significant increase from Rs 242 billion in 2022.

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