MAM
Ruchi Soya to merge with Patanjali Ayurved under the name ‘Patanjali Foods’
Mumbai: Baba Ramdev-led Ruchi Soya Industries on Monday stated it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd’s food business with itself and further decided to change the name of the company to Patanjali Foods Ltd.
Ruchi Soya recently raised Rs 4,300 crore through a follow-on public offer (FPO).
In its regulatory filing, Ruchi Soya apprised that the board of directors, in the meeting held on Sunday, “gave in-principle approval to evaluate the best way to amalgamate the food business of Patanjali Ayurved Ltd. “
The board authorised the officials of the company to negotiate, finalise and conclude the terms and conditions of the proposed deal.
Last month, Baba Ramdev announced that in the upcoming months, Patanjali Ayurved will transfer all food business to Ruchi Soya. Patanjali Ayurved would operate in the non-food, traditional medicine, and wellness space.
Patanjali Group acquired Ruchi Soya in 2019 for Rs 4,350 crore through insolvency proceedings.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
