K. S. Oils

What K. S. Oils does

K. S. Oils Limited is an integrated Indian edible oil company founded in 1985 by the Garg family and headquartered in Morena, Madhya Pradesh. The company operates across the full edible oil value chain — mustard seed crushing, solvent extraction, refining, cold-press (Kachi Ghani), and vanaspati manufacturing — with branded consumer products sold under flagship brands Kalash and Double Sher (mustard oils), KS Soya and Kalash Soyabean (refined soybean), KS Gold (refined sunflower), KS Gold Palmolein, and KS Gold/KS Gold Plus (vanaspati). It also operates 28 windmills generating 24 MW of captive power and supplies the Indian Defence Forces as its largest institutional customer. The business historically served both retail consumers (urban and rural across 1,200 cities via 1,313 distributors and 170,000+ retailers) and modern trade chains (Big Bazaar, More, Spencers, Reliance Fresh, Vishal Mega Mart, Vishal Mega Mart), with an institutional segment supplying temples, hajis, and bulk institutional buyers.

The company's distinctive technical and strategic posture was built around three pillars: (i) full vertical integration at a single Morena complex (the only such setup in India), (ii) backward integration via 138,000 acres of palm plantations in Indonesia and Malaysia through its Singapore-based subsidiary K S Natural Resources (KSNR) — the largest such land bank owned by any Indian firm — and (iii) port-based refining capacity added via the Rs 125 crore Haldia Port acquisition. The company went public on BSE, NSE, and SGX, raising cumulative private equity of roughly Rs 720 crore from Citigroup Venture Capital, Baring Private Equity Asia, and New Silk Route between 2006 and 2009. Revenue grew from Rs 2,052 crores in FY08 to Rs 4,662 crores in FY11, capturing 11% of India's mustard oil market and 25% of the branded mustard segment.

The company is now delisted and, as of October 2021, is operating under a Section 230 insolvency/restructuring process with active invitations for Expression of Interest to dispose of company assets — a material change from its pre-2011 hyper-growth posture. The corporate website has not been updated materially since approximately 2011, and no post-FY16 audited financials are available in the input data.

Name

K. S. Oils

Legal name

K S Oils Limited

Website

https://ksoils.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

K. S. Oils is an integrated Indian edible oil company producing branded mustard oil (Kalash, Double Sher), refined oils, and vanaspati, with backward-integrated palm plantations in Indonesia and a pan-India distribution network reaching 170,000+ retailers; now delisted and in restructuring.

Ownership category

akta.pro rank

Product category

Edible Oils

NAICS

Fats and Oils Refining and Blending (311225), Soybean and Other Oilseed Processing (311224), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Fats & Oils (2070)

akta.pro primary industry

Vegetable Oil Crushing & Refining (Soy, Canola/Rapeseed, Sunflower, Corn, Cottonseed) (AFAKAEAA)

akta.pro secondary industries

Palm Oil Milling, Refining & Fractionation (AFAKAEAB), Commodity Edible Vegetable Oils (Refined/Bleached/Deodorized) (AFAJALAA), Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Edible Oils & Fats Trading/Wholesale (AFAIAKAC), Edible Oils & Food-Grade Liquid Terminals (TLAHABAJ), Other Oilseed Farming (Flaxseed/Linseed, Safflower, Sesame, Mustard, Camelina, etc.) (AFAGABAI)

Keywords

• Edible oil manufacturing
• Mustard oil brands
• Refined cooking oil
• Vanaspati hydrogenated oil
• Palm oil plantations

Headquarters

HQ city

Morena

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Mustard Oil: Crude (filtered and unrefined) mustard oil sold under brands Double Sher and Kalash; contributes 40-50% of total revenue
2. Refined Oils: Refined soybean oil and other refined oils; contributes approximately 30% of revenue
3. Vanaspati: Hydrogenated palm oil products under KS Gold and KS Gold Plus brands; contributes 7-10% of revenue
4. Solvent and By-products: Solvent extraction and de-oiled cake for cattle feed; contributes 10% of revenue
5. Power Generation: Windmill power generation for captive consumption and sale; 28 windmills generating 24 MW of energy

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

K. S. Oils is an integrated edible oil company that manufactures and sells branded packaged cooking oils across mustard oil (Kalash, Double Sher), refined oils (KS Soya, KS Gold, KS Gold Palmolein), and vanaspati (KS Gold, KS Gold Plus). The company operates India's only fully integrated manufacturing complex combining cold press, refinery, solvent extraction, and vanaspati production in a single location, and has backward integration into palm plantations in Indonesia and Malaysia. Products are sold in pack sizes from 200ml to 15kg through a 1,313-distributor network reaching 170,000+ retailers across 1,200 cities.

Product overview

K. S. Oils is an integrated edible oil company offering a diversified portfolio of cooking oils across multiple segments. The company operates across three main product categories: Mustard Oil (with flagship brands Kalash and Double Sher), Refined Oils (including soybean, sunflower, and palmolein under KS Soya, KS Gold brands), and Vanaspati (KS Gold and KS Gold Plus hydrogenated palm oil). The company is the largest processor of mustard seeds in India with 11% market share in the overall mustard oil segment and dominant 25% market leadership in branded mustard oil. Their products are sold across various pack sizes from 200ml to 15kg to serve different consumer segments including retail, modern trade, and institutional buyers.

Differentiator

Problem solved

Functional benefit

Brands

• Kalash: Flagship premium brand in mustard oil segment; popular among health-conscious consumers
• Double Sher
• KS Gold
• KS Gold Plus
• Kalash Soyabean
• KS Soya
• K S Gold Palmolein

Products and services

• Kalash Mustard Oil
• Double Sher Mustard Oil
• Kalash Soyabean Oil (KS Soya)
• Kalash Sunflower Oil (KS Gold Refined)
• KS Gold Palmolein
• KS Gold Vanaspati

Quantifiable outcome

• 11% overall mustard oil market share, 25% in branded segment
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• K S Natural Resources (KSNR) Pte. Ltd.coreOEM/ Whitelabel/ Licensing PartnerFully-owned subsidiary of K S Oils in Singapore; drives international business including palm plantations in Indonesia and Malaysia, trading operations, and global expansion; received International Headquarters (IHQ) status from Singapore EDB
• National University of SingaporesupportingStrategic or Co-development PartnerR&D partnership for mineral and nutrient analysis of plantation sites, mathematical modelling to increase yield and optimize production at lower costs; partnership active for over two years
• Singapore Economic Development Board (EDB)supportingStrategic or Co-development PartnerAwarded International Headquarters (IHQ) status to KSNR - first for an Indian agri-commodity company; supports global expansion from Singapore
• PricewaterhouseCoopers (PwC)supportingImplementation/ SI/ Consulting PartnerAdvised on taxation matters for the Haldia refinery acquisition
• KPMGsupportingImplementation/ SI/ Consulting PartnerConducted due diligence for the Haldia refinery acquisition
• Rajani AssociatessupportingImplementation/ SI/ Consulting PartnerLaw firm handling legal due diligence for the Haldia refinery acquisition

Scale indicators18 records

Recent moves8 records

Expansion highlights5 records

Peers

• Cargill India:

Direct peers

• Ruchi Soya Industries (Patanjali Ayurved): Direct competitor in branded edible oils (Mahakosh, Ruchi Gold); went through its own IBC resolution in 2017–2019 and was acquired by Patanjali — the most direct precedent for K. S. Oils' restructuring path.
• Adani Wilmar Limited: India's largest edible oil company by revenue (Fortune, Alpha, Raag brands); directly comparable integrated player with refining, packaging and pan-India distribution, and the natural consolidator for distressed edible oil assets like K. S. Oils.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ks-oils-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about K. S. Oils