K S Oils Limited, one of India’s leading integrated edible oil company’s and the leader in the Packaged Mustard Oils business, today announced that K S Oils Limited is floating K S Natural Resources Pte. Ltd., its subsidiary in Singapore. K S Natural Resources Pte. Ltd., Singapore would be responsible for investments and acquisition overseas.

The company has already entered into a Joint Venture in Malaysia for the purpose of Investments and acquisitions of Plantations for the manufacture of Palm Oil. With the high fluctuation of prices of commodities across the globe, this will help K S Oils Ltd in having a rich source of supply in this high fluctuating market. This will in turn increase its market share and will also help in maintaining the high growth standards shown over the past year.

K S Natural Resources Pte. Ltd. has seen K S Oils invest upto 150 crores as capital requirements for the purpose of identifying and acquiring assets in South East Asia. Mr. Ramesh Chand Garg, Chairman of K S Oils Limited said “India is one of the fastest growing markets in the world and keeping that in mind we are looking at being one of the leading players in the edible oil industry. The subsidiary in Singapore will help us ensure a steady and cost effective supply of Crude Palm Oil so that we can maintain both top and bottom line growth in the coming years”

K S Oils Limited also announced the appointment of three senior and renowned industry professionals as Independent Directors to its board. The induction of the three new Independent Directors will help K S Oils strengthen its board with respect to corporate governance measures and professional expertise.

The three independent Directors are Dr. S. M. Dewan, former CMD, State Trading Corporation of India (STC) and Dr Ram P Aneja, former MD, National Dairy Development Board (NDDB) and Prof. R. P Singh, Director of the Harcourt Butler Technological Institute Kanpur. All the three have over three decades of rich work experience in the corporate and academic world with specific focus in the agri-commodity businesses and research, and bring this expertise to the board.

Welcoming the Independent Directors to the K S Oils board, Ramesh Garg, Chairman K S Oils commented, “K S Oils today is uniquely placed in terms of growth & market-share and is well on its way in becoming a true Indian MNC in the agri-commodity and health products space. We need the guidance and validation of industry peers in our business decisions to ensure maximum value creation, risk mitigation and protection of rights of all stakeholders – especially the investors. We see the three Independent Directors adding tremendous value in terms of industry experience and professional expertise in our journey to become a world class company.”

With the induction of the three Independent Directors, the total strength of the K S Oils Board goes up to a total of 12 Directors including 6 Independent Directors. Along with the board the company has strengthened its senior management team with the induction of leading professionals from various fields.

Sourced From: Beehive Priority Consultants

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