Yoga guru Baba Ramdev and his younger brother Ram Bharat and close aide Acharya Balakrishnan will join Rachi Soya’s board of directors. Ruchi Soya owns the food brand Nutrilla. Patanjali Ayurved has acquired Ruchi Soya last year.
Ruchi Soya Industries Ltd. In a notice sent to shareholders, it has sought permission to appoint Ram Bharat (41) as the Managing Director of the company.
The notice states that Patanjali Ayurved Ltd. Divya Yoga Mandir Trust, Patanjali Transport Private Limited. And the alliance of Patanjali Village Industries had acquired the previous Ruchi Soya. After that the new management has got the right to constitute the board of directors. The interest was in the soy bankruptcy process.
In the meeting of the company’s board of directors held on August 19, 2020, Ram Bharat has been appointed as managing director for the same day from December 17, 2022. His post has been changed from full-time director to managing director. Now shareholders’ approval has been sought for his appointment. Bharata will be paid a salary of one rupee per annum.