Gemini Edibles & Fats India Limited (GEFL), a major regional branded edible oil company with a strong presence across southern and eastern India, is proposing an initial public offering (IPO) comprising an Offer for Sale (OFS) of up to 41.15 million equity shares. The selling shareholders include Alka Chowdhry, Golden Agri International Enterprises Pte. Ltd. (GAIE), Black River Food 2 Pte. Ltd. and Investment & Commercial Enterprise Pte. Ltd. (ICE). Alka Chowdhry and GAIE will each offer approximately 2.06 million shares, while Black River Food 2 and ICE will offer approximately 30.86 million and 6.17 million shares, respectively.
Headquartered in Hyderabad, GEFL is led by industry veteran Pradeep Kumar Chowdhry and operates across the trading, processing, manufacturing and marketing of edible oils and specialty fats. The company is also expanding its consumer portfolio through spices and convenience food products.
During FY26, GEFL sold approximately 867,095 metric tonnes of edible oils and fats and 1,706 metric tonnes of spices and convenience foods. The company estimates that it held a 22.2% share of South India’s packaged sunflower oil retail market by revenue. It also reported an 18% share of India’s branded sunflower oil market by revenue.
Its branded consumer portfolio includes sunflower, rice bran, mustard, groundnut, soybean and palm oils. The Freedom and Be-Rite brands cover premium edible oils, while First Klass is positioned in palm oil. The branded retail business contributed 72% of company revenue in FY26, compared with 64% in FY24.
GEFL has expanded its branded oil presence from Andhra Pradesh into Telangana, Odisha, Karnataka, Chhattisgarh and Tamil Nadu. According to the company’s industry report, branded revenue grew at a compound annual growth rate of 20.5% between FY20 and FY25, compared with 10.1% growth for the overall branded edible oil market.
The company’s industrial consumer business supplies specialty fats and edible oils to food industry customers, while its bulk merchandising business handles palm, palm kernel, sunflower and soybean oils. GEFL also entered the spices and convenience food segment through the acquisition of the Annapoorna brand by its subsidiary GEF Foods in 2025. The company operates three port-based manufacturing facilities in Kakinada and Krishnapatnam in Andhra Pradesh, with combined refining capacity of 1.22 million tonnes per annum as of March 31, 2026.
GEFL has more than 1,600 distributors, over 300,000 retail outlets and more than 60 warehouses and stock points across six states, reaching an estimated consumer base of 318 million people. Revenue from operations increased from ₹9,053.84 crore in FY24 to ₹12,650.02 crore in FY26, while EBITDA rose from ₹462.83 crore to ₹793.93 crore during the same period. The company reported nil net effective debt as of March 31, 2026.
