Ruchi Soya Industries Limited was founded in 1986 by Dinesh Sahara, to manufacturer Soybean edible oil.

[4] In December 2017, Ruchi Soya Industries entered into insolvency because of its total debt of about ₹12,000 crores.

[5][6] In December 2019, Patanjali Ayurved acquired the bankrupt Ruchi Soya for ₹4,350 crore.

[7][8] In June 2021, Ruchi Soya acquired the biscuits and noodles business of Patanjali for ₹60 crore.

[11] In 2023, SEBI froze promoters shares for failing to allow the minimum public shareholding in listed companies at 25%.