MK Agrotech acquires risco oil brand

Mumbai: Karnataka-based MK Agrotech, which sells edible oil under Sunpure brand, on Wednesday said that its has acquired Riso, an  edible oil brand, to bolster its presence in the Maharashtra market.

The product portfolio of Risco includes groundnut oil, rice bran oil and sunflower oil. “MK Agrotech, the Karnataka-based parent company, is looking to bolster Sunpure’s presence in the Maharashtra market, targeting a revenue of ₹120 crore in FY 2023-24 from the region,” said a statement issued by the company.

Riso edible oil brand enjoys 10 per cent market share in Maharashtra and is currently available across over 8,000 retail outlets in the state.