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{{Short description|Indian rice processing company}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
| name = KRBL Limited
| logo = KRBL Limited logo.png
| logo_size =
| caption =
| type = [[Public company|Public]]
| genre =
| traded_as = {{NSE|KRBL}} <br /> {{BSE|530813}}
| former_name = Khushi Ram Behari Lal Ltd.<ref>{{cite news |title=KRBL plans to scale up seeds business |url=https://www.business-standard.com/article/markets/krbl-plans-to-scale-up-seeds-business-104030301010_1.html |access-date=26 June 2023 |work=Business Standard |date=3 March 2004}}</ref>
| foundation = {{Start date and age|1889}} in [[Lyallpur]], [[Punjab Province (British India)|Punjab]], [[British India]]
| founders = {{ubl|Khushi Ram|Behari Lal<ref name=forbes>{{cite news |title=Returns On Rice: The Making Of India's Biggest Basmati Exporter |url=https://www.forbesindia.com/article/8th-anniversary-special/returns-on-rice-the-making-of-indias-biggest-basmati-exporter/46923/1 |access-date=6 December 2020 |work=Forbes India |language=en}}</ref>}}
| defunct =
| location_city = [[Noida]], [[Uttar Pradesh]]
| location_country = India
| locations =
| area_served = Worldwide
| key_people = {{ubl|Anil Mittal {{small|(Chairman & Managing Director)}}}}
| industry = [[Rice]]
| products =
| services =
| revenue = {{up}} {{INRconvert|5363|c}} (FY23)<ref name="fy23"/>
| operating_income =
| net_income = {{up}} {{INRconvert|701|c}} (FY23)<ref name="fy23">{{cite news |title=KRBL tanks after Q4 earnings |url=https://www.capitalmarket.com/news/hot-pursuit/krbl-tanks-after-q4-earnings/1427864 |access-date=26 June 2023 |work=capitalmarket.co}}</ref>
| aum =
| assets =
| equity =
| owner =
| num_employees =
| parent =
| divisions =
| homepage = {{URL|https://krblrice.com/}}
| footnotes =
}}

'''KRBL Limited''' is an Indian [[rice]] processing and exporting company, and the world's largest [[rice mill]]er. It is best known for its India Gate brand of [[basmati rice]], which is the largest selling rice brand in India.<ref name=forbes/><ref>{{cite news |last1=Mitra |first1=Sounak |title=India's largest selling rice brand is now a zero-tax product |url=https://www.livemint.com/Industry/1fs5AXOkT6RuGb7ASeUn0I/Indias-largest-selling-rice-brand-is-now-a-zerotax-product.html |access-date=6 December 2020 |work=mint |date=7 July 2017 |language=en}}</ref><ref>{{cite news |title=Indian rice miller eyes expansion as Gulf demand grows |url=https://www.arabianbusiness.com/indian-rice-miller-eyes-expansion-as-gulf-demand-grows-622905.html |access-date=6 December 2020 |work=Arabian Business}}</ref><ref>{{cite news |title=India's Pride |url=https://www.outlookbusiness.com/specials/the-power-of-i_2017/indias-pride-3622 |access-date=6 December 2020 |work=Outlook Business}}</ref> The company exports rice to over 80 countries;<ref>{{cite news |title=KRBL Ltd. |url=https://www.business-standard.com/company/krbl-5991/information/company-history |access-date=6 December 2020 |work=Business Standard India}}</ref> about 36% of its export revenue comes from the [[Middle East]] countries, as of 2021.<ref>{{cite news |title=India Gate -The Indian Superbrand For The World |url=https://www.outlookbusiness.com/enterprise-3/outlook-business-initiative-148/india-gate-the-indian-superbrand-for-the-world-6322 |access-date=26 June 2023 |work=Outlook Business}}</ref><ref>{{cite news |last1=Mathew |first1=James |title=New Indian products from KRBL set to hit UAE shelves |url=https://www.arabianbusiness.com/retail/406191-new-indian-products-from-krbl-set-to-hit-uae-shelves |access-date=6 December 2020 |work=Arabian Business |date=11 October 2018}}</ref>

==History==
KRBL was founded in 1889 in [[Lyallpur]] by two brothers–Khushi Ram and Behari Lal; the company name is an [[acronym]] of their names. Initially set up as a cotton-spinning (or perhaps cotton ginning) business, it also had business interests in edible oil, wheat and rice. After the [[partition of India]], the family settled in [[Delhi]] and started again from scratch, working as trade agents of rice and oil in the city's Naya Bazaar area.<ref>{{cite news |last1=Manmohan |first1=Nutan |title=India Gate basmati rice was created in Delhi's Naya Bazaar. It remains undefeated leader |url=https://theprint.in/feature/india-gate-basmati-rice-was-created-in-delhis-naya-bazaar-it-remains-undefeated-leader/1621824/ |access-date=26 June 2023 |work=ThePrint |date=10 June 2023}}</ref>

By the 1970s, KRBL was producing only rice, and supplying to local exporters including the [[Zee Group]]. The company began exporting rice directly, in its own name, only in 1985. In 1992, it set up its first unit in [[Ghaziabad]], [[Uttar Pradesh|UP]], on the outskirts of Delhi. This unit was for sorting, grading and packaging rice. In 1995, KRBL issued its [[initial public offering]]. In 1998, the company launched its own brand of rice, "India Gate," in the Indian market. In 1998, the company commissioned its second plant (sorting, grading, and packaging of rice) in [[Alipur, Delhi]]. In 2001, the third plant was set up in [[Gautam Buddh Nagar]], [[Uttar Pradesh|UP]] (again in the outskirts of Delhi).<ref name=forbes/><ref>{{cite news |last1=Modi |first1=Ajay |title=India gets its first basmati billionaire family |url=https://www.business-standard.com/article/companies/india-gets-its-first-basmati-billionaire-family-117111600061_1.html |access-date=6 December 2020 |work=Business Standard India |date=16 November 2017}}</ref><ref>{{cite news |title=Anil Mittal has played a key role in transforming basmati trade |url=https://www.businesstoday.in/magazine/cover-story/anil-mittal-krbl-played-key-role-in-changing-basmati-trade/story/201070.html |access-date=6 December 2020 |work=Business Today}}</ref>

In 2003, KRBL became the first Indian rice company to receive foreign investment, and in 2006, it issued [[Global depository receipt|GDRs]] of {{USD}}13 million. It was also in 2003 that KRBL acquired a 65-acre rice processing, grading and packaging plant near [[Dhuri]] for {{INR}}15.8 crore through a [[court auction]]. The facility was turned into the largest rice milling plant in the world after a {{INR}}200 crore upgrade.<ref>{{cite news |title=KRBL bets on plant upgrade for growth |url=https://www.telegraphindia.com/business/krbl-bets-on-plant-upgrade-for-growth/cid/877048 |access-date=6 December 2020 |work=The Telegraph}}</ref><ref>{{cite news |title=Adding a regional flavour |url=https://businessindia.co/magazine/adding-a-regional-flavour |access-date=6 December 2020 |work=Business India |language=en}}</ref> In 2016, the company started operating its fourth plant, located in [[Sonipat district]] of [[Haryana]].<ref>{{cite news |title=KRBL Ltd commences new Grading, Sorting and Packaging plant at Akbarpur Barota, Distt. Sonipat |url=https://www.equitybulls.com/admin/news2006/news_det.asp?id=190785 |access-date=11 June 2021 |work=EquityBulls |date=2016-07-27}}</ref>

==Controversy==
The company was named in a [[chargesheet]] filed by the [[Enforcement Directorate]] (ED) in December 2020 in relation to a [[money laundering]] case linked with [[Embraer]].<ref>{{cite news |last1=Sonavane |first1=Ravindra N. |title=KRBL slips 6% as ED names company in chargesheet in Embraer deal |url=https://www.livemint.com/market/stock-market-news/krbl-slips-6-as-ed-names-company-in-chargesheet-in-embraer-deal-11607573700172.html |access-date=26 October 2021 |work=mint |date=10 December 2020 |language=en}}</ref> In January 2021, the ED arrested KRBL's joint managing director Anoop Kumar Gupta in connection to the [[2013 Indian helicopter bribery scandal|AgustaWestland bribery scandal]].<ref>{{cite news |title=ED arrests Joint MD of rice export firm KRBL in AgustaWestland scam |url=https://www.hindustantimes.com/india-news/ed-arrests-joint-md-of-rice-export-firm-krbl-in-agustawestland-scam-101612018266577.html |access-date=11 June 2021 |work=Hindustan Times |date=30 January 2021 |language=en}}</ref>

==See also==
* [[Pusa 1121 rice]]

==References==
{{Reflist}}

[[Category:Food and drink companies established in 1889]]
[[Category:Rice organizations]]
[[Category:Companies based in Noida]]
[[Category:Indian brands]]
[[Category:Food and drink companies of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

KRBL (company) - Revision history

Frankieren: put up the article initial version