Ramdevbaba Solvent was originally incorporated as ‘Ramdevbaba Solvent Private Limited’ as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 25, 2008 issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, the company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extra-ordinary general meeting held on December 12, 2023 and a fresh certificate of incorporation dated December 27, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent upon conversion, recording the change in the name of the company from ‘Ramdevbaba Solvent Private Limited’ to 'Ramdevbaba Solvent Limited'.

The company is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (Rice Bran Oil). It manufactures and sells Rice Bran Oil to FMCG companies. It also manufactures, markets and sells Rice Bran Oil under its own brands ‘Tulsi’ and ‘Sehat’ through distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called ‘bran’. 

It is well known for its high smoke point of 232 Degrees Celsius and mild flavour, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio. Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant. It also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sell the same as cattle feed, poultry feed and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gums, spent earth and wax are sold in the open market.

Business area of the company

The company is engaged in extraction and refining of Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. It also manufactures, markets and sells Rice Bran Oil under its own brands ‘Tulsi’ and ‘Sehat’. 

Products of the company

Rice bran oil

De-oiled Rice Bran (DORB)

• Tulsi physically refined rice bran oil
• Sehat physically refined rice bran oil
• RBS De-oiled rice bran

Awards, recognitions and accreditations

• 2022: Awarded the ‘Third highest Processor Award’ for being third highest processor for the year 2021-22 by the Solvent Extractor’s Association of India. 
• 2023: Awarded the ‘Third highest Processor Award’ for being third highest processor for the year 2022-23 by the Solvent Extractor’s Association of India.
• 2024: Awarded as best alternate protein 2023-2024 by Suguna Foods.

History and milestones

• 2008: Incorporation of the company.
• 2009: Setting up of 1st Solvent Extraction plant with 250 TPD capacity in Bramhapuri.
• 2013: Crossed turnover of Rs 10,000 lakh.
• 2014: Setting up of 1st Oil Refinery with 50 TPD capacity in Bramhapuri. 
• 2017: Increased Oil Refinery capacity from 50 TPD to 100 TPD in Bramhapuri
• 2018: Setting up of 2nd Solvent Extraction plant with 300 TPD capacity in Mahadula.
• 2021: Installation of solar power plants with a combined capacity of 2 MW at both of its Manufacturing Facilities.
• 2022: Setting up of 3rd Solvent extraction plant with 300 TPD capacity in Bramhapuri.
• 2022: Crossed turnover of Rs 55,000 lakh.
• 2023: Setting up of 2nd Oil Refinery with 100 TPD capacity in Mahadula.
• 2023: Conversion of the company from private limited to public limited company.
• 2024: IPO Equity shares of the company listed on NSE Emerge generating a listing gain of around 31%.
• 2025: In March 2025, the company increased its stake in RBS Renewables Pvt Ltd from 30% to 50.82%, making it a subsidiary.