What began as a local oil-trading business in Rajkot in 1996 has evolved into Vishwas Refoils & Consumer Limited, an edible oil company reporting revenue from operations of Rs 310.26 crore in FY2026. Nearly three decades after its establishment, the company is preparing for its next phase of growth, with plans to strengthen its position in the edible oil value chain through a proposed refining facility.

The business was established as Vishwas Tea Co. by Late Daulatram Sadarangmal Mandhiyani. In 2015, it was reconstituted as a partnership under the name Vishwas Refoils, followed by the incorporation of Vishwas Refoils LLP in 2022. Vishwas Refoils & Consumer Limited was incorporated as a public limited company in March 2023. In March 2024, the company acquired the operations of the legacy businesses on a going-concern basis, bringing them under a single corporate structure.