Skip to content
Search

Latest Stories

Edible oil supplier KTC acquired by private equity firm Endless

According to Endless, the acquisition will provide KTC additional investment for the company's ambitious growth plans.

Edible oil supplier KTC acquired by private equity firm Endless

Private equity firm Endless LLP has acquired KTC EDIBLES, one of the UK’s largest distributors of edible oil.

The family business, which was founded in 1972 by Jernail Singh Khera, supplies over 250 million litres a year to manufacturers, retailers and wholesalers across the UK and globally.


Based in Wednesbury, West Midlands, the business has over £400 million turnover, four production sites and 450 employees.

According to Endless, the acquisition will provide KTC additional investment for the company’s ambitious growth plans through further development of its operations, range and service offerings.

“Through its strong relationships with suppliers and customers, KTC has demonstrated its importance to the UK food industry at a time of increasing volatility across the global food market,” Aidan Robson, a partner at Endless, said.

“We look forward to supporting Paresh (Mehta) and the wider KTC team as we build upon the excellent platform laid down by the founding family.”

Mehta, a shareholder and current KTC chief executive, will continue to lead the business into its next phase of growth.

He said, “This is fantastic news for KTC. While it is business as usual, we are excited by the opportunities new ownership will bring and we look forward to continuing our rapid growth and development. We would also like to thank the Khera family for building such a strong business and supporting the company and its employees over the last 50 years.”

KTC joins Endless’s existing portfolio of food businesses that includes Hovis, Bright Blue Foods and Yorkshire Premier Meat.

Wells Fargo Capital Finance (UK) Limited supported the transaction.

Nigel Hogg, head of EMEA Commercial Credit at the firm, said, “We are delighted to be supporting Endless in the acquisition of KTC, a superb business with a strong position within the food sector.”

The development comes as KTC celebrates its 50th anniversary this year. Khera, who came to Britain in 1958 from the Indian state of Punjab, started the business in 1972, packing specialty oils such as mustard and almond oil at the back of a small store. After an amazing journey of growth and expansion, KTC is now the UK’s top supplier of cooking oils and other ingredients to food service, wholesalers and manufacturers.

KTC’s retail business has been even more successful exporting to over 80 countries as well as enjoying a pre-eminent UK presence in supermarkets and independent stores across the country.

The business had a major reshuffle in 2019 when Sukhjinder Khera, Jernail’s son, stepped down as the managing director, the role he served in since 1973. Mehta, who has been with the business for over two decades, was appointed in his stead with Sukhjinder and his elder brother Santokh becoming joint chairmen.

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less