The central Organisation for Oil Industry & Trade (COOIT) was formed as limited Company under the company’s Act1913 on 17th October, 1951 and incorporated as such on 1st October, 1952 as the Apex Organisation of the entire vegetable oil and oilseeds sector in India. Shri Naval H. Tata, Mumbai and Shri Ratilal M.Gandhi, Mumbai were the founder President and founder Chairman respectively of the COOIT and they rendered yeoman services to the COOIT during their tenure. Its membership spans whole of India across all sectors of the vegetable oil trade and industry and its membership includes nearly 40 leading Associations in different parts of the country representing regional and sector specific interests such as Oil Milling industry , Refining industry , Vanaspati, Solvent Extraction , Soaps industry , Export-Import Trade etc. including Export Promotion Associations and Future Trading Exchanges in oilseeds/oils. In addition, nearly 132 prominent manufacturers/business houses and trade connected with oilseeds and their products, machinery manufactures, service providers etc. are also members of the Central Organisation.
The affairs of the of the Central Organisation are managed by the Executive Committee whose meetings are held at regular intervals in different parts of India.