Khandelwal Extractions Limited initially operated in the solvent extraction sector, producing rice bran oil and related byproducts. The enterprise was established on April 24, 1981, and transitioned to a public limited company in May 1982. By November 2018, its solvent extraction activities ceased, and the manufacturing of rice bran oil concluded in 2021. As of 2022, the company sold its manufacturing assets and now primarily focuses on the leasing of its godowns. The firm maintains its headquarters in Kanpur, India.