Lovedale has a rich lineage backed by experience spanning 3 generations. The company is part of the Arikkat Group, founded by brothers Mr. A C Paul and Mr. A C John who started a plywood factory at Chalakudy in 1956. The promoters envisaged diversifying into cooking oils and started Arikkat Oil Industries in 1989 to meet the growing demand for coconut oil. Coconut oil till then was produced using traditional methods in Kerala and consumed in all other states of India.

Arikkat Oils decided to address the limitations in terms of shelf life, purity, natural aroma and flavour by introducing advanced technology in extraction and packaging. This resulted in an overwhelming market response encouraging Arikkat Oil to introduce different edible oils to markets in India and abroad.

Commercial oil production started in 1992 and subsequently Arikkat Trades and Exports began in 2001. The current management team includes Mr. Benny J. Arikkat, son of Mr. A. C. John and Mr. Rajesh Jose & Mr. Manish Varghese, grandsons of Mr. A. C. Paul.