Shree Renuka Sugars
Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills, 2 port-based refineries, and 1,250 KLPD ethanol capacity, serving FMCG manufacturers, Oil Marketing Companies, defence, retail consumers via the Madhur brand, and export markets.
- Company typePublic
- Founded1998
- HeadquartersBelgaum, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Shree Renuka Sugars does
Shree Renuka Sugars Limited is a publicly listed Indian agribusiness and bio-energy corporation (NSE/BSE ticker RENUKA) founded in 1998 and headquartered in Mumbai, with operational roots in Belgaum. It operates across the full sugar value chain: 8 sugarcane crushing mills in Uttar Pradesh, Maharashtra and Karnataka producing 431,167 MT of sugar per year; 2 port-based refineries at Kandla and Haldia handling 1.38 Mn MT of raw sugar annually for both domestic supply and exports to the Middle East, North Africa and East Africa; a consumer-facing Madhur Pure & Hygienic Sugar brand commanding 33% market share in India's packed sugar segment; and a cogeneration business producing 618 Mn Kwh of power (257 Mn Kwh exported to the grid) from bagasse, a sugar manufacturing by-product.
The company runs an integrated ethanol platform with installed capacity of 1,250 KLPD—expanded from 720 KLPD in 2023—producing Absolute Alcohol for petrol blending under India's Ethanol Blending Programme, Extra Neutral Alcohol for the potable alcohol industry, and Rectified Spirit for chemical industries. It supplies Oil Marketing Companies including Indian Oil, Bharat Petroleum and Hindustan Petroleum, empanels with the Army Purchase Organisation for institutional supply, and serves major FMCG manufacturers in beverages, biscuits, snacks and confectionery. A 100%-owned subsidiary, KBK Chem-Engineering Private Limited (Pune), provides proprietary K-Super and K-M@A EPC solutions for fermentation and distillation industries across Asia, South-East Asia and Africa, adding a services revenue stream. The company was the first in India to receive a Green Loan and operates under sugar export prohibition until September 2026.
Shree Renuka Sugars firmographics
Firmographics- Name
- Shree Renuka Sugars
- Legal name
- Shree Renuka Sugars Limited
- Website
- https://renukasugars.com
- Company type
- Public
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills, 2 port-based refineries, and 1,250 KLPD ethanol capacity, serving FMCG manufacturers, Oil Marketing Companies, defence, retail consumers via the Madhur brand, and export markets.
- Ownership category
- akta.pro rank
Shree Renuka Sugars industry classification
Industry- Product category
- Sugar Manufacturing & Refining
- NAICS
- Cane Sugar Manufacturing (311314), Sugar Manufacturing (31131), Sugar and Confectionery Product Manufacturing (3113)
- SIC
- Sugar & Confectionery Products (2060)
- akta.pro primary industry
- Cane Sugar (Raw & Refined) (AFAJAAAA)
- akta.pro secondary industries
- Grain & Sugar-Based Ethanol Production (EUAAAHAA), Sugar & Sweeteners Trading/Wholesale (AFAIAKAB)
Keywords
Where Shree Renuka Sugars is headquartered
LocationHeadquarters
- HQ city
- Belgaum
- HQ country
- India
- HQ region
- Asia
Offices16 records
Markets served
Shree Renuka Sugars business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Sugar Manufacturing and Refining: Sugar milling operations in Uttar Pradesh, Maharashtra and Karnataka producing sugar from sugarcane; sugar refining at port-based refineries handling over 1.38 Mn MT of raw sugar for domestic and export markets
- Ethanol Production: Production of ethanol for blending with petrol (Absolute Alcohol), Extra Neutral Alcohol (ENA) for potable alcohol industry, and Rectified Spirit (RS) for chemical industries; supplies to oil marketing companies, potable alcohol industry, and chemical industries
- Power Generation: Cogeneration power plants producing electricity from bagasse; majority used captively within operations with surplus electricity sold to state grids and power exchanges
- Distillery EPC Services: KBK Chem-Engineering subsidiary provides turnkey distillery, ethanol, sugar process equipment and biofuel plant solutions globally through EPC contracts
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Shree Renuka Sugars product offering
Product offeringCore offering
Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills in Uttar Pradesh, Maharashtra and Karnataka along with two port-based refineries that handle over 1.38 Mn MT of raw sugar for domestic and export markets. The company produces ethanol at 1,250 KLPD capacity for fuel blending and industrial alcohol, generates cogeneration power from bagasse, sells packaged sugar to retail consumers under the Madhur brand (33% market share), and through its KBK Chem-Engineering subsidiary delivers EPC solutions for distillery and fermentation plants globally.
Product overview
Shree Renuka Sugars operates as a diversified agribusiness company in food and bioenergy space. The company runs a platform-plus-multiple-business-units model comprising: Sugar Milling (8 mills in UP, Maharashtra, Karnataka), Sugar Refining & Exports (two integrated port-based refineries with 1.38 Mn MT capacity), Consumer Pack division (Madhur Pure & Hygienic Sugar brand with 33%+ market share), Green Energy/Ethanol production (expanded to 1,250 KLPD capacity), Cogenerated Power from bagasse, and KBK Chem-Engineering subsidiary providing distillery EPC solutions globally. The company is India's largest sugar refiner, largest ethanol producer, and a major contributor to India's Ethanol Blending Program.
Differentiator
Problem solved
Functional benefit
Brands
- Madhur: India's largest selling packed sugar brand launched in 2007, marketed as 'Pure & Hygienic Sugar' with the 5S philosophy (Surakshit, Shuddh, Safed, Samaan Mithaas, Sulphur-free Process). Holds over 33% market share in the packed sugar segment.
Products and services
- Madhur Pure & Hygienic Sugar India's largest selling packed sugar brand offering pure and hygienic sugar with the proprietary '5S' guarantee (Surakshit, Shuddh, Safed, Samaan Mithaas, Sulphur-free Process). Sold to retail consumers across India with 33% market share in the packed sugar segment and 20%+ CAGR growth since 2018-19.
- Sugar Milling Operations Eight sugar mills operating in Uttar Pradesh, Maharashtra and Karnataka sugarcane-rich belts, crushing sugarcane to extract juice that is refined into pure sugar crystals. Total sugar produced annually stands at 431,167 MT.
- Sugar Refining & Exports Two integrated port-based sugar refineries located at Kandla and Haldia handling over 1.38 Mn MT of raw sugar annually. Refined white sugar is supplied to large national and multinational food manufacturers in India and exported to the Middle East, North and Eastern Africa.
- Ethanol (Green Energy) Production of ethanol at expanded capacity of 1,250 KLPD for blending into petrol under India's Ethanol Blending Programme. Three product grades are produced: Absolute Alcohol (AA) for fuel blending, Extra Neutral Alcohol (ENA) for potable alcohol industry, and Rectified Spirit (RS) for chemical industries. Total ethanol produced annually is 196 MN LTR.
- Cogenerated Power Renewable power generated from bagasse, a by-product of sugar manufacturing. Power is consumed captively with surplus electricity supplied to state electricity grids and power exchanges; generated 618 Million Kwh in 2023, exporting 257 Million Kwh to the grid, and 501 Mn KwH of green energy overall.
- KBK Chem-Engineering EPC Solutions 100% subsidiary based in Pune providing turnkey EPC (Engineering, Procurement, Construction) solutions for fermentation and distillation industries. Deploys proprietary K-Super and K-M@A technology globally, with completed projects across Asia, South-East Asia and Africa covering distillery, ethanol, sugar process equipment and biofuel plant solutions.
Quantifiable outcome
- 33% market share in packed sugar segment in India
- +5 more outcomes
Companies that use Shree Renuka Sugars
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
Shree Renuka Sugars technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Shree Renuka Sugars partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- AWL Agri Business LimitedcoreAWL Agri Business has entered into a strategic licensing arrangement with Shree Renuka Sugars to acquire rights to the 'Madhur' brand for refined sugar. AWL will handle sales, marketing, and distribution of packaged sugar using its pan-India distribution network, while Shree Renuka gains access to AWL's infrastructure to expand Madhur's reach. The partnership is expected to accelerate growth in India's branded sugar and packaged foods market with mutually agreed royalty terms.
- KBK Chem-Engineering Private LimitedcoreKBK Chem-Engineering Private Limited is a 100% subsidiary of Shree Renuka Sugars based in Pune. It provides optimal EPC solutions for fermentation and distillation industries with proprietary K-Super and K-M@A technology. KBK has undertaken mega projects in the Ethanol and Distillery industry after success in setting up EPC plants across three continents including Asia, South-East Asia and Africa.
- Robin Hood ArmyminorMadhur Sugar collaborated with Robin Hood Army (a volunteer-based zero-funds organization) for the Madhur Utsav initiative, distributing ration kits and festive sweets to approximately 1,000 underprivileged households across thirteen locations in Delhi during Diwali 2023. The partnership involved approximately 80-90 RHA volunteers and over 100 Madhur Captains.
- Oil Marketing Companies (OMC)coreShree Renuka Sugars supplies ethanol to oil marketing companies including Indian Oil, Bharat Petroleum, and Hindustan Petroleum for blending with petrol under India's Ethanol Blending Programme. The company has expanded ethanol capacity to 1250 KLPD to support this partnership.
Scale indicators13 records
Recent moves8 records
Expansion highlights5 records
Shree Renuka Sugars competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights9 records
Customer concentration
Shree Renuka Sugars social profiles
Digital presenceShree Renuka Sugars financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shree Renuka Sugars leadership team
Management profileNumber of profiles
Profiles8 records
Shree Renuka Sugars subsidiaries and ownership
Company hierarchySubsidiaries2 records
Shree Renuka Sugars funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shree Renuka Sugars M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shree Renuka Sugars
What does Shree Renuka Sugars do?
Shree Renuka Sugars is India's largest sugar refiner and ethanol producer, operating 8 sugar mills in Uttar Pradesh, Maharashtra and Karnataka along with two port-based refineries that handle over 1.38 Mn MT of raw sugar for domestic and export markets. The company produces ethanol at 1,250 KLPD capacity for fuel blending and industrial alcohol, generates cogeneration power from bagasse, sells packaged sugar to retail consumers under the Madhur brand (33% market share), and through its KBK Chem-Engineering subsidiary delivers EPC solutions for distillery and fermentation plants globally.
Is Shree Renuka Sugars a public or private company?
Shree Renuka Sugars is a public company. It is classified as public and is currently operating.
When was Shree Renuka Sugars founded?
Shree Renuka Sugars was founded in 1998. It employs 5,001 to 10,000 people.
Where is Shree Renuka Sugars based?
Shree Renuka Sugars is headquartered in Belgaum, India, in the Asia region.
How does Shree Renuka Sugars make money?
Four revenue lines are on record. Sugar Manufacturing and Refining is the primary driver. The others are ethanol Production, power Generation and distillery EPC Services.
Does Shree Renuka Sugars have an API?
No public API is recorded for Shree Renuka Sugars.
What industry is Shree Renuka Sugars in?
Shree Renuka Sugars's product category is Sugar Manufacturing & Refining. Its primary akta.pro industry code is AFAJAAAA, Cane Sugar (Raw & Refined), with a secondary code of EUAAAHAA, Grain & Sugar-Based Ethanol Production. Its NAICS code is 311314 and its SIC code is 2060.