SPAC STARCH PRODUCTS (INDIA) LTD

What SPAC STARCH PRODUCTS (INDIA) LTD does

SPAC Starch Products (India) Private Limited, founded in May 1996 and headquartered in Erode, Tamil Nadu, is an integrated manufacturer of native and modified starches derived from tapioca (cassava) and maize (corn). The company's product portfolio spans 20+ SKUs organized across ten application verticals — food, pharmaceutical, paper, textile, adhesive, packaging, bio-polymers, animal nutrition, edible oil, and petroleum — including native starches, IP/BP/USP-grade pharma starches, oxidized and cationic starches, dextrins, carboxymethyl starch, specialty textile products (Spac Jet, Spac Shot, Spac Plast), petroleum drilling starch, and animal-feed by-products (tapioca residue, maize gluten, maize fibre, maize germ).

The company operates an integrated production facility in Erode with nameplate daily capacity of 800 tonnes tapioca and 350 tonnes maize, producing 100,000+ tonnes of starch annually, backed by captive infrastructure including a 4.5 MW biomass co-generation power plant and a 12,000 M³/day biogas plant that provide energy self-sufficiency. R&D is supported through partnerships with Tamil Nadu Agricultural University (TNAU) and Central Tuber Crops Research Institute (CTCRI). All manufacturing equipment is imported from Sweden, Thailand, and China, and the facility maintains pharmacopoeia-compliant grade standards (IP, BP, USP) for pharmaceutical customers.

Commercially, SPAC sells through a hybrid model: a well-established India-wide dealer network for domestic distribution and direct export channels serving industrial customers in 20+ countries across Southeast Asia, Middle East, Africa, Europe, and Latin America. Revenue is generated through one-time sales of starch products, value-added starch derivatives, and by-product streams. Pricing is quote-based (not publicly disclosed) and the company pursues a long-term B2B industrial customer relationship model with no consumer-facing brand or SaaS layer. Operating leadership includes Managing Director R. Suriyakanth and COO Vetrivel Easwaramorthy; the firm is privately held with no disclosed institutional investors, parent company, or public listing.

Name

SPAC STARCH PRODUCTS (INDIA) LTD

Legal name

SPAC Starch Products (India) Private Limited

Website

https://spacgroup.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

SPAC Starch Products (India) Ltd is a Tamil Nadu-based integrated manufacturer of tapioca, maize, and modified starches serving food, pharmaceutical, paper, textile, adhesive, and industrial customers in India and 20+ export markets, with captive biomass and biogas power infrastructure.

Ownership category

akta.pro rank

Product category

Industrial Starch Manufacturing

NAICS

Wet Corn Milling and Starch Manufacturing (311221)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

Starches & Grain Derivatives Manufacturing (cornstarch, maltodextrin, glucose solids) (AFAKABAG)

Keywords

• Native starch manufacturing
• Modified starch production
• Pharma grade starch
• Industrial starch supplier
• Starch derivatives exporter

Headquarters

HQ city

Erode

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Starch Products Sales: Manufacturing and sale of native and modified starches including tapioca starch, maize starch, and specialty starches for various industrial applications
2. Starch Derivatives Sales: Sale of value-added starch derivatives including oxidized starch, cationic starch, thin boiling starch, dextrins for textile, paper, adhesive, and pharmaceutical industries
3. By-product Sales: Sale of by-products including tapioca residue, maize gluten, maize fibre for animal nutrition

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SPAC Starch Products (India) Private Limited manufactures and supplies native and modified starches derived from tapioca (cassava) and maize (corn) for industrial customers. The company operates an integrated manufacturing facility in Erode, Tamil Nadu producing pharmaceutical-grade, food-grade, paper-grade, textile-grade, adhesive-grade, and packaging-grade starches, plus specialty starch derivatives, proprietary textile sizing products, and processing by-products. It sells across food, pharmaceutical, paper, textile, adhesive, packaging, bio-polymer, animal nutrition, edible oil, and petroleum sectors.

Product overview

SPAC Starch Products (India) Private Limited is a starch manufacturing company offering a comprehensive portfolio of native and modified starches derived from tapioca (cassava) and maize (corn). The company operates an integrated manufacturing facility producing products across multiple industry verticals including food, pharmaceuticals, paper, textiles, adhesives, packaging, bio-polymers, animal nutrition, edible oil, and petroleum & natural gas. The product portfolio includes native starches (Tapioca Starch, Maize Starch), pharmaceutical-grade starches (IP, BP, USP grades), modified starches (Oxidized, Cationic, Thin Boiling, Yellow/White Dextrin, Carboxymethyl), proprietary textile products (Spac Jet, Spac Shot, Spac Plast), and industrial byproducts (Tapioca Residue, Maize Gluten, Maize Fibre, Maize Germ, Petroleum Drilling Starch).

Differentiator

Problem solved

Functional benefit

Products and services

• Tapioca Starch A native starch derived from cassava roots, available in food-grade, pharma-grade, paper, textile, adhesive, and packaging grades for industrial manufacturers.
• Maize Starch A native starch derived from corn kernels, available in food-grade, pharma-grade, paper, textile, adhesive, and packaging grades for industrial manufacturers.
• Pharma Grade IP Starch Pharmaceutical-grade starch meeting Indian Pharmacopoeia standards for use in tablet manufacturing and pharmaceutical formulations.
• Pharma Grade BP Starch Pharmaceutical-grade starch meeting British Pharmacopoeia standards for pharmaceutical applications.
• Pharma Grade USP Starch Pharmaceutical-grade starch meeting United States Pharmacopoeia standards for pharmaceutical applications.

Quantifiable outcome

• Produces 100,000+ tonnes of starch annually
• +1 more outcomes

Named customers4 records

Segments6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered supporting.

• Tamil Nadu Agricultural University (TNAU)supportingStrategic or Co-development PartnerResearch and development partnership with Tamil Nadu Agricultural University for product development and quality enhancement
• Central Tuber Crops Research Institute (CTCRI)supportingStrategic or Co-development PartnerResearch association with CTCRI for tapioca and tuber crop starch research and development

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Archer Daniels Midland (ADM): Global agricultural and ingredients company with a large wet-milling business producing corn starch, modified starches, and starch-based ingredients. Comparable on feedstock (corn) and starch-ingredient product mix.
• Ingredion: Global ingredient company providing native and modified starches, sweeteners, and specialty ingredients to food and industrial customers. Comparable as a starch and specialty-ingredient producer serving the same industries as SPAC, though at significantly greater scale.
• Roquette: Global starch and starch-derivatives manufacturer with operations in native and modified starches, polyols, and bio-based ingredients for food, pharma, and industrial customers. Direct overlap on modified-starch portfolio and pharma-grade excipient offerings.
• Tate & Lyle: Global ingredients producer specializing in specialty starches, sweeteners, and texturizers for food and industrial applications. Comparable on modified-starch capabilities and food/pharma customer overlap.
• Cargill: Global agricultural processor with a major starch and sweeteners business including native and modified starches for food, industrial, and bio-industrial customers. Overlaps with SPAC on food/industrial starch lines.

Direct peers

• Gulshan Polyols: Indian manufacturer of starch, starch derivatives, and native starches for food, paper, textile, and pharma. Comparable on product breadth, Indian manufacturing base, and multi-industry customer base.
• E.I.D. Parry (Parry Enterprises/Sugar & Starch): Indian starch manufacturer with operations in native and modified starches, serving food, pharma, and industrial applications. Direct peer based on product mix and Indian-domestic positioning.
• Tirupati Starch & Chemicals: India-based starch producer offering native and modified maize starches for food and industrial applications. Comparable as an Indian mid-market starch manufacturer with overlapping end-markets.
• Sukhjit Starch & Chemicals: One of India's largest starch manufacturers producing maize and modified starches for food, pharma, textile, and paper industries. Comparable to SPAC on product portfolio, feedstock (maize), Indian manufacturing footprint, and end-market exposure.
• Sanstar Biopolymers: Indian manufacturer of maize starch and starch-based products including biopolymers. Directly comparable on maize-based starch production and Indian manufacturing footprint.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/spac-starch-product-india-ltd-1046874845336916
• Instagraminstagram.com/spacstarchderivatives
• Xx.com/spacstarchindia
• LinkedInlinkedin.com/company/spac-starch-products-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPAC STARCH PRODUCTS (INDIA) LTD