Riddhi Siddhi Gluco Biols

What Riddhi Siddhi Gluco Biols does

Riddhi Siddhi Gluco Biols Ltd (RSGBL) is an Indian public limited company founded in 1990 and headquartered in Ahmedabad, Gujarat, listed on the Bombay Stock Exchange (scrip code 524480). Historically, the company was one of India's largest corn wet milling operators, producing starch and downstream derivatives including liquid glucose, maltodextrin, dextrose monohydrate, high dextrose syrup, and high maltose corn syrup through manufacturing facilities at Viramgam (Gujarat), Gokak (Karnataka), Pantnagar (Uttarakhand), Davangere (Karnataka), and Pondicherry. Its Gokak plant, expanded in 2005-06 to 750 TPD, was described as India's largest corn wet milling facility. Following a 2009-10 demerger of the corn wet milling business (completed in 2011-12), the company's own website now describes the listed entity as primarily engaged in power generation through wind energy and commodity trading.

The company's product and technology base spans industrial starch processing, derivatives manufacturing, and renewable power generation. Energy-intensive operations are partially insulated by a 6 MW co-generation captive power plant and 33.15 MW of installed wind energy capacity, reducing reliance on grid power. A long-standing technical partnership with Roquette Frères of France (since 2005-06) and Star Export House accreditation (2005-06) support process know-how and international market access. In 2025-26, RSGBL acquired Cargill's corn wet milling facility at Davangere, signalling a re-entry into industrial starch processing after more than a decade. Historical acquisitions include K.G. Gluco Biols Ltd. (1995-96) and the Biopolymer Division from Hindustan Lever Ltd. (2005-06).

RSGBL operates a B2B direct sales model, historically serving food, pharmaceutical, paper, textile, and broader industrial customers across India and export markets. Revenue is generated through sale of starch derivatives, captive wind and co-generation power, and commodity trading activity post-demerger. No specific revenue, headcount, or pricing disclosure is available in the input data. The company is family-promoted by the Chowdhary family, and recent disclosures reference SEBI regulatory orders and a SAT stay, indicating ongoing regulatory scrutiny that warrants diligence.

Name

Riddhi Siddhi Gluco Biols

Legal name

Riddhi Siddhi Gluco Biols Limited

Website

https://riddhisiddhi.co.in

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Riddhi Siddhi Gluco Biols Ltd is an Indian BSE-listed manufacturer historically focused on corn wet milling and starch derivatives, now (per its website) engaged in wind power generation and commodity trading after a 2009-10 demerger, having re-entered starch processing in 2025-26 via Cargill's Davangere facility acquisition.

Ownership category

akta.pro rank

Product category

Starch and Starch Derivatives Manufacturing

NAICS

Wet Corn Milling and Starch Manufacturing (311221), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Grain Mill Products (2040)

akta.pro primary industry

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

akta.pro secondary industries

Flour & Milling Products Manufacturing (wheat, corn, rice, specialty flours) (AFAKABAD), Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH)

Keywords

• Corn wet milling
• Starch derivatives manufacturing
• Wind energy generation
• Biopolymer processing
• Renewable power production

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation (Wind Energy): Power generation through wind energy with 33.15 MW capacity located in Tamil Nadu, Maharashtra, and Gujarat
2. Commodity Trading: Trading of commodities as part of diversified business operations
3. Starch and Starch Derivatives: Manufacturing and sale of starch and value-added derivatives including liquid glucose, maltodextrin, high dextrose syrup, dextrose monohydrate, and high maltose corn syrup

Distribution channels1 record

Marketing channels1 record

Core offering

RSGBL is a diversified agro-based specialty processing enterprise manufacturing starch and value-added derivatives (liquid glucose, maltodextrin, dextrose monohydrate, high dextrose syrup, high maltose corn syrup) through corn wet milling operations across multiple Indian facilities. The company also operates a 33.15 MW wind energy generation business across Tamil Nadu, Maharashtra, and Gujarat, and engages in commodity trading.

Product overview

Riddhi Siddhi Gluco Biols Limited (RSGBL) operates as a diversified agro-based specialty processing enterprise with three core business segments: (1) Corn Wet Milling Operations producing starch and derivatives including Liquid Glucose, Maltodextrin, Dextrose Monohydrate, High Dextrose Syrup, High Maltose Corn Syrup, and Biopolymer products across facilities in Viramgam (Ahmedabad), Gokak, Pantnagar (Uttarakhand), and Davangere (Karnataka); (2) Wind Energy/Renewable Energy operations with 33.15 MW windmill capacity in Tamil Nadu, Maharashtra, and Gujarat; and (3) Commodity Trading. The company serves food, pharmaceutical, paper, textile, and industrial applications with a focus on sustainability practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Corn Wet Milling Operations Core agro-based specialty processing operations producing starch and value-added derivatives through corn wet milling plants at Viramgam (Ahmedabad) and Gokak, serving food, pharmaceutical, paper, textile, and industrial applications. Gokak is India's largest corn wet milling plant with 750 TPD crushing capacity.
• Liquid Glucose Liquid glucose produced at the Viramgam plant, part of the company's starch derivative portfolio for food and industrial applications.
• Maltodextrin Maltodextrin produced at the Gokak facility, serving as a polysaccharide used in food and industrial applications.
• Dextrose Monohydrate Dextrose monohydrate produced at Gokak, used in food, pharmaceutical, and industrial applications.
• High Dextrose Syrup High dextrose syrup produced at the Gokak facility, serving food and industrial applications.
• High Maltose Corn Syrup High maltose corn syrup produced at the Viramgam, Ahmedabad plant, serving food and industrial applications.
• Biopolymer Products Biopolymer products manufactured at the Gokak plant, with the production facility established in 2008-09 and the biopolymer division acquired from Hindustan Lever Ltd. at Pondicherry in 2005-06.
• Wind Energy / Renewable Energy Wind energy generation through windmills with capacity of 33.15 MW located in Tamil Nadu, Maharashtra, and Gujarat, representing the company's diversification into renewable energy.
• Commodity Trading Commodity trading operations forming one of the company's primary business lines alongside power generation.

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Roquette Frères (France)coreStrategic or Co-development Partner · 1 June 2005Roquette Frères of France was roped in as strategic business partner and investor in 2005-06. This partnership brought international expertise and strategic investment to RSGBL's operations, strengthening the company's position in the starch industry.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Riddhi Siddhi Gluco Biols