What we do Gulshan Polyols Ltd is an Indian leader in ethanol, grain and mineral-based specialty products including starch derivatives, calcium carbonate, and biofuels with a global presence in 42 countries. |
Founded in 1,981 |
Market share Market leader in calcium carbonate and starch derivatives in India with expanding ethanol and biofuel segments. |
Problem solved Provides sustainable energy solutions via ethanol-blending, specialty starch products, and calcium carbonate for multiple industrial uses. |
Top clients or who we serve Serves industries including pharmaceuticals, paper, food, packaging, adhesives, and biofuel sectors (B2B focus). |
Key management Dr. Chandra Kumar Jain (Chairman & Managing Director), Ms. Arushi Jain (Joint Managing Director), Mr. Ashwani Kumar Vats (CEO). |
Our journey and innovations Started in 1981; expanded calcium carbonate capacity; diversified into sorbitol, ethanol, onsite PCC plants; merged entities for efficiency; commissioned large ethanol plants in recent years. |
Where we operate India with production facilities across seven states; exports to 42 countries globally. |
Top products or what we offer Precipitated Calcium Carbonate, Sorbitol, Ethanol (Extra Neutral Alcohol), Dextrose Monohydrate, Maltodextrin Powder, Liquid Glucose, Animal Feed. |
Top brands Indus Spirits (Ethanol), On-site PCC Plants (paper industry exclusive), Sorbitol (starch derivative), Calcium Carbonate (market leader). |
Raw materials needed Corn/Maize, Rice, Limestone, Sugarcane (for ethanol), Grain and minerals. |
Raw materials supplier Local and regional agricultural producers and mineral suppliers across India. |
Recurring vs cyclical contribution Revenue driven primarily by recurring product sales with cyclical elements in grain processing and ethanol demand. |
Our industry position Leading manufacturer of specialty chemicals and ethanol in India with increasing capacity and strong export presence. |
Financial highlights FY25 Revenue: Rs. 2020 Cr; PAT: Rs. 24.7 Cr; EBITDA: Rs. 100 Cr with 47% revenue growth YoY. |
Geographical revenue split Domestic revenue: Rs. 1044 Cr; Exports: Rs. 103 Cr (FY23). |
Order book - |
Whats driving growth Ethanol segment growth via new capacity ramp-ups, government incentives for biofuels, and demand for sustainable industrial products. |
Our future plans Set to expand ethanol capacity further with new plants operational in Assam; growing greenfield maize processing and value-added product lines. |
Our green promise Operates environment-friendly technologies, complies with pollution norms, and promotes sustainable biofuel production. |
Our people and values Focus on safety, zero-accident culture, integrity, and diversity with steady employee training and governance. |
Key challenges ahead Raw material price volatility, regulatory changes, and global commodity market disruptions. |
Interesting facts First to set up onsite PCC plants in India; over 42 countries export footprint; steady ethanol capacity expansion with latest 750 KLPD plants. |
Risks and strategy Mitigating risks of price and regulatory changes through diversification, cost optimization, and new technology adoption. |
