| Sugar-Milling | Sugar production from cane crushing | Large crushing capacity and established supply chains | B2B bulk buyers, retail through Madhur brand | Refined sugar sales and branded sugar | 3179 | 29 | Sales of raw and refined sugar | Market-linked sales prices | Sugarcane availability, export demand, retail brand growth | Madhur sugar brand |
| Sugar - Refinery | Refined and white sugar production | Coastal port access, large refinery scale, export capabilities | Global traders, B2B customers | Refined sugar exports | 7491 | 68 | Export and domestic sales | Contract and spot trading | Global sugar demand, export leadership | Kandla and Haldia refineries |
| Trading | Sugar wholesale trading | Subsidiary entity in Dubai for global trade facilitation | International buyers and sellers | | 88 | 1 | Trading margins | Transaction-based revenue | Global market arbitrage opportunities | |
| Co-Generation | Electricity production from bagasse | Integration with sugar mills for cost efficiency | Utility companies and internal units | Electricity from renewable sources | 361 | 3 | Power sales to grid and captive use | Power purchase agreements and tariffs | Renewable energy demand, government incentives | |
| Distillery | Ethanol and ethyl alcohol production | Expanded capacities and government support | Government, pharma, fuel blending sectors | Fuel-grade ethanol | 1009 | 9 | Sales of ethanol to industrial & fuel sectors | Government-set ethanol prices, supply contracts | Ethanol blending mandates, capacity expansion | |
| Engineering | Engineering services related to sugar plants | Technical expertise and in-house capabilities | Internal and external clients | | 113 | 1 | Project-based revenues | Contractual billing | Plant modernization demand | |
| Others | Miscellaneous ancillary services | | Internal business units | | 22 | 0 | Various service charges | | | |
