What we do Sayaji Industries Ltd manufactures starches, modified starches, glucose, and maize derivatives, serving food, pharma, textile, and related sectors. |
Founded in 1,941 |
Market share Leading maize wet milling company with a strong presence in India and expanding exports. |
Problem solved Provides high-quality maize-based ingredients to diverse industries, ensuring consistent supply and innovation. |
Top clients or who we serve B2B customers in FMCG, pharmaceuticals, textiles, food, paper, and paint industries. |
Key management Mr. Priyam B. Mehta (Chairman & MD), Mr. Varun P. Mehta (CEO), Mr. Vishal P. Mehta (Joint CEO). |
Our journey and innovations Started in 1941, upgraded technology with Belgium’s Amylum, expanded grinding capacity to 850 TPD, and diversified into spray-dried food products. |
Where we operate Primarily India with growing exports internationally. |
Top products or what we offer Starch, modified starch, liquid glucose, dextrose, sorbitol, maize oil, gluten, spray-dried food powders. |
Top brands No specific brands mentioned; products supplied under company’s established name with high quality standards. |
Raw materials needed Maize is the primary raw material for all products. |
Raw materials supplier Sourced locally within India from maize producers. |
Recurring vs cyclical contribution Revenue is cyclical, impacted by maize prices and demand fluctuations. |
Our industry position Strong domestic market player; increasing export footprint; technical collaborations enhance product quality. |
Financial highlights FY 2024-25 revenue approx. Rs 1003.95 crore; net loss Rs 11.21 crore due to cost pressures. |
Geographical revenue split Approximately 86% India, 14% Outside India. |
Order book - |
Whats driving growth Capacity expansion, product diversification, technical collaborations, solar power integration reducing costs. |
Our future plans Focus on capacity enhancement, cost reduction via solar power, land monetization, and export growth. |
Our green promise Effluent treatment producing biogas and solar power plant (4.5 MW) for green energy and cost savings. |
Our people and values Strong leadership with decades of experience; emphasis on corporate governance and employee welfare. |
Key challenges ahead Volatility in maize prices, global competition, and input cost inflation. |
Interesting facts Oldest corn wet milling company in India with over 80 years of operations; technical ties with European firms. |
Risks and strategy Commodity price risks mitigated by cost controls; strategic expansions and diversification to improve margins. |
