What we do TruAlt Bioenergy Limited is India's largest ethanol producer, also engaged in biofuels like compressed biogas and sustainable aviation fuel, advancing energy transition. |
Founded in 2,021 |
Market share 7.0% sugarcane-based ethanol market share; 3.6% overall ethanol market share in India as of 2025. |
Problem solved Provides renewable energy alternatives reducing dependency on fossil fuels and supporting India's decarbonization and energy security goals. |
Top clients or who we serve Oil Marketing Companies, fuel retailers, aviation sector, and government biofuel programs; B2B and B2C segments served. |
Key management Mr. Vijaykumar Murugesh Nirani (Managing Director, experienced bioenergy leader). |
Our journey and innovations Incorporated in 2021, acquired ethanol businesses in 2022, rapidly expanded ethanol capacity, entered CBG and SAF sectors, and developed retail biofuel network. |
Where we operate Primarily India with manufacturing units in Karnataka and Maharashtra; expanding CBG and SAF operations nationwide. |
Top products or what we offer Ethanol (2000 KLPD capacity), compressed biogas plants, sustainable aviation fuel initiatives, retail biofuel stations, and ethanol by-products like dry ice, CO2. |
Top brands - |
Raw materials needed Sugarcane juice, molasses, surplus food grains for ethanol; press mud and spent wash for CBG production. |
Raw materials supplier Local sugarcane farmers and agro-industries in India. |
Recurring vs cyclical contribution Revenue is largely recurring with some seasonality due to sugarcane harvesting cycles. |
Our industry position Largest ethanol producer by capacity in India, early mover in commercial bio-CNG and SAF sectors, and first in India as a licensed oil marketing company in biofuels. |
Financial highlights FY2024-25 consolidated revenue Rs.1968.5 Cr, net profit Rs.146.6 Cr; strong growth in bio-CNG and retail segments. |
Geographical revenue split Revenue primarily from India; specific state-wise geographic split not disclosed. |
Order book - |
Whats driving growth Government biofuel mandates, expansion of ethanol blending, CBG market development, SAF industry growth, strategic JV partnerships, and retail expansion. |
Our future plans Scale CBG plants to 24 units, develop 100 million litre SAF facility, expand retail biofuel outlets, and pursue technology-driven innovations. |
Our green promise Aligned with sustainable energy goals, promoting circular bioeconomy and decarbonization initiatives including carbon credits. |
Our people and values Committed workforce across manufacturing, R&D, sales with focus on innovation, sustainability, and safety. |
Key challenges ahead Feedstock supply variability, regulatory changes, capital intensive expansion, market competition, and technology adoption risks. |
Interesting facts First Indian biofuels company to obtain Oil Marketing Company license; operates India’s largest ethanol capacity with dual-feed tech integration. |
Risks and strategy Mitigating operational risks via feedstock diversification, strategic partnerships, robust financial controls, and ongoing compliance with industry regulations. |
