| Sugar, Power & Ethanol | Sugar manufacturing, power generation from bagasse, ethanol production from molasses. | Established agro-supply chain, captive raw material sourcing, and government-aligned energy initiatives. | B2B including food processing, pharmaceutical, energy grid, and ethanol retailers. | Ethanol production and power export segments have higher operational efficiencies and margins. | 603 | 62 | Sale of sugar, power exports, ethanol bulk sales. | Commodity pricing with market linkages and government policies. | Increased cane crush, higher power generation, expanded ethanol output with better operational days. | Zuari Sugar, Zuari Ethanol |
| Real Estate | Land development, residential plotted projects, real estate sales. | Significant land bank in Goa with phased planned development. | B2C homebuyers and investors. | Sale of prime land parcels. | 33 | 3 | Land sales and property development revenue. | Project-based sales revenue. | Monetization of land banks, phase completion, rising property demand in Goa. | Zuari Rain Forest Project |
| Financial Services | Loan services, insurance broking, financial advisory. | Group synergies provide cross-selling opportunities. | B2B and B2C financial customers. | Loan financing and brokerage segments. | 25 | 3 | Interest income, brokerage and service fees. | Recurring income based on loan portfolios and brokerage. | Growing financing needs of group and external customers, insurance integration. | Zuari Finserv Ltd, Zuari Insurance Brokers Ltd |
| Engineering and Construction | Engineering services, construction, pipeline management. | Established expertise and government contracts. | Industrial and infrastructure clients. | | 15 | 2 | Project contracts and service fees. | Fixed-term project contracts. | Infrastructure development demand. | Simon India Ltd |
| Furniture | Furniture manufacturing and sales. | Brand legacy in furniture segment. | B2C and institutional clients. | | 2 | 0 | Product sales. | Direct sales. | Market expansion possibility. | Forte Furniture Products India Limited |
| Management Services | Corporate management and administrative services. | Integrated group management solutions. | Group companies and third parties. | | 28 | 3 | Service fees. | Fee-based services. | Increasing corporate governance demands. | Zuari Management Services Ltd |
