India, known for its diversity and rich culture, is also renowned for being one of the largest producers of sugar globally. It’s a country where sugar manufacturing plays a vital role in bolstering its economy. Similar to the crucial role of sugar manufacturing, other industries like shipping and road transport also significantly contribute to India’s diverse economic landscape. You might be curious to know which companies are leading this sweet industry, so we’ve compiled a list that’ll answer your query.
The Indian sugar industry is massive and multifaceted with a number of key players contributing significantly to India’s GDP. It’s an essential sector that not only provides employment opportunities but also meets the sweet tooth demands of millions across the country.
Amongst hundreds, there are ten standout sugar manufacturers in India who have carved their niche through quality production and consistent performance. Let’s delve deeper into these top Sugar manufacturing companies in India, their history and what makes them leaders in this competitive market.
Sugar Industry in India
- India is the world’s largest producer of sugar, producing around 35-37 million metric tons annually in recent years. It surpassed Brazil as the top sugar producer in the 2021-22 season.
- Maharashtra is the top sugar-producing state in India, followed by Uttar Pradesh. However, Maharashtra surpassed UP to become number 1 in sugar production in 2022.
- There are over 500 sugar mills in India that crush sugarcane to produce sugar. Around 50 million farmers grow sugarcane across 5 million hectares of land.
- Sugar exports from India reached a record 8.7 million metric tons in 2021-22. India emerged as the 2nd largest exporter of sugar globally.
- Domestic sugar consumption in India is around 25-27 million metric tons annually. India is also the world’s largest consumer of sugar.
- Sugarcane production was over 500 million metric tons in 2021-22, another record. Around 35-37% of cane is used for sugar production.
- Ethanol production from sugarcane has increased rapidly in India, reaching 3.5 billion litres in 2021-22. Around 10% of cane is diverted to ethanol.
- The central government fixes the sugarcane price (FRP) paid to farmers based on recommendations of the CACP.
Besides sugar, industries like paper manufacturing and water treatment are also vital components of India’s industrial prowess.
Sugar Manufacturing Companies in India
- Balrampur Chini Mills Limited
- Bajaj Hindusthan Sugar Limited
- Shree Renuka Sugars Limited
- Dhampur Sugar Mills Limited
- Dalmia Bharat Sugar and Industries Limited
- Mawana Sugars Limited
- Dwarikesh Sugar Industries Limited
- EID Parry (India) Limited
- Rana Sugars Limited
- Simbhaoli Sugars Limited
| Company Name | Revenue (in INR Crores) |
|---|---|
| Balrampur Chini Mills Limited | 1401 |
| Bajaj Hindusthan Sugar Limited | 1363 |
| Shree Renuka Sugars Limited | 8578 |
| Dhampur Sugar Mills Limited | 3818 |
| Dalmia Bharat Sugar and Industries Limited | 8560 |
| Mawana Sugars Limited | 1460 |
| Dwarikesh Sugar Industries Limited | 2117 |
| EID Parry (India) Limited | 7026 |
| Rana Sugars Limited | 378.05 |
| Simbhaoli Sugars Limited | 1206 |
- Balrampur Chini Mills Limited
- Revenue: ₹1,401.81 crores
- Net Profit: ₹73.5 crores
- Bajaj Hindusthan Sugar Limited
- Revenue: ₹1,363 crores
- Net Loss: ₹74.34 crores
- Shree Renuka Sugars Limited
- Revenue: ₹8,578.10 crores
- Net Profit: ₹42.8 crores
- Dhampur Sugar Mills Limited
- Revenue: ₹3,818 crores
- Net Profit: ₹204.5 crores
- Dalmia Bharat Sugar and Industries Limited
- Revenue: ₹8,560 crores
- Net Profit: ₹561 crores
- Mawana Sugars Limited
- Revenue: ₹1,460.38 crores
- Earnings Per Share (EPS): ₹8.46
- Dwarikesh Sugar Industries Limited
- Revenue: ₹2,117 crores
- Profit before Tax: ₹239.38 crores
- EID Parry (India) Limited
- Consolidated Revenue: ₹7,026 crores
- Net Profit: ₹108.86 crores
- Rana Sugars Limited
- Net Sales: ₹378.05 crores
- Net Profit: ₹35.49 crores
- Simbhaoli Sugars Limited
- Revenue: ₹1,206.32 crores
- Net Profit: ₹1.93 crores
1. Balrampur Chini Mills Limited
Let’s delve into the towering success of Balrampur Chini Mills Limited, a leader in India’s sugar manufacturing industry. Founded in 1975, this stalwart has its headquarters nestled in Kolkata, West Bengal. From humble beginnings to becoming an industrial heavyweight, their journey is one of admirable growth and innovation.
Over the years, they’ve demonstrated remarkable financial performance and resilience. Recently, they reported a whopping net profit of ₹73.5 crore for the quarter ending June 2023 – that’s a staggering 493% increase from the same quarter in the previous fiscal year! Not just that, their revenue also shot up by an impressive 28%, reaching ₹1,401.81 crore during the same period. Here’s a snapshot of these financial highlights:
| Quarter Ending June | 2023 |
|---|---|
| Net Profit | ₹73 crore |
| Revenue | ₹1,401 crore |
They’re major employers with around 6,022 employees on their payroll – adding value not just to shareholders but also contributing positively to India’s employment scene.
They’ve successfully branched out into power co-generation and ethanol production as well – showing versatility and adaptability in an ever-changing market landscape.
Finally, let’s not overlook their recognition for good governance – bagging awards in this domain as recent as 2022. It’s clear evidence that while pursuing profitability and growth aggressively, they’re equally committed to ethical business practices and corporate responsibility.
Balrampur Chini Mills Limited showcases what being a true industry leader means – robust financial performance, employee-friendly, diversified product portfolio and an unwavering commitment to corporate governance.
Just as Balrampur Chini Mills demonstrates leadership in sugar production, companies in the aquaculture products sector are also making strides in their field.
2. Bajaj Hindusthan Sugar Limited
Diving deep into the sugar industry, you’ll discover some big players. Among them, Bajaj Hindusthan Sugar Limited (BHSL) holds a prominent position in India. Established by Jamnalal Bajaj in 1931 under the name Hindusthan Sugar Mills Limited, this company has grown leaps and bounds over the years.
BHSL’s main focus lies in producing sugar and ethanol, with an impressive range of by-products that include molasses, bagasse, and fly ash. Industrial alcohol manufacturers and the potable alcohol sector are among their key clients. They’ve effectively carved out a niche for themselves within these industries.
The company is rooted in Noida, Uttar Pradesh, where it operates from its headquarters. With nearly eight thousand employees working diligently towards their goals, BHSL continues to be a significant employer within the region. Here’s a quick snapshot:
| Item | Detail |
|---|---|
| Revenue | ₹1,363 crores |
| Net loss | ₹74 crores |
| Employees count | 7,938 |
They’ve shown commendable dedication towards community development as well. Particularly noteworthy is their contributions to water harvesting projects and efficient utilisation strategies for distressed farmers in Maharashtra’s Vidarbha region.
Despite facing challenges along their journey – including reporting a net loss of ₹74.34 crores in Q1 2022 – they continue to strive forward with determination buoyed by strong revenues of ₹1,363 crores during the same period.
In essence then, whether it’s about navigating through tough financial times or contributing to society at large – Bajaj Hindusthan Sugar Limited remains steadfast on its path.
3. Shree Renuka Sugars Limited
When it comes to sugar manufacturing in India, you can’t overlook Shree Renuka Sugars Limited. This agri-business and bio-energy company, founded back in 1998, has firmly established itself as a leader within the industry. Let’s delve into what makes this Mumbai-based firm stand out.
As of 2022, Shree Renuka Sugars boasts an impressive workforce of over 3,000 employees who are dedicated to producing high-quality products such as sugar, ethanol, power and organic manure. The company’s reach is not confined to India: they’re globally recognised as one of the largest sugar producers and refiners worldwide.
With seven integrated sugar mills and two port-based refineries under its belt, the company has demonstrated significant growth since its inception. In fact, during the financial year 2022 alone, they reported a whopping revenue of ₹8,578.10 crores and a net profit of ₹42.8 crores.
| Financial Year | Revenue (in Crore) | Net Profit (in Crore) |
|---|---|---|
| FY2022 | ₹8,578 | ₹42 |
They’ve also got major backing from Wilmar International Limited, which holds a hefty 62% stake in the company.
They’ve expanded their portfolio through strategic acquisitions such as that of Renuka Commodities DMCC – evidence of their continuous strive for growth in both local and international markets.
So if you’re looking for top-tier sugar manufacturers in India or even worldwide – remember the name: Shree Renuka Sugars Limited!
4. Dhampur Sugar Mills Limited
Dhampur Sugar Mills Limited is an integrated sugarcane processing company that’s been a cornerstone of India’s sugar industry since 1933. It holds an impressive market capitalisation, placing it among the top ten sugar companies in India.
The company boasted a revenue of ₹3,818 crore ($475 million) with a net profit of ₹204.5 crore ($25 million). Their success can be attributed to the dedicated team of 2,741 employees who work tirelessly to ensure client satisfaction and operational excellence.
They offer varied products and services, including:
- Sugar
- Ethanol
- Power
- Chemicals
Their primary customers are retail consumers and industrial buyers who rely on them for both quality and consistency. With its headquarters located in New Delhi, India, it continues to influence the sugar production market, holding about 3% share as of 2022.
Over the years, Dhampur Sugar Mills has notably partnered with technology providers like SAP to drive improvement in their operations. Such strategic partnerships have enabled them to expand their operations beyond just sugar mills into power generation, ethanol production, and other areas.
Founded as Kashipur Sugar Mills Ltd back in 1933, they renamed themselves as Dhampur Sugar Mills Ltd three years later in 1936. Since then, they’ve grown exponentially by setting up new mills across regions and diversifying their product portfolio.
Research and development form another core aspect of their business strategy. They maintain a strong focus on improving sugarcane yield and developing new products that add value to both the company itself and its clients alike.
In fact, they received the National Energy Conservation Award in 2018 – a testament indeed to their commitment towards sustainable practices.
Furthermore, Ehaat Ltd and DETS Ltd are fully owned subsidiaries of Dhampur Sugar Mills Limited, further expanding their reach and influence in the industry. Spearheading this prestigious company is Gaurav Goel, who serves as the Managing Director.
In essence, Dhampur Sugar Mills Limited remains a dominant player in India’s sugar industry through its diverse product offerings, strategic partnerships and robust investment in research & development. They’re not just a company – they’re an institution that has shaped and continues to drive India’s sugar production landscape.
5. Dalmia Bharat Sugar and Industries Limited
Diving headfirst into the world of sugar manufacturing, we find ourselves looking at a veritable giant. You’ve probably heard of them; it’s Dalmia Bharat Sugar and Industries Limited, a name synonymous with quality in India’s sugar industry.
With an impressive revenue of ₹8,560 crore and net profit standing tall at ₹561 crore, there’s no questioning their success. They’ve got around 2,600 employees working tirelessly to churn out products that go well beyond just sugar – think ethanol and power generation, too.
Big names like Coca-Cola, PepsiCo, Dabur and ITC proudly associate themselves with Dalmia Bharat Sugar. These relationships have been key in establishing their global presence.
Hailing from New Delhi, this company has certainly made its mark on the map. Their prowess is not only recognised domestically but internationally as well. In fact, they export to over 15 countries globally!
Their journey started back in 1935, and they ventured into the sugar business in the 1990s under the leadership of the Jaidayal Dalmia family. Today, they are one of India’s top ten sugar companies, accounting for about 5% of the nation’s sugar production.
They have always been proactive towards sustainable growth which is evident by their focus on increasing sugar recovery rates while decreasing energy consumption through Research & Development initiatives. Moreover, their commitment towards sustainability earned them the National Energy Conservation Award in 2015.
Today, with four manufacturing plants across UP and Bihar, including the Nigohi sugar unit acquired in UP in 2006, they maintain strong ties within local communities through partnerships with farmers for sugarcane cultivation, which helps ensure steady supply chain operations while contributing positively towards local economies.
6. Mawana Sugars Limited
An integral part of India’s sugar industry, Mawana Sugars Limited boasts impressive revenue figures. For the fiscal year ending in March 2022, this company reported a net revenue of ₹1,460.38 crores and a basic Earnings Per Share (EPS) of ₹8.46. As of March 31, 2022, they had 1,214 permanent employees on board.
Mawana Sugars is also recognised for its wide range of products and services. Primarily engaged in manufacturing and selling sugar, ethanol, and power, they cater to both consumers and institutional customers with plantation white and refined sugar.
When you’re looking at where all this takes place, Gurgaon is the hub of action. Mawana Sugars calls this vibrant city in Haryana home to its headquarters. They hold the title as the sixth-largest private sector sugar manufacturer in India and were the first ISO 22000:2005 certified sugar company in our country.
Their commitment to excellence has seen them forge notable partnerships, too – they’ve teamed up with UK-based Tate & Lyle for technology advancements in sugar production. Well then, you’d find that this leading player was founded by Shriram Enterprises back in 1949 before becoming an independent entity with the restructuring of DCM Group around four decades later.
Nanglamal Sugar Limited was once a subsidiary but merged into Mawana Sugars Limited on October 1, 2004. They’ve also got a few awards under their belt – being certified with ISO 22000:2005 for Food Safety Management System is just one of many feathers in their cap.
Mawana Sugars Limited truly stands out in the Indian sugar industry, making its mark through revenue figures, product offerings, strategic partnerships, and a strong commitment to quality and safety management.
7. Dwarikesh Sugar Industries Limited
Let’s dive into the sweet world of Dwarikesh Sugar Industries, one of India’s leading sugar manufacturers. Founded in 1993 by the Morarka family, they’ve built a reputation for quality and reliability. Their first production facility sprang to life in 1995 in Dwarikesh Nagar, Uttar Pradesh.
In FY22, their total revenue swelled to Rs 2,117 crore – that’s a jump of 6.8% from Rs 1,982 crore in FY21! Not just that – the profit before tax also saw an increase from Rs 222.46 crore (FY21) to Rs 239.38 crore (FY22).
| Financial Year | Total Revenue | Profit Before Tax |
|---|---|---|
| FY21 | Rs 1,982 Crore | Rs 222 Crore |
| FY22 | Rs 2,117 Crores | Rs239 Crore |
They have an employee strength of approximately 1,400 as of March ’22 and a product line that extends beyond sugar to include ethanol and power, along with hand sanitizers.
Dwarikesh Sugar Industries calls Mumbai its home base but has left its sweet footprint across other parts too, thanks to their significant market presence accounting for about 1% of total sugar production in India!
Their achievements don’t stop there; boasting one of the highest capacity utilisation and recovery rates within the Indian sugar industry is no small feat:
- Works with around roughly lakh farmers
- Procures approximately an astounding amount:382 lakh quintals of sugarcane
8. EID Parry (India) Limited
In the bustling city of Chennai, Tamil Nadu, you’ll find the headquarters of a company that has been in the business for more than 225 years – EID Parry. It’s a part of the Murugappa Group since 1981 and is notably one of India’s top sugar manufacturers.
EID Parry doesn’t just limit itself to sugar; its product portfolio also includes bio-products and nutraceuticals. You might be surprised to know that they’re into organic spirulina and microalgal products, too! They’ve got an impressive workforce, with approximately 50,000 employees.
In terms of financial performance, for the quarter ended June 30, 2023, EID Parry reported consolidated revenue of ₹7,026 crores. This registered a slight dip – around 2% compared to the same quarter in the previous year. Despite this drop in revenue, they managed to clock a net profit of ₹108.86 crores for that period.
| Quarter Ending | Consolidated Revenue(₹ crores) | Net Profit(₹ crores) |
|---|---|---|
| June 30th ,2023 | 7026 | 108.86 |
EID Parry has consistently contributed towards innovation in their field through strong research and development initiatives like developing new cane varieties at their sugarcane and tissue culture centre.
EID Parry has bagged the TPM Excellence-Category A award from the Japan Institute of Plant Maintenance, which sits proudly on their shelf along with CII’s award for MOST INNOVATIVE ENVIRONMENTAL PROJECT under “Waste Management & Recycling”, not forgetting being recognised as India’s Best Company of Year in 2017.
One of the most striking aspects of the company is its rich history and significant achievements. They were pioneers in manufacturing fertilisers on the Indian subcontinent back in 1906. Through its subsidiary, Coromandel International Limited, EID Parry has also made its mark in the farm inputs business, including bio-pesticides.
In conclusion, with a history spanning over two centuries and a constant drive for innovation, it’s clear why EID Parry (India) Limited stands out as one of the top sugar manufacturing companies in India.
9. Rana Sugars Limited
Welcome to the world of Rana Sugars Limited, a major player in India’s sugar industry. With a workforce of 1,139 dedicated employees and headquarters based in Chandigarh.
The company reported net sales of ₹378.05 crores in September 2022 – that’s an impressive increase of 36.52% YoY. In the quarter ending March 31, 2022, Rana Sugars posted a net profit of ₹35.49 crores – almost a staggering 900% YoY increase!
| Financials | Sep-21 (₹ Crores) | Sep-22 (₹ Crores) |
|---|---|---|
| Net Sales | ₹277 | ₹378 |
| Net Profit | ₹3 | ₹35 |
Their main area of expertise is manufacturing sugar, ethanol and co-generation power. Their white crystal sugar isn’t just used in households; it’s also employed in confectionery and pharmaceutical industries too! They produce molasses, bagasse and various grades of alcohol as well.
Rana Sugars was responsible for setting up the first power co-generation plant in North India, which earned them recognition from UNFCCC! They even qualify to earn carbon credits.
Founded way back in 1991, this company began with Agro Boards Limited – a Kraft Paper unit set up in Punjab – before branching out into sugar manufacturing and textiles.
From humble beginnings to becoming one of India’s top ten sugar manufacturers – that’s what we call sweet success!
10. Simbhaoli Sugars Limited
Simbhaoli Sugars Limited, with its headquarters nestled in New Delhi, is one of the sugar manufacturing stalwarts in India. Founded way back in 1933, this company has a rich history that spans nearly nine decades. With over 1,485 dedicated employees on board, it’s no surprise that it’s grown to become India’s largest integrated sugar refinery.
In terms of financial performance, Simbhaoli Sugars reported impressive figures for the quarter ending December 2022. A glance at the numbers:
| Revenue | Profit |
|---|---|
| ₹1,206 crores | ₹1 crores |
It also offers a wide variety of products to suit every taste bud and requirement. From refined sugar to commercial sugars like pure sugar and cane sugar – even specialised offerings such as sugar powder make their way into its product portfolio.
It’s their commitment towards innovation and development – they’ve pioneered advancements in sugar refining techniques and speciality sugar production. Their strides haven’t been confined to just sugars; they’ve made significant contributions towards clean energy initiatives with a focus on ethanol, too.
To bolster its business operations further, Simbhaoli Sugars operates two wholly-owned subsidiaries – Simbhaoli Power Ltd and Simbhaoli Spirits Ltd. Together under the umbrella brand of Simbhaoli Sugars Limited, they continue to leave their indelible mark on India’s Sugar industry.
Conclusion on Sugar Manufacturing Companies in India
Exploring the top sugar manufacturing companies in India, it’s clear that this industry plays a significant role in the country’s economy. These corporations consistently deliver high-quality products, making their mark not only on local markets but also globally.
Although we’ve focused on the top 10 entities, it’s important to remember there are numerous other smaller manufacturers contributing significantly to India’s sugar industry. They, too, have potential for growth and expansion.
As we observe the growth of these sugar manufacturing giants, it’s intriguing to also explore the evolution of sectors like consumer durables and jewellery, which are parallelly enhancing India’s industrial landscape.
In summary, the future looks sweet for these powerful players as they continue innovating and expanding their horizons while upholding quality standards. So whether you’re an investor, job seeker or simply curious about this topic, keep an eye on India’s flourishing sugar industry – it promises exciting developments ahead!
