History
Riddhi Siddhi – Down the Years
The history of Riddhi Siddhi Gluco Biols Ltd. (RSGBL), promoted by Chowdhary family, is the one of adventure and innovation, of risks taken and bold decisions made.
The seeds of this successful corporate conglomerate were sown in 1990 in the name of Riddhi Siddhi Chemicals Pvt. Ltd. What followed was an unmatched series of innovations, achievements and accolades.
The major milestones in the history of RSGBL, convey the rest of the story…
| 1993-94 | Commenced manufacturing operations of Corn Wet milling plant at Viramgam (Ahmedabad) |
| 1994-95 | Liquid Glucose Plant at Viramgam (Ahmedabad) |
| 1995-96 | Acquired K.G Gluco Biols Ltd., Gokak (set up by Glaxo & KSIIDC) |
| 1996-97 | Addition of Starch Drying facility at Gokak |
| 1997-98 | Stabilization and balancing of operations at Gokak |
| 1998-99 | Increase in capacity of Maltodextrine at Gokak |
| 1999-00 | Addition of High Dextrose Syrup and increase in capacity of Dextrose Monohydrate and Liquid Glucose |
| 2001-02 | Implementations of 6 MW Captive Co-generation power plant |
| 2002-03 | Expanded crushing capacity of Gokak unit making it India’s largest corn wet milling Plant |
| 2003-04 | Addition of High Maltose Corn Syrup plant at Viramgam (Ahmedabad) |
| 2004-05 | Capacity enhancement of Liquid Glucose plant at Gokak |
| 2005-06 | Acquisition of Biopolymer Division from Hindustan Lever Ltd. at Pondichery Further expanded crushing capacity of Gokak Plant from 500 Tpd to 750 Tpd Roped in Roqette Freres of France as the Strategic business partner and investor Star Export House accreditation |
| 2007-08 | Commissioning of the unit-IV Pantnagar Plant |
| 2008-09 | Expansion of Viramgam Unit and setting up biopolymer plant in Gokak Unit |
| 2009-10 | Expansion of Pantnagar Plant. Decision to demerge the Corn Wet milling business, transfer it to a new company in Roquette can have majority stake and bring in new generation products. |
| 2010-11 | Decision to diversify into renewable energy business with main focus on setting up Wind Mills with a capacity of 33.15 MW to be located in Tamilnadu, Maharashtra and Gujarat. |
| 2011-12 | Completion of demerger process |
Management
Riddhi Siddhi Gluco Biols Limited (RSGBL) in the FMCG sector is promoted by the Ahmedabad based (Gujarat-India) Chowdhary Group having decades of experience in marketing starches and starch products in India.The Board of Directors consists of:
The Board of Directors- Mr. Ganpatraj Chowdhary – Chairman & Managing Director
- - Mr. Chowdhary is the founder of Riddhi Siddhi Group and has more than 35 years of experience in managing several verticals of business viz. Starch & Allied Chemicals, Newsprint, Writing & Printing Paper, Renewable Energy, Real Estate and Aviation.
- Mr. Siddharth Chowdhary – Whole-time Director
- - Mr. Chowdhary has more than 15 years of experience in Finance and Marketing
- Mr. Balveermal Singhvi – Director (Independent)
- - Mr. Balveermal Singhvi is retired Bank employee having expertise in Accounting and Auditing and Banking related matters.
- Mr. Pratik Mahendra Shah – Director (Independent) -
- - Mr. Pratik Mahendra Shah has 20 Years of Experience in manufacturing and marketing management
- Mrs. Sangita Shinghi – Director (Independent) -
- - Mrs. Sangita Shinghi has more than 25 years of experience in managing several verticals of business viz. insurance, offset printing, fabrics, finance etc.
- Mr. M.K. Bhandari – Director (Independent)
- - Mr. M.K. Bhandari has 45 years of experience in Engineering.
- Mr. Mukeshkumar Samdaria – Chief Financial Officer (KMP) - mjain@riddisiddhi.co.in
- Mr. Sharad Jain – Company Secretary (KMP) - sharad@riddhisiddhi.co.in