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 Chawdhary – Chairman & Managing Director
  • Mr. Siddharth Chowdhary – Whole-time Director
  • Mr.R.Sathyamurthi – Director (Independent)
  • Mr. Pradeep Mehta – Director (Independent)
  • Mrs. Vaishali Patel – Director (independent)

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