Sanstar Limited manufactures specialty plant-based products and ingredient solutions for food, pet food and other industrial applications in India.

The company’s product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber and fortified proteins. These products are used in:

• Food products: as ingredients, thickeners, stabilizers, sweeteners, emulsifiers, and additives (including in baked goods, confectionery, pasta, soups, ketchup, sauces, creams and desserts);
• Pet food products: as nutritional ingredients; and
• Other industrial products: as disintegrants, excipients, supplements, coating agents, binders, smoothing and flattering agents, and refining agents.

The company has two manufacturing facilities covering a total area of 10.68 million square feet (approx 245 acres) at Dhule in the state of Maharashtra and Kutch in the state of Gujarat. With an installed capacity of 3,63,000 tons per annum (1,100 tons per day), the company is the fifth largest manufacturer of corn-based specialty products and ingredients in India. The company exports its products to companies in 49 countries including Asia, Africa, the Middle East, America, Europe and Oceania. The company also has a pan-India presence where its products are sold in 22 states.

For year/ period ended (Rs. in lacs.)

For year/ period ended ( in Cr.)

• One of the largest manufacturers of maize based speciality products and ingredient solutions in India with diverse product portfolio;
• Speciality products and ingredients solutions player catering to diverse industry segments and poised to benefit from mega industrial trends;
• Its strategically located, sustainability driven, state of the art manufacturing facilities;
• Global presence in a market with high entry barriers;
• Strong financial growth along with robust performance metrics;
• Two Generations of Promoters with domain knowledge;
• Well positioned to leverage the large opportunities in speciality products and ingredient solutions industry and;
• Large, diversified customer base with long lasting relationship.

• Funding the capital expenditure requirement for the expansion of the Dhule Facility;
• Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, and;

General Corporate Purposes.

The company is one of the major manufacturers of speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications having good market share in global and domestic markets. Amidst rising demand for its products, the management is confident of improving the trends reported and its performance post expanded capacities