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Riddhi Siddhi Gluco Biols to acquire Cargill India’s corn wet milling assets
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Friday, 23 January, 2026, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Riddhi Siddhi Gluco Biols Ltd. (RSGBL), a BSE-listed company and a leading player in India’s starch and starch derivatives sector, has signed an Asset Purchase Agreement (APA) to acquire the assets of Cargill India Pvt. Ltd.’s starch and sweeteners business located in Davangere, Karnataka. The transaction is subject to the terms and conditions of the APA and receipt of customary regulatory approvals.
The acquisition includes land, manufacturing facilities, warehouses and integrated corn silos that support corn wet milling operations at the site. Operational since 2016, the Davangere facility spans 52 acres and has an annual corn processing capacity of 300,000 metric tonnes. The plant manufactures value-added products such as maltodextrin and liquid glucose, along with co-products including corn germ, corn gluten and corn fibre, catering to food, pharmaceutical and industrial applications.
Commenting on the development, Siddharth Chowdhary, executive director, Riddhi Siddhi Gluco Biols Ltd., said the acquisition aligns with the company’s long-term growth strategy and strengthens its footprint in the food and pharmaceutical segments to address rising customer demand. He added that the strategic location of the Karnataka facility will enhance RSGBL’s ability to serve both domestic and export markets more competitively. Chowdhary also highlighted the company’s intent to operate the facility using renewable energy, reinforcing its commitment to clean energy and sustainable manufacturing practices.
With more than three decades of experience in starch and starch derivatives, RSGBL said the acquisition further consolidates its leadership position in India’s starch industry while enabling greater scale, innovation and operational efficiencies.
Dheeraj Talreja, vice president and managing director, Food South Asia, Cargill India Pvt. Ltd., said the company wishes RSGBL success and expressed confidence that the asset will support RSGBL’s growth as it expands its presence in the starch sector.
Established in 1990, RSGBL has evolved into a market leader with a strong global footprint and a diversified customer base across food, pharmaceuticals, paper, textiles and industrial segments. Sustainability remains central to its growth philosophy, with ongoing investments in renewable energy, water stewardship and responsible value creation for farmers, customers and stakeholders.
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