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GULSHAN POLYOLS LTD

Gulshan Polyols Ltd is India’s leading manufacturers of Ethanol/Bio-fuel, Grain and Mineral based specialty products with three decades of experience. Our business portfolio broadly spans across three main segments, viz. grain processing, bio-fuel / distillery and mineral processing operations that allow us to produce specialty products such as starch and starch derivatives including sorbitol, …

active IndiaAsia Founded 1981 Listed Revenue: ₹ 2019.68 crores (FY 2024-2025) checked 2026-10-05

Profile

Gulshan Polyols Limited is an Indian manufacturer specializing in ethanol, grain-based products, and mineral-based chemicals. Founded in 1981 as Gulshan Sugars & Chemicals Limited and incorporated as its current entity in 2000, the company is headquartered in Delhi with its registered office in Muzaffarnagar. It is publicly listed on the BSE and NSE.

The company operates nine facilities across India, producing ethanol, sorbitol, starch, fructose, and various grades of calcium carbonate. In fiscal year 2025, it reported revenue of approximately 2,020 crore INR. The company remains active, focusing on ethanol as its primary growth engine with a total production capacity of 26 crore liters per annum.

Sources#

Industry
Energy, Feed, Food ingredients, Industrial chemistry, Paints & coatings, Remediation, Textiles & leather
Topics
Sweeteners, polyols & starch derivatives, Bioethanol, Animal feed & feed additives
Role
Producer — “…olyols Limited is an Indian manufacturer specializing in ethanol, grain-based products, and mineral-based chem…”
Why it is bioeconomy
Gulshan Polyols Ltd is a long-established, India-based manufacturing company across grain processing, biofuel/ethanol distillery, and mineral processing (e.g., starch derivatives like sorbitol and ethanol), which fits the bioeconomy while it is not a post-2017 unlisted startup.
Found via
Shandong Bailong Chuangyuan (BLD Bio); Resonac; Samyang Corp; India Glycols (NSE)

Bio-solutions it supplies 0

Not yet cited as a supplier in a graded solution.

What they offer

This company does not publish its products or services — we find out through an introduction.

News & status 6

  • 2025-10 Latest status: The company legally dissolved its foreign subsidiary, Gulshan Overseas FZCO, on October 17, 2025. ↗ ↗ ↗
  • 2026-08-12 Gulshan Polyols Q1FY27 net profit surges 305%, eyes specialty chemicals
    Gulshan Polyols Ltd reported a strong Q1FY27 with net profit up 305% to ₹535 million and EBITDA up 132% to ₹849 million, driven by the Ethanol segment; the company guided FY27 revenue of ₹2,600 crore with 10–11% EBITDA margins and plans to expand into …
  • 2026-08-18 Gulshan Polyols Bags Rs 146.66 Crore Order | Chemical Industry Digest
    Gulshan Polyols has secured an additional 20,740 kilolitres of ethanol for Q4 ESY 2025-26, valued at about Rs 146.66 crore, to supply to Oil Marketing Companies in Assam and Madhya Pradesh, reinforcing its role in India’s growing ethanol and renewable fuel …
  • 2026-07-03 Gulshan Polyols Wins MP Liquor Supply Order; Shares Rise 1.36%
    Gulshan Polyols Ltd has been awarded a fresh country liquor supply allocation for Madhya Pradesh for 2026-27, covering 103.6 lakh proof litres across six districts, which helps retain its presence in a regulated market. The company’s stock rose about 1.36% on …
  • 2026-08-17 Gulshan Polyols Wins ₹1.47 Billion OMC Ethanol Allocation | Wow News
    Gulshan Polyols Limited has won an additional 20,740 kiloliters of ethanol allocation from state-owned oil marketing companies, valued at about ₹1.47 billion, to be supplied to BPCL, IOCL, and HPCL as part of the ESY 2025–26 program, boosting plant utilization …
  • 2026-07-07 Gulshan Polyols JMD discusses ethanol ecosystem with ET Now Swadesh
    Gulshan Polyols Ltd. showcased a forward-looking growth plan and emphasis on India’s ethanol ecosystem in a July 2026 ET Now Swadesh interview, while also securing a sizable government order to supply country liquor in Madhya Pradesh for 2026-27, signaling …
  • 2026-07-03 Gulshan Polyols Ltd Allocated Order for Supplying Country Liquor in Madhya Pradesh
    Gulshan Polyols Limited has been allocated a contract by Madhya Pradesh’s Excise Department to supply Country Liquor for 2026-27, totaling about 103.6 lakh proof litres across several districts. The news also notes a mild stock uptick, with the share price …

Network: owners, partners, peers

Partners & deals 1

counterpartyGulshan Overseas FZCO (subsidiary)
…The company legally dissolved its foreign subsidiary, Gulshan Overseas FZCO, on October 17, 2025.…

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