### **Company Overview** **Zuari Industries Limited (ZIL)** is the apex holding company of the **Adventz Group**, a diversified Indian conglomerate with a legacy dating back to 1967. Headquartered in Goa, ZIL oversees a multi-sector portfolio across **Sugar, Power & Ethanol (SPE)**, **Engineering & Infrastructure**, **Real Estate**, **Agrochemicals**, and **Financial & Management Services**. Under the leadership of Mr. Saroj Kumar Poddar, Chairman of the Adventz Group, ZIL is executing a strategic transformation focused on digital integration, sustainability, and asset-light growth models. --- ### **Core Business Segments & Strategic Initiatives** #### **1. Sugar, Power & Ethanol (SPE) Division** - Operates an integrated **10,000 TCD (tonnes per day)** sugarcane crushing facility at **Gobind Sugar Mills, Lakhimpur Kheri, Uttar Pradesh**. - Includes a **500 TPD sugar refinery**, **125 KLPD ethanol distillery** (molasses and syrup-based), and a **40 MW co-generation power plant** (22 MW available for sale). - Key revenue streams: Sugar (69%), Ethanol (27%), and Power (4%). - **Ethanol Expansion**: In FY25, ethanol production grew **12% YoY** to **10,019 kiloliters**, driven by favorable blending policies. - **Sustainability & Innovation**: - **Cane Excellence Program** promotes disease-resistant sugarcane varieties (e.g., Co-15023) to replace the outdated Co-0238. - Digital tools (Saksham App, GSMA Cane Portal, IVRS) support real-time monitoring and farmer outreach. - Zero-liquid discharge technology used in distillery operations. #### **2. Bioethanol – Zuari Envien Bioenergy Pvt. Ltd. (ZEBPL)** - A **50:50 joint venture with Envien International (Slovakia)** to develop grain-based ethanol infrastructure. - **180 KLPD distillery in Aira, Lakhimpur Kheri, Uttar Pradesh**: - Project cost: **₹300 crore**. - Construction: **95.1% complete** as of Nov 2025. - Expected **commercial commissioning by November 30, 2025** (delayed due to statutory clearances). - Strategic drivers: - Strong offtake via **Oil Marketing Companies (OMCs)** under the **Ethanol Blending Programme (EBP)**. - Government policy support for **30% ethanol blending by 2030**. - Future roadmap: - Scale capacity to **~1,000 KLPD** by leveraging feedstock-rich states (e.g., Punjab, Haryana, Madhya Pradesh). - Participating in **December 2025 ethanol tender** and exploring **private offtake agreements**. #### **3. Engineering & Infrastructure – Simon India Limited** - Flagship EPC arm of the group, executing projects worth **₹144 crores** (Nov 2025). - Strategic pivot to a **digital-first EPC model** with proprietary technologies and AI integration. - **Proton – AI-enabled Project Control Tower** launched for procurement analytics, digital invoicing, and document management. - Core sectors: Fertilizers, chemicals, petrochemicals, oil & gas, green ammonia, biofuels, and energy transition. - Key achievements in FY25: - Secured **INR 100 crore+ in new orders**, including a ₹45 crore evaporator project and alkali scrubber order. - Completed the **Iraq Al-Ghanem project**. - Signed MoU with **Maerz (Switzerland)** for lime kiln technologies. #### **4. Real Estate & Development Management (DM)** - Led by **Zuari Infraworld India Ltd (ZIIL)**, the group’s real estate arm. - Transitioned to an **asset-light Development Management (DM) model** to drive scalability with minimal capital. - Revenue generated via **fees linked to performance and sales milestones**. - Key DM Mandates: - **Zuari Gangothri Tribhuja, Hyderabad**: 9.4-acre, 5.3 million sq. ft. project with 1,730 premium residential units. - **Texmaco Rail & Engineering**: 1.8 million sq. ft. school-integrated residential project in Kolkata. - **Ongoing Projects**: - **St. Regis Residences, Dubai**: 232 luxury units; **100% sold**, completion by **Feb 2026**. - **Zuari Garden City, Mysore**: Phase IV (156 plots) – 63% sold, 90% construction complete. - **Zuari Rainforest, Goa**: Phase I (95 units) delivered; Phase II underway as India’s first **senior living community** in South Goa. - **Land Bank**: Over **180 acres** under development; **381 acres in Goa** held for future monetization and expansion into **Bengaluru, Hyderabad, Pune**. #### **5. Consumer Goods – Zuari International Ltd (ZINTL)** - Focus: **Consumer food trading** under the **Zuari brand** in urban North India. - Product portfolio: Sugar, refined sugar variants, salt, flour, and healthy snacks (e.g., **Snackpure** brand). - **Retail & D2C Expansion**: - Onboarded **Zepto, Swiggy Instamart** for quick commerce. - Expanded sales force and automation tools. - Launched new SKUs: **Pink Salt, Jaggery Powder, Khandsari**. - Strategy: Evolve into a **household FMCG brand** with omnichannel presence. #### **6. Financial & Management Services** - **Zuari Finserv Ltd (ZFL)**: - Multi-state financial services platform under **"Zuari Money"** brand. - Offers **trading, depository services, SIPs, mutual funds, PMS, AIFs, FDs, bonds**. - Launched **digital mutual fund platform** with standardized pricing plans. - AUM: **₹500+ crore**; 17% revenue growth YoY. - **Zuari Insurance Brokers Ltd (ZIBL)**: - IRDAI-registered; offers life, health, motor, marine, and corporate insurance. - Revenue growth: 22% YoY. - **Zuari Management Services Ltd (ZMSL)**: - Evolved from HR outsourcing to **AI-driven business advisory**. - Services: **Recruitment, CRM, social media marketing, training, digital transformation**. - Launched in-house platforms: **Proton, Big Data query tools**. - Revenue: ₹2.5 crore (H1 FY25); expects to double in next 12 months. --- ### **Strategic Investments & Portfolio Holdings** ZIL holds strategic stakes in several diversified entities: - **Chambal Fertilisers** - **Zuari Agrochemicals Ltd (ZACL)** – Leading granulated SSP producer (200,000 MT/annum). - **Mangalore Chemicals & Fertilizers Ltd (MCFL)** – Karnataka’s largest fertilizer maker. - **Paradeep Phosphates Ltd (PPL)** – India’s **2nd largest private phosphate company**. - **Texmaco Rail & Engineering Ltd** – Rolling stock & steel structures. - **Texmaco Infrastructure & Holdings Ltd** – Real estate and land banking. - **Zuari Indian Oil Adani Ventures Pvt. Ltd.** – Petroleum terminalling services in Goa. **Current Portfolio Value (as of Sept 30, 2025): ₹4,680 crores**. --- ### **Digital Transformation & Technology Integration** ZIL is embedding AI and digital tools across operations: - **AI in EPC**: Proton (Project Control Tower), digital procurement, document AI agents. - **AI in HR & Sales**: Recruitment automation, CRM intelligence, sales forecasting. - **AI in Agriculture**: Cane-Proc model for optimized crushing, yield prediction. - **ERP & Standardization**: Upgraded internal platforms; standardized pricing and compliance. --- ### **Financial Highlights (Selected Periods)** - **Standalone FY24 Revenue**: ₹901 crore | **PBT**: ₹77 crore. - **H1 FY25 SPE Division Revenue**: ₹622 crore | **EBITDA**: ₹32 crore (~5% margin). - **9M FY25 Group Revenue**: ₹793.3 crore | **EBITDA (pre-exceptional)**: ₹170.9 crore. - **Zuari Finserv EBITDA (Q1 FY25)**: ₹2 crore; **AUM growth** ~60% YoY. - **Zuari Infraworld Q1 FY25 Income**: ₹27.1 crore (↑ from ₹19.7 crore YoY). --- ### **Sustainability & ESG Focus** - **Decarbonization**: Ethanol and co-generation support India’s climate goals. - **Green Technologies**: Waste-to-energy, efficient boilers, zero-liquid discharge. - **Farmer Welfare**: Seed propagation programs, soil testing, training, digital enablement. - **Residential Sustainability**: Zuari Rainforest (Goa) and Hyderabad project emphasize eco-living, solar access, and green spaces.