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Sanstar Partners With Ingredion For Growth
29 May
Summary
- Sanstar Limited partners with Ingredion Incorporated for specialty growth.
- Strategic investment and joint venture to boost Indian sector.
- Focus on pharmaceutical excipients and high-value ingredients.
Ahmedabad-based Sanstar Limited has entered into two definitive agreements with US multinational Ingredion Incorporated, marking a significant strategic partnership. This collaboration is designed to accelerate growth within India's specialty ingredients sector. The partnership includes a preferential equity investment by Ingredion and plans to establish a jointly-owned venture focused on specialty pharmaceutical excipients.
Sanstar's board approved a preferential allotment of equity shares to Ingredion for Rs 198.3 crore. This infusion of capital will strengthen Sanstar's balance sheet, enabling capacity expansion and diversification into value-added specialty product segments. It will also facilitate technology transfer in advanced starch derivatives and pharmaceutical excipients.
The second agreement establishes a jointly owned entity in India for manufacturing and distributing specialty pharmaceutical and other specialty ingredient products. Ingredion will contribute proprietary formulation and global application know-how, while Sanstar will provide local manufacturing and regulatory expertise. This joint venture aims to offer differentiated solutions to food and pharmaceutical customers in India and explore export opportunities.
Sanstar Limited is a leading corn-based specialty products company in India, serving industries like food, beverage, and pharmaceuticals. Ingredion Incorporated is a global ingredient solutions company with a strong presence in over 120 countries. The new venture plans to establish a manufacturing facility in western India.
The published date for this news is May 29, 2026.
