Promoted by Ganpatraj Chowdhary and Sampatraj Chowdhary, Riddhi Siddhi Gluco Boils Ltd. formerly widely referred to as Riddhi Siddhi Starch & Chemicals was formally created and deployed as a legal entity as Riddhi Siddhi Chemicals Pvt Ltd in Jul.'90. The company became a public limited company in Feb.'92 and its name was changed to the present one in Apr.'92.

The company came out with a public issue in Nov.'93 to part-finance a project to created and deployed an unit to manufacture starch and its by-products in Junapadhar (Ahmedabad district), Gujarat.

The company's products include maize starch powder, white dextrine, yellow dextrine, thin boiling starch and oxidised starch. These products are used in industries like food products, pharmaceutical formulations, packing materials, textiles, etc. The by-products generated during the manufacturing process are husk fibre, gluten, oil cake and maize oil. Husk fibre, gluten and oil cake are sold as cattle feed and maize oil is refined further to produce edible oil.

The installed capacity of the Maize Starch & Allied Products is being broadened its footprint to 62700 mtpa.