Nitta Gelatin India Ltd (NGIL) is one of the most successful Indo-Japanese joint Ventures. The Company is promoted jointly by the Kerala State Industrial Development Corporation (KSIDC) and Nitta Gelatin Inc. (NGI), Japan. NGIL was incorporated in 1975 and started commercial production in 1979. It is listed at Mumbai and Kochi stock markets. Over the last three decades NGIL has grown steadily through innovative manufacturing and business strategies. KSIDC is the nodal agency for the development and promotion of industries in Kerala. Nitta Gelatin Inc. is one of the world’s leading gelatin and collagen peptide manufacturers with facilities in Japan, USA, Canada and India.
Replying to Anurag More of IIFL, Suseelan says, “We propose to invest Rs1.85bn in related business areas to grow our overall business so as to reach a sales turnover of Rs5bn by 2013.”
Please tell us about market size and your share?
The size of the Indian Gelatin Market is 11,000 MT (15%). NGIL produces 4000T, out of which 2000T is sold in the domestic market (50/50%)
Brief us about your business model?
We cater to major capsule manufacturers who are quality conscious, who value long term partner relationship. Our customers are market leaders or innovators.
Brief us about your product portfolio?
We manufacture Gelixer consumer products, Gelatin (Pharma, Photo and Edible applications), Ossein, DCP, Bio fertilizers and Agri products.