SYNTHITE — Synthite Industries targets $1B revenue by 2030, plans IPO and diversification

Kerala-based Synthite Industries, the world's largest producer of spice oleoresins, aims to double its revenue to $1 billion by 2030 and is planning an initial public offering. The company, which achieved $500 million in revenue in fiscal 2026, intends to expand beyond commodity extracts into higher-value natural solutions like colours and nutraceuticals. This strategic shift is designed to capture new growth opportunities and increase profitability.