{{Short description|Indian oleoresin extraction firm}} {{Infobox company | name = Synthite | logo = Synthite logo.svg | image = Synthitecorpofc.jpg | image_caption = Corporate office of Synthite Industries Ltd in Kolenchery, Kerala, India | type = Privately held company | industry = Manufacturing | founded = 1972 | founder = C V Jacob | hq_location = Kolenchery, Kochi, India | area_served = Worldwide | key_people = {{unbulleted list|Late C V Jacob|<small>(Chairman)</small>|Dr. Viju Jacob|<small>(Managing Director)</small>}} | products = Value added spice extracts (oleoresins) | website = http://www.synthite.com }}
'''Synthite Industries Private Ltd.''' is an Indian oleoresin extraction firm, world's largest producer of spice extracts, spice powders, and essential oils. Synthite has footprints in India, China, Brazil, USA, Vietnam and Sri Lanka. The company employs 2000 people and supports a farmer community of around 14,000. In 2008, Synthite targets ₹4,000 cr turnover in three years.<ref name=":0">{{Cite web |last= |first= |date=2022-12-07 |title=Oleoresin producer Synthite targets ₹4,000 cr turnover in three years |url=https://www.thehindubusinessline.com/economy/agri-business/oleoresin-producer-synthite-targets-rs4000-cr-turnover-in-three-years/article66233879.ece |access-date=2024-09-05 |website=BusinessLine |language=en}}</ref><ref name=":1">{{Cite news |url= http://www.outlookbusiness.com/printarticle.aspx?286619 |title= Spice ManKerala-based flavouring company Synthite is banking on its Chinese expansion to triple revenues by 2020 |last= Mathai |first= Adit |date= July 20, 2013 |work= Outlook Business}}</ref> Its major clients include Nestle, Unilever, ITC, Bacardi and PepsiCo.<ref name=":3">{{Cite news |last=Zacharia |first=Reeba |date=June 18, 2014 |title=Spice exporter Synthite plans domestic market entry |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/Spice-exporter-Synthite-plans-domestic-market-entry/articleshow/36732541.cms |access-date=February 17, 2015}}</ref> The company is run by the founder's son, [https://www.theceomagazine.com/executive-interviews/food-beverage/viju-jacob-2/ Dr. Viju Jacob].<ref>{{Cite news |date=October 12, 2014 |title=Synthite to strengthen operations in Chinese and US markets |work=The Economic Times of India |url=http://articles.economictimes.indiatimes.com/2014-10-12/news/54928795_1_oleoresins-us-market-xinjiang |url-status=dead |access-date=February 17, 2015 |archive-url=https://web.archive.org/web/20160625004817/http://articles.economictimes.indiatimes.com/2014-10-12/news/54928795_1_oleoresins-us-market-xinjiang |archive-date=25 Jun 2016}}</ref> and is headquartered in Kochi, India.
== History == The company was established in 1972 with 20 employees. It was founded by C. V. Jacob, after working in civil construction for two decades.<ref name=":9">{{Cite news |url= https://www.outlookbusiness.com/enterprise/trend/spice-man-348 |title= Spice man – Outlook Business |last= Mathai |first= Adit |date= 20 July 2013 |work= thespicejournal |access-date= 14 July 2017 }}</ref> It produced industrial chemicals before it shifted to oleoresins.<ref name=":2">{{Cite news |url= http://www.business-standard.com/article/companies/synthite-eyeing-rs-3-000-cr-turnover-by-2020-113072900569_1.html |title= Synthite eyeing Rs 3,000 cr turnover by 2020 |date= July 29, 2013 |work= Business Standard |access-date= February 17, 2015 }}</ref> The oleoresin business was initially based on research by the Central Food Technological Research Institute in Mysore. However, the technology developed was not mature, and Synthite invested years of research and development to make the technology viable. After another four years they convinced food producers that they could produce quality products on time.<ref name=":1" />
In 2018, Synthite inaugurated its blending facility in São Paulo, Brazil and produced up to 190 tonnes per annum of oleoresin and essential oil blends.<ref>{{Cite web |title=Inauguration of the new GMP Blending facility at Valinhos- São Paulo, Brasil |url=http://www.synthite.com/synthite/our-story/news-and-events/Inauguration-of-the-new-GMP-Blending-facility-at-Valinhos--S-o-Paulo--Brasil.html |access-date=2022-04-18 |website=www.synthite.com}}</ref>
The Synthite Industries Employees’ Union (affiliated to CITU) called a strike in the first week of April, 2018 after seven employees were transferred to other states.<ref>{{Cite news |date=2018-04-29 |title=CITU protest at Synthite Industries' plant turns violent in Kerala |url=https://www.newindianexpress.com/cities/kochi/2018/jun/04/citu-protest-at-synthite-industries-plant-turns-violent-in-kerala-1823360.html |access-date=2018-04-06 |work=Indian Express}}</ref> The 37-day-long strike was called off after talks held in the presence of the labour commissioner turned violent.<ref>{{Cite news |date=2018-06-06 |title=Industries decry Synthite Industries Ltd strike |url=https://www.deccanchronicle.com/nation/in-other-news/060618/industries-decry-synthite-industries-ltd-strike.html |access-date=2018-06-06 |work=Deccan Chronicle}}</ref><ref>{{Cite news |date=2018-06-06 |title=Synthite threatens closure of factory after fresh strike |url=https://timesofindia.indiatimes.com/city/kochi/synthite-threatens-closure-of-factory-after-fresh-strike/articleshow/64473620.cms |access-date=2018-06-06 |work=Times of India}}</ref><ref>{{Cite news |date=2018-04-29 |title=Synthite strike: Talks remain inconclusive |url=https://www.newindianexpress.com/states/kerala/2018/apr/29/synthite-strike-talks-remain-inconclusive-1807763.html |access-date=2018-06-06 |work=Indian Express}}</ref>
The following year, the company started its third manufacturing facility located at Wucheng county in Dezhou in China's Shandong province.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/politics-and-nation/modi-xi-to-meet-next-week-at-sco-summit-ambassador/articleshow/69678437.cms|title=Modi, Xi to meet next week at SCO summit: Ambassador|date=2019-06-06|work=The Economic Times|access-date=2019-10-24}}</ref> Observers quoted by ''Outlook,'' an Indian magazine, felt that the company has over-invested in capacity, increasing their costs.<ref name=":1" />
== References == {{Reflist}}
== External links == * {{Official website|http://www.synthite.com/}}
Category:Food and drink companies of India Category:Indian companies established in 1972 Category:Companies based in Kerala