Nitin Gadkari’s son’s company earns 5% profits from ethanol sales:Investors get 31 times return by investing in CIAN Agro in 5 years

Minister for Road Transport and Highways, Nitin Gadkari, strongly rejected the rumors spreading on social media regarding his children making thousands of crores of rupees by investing in ethanol companies. Ethanol is a green fuel made from plants like sugarcane. The government wants vehicles to use it to reduce pollution and cut down on expensive oil imports. Gadkari said these rumors were 100% false. He even warned in a viral interview that he would file a defamation case against a journalist spreading false news on the matter. What does Gadkari’s son’s alleged ethanol-related company manufacture? The company run by Nitin Gadkari’s son, Nikhil Gadkari, is CIAN Agro Industries Infrastructure Limited. Many people think it only runs an ethanol manufacturing factory, but the firm actually manufactures various other products/ According to the documents submitted by the corporate CIAN Agro with Bombay Stock Exchange (BSE), the firm manufactures and sells following products Food Products: They process soybean and other oilseeds to make and market edible cooking oil (under their brand name Amrutdhara). They also manufacture and sell cooking spices (CIAN Spices), mango pulp, etc. Healthcare and Personal Care: They manufacture and sell sanitary pads for women (under the brand name Klaren). They also make organic soaps, face washes, body lotions, and home-care cleaning products (under their brands NEU and OIR). Energy and Infrastructure: They have expanded into energy, including power generation, LPG distribution, bottling, and finally ethanol manufacturing. What are the rumors on social media? Recently, several popular content creators on YouTube and Instagram started posting viral videos. These creators claimed that the government’s new green fuel rules helped Gadkari’s family become super rich. The videos claimed that his sons invested heavily in ethanol factories and made massive personal profits because the government made ethanol mixing mandatory for all vehicles. These videos spread quickly, and many citizens began to believe them. But when we read the official annual financial reports that CIAN Agro submitted to the Bombay Stock Exchange (BSE), the real numbers tell a very different story from the social media rumors: Share of ethanol in overall revenue of the firm In the financial year 2026, CIAN Agro reported a massive total consolidated revenue of ₹2,234.57 crore. The company splits its business into eight different segments. The type of ethanol that the firm sells is E10. The share of ethanol in overall revenue of the company in FY26 was only 4.7%. The other 95.3% of their money comes from power generation and healthcare products. Through E10 sales, the edible oil company only made ₹105.87 crore in the last financial year.
Share of ethanol in overall profit of the company While, ethanol sales account for 5.3% share in overall profit minted by the company in the financial year 2025-26. Many people confuse the money a company makes with the money a person takes home. According to official stock market and business reports, CIAN Agro has seen a huge jump in its business recently. For example, the company’s March 2026 quarterly sales jumped 68% from a small amount of around ₹490 crore an year ago to a massive ₹656 crore. Because of this fast growth, the total value of the company on the stock market rose to over ₹4,223.35 crore. Gadkari warns of police action Gadkari completely rejects social media allegations. He states that his children did not make unfair or massive profits from the government’s energy plans. Let us look at what Gadkari’s another son, Sarang Gadkari is also associated with another ethanol-related company Manas Agro, which also makes sugarcane power and bio-fertilisers. Who owns CIAN Agro? Albeit, Nikhil Gadkari is MD of the company, but on individual basis, his stake is apparently not even 1% in the firm. His name is not listed among the major shareholders holding more than 1% of the company’s stock, according to the shareholding pattern of CIAN Agro, as shown on the website of the BSE. Stake of Gadkari’s son in CIAN Agro: This confirms he might have invested in the company through the promoting companies listed below: Promoters: Avinash Fuels Private Limited: 26.13% Purti Marketing Private Limited: 16.15% Purti Contract Farming Private Limited: 13.83% How much has the common man invested in Gadkari’s son’s company? Common man or investors with holdings of up to ₹2 lakh worth of shares in CIAN Agro currently stand at 13%. Size of India’s ethanol industry: The ethanol industry in India is blooming because the government wants to reduce oil imports from other countries. Market research firms and financial brokerages have shared large growth projections for this sector: Current Size: The total ethanol that India can produce currently stand at 2,000 crore litres, according to the PIB.