By FMTeam Agriculture is a big part of India, and no one can deny that fact, right? But to produce, manage, and distribute the farm sector-based goods, these types of companies play a big role. And thankfully, we do not have any shortage of such companies right here in the country. Though, for whatever reason you wanted to know about which are the top and leading agriculture companies in India, you sure don’t want to miss out on this particular post. Why’s that? Well, here we will be listing out the top 10 leading agriculture companies in India. So, let’s just get to it then, shall we?
1. UPL Limited
First of all, let’s have a look at UPL Limited, which used to be United Phosphorus Limited, which is considered one of the biggest providers of agricultural solutions in the world, as it operates across 130 countries, you know? Like, since its establishment in 1969, UPL, an Indian company based in Mumbai, has grown to be the dominant player in the agrochemical sector with its broad range of agrochemical products covering every stage of farming, you know, from herbicides to growth regulators. The most recent development was UPL’s acquisition of Corteva Agriscience’s mancozeb fungicide business which extended its crop protection range and strengthened its position as a leader in the industry.
2. PI Industries Limited
Then, PI Industries Limited, a company established in 1946, is a global leader in the field of agro-sciences with a prime focus on both domestic agriculture input manufacture and custom synthesis manufacture. Recently, the company acquired Plant Health Care, a firm located in the UK which has added a new dimension to its eco-friendly agriculture portfolio, you know? Like, the research and development center in Udaipur, which is the main driving force for advancement in this company, is contributing to the company achieving an 8.3% revenue growth rate as of June 2024.
3. Coromandel International Limited
Next on the list, you see, Coromandel International is a major fertilizer supplier in South India and an integral part of the Murugappa Group, which was founded in 1961. The company has its headquarters in Hyderabad, where it operates through a network of over 750 retail outlets that sell fertilizers, specialty nutrients, and bio-pesticides, did you know that already? Although Coromandel’s profits dropped by 12.3% because of the increase in raw material costs during September 2024, the company’s revenue increase and the new facility expansion projects worth ₹800 crore are for sure indicating how well they are doing.
4. Bayer CropScience Limited
Did you know that in India, Bayer CropScience Limited is part of Bayer AG, a global leader in the biotechnology industry, which they adapt locally to agricultural practices? For sure, the company is well-known for crop and seed protection, and it has begun its first initiative called ForwardFarm in Gujarat in the Indian market, mainly concentrating on sustainable practices, you know? Though its profits for August in 2024 dropped, it is the unbroken pipeline of investments by Bayer in high-nutrient seeds and crop breeding that has made it the partner of choice for sustainable agriculture for every farmer right here in the country.
5. Sumitomo Chemical India Limited
Next on the list, formed to take advantage of the growing agrochemical industry in India, Sumitomo Chemical India Limited (SCIL) is a subsidiary of Japan’s Sumitomo Chemical Company which has been in operation since 2000. From the very start, SCIL entered and has been a major force in pesticide production, but it has also had large rodent control exports, the largest markets being in Africa, which are now even growing.
6. Chambal Fertilizers and Chemicals Limited
This very company was founded in 1985 by a diverse group of industrialists to supply the new urea fertilizer in the market and since then it has been supplying urea in India. Just so you know though, the company is headquartered in New Delhi. It is pretty much a new entry in the agri-fertilizers market, which happened after the company’s major investment of ₹961 crores in the Technical Ammonium Nitrate (TAN) project, which was for improving capacity.
7. BASF India Limited
On the seventh spot of this list, as a subsidiary of BASF SE in Germany, BASF India Limited has been a crucial player in Indian agriculture for over a century. Located in Mumbai, BASF is engaged in manufacturing crop protection chemicals and digital farming tools. You see, the company’s recent product launch, Efficon®, an insecticide that is targeted on a few essential crops, is a demonstration of its commitment to farrier agricultural solutions, we can say that for sure.
8. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
Then, in Gujarat, GNFC was established in 1976, it is the combination of the production of fertilizers and the production of industrial chemicals that is GNFC’s ultimate objective to support both Indian agriculture as well as diverse fields, you know? Not just that though, a total of ₹10,227 crores of revenue was obtained in 2023, which indicates that they are focusing on productivity, cutting costs, and the efficient production of their products. The trustworthiness of GNFC is shown in the by-products based on neem, which also underlines its concern regarding nature and the ecosystem.
9. Fertilizers and Chemicals Travancore Limited (FACT)
Next on the list, being established in Kerala in 1943, FACT was the first manufacturer of fertilizers in India after independence. Like, apart from FACTAMFOS, FACT produces a wide range of fertilizers all over the country. The plants in Kerala are of great importance in Indian agriculture, as they represent the historical roots of FACT in the region, which is why FACT continues to exist in this very sector until this day due to its commitment to quality and nothing else.
10. Godrej Agrovet Limited
Did you know that Godrej Agrovet Limited was formed in 1991 and is not recognized enough as an organization that is highly diversified, which consists of animal feed, oil palm, dairy, and poultry, and is the legal part of the Godrej Group? For sure, this company is very well-known for its strong relationships with farmers, and particularly in the oil palm sector, it also contributes to palm oil production in India.
Conclusion
There you have it. So, if you were looking forward to using the goods or services of these agriculture companies, then you now have the list to explore. And if you just want to invest in this particular segment of the market, then give this post a good read.