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Formerly | Coromandel Fertilisers |
---|---|
Company type | Public |
ISIN | INE169A01031 |
Headquarters | |
Revenue | ₹29,628 crore (US$3.7 billion) (FY23) [1] |
₹2,959 crore (US$370 million) (FY23) [1] | |
₹2,013 crore (US$250 million) (FY23) [1] | |
Owner | EID Parry (62.82%) |
Parent | Murugappa Group |
Website | coromandel.biz |
Coromandel International Limited is an Indian agrochemicals company which makes crop protection products. Originally named Coromandel Fertilisers, the company makes fertilizers, pesticides and specialty nutrients. Coromandel International is part of Murugappa Group and a subsidiary of EID Parry, which holds a 62.82% stake in the company.
The company was founded in the early 1960s by IMC and Chevron Companies and EID Parry. It operates a retail business in the states of Andhra Pradesh, Karnataka and Maharashtra through its Mana Gromor Centres. [2] It has sixteen manufacturing units located in Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh and Jammu and Kashmir. Its product line includes Gromor, Godavari, Paramfos, Parry Gold and Parry Super. [3] [4]
Coromandel was ranked #16 on Business Today's 2009 list of the Best Companies to work for in India. [5] The company confers an annual Borlaug Award for outstanding Indian science in the field of agriculture and environment. [6]
The Company's Crop Protection products are marketed in India and in international geographies, offering a range of technical and formulation products.
The Company has a research, development, and regulatory effort, supporting the businesses in process development and new product development.
The Company is India's second largest manufacturer and marketer of phosphatic fertiliser.
The Specialty Nutrients business focuses on products such as sulphur pastelles, water-soluble fertiliser and secondary and micronutrient segments. The Company is India's leading marketer of organic fertiliser and also offers biopesticides. Speciality nutrients cater to the needs of particular crops at different growth stages.
As of 2015 the company operated a network of around 800 retail outlets across Andhra Pradesh, Telangana, Karnataka and Maharashtra. Through these outlets, the company offers farming services including crop advisory, soil testing and farm mechanization to some 3 million farmers.
One store covers 30-40 villages and caters to some 5,000 farmer families.
Agrium was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America.
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EID Parry Limited is an Indian public company engaged in the manufacture and marketing of sugar and bio-products, headquartered in Chennai. EID Parry has been in business since 1788, making it the oldest surviving mercantile name in Chennai. It has many firsts to its credit, including the manufacturing of fertilizers (1906) for the first time in the Indian subcontinent.
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ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.
Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Limited., Net Access India Ltd and Wendt (India) Ltd.
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