Indian Farmers Fertiliser Cooperative

Last updated

Indian Farmers Fertiliser Cooperative (IFFCO)
Company type Cooperative society
Founded3 November 1967 (1967-11-03)
Founder Udaybhansinhji Natwarsinhji Jethwa
Headquarters,
India
Area served
India
Key people
  • Dileep Sanghani (Chairman)
  • Balveer Singh (vice chairman)
  • U S Awasthi (MD and CEO)
Products Fertilisers
RevenueIncrease2.svg62,990 crore (US$7.9 billion) (FY23) [1]
Increase2.svg3,053 crore (US$380 million) (FY23) [1]
Website www.iffco.in

Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertiliser. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita (as per World Cooperative Monitor 2021), [2] with around 35,000 member cooperatives reaching over 50 million Indian farmers.

Contents

With around 19% market share in urea and around 31% market share in complex fertilisers (P2O5 terms), IFFCO is India's largest fertiliser manufacturer.

The cooperative was ranked 66th on the Fortune India 500 list of India's biggest corporations as of 2017, [3] with a net worth of $2.6 billion as on March, 2021. [4]

History

1960s

The food crisis of the early '60s mobilized India's farmers and the founding fathers of a 'young' India to look for longer-term solutions. International organizations, including the American Co-operative Study Team, conducted fertiliser feasibility studies in India to increase production. The cooperative sector in India at that time was distributing 70 per cent of the chemical fertilizers consumed in the country. This sector had adequate infrastructure to distribute fertilisers but no production facilities. With the introduction of multi-agency approach by the Government of India in the distribution of fertilizers during 1967, the private sector also entered the field of fertilizer distribution. Private sector production units provided more opportunities to the distribution network of private trade and gave secondary preference to the cooperatives in the matter of supplies. Due to this development, the cooperatives started getting less supplies of the fertilizers.

To overcome this limitation and also to bridge the growing demand for fertilizer in the country, a new cooperative was conceived. The notion of the cooperative was especially appealing for its core values of self-help, accountability, democracy, equality, equity and solidarity. In 1964, the Cooperative League of USA proposed to the Government of India that American cooperatives were interested in collaborating with Indian cooperatives in setting up fertiliser production capacity.

The idea appealed to the Government of India and eminent cooperators of the country. As a result, Indian Farmers Fertilizer Cooperative Limited (IFFCO) was conceived and registered on 3 November 1967, as a multi-unit cooperative society with the primary objective of production and distribution of fertilizers. American cooperatives, through Cooperative Fertilizer International (CFI) provided financial aid as well as technical know-how to IFFCO. 1967 saw proposals submitted for Ammonia, Urea and NPK plants, notably at Kalol and Kandla in Gujarat, and on 3 November 1967, IFFCO was registered as a multi-unit cooperative.

1970s

The Kalol and Kandla plants were commissioned and built with great innovations and indigenous materials. In 1974, the plant at Kalol, Gujarat was inaugurated and project work for two more plants was initiated.

1980s

Two more Urea plants were commissioned at Phulpur and Aonla in Uttar Pradesh. IFFCO's founding managing director: Mr. Paul Pothen received the Padma Shri award for his contribution to the revival and growth of India's agricultural and farming community. Eventually, IFFCO also became a stakeholder in Industries Chimiques Du Senegal (ICS), Senegal's biggest industrial venture to manufacture phosphoric acid.

1990s

The Kalol, Kandla, Phulpur and Aonla plants were expanded to increase production capacity and improve production technology to meet the increasing demand for IFFCO fertilizers and meet the growing demand for food in India. This was the decade of major transformation, which set the foundation for the growth that the organisation was about to undertake in forthcoming years. The process led to significant expansion in capacity and capabilities of the manufacturing units, and a phenomenal increase in the operational efficiency of the plants, bringing them at par with the highest global standards. To further improve productivity and profitability, an impetus was put on getting IFFCO on the global map and Joint Ventures were established in Oman, Jordan and Dubai. Business interests were also diversified beyond fertilizer, to sectors like General insurance, rural telephony, international trading, pesticides and even rural e-commerce. These steps proved to be a game changer and catapulted IFFCO into a new era.

2000s

A view of the IFFCO plant at Aonla, Uttar Pradesh Aonla(2).jpg
A view of the IFFCO plant at Aonla, Uttar Pradesh

IFFCO became an autonomous cooperative, expanding its presence and partnerships in India and abroad. 2000 saw the establishing of IFFCO Tokio General Insurance Company Ltd., and the launch of customized rural-centric insurance products. IFFCO acquired shareholding in the Oman India Fertilizer Company. The Paradeep plant was acquired, and the Kisan International Trading FZE (KIT), a wholly owned subsidiary for imports, exports and logistics support for fertilizers, raw materials and intermediates, was set up in Dubai. IFFCO also made forays into Jordan, established Jordan India Fertilizer Company L.L.C and promoted IFFCO Kisan Sanchar Ltd, a unique venture to bring the benefits of modern mobile communications to rural India.

2010s

IFFCO embarked on several expansion and diversification plans to increase its domestic fertilizer production capacity. These plans also included the acquisition of more plants, further overseas joint ventures and the introduction of several energy reduction measures to improve production efficiency and minimize carbon footprint. In a joint venture with Mitsubishi Corporation, Japan, IFFCO-MC Crop Science Private Limited [5] was incorporated to provide quality agrochemicals in India. The IFFCO BAZAR [6] was envisioned to introduce modern retail and information experience to rural India, by combining technology with experience to deliver value to consumers in the Indian hinterland.

Plants

Associates and subsidiaries

A farmer using fertiliser on his fields Iffco farmer.jpg
A farmer using fertiliser on his fields

How to open IFFCO fertilizer center

If you also want to operate or open a fertilizer sales center in your rural areas, then complete information regarding it will be shared with you through today's article post. Here we will clearly tell you how you can double your income by opening a food sales centre. Farmers in rural areas need fertilizers the most. In such a situation, when the time of sowing and harvesting of crops comes, it is very difficult to get fertilizer. In such a situation, you can help the farmers and also increase your income by opening a food vendor center in your rural areas.

CSC IFFCO Khad Center Required Eligibility Criteria

Information about the necessary documents required for opening a new fertilizer storage center has been given to you in the following form. Please read:

To run a new fertilizer storage centre, the operator must be an Indian resident.

The age of the operator should be above 18 years.

The applicant should have a big warehouse in which he can keep the manure safely.

As per the eligibility criteria, you must have a shop to open a new food center.

The candidate must also have investment to open a fertilizer storage centre.

Know about opening IFFCO Fertilizer Center in Hindi

See also

Related Research Articles

<span class="mw-page-title-main">Fertilizer</span> Substance added to soils to supply plant nutrients for a better growth

A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from liming materials or other non-nutrient soil amendments. Many sources of fertilizer exist, both natural and industrially produced. For most modern agricultural practices, fertilization focuses on three main macro nutrients: nitrogen (N), phosphorus (P), and potassium (K) with occasional addition of supplements like rock flour for micronutrients. Farmers apply these fertilizers in a variety of ways: through dry or pelletized or liquid application processes, using large agricultural equipment or hand-tool methods.

<span class="mw-page-title-main">Paradeep</span> City in Odisha, India

Paradeep, also spelled Paradip, is a major industrial seaport city and municipality, 53 km (33 mi) from Jagatsinghpur city, in Jagatsinghpur district of Odisha, India. Paradeep was constituted as an NAC on 27 September 1979 and converted into a municipality on 12 December 2002. The nearest commercial airport is Biju Patnaik International Airport.

<span class="mw-page-title-main">Fertilisers and Chemicals Travancore</span>

The Fertilisers and Chemicals Travancore Limited, abbreviated as FACT, is an Indian central public sector undertaking headquartered in Kochi, Kerala. It was incorporated in 1943, by Maharajah Sree Chithira Thirunal Balarama Varma of the Kingdom of Travancore. It was the first fertiliser manufacturing company in independent India and also the largest Central Public Sector Undertaking (CPSU) in Kerala. The company is under the ownership of Government of India and administrative control of the Ministry of Chemicals and Fertilizers.

Krishak Bharati Cooperative Limited (KRIBHCO) is a Central government cooperative under the ownership of Ministry of Cooperation, Government of India that manufactures fertilizers, mainly urea.

<span class="mw-page-title-main">Kalol, Gandhinagar</span> City in Gujarat, India

Kalol is a city in Gandhinagar district in the Indian state of Gujarat, located alongside Gujarat State Highway 41 between the cities of Mehsana and Ahmedabad.

<span class="mw-page-title-main">National Fertilizers</span> Indian central public sector undertaking

National Fertilizers Limited (NFL) is an Indian central public sector undertaking and the largest government-owned-Urea fertilizer-producer in India as of 2022. It is a Miniratna (Cat-1) company, with the Government of India owning a majority stake.

<span class="mw-page-title-main">Tata Chemicals</span> Indian company

Tata Chemicals Limited is an Indian multinational corporation with interests in chemicals, crop protection and specialty chemistry products. The company is headquartered in Mumbai and has operations across India, Europe, North America and Africa. Tata Chemicals is a part of the Tata Group and its shares are traded on the NSE and BSE. Tata Chemicals has a publicly listed subsidiary called Rallis India.

<span class="mw-page-title-main">Mangalore Chemicals & Fertilizers</span>

Mangalore Chemicals & Fertilizers Limited is the largest manufacturer of chemical fertilizers in the state of Karnataka, India. The company is part of the Adventz Group. The company's corporate and registered office is at UB City, Bangalore and its factory unit is in Panambur, north of Mangalore.

<span class="mw-page-title-main">CF Industries</span> American agrochemical manufacturer

CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. It was founded in 1946 as the Central Farmers Fertilizer Company. For its first 56 years, it was a federation of regional agricultural supply cooperatives. CF then demutualized, and became a publicly traded company.

Coloured Ties Capital Inc., formerly known as GrowMax Resources, is a Canadian mining and speciality chemicals and minerals company.

<span class="mw-page-title-main">Rashtriya Chemicals & Fertilizers</span> Indian central public sector undertaking

Rashtriya Chemicals & Fertilizers Ltd. (RCF) is an Indian central public sector undertaking which produces chemical and fertilizers and is based in Mumbai. It is under the ownership of Government of India and administrative control of Ministry of Chemicals and Fertilizers. RCF is fourth largest government owned-fertilizer-producer in India.

Patvi Namdar Maharajkumar Shri Udaybhansinhji Natwarsinhji Jethwa Sahib, was the last Maharajkumar or Yuvraj of Jethwa dynasty of Princely State of Porbandar. He was associated with cooperative movement in post-independent India and was recipient of Padma Shri.

Fertilizer Corporation of India Limited (FCIL) is a public sector undertaking in India under the ownership of Ministry of Chemicals and Fertilizers, Government of India.

The Gandhidham–Palanpur section belongs to the Western Railway of Kutch district of Gujarat state.

Paul Pothen (1916-2004) was an Indian industrialist and one of the pioneers of fertilizer industry in India. He was the founding managing director of three large scale fertilizer manufacturing firms in India.

<span class="mw-page-title-main">Banas Dairy</span> Dairy in Palanpur, Gujarat, India

Banas Dairy is a division of Gujarat Cooperative Milk Marketing Federation which is under the ownership of Ministry of Cooperation, Government of Gujarat based in the Banaskantha district of Gujarat, India and is Asia's largest milk producer. It was founded in 1969, in accordance with the 1961 rule of the National Dairy Development Board under Operation Flood. Galbabhai Nanjibhai Patel played an important role in the foundation of the dairy. It is headquartered at Palanpur.

<span class="mw-page-title-main">Indian Potash Limited</span>

Indian Potash Limited, also known as IPL, is a fertiliser company based in India. It was incorporated under Indian Companies Act with the objective of import-handling, promotion and marketing of Potash in India. It imports, handles, promotes, and markets potash fertilisers in India. It sells fertilisers such as Muriate of Potash, Triple Super Phosphate, Monoammonium Phosphate, and Sulfate of Potash. Dr. PS Gahlaut serves as both the Managing Director and Director of Indian Potash Limited, a prominent fertilizer company in India. The company was formerly known as Indian Potash Supply Agency and changed its name to Indian Potash Limited in 1970. The company was founded in 1955 and is headquartered in Chennai, India. It is India's largest potash firm.

Assam Petro-Chemicals Limited is a semi-governmental Indian company with major stakes held by Government of Assam, Oil India Limited and Assam Industrial Development Corporation (AIDC). The company was incorporated in 1971 and by 1976 had started production at their small methanol plant located at Namrup along with formaldehyde and a few urea-formaldehyde resins like urea-formaldehyde glue and urea-formaldehyde moulding powder. Post expansion in 1989 and 1998, the company expanded the methanol plant to the capacity of 100TPD and formaldehyde plant to 100TPD. The company announced in September 2017 that it would invest 1,337 crore (US$170 million) and expand to produce 500TPD methanol and 200TPD formalin and become the largest producer of methanol in India. The required feedstock for these plants are natural gas, urea and carbon dioxide. Natural gas, supplied by Oil India Ltd, is used as feedstock for methanol production. Urea and carbon dioxide are supplied by BVFCL Fertilizer Plant.

<span class="mw-page-title-main">Pupuk Kalimantan Timur</span> Indonesian fertilizer company

PT Pupuk Kalimantan Timur is one of the strategic industrial companies in Indonesia with five Ammonia plant units and five Urea plant units in one location in Bontang, East Kalimantan and is the subsidiary of PT Pupuk Indonesia Holding Company. While the NPK factory units are spread in three cities, including the production of organic fertilizer which is spread in five regions. Assets in 2016 reached Rp29,390 trillion.

<span class="mw-page-title-main">Brunei Fertilizer Industries</span> Fertilizer company in Brunei

The Brunei Fertilizer Industries (BFI) is a government owned company and producer of ammonia and urea granular fertilizer, located in Sungai Liang Industrial Park (SPARK), Belait District, Brunei. It is claimed to be one of the largest fertilizer facilities in Southeast Asia, and has a production capacity of 1,365,000 tonnes of urea annually. The facility for BFI started being built in May 2018 and 500 jobs were expected be created when the plant was fully operating.

References

  1. 1 2 Mishra, Prabhudatta (2 May 2023). "IFFCO net profit surges to record ₹3,053-cr in FY23, up 62%". BusinessLine. Retrieved 10 February 2024.
  2. "World Cooperative Monitor | ICA Monitor". ICA. Retrieved 25 March 2022.
  3. "IFFCO – Fortune India 500".
  4. "IFFCO Annual Report 2017-18" (PDF).
  5. "IFFCO launches joint venture with Mitsubishi Corp".
  6. "IFFCO e-Commerce Website".
  7. "Production unit: Kalol". IFFCO. Retrieved 23 December 2020.
  8. "Production Unit: Kandla". IFFCO. Retrieved 23 December 2020.
  9. "Production Unit: Phulpur" . Retrieved 23 December 2020.
  10. "Production Unit: Aonla". IFFCO. Retrieved 23 December 2020.
  11. "Production Unit: Paradeep". IFFCO. Retrieved 23 December 2020.