UPL (company)

Last updated

UPL Limited
FormerlyUnited Phosphorus Limited (1969–2013)
Company type Public
ISIN INE628A01036
Industry
Founded29 May 1969;56 years ago (1969-05-29)
Founder Rajnikant Shroff
HeadquartersUPL House, 610 B/2, Bandra Village, Bandra (East),
Mumbai, Maharashtra
,
India [1]
Area served
Worldwide
Key people
  • Rajnikant Shroff (Chairman & MD)
  • Jaidev Shroff (CEO) [2]
Products
RevenueIncrease2.svg₹53,576 crore (US$6.3 billion) (FY23) [3]
Increase2.svg₹11,178 crore (US$1.3 billion) (FY23) [4]
Decrease2.svg₹3,569 crore (US$420 million) (FY23) [3]
Total assets Increase2.svg₹82,679 crore (US$9.8 billion) (2022)
Total equity Increase2.svg₹24,661 crore (US$2.9 billion) [5]  (2022)
Owners
Number of employees
10,000+ [5]  (FY21)
Website www.upl-ltd.com

UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals. [6] Headquartered in Mumbai, the company is primarily engaged in the manufacture and marketing of conventional agrochemicals, seeds, and other agriculture-related products. It also manufactures fungicides, herbicides, insecticides, plant growth regulators, rodenticides, industrial and specialty chemicals, and nutrifeeds. [7] [8]

United Phosphorus Limited was established on 29 May 1969. [8] The company changed its name to UPL Limited in October 2013. [9]

On 20 July 2018, UPL signed a US$4.2 billion agreement with Platform Specialty Products Corporation (now Element Solutions Inc.) to acquire control of Arysta LifeScience Inc. The acquisition was completed in February 2019, [10] [11] making UPL the fifth largest generic agrochemicals company in the world after Bayer, Corteva, Syngenta and BASF. [12] [13]

References

  1. ↑ "Contact Us". UPL Limited. Retrieved 16 March 2019.
  2. ↑ "Global Leadership". UPL Limited. Retrieved 16 March 2019.
  3. 1 2 "UPL's Q4 net drops 43% to ₹792 crore on pricing pressure, delayed planting season". The Hindu Businessline. 8 May 2023. Retrieved 14 June 2023.
  4. ↑ "UPL Q4FY23 results: Net profit falls by 42.6%, declares dividend". mint. 8 May 2023. Retrieved 14 June 2023.
  5. 1 2 3 "Annual Report 2020-21" (PDF). UPL Limited. Retrieved 8 May 2022.
  6. ↑ "Company Overview of UPL Limited". Bloomberg. 20 May 2023.
  7. ↑ "Company Profile for UPL Limited". Reuters. Retrieved 16 March 2019.[ dead link ]
  8. 1 2 "UPL Limited on the Forbes Asia's Fab 50 Companies List". Forbes. Retrieved 16 March 2019.
  9. ↑ "UPL LTD – GDR (UPL:Singapore): Company Description – Bloomberg". Bloomberg. Retrieved 16 March 2019.
  10. ↑ "UPL completes acquisition of Arysta LifeScience for $4.2 billion". The Economic Times. 4 February 2019. Retrieved 16 March 2019.
  11. ↑ "UPL Jumps The Most In Four Years After $4.2 Billion Deal To Acquire Arysta Lifescience". BloombergQuint. 23 July 2018. Retrieved 16 March 2019.
  12. ↑ "All You Need To Know About UPL's Latest Buyout Plan". BloombergQuint. 17 July 2018. Retrieved 16 March 2019.
  13. ↑ "UPL Completes Acquisition of Arysta LifeScience". Successful Farming. 1 February 2019. Retrieved 16 March 2019.


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