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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.
 | |
| Formerly | Coromandel Fertilisers |
|---|---|
| Company type | Public |
| ISIN | INE169A01031 |
| Headquarters | |
| Revenue |  ₹29,628 crore (US$3.5 billion) (FY23)[1] |
| ₹2,959 crore (US$350 million) (FY23)[1] | |
| ₹2,013 crore (US$240 million) (FY23)[1] | |
| Owner | EID Parry (62.82%) |
| Parent | Murugappa Group |
| Website | coromandel.biz |
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]
Businesses
editThe 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.
Phosphatic fertilizer
editThe Company is India's second largest manufacturer and marketer of phosphatic fertiliser.
Specialty nutrients
editThe 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.
Retail
editAs 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.
References
edit- ^ a b c "Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr". Business Standard. 15 May 2023. Retrieved 26 June 2023.
- ^ Poh Si Teng (16 October 2009). "Fertilizers on Wheels". The Wall Street Journal. Retrieved 26 October 2009.
- ^ "Coromandel International Consolidated Profit & Loss account, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
- ^ "Coromandel International Consolidated Balance Sheet, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
- ^ Sharma, E. Kumar (8 January 2009). "The other good employers". Business Today. Retrieved 26 October 2009.
- ^ "Two IARI scientists get Borlaug Award 2012". The Weekend Leadr. Retrieved 26 December 2012.