By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
Insecticides (India), one of the fastest growing companies in agrochemicals Industry, posted a 20% rise in revenues and a 14% jump in the net profit for the FY 2010-11, over the previous year. While the company saw its net profit touching Rs. 32.21
Insecticides (India), one of the fastest growing
companies in agrochemicals Industry, posted a 20% rise in revenues and a 14%
jump in the net profit for the FY 2010-11, over the previous year.
While the company saw its net profit touching Rs. 32.21 crore for FY2010-11,
against Rs. 28.21 crore during the corresponding period of last year, its net
sales increased by nearly 20 % to Rs. 477.90 crore in the FY 2010-11.
Rajesh Aggarwal, managing director, Insecticides (India) Limited, said: "We have
set an ambitious target of raising our turnover multiple times in the next five
years. We have already started the commercial production at our units at
Udhampur(J&K) and Dahej (Gujarat) recently."
Within just nine years after its plant went on stream in 2002, Insecticides
(India) Limited has emerged as one of the fastest growing companies in the
country?s agro-chemical space, recording a CAGR (compounded annual growth rate)
of about 48%.
Its R&D team, has developed more than 20 technical processes, and has also
started research in biotechnology and set up a new biological laboratory.
Company recently bagged NABL accreditation also for its R& D centre. IIL has
already files four patents, and major breakthrough is inventing a new process
for MNIO, for which IIL has done a tie up with NRDC (Ministry of Science and
Technology) for scaling up and commercialization of the process.
The company, engaged in the manufacture of all types of insecticides,
fungicides, weedicides, herbicides, plant growth regulators for all types of
crops and also household pesticides, fully geared up with its new plants to
cater to the needs of Indian farmers.