Coromandel International

Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC and Chevron Companies of USA and EID Parry, headquartered in Hyderabad, Telangana, India. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. The company is also in rural retail business in the states of Andhra Pradesh, Karnataka and Maharashtra through its Mana Gromor Centres.[3] Coromandel International is part of Murugappa Group and a subsidiary of EID Parry, which holds 62.82% of the equity in the company. The company has sixteen manufacturing units located in the states of 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.

Coromandel International Limited
FormerlyCoromandel Fertilisers
TypePublic
ISININE169A01031
Headquarters
Hyderabad, Telangana, India
Revenue ₹13,176.73 crore (US$1.8 billion) [1] (2020)
₹1,377.73 crore (US$190 million) [1] (2020)
₹1,065.04 crore (US$150 million) [1] (2020)
Total assets ₹10,148.77 crore (US$1.4 billion) [2] (2020)
Total equity ₹4,317.70 crore (US$610 million) [2] (2020)
ParentMurugappa Group, EID Parry
Websitecoromandel.biz

As of 2020 their revenues stood at ₹13,176.73 crore (US$1.8 billion) and their total assets were at ₹10,148.77 crore (US$1.4 billion).[1][2]

About Coromandel

Coromandel International Limited is amongst India's pioneers and leading agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Specialty Nutrients and Organic fertiliser businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertiliser in India. The Company's Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water-soluble fertiliser and secondary & micro nutrients segments. The Company is leading marketer of Organic fertiliser in India and has recently added bio pesticide solutions to its portfolio. It also operates a network of around 800 rural retail outlets across Andhra Pradesh, Telangana, Karnataka and Maharashtra. Through these Retail outlets, the company offers farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has a strong R&D and Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 16 manufacturing facilities, producing wide rangeof Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers. Coromandel was ranked #16 on Business Today's 2009 list of the Best Companies to work for in India.[4] The company confers Borlaug Award for outstanding Indian scientist in the field of agriculture and environment[5]

Business line

Coromandel is largely engaged in manufacturing of wide range of phosphatic fertilisers, crop protection products, specialty nutrients like sulphur pastelles, water-soluble fertilisers, micro nutrients and organic fertilisers. Coromandel's business can be broadly divided into four parts:

Fertilizers

Coromandel markets and manufactures wide range of fertilizers which makes it leader in addressable market and 2nd largest producer of phosphatic fertilizers in India.

Pesticides

Coromandel produces insecticides, pesticides, weedicides and fungicides and market these products in India and abroad. Coromandel is the second largest manufacturer of Malathion and is the major manufacturer of Phenthoate in Asia. The company have global presence in 62 countries and ranks 5th in Indian market.

Speciality Nutrients

Company have recently added one more variety of farm inputs. Speciality nutrients are basically developed to cater the need of particular crops at different stage of growth. These set of chemicals have different combination of secondary and micro-nutrients which provides the basic requirement of crops and helps them to grow.

Retail

Company is also present in retail sector. Till 2015 company have more than 750 retails centers in villages of Andhra Pradesh, Telangana and Karnataka. One retail store covers 30-40 nearby villages and caters the needs of 5000 farmers families.

References
  1. "Coromandel International Consolidated Profit & Loss account, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
  2. "Coromandel International Consolidated Balance Sheet, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
  3. Poh Si Teng (16 October 2009). "Fertilizers on Wheels". The Wall Street Journal. Retrieved 26 October 2009.
  4. Sharma, E. Kumar (8 January 2009). "The other good employers". Business Today. Retrieved 26 October 2009.
  5. "Two IARI scientists get Borlaug Award 2012". The Weekend Leadr. Retrieved 26 December 2012.
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