PI Industries Limited is an agro-chemical company based in India. It offers an array of products across insecticides, fungicides, and herbicides segments. Get all the latest information on company's recent performance, stock returns and trends here.
PI Industries Limited is an AgChem company based out of India. It was formed in the year 1946. The company has a number of subsidiaries that it spun off.
Market Capitalisation
As of the first week of September 2018, the market capitalisation of the company is about Rs.10,536 crore.
From the financial highlights provided by the company, it can be seen that:
As of FY18, the company had over 60,000 retail points, over 2,000 people and 4 offices around the world with a presence on six continents. The company also operated three manufacturing sites.
The company was initially begun as Mewar Oil and General Mills Limited in the year 1946 in India. The history of the company is described here:
The company embarked on a period of expansion. This period was marked by the formation of a marketing network throughout India. The first Agchem plant was installed during this period. In addition to the Agchem business, the company diversified its interests by entering into mining and mineral processing. The mining and mineral processing divisions were later spun off into a company called Wolkem India Limited. The company achieved its first export of Agchem formulation during this initial period spanning almost four decades. Lastly, the company also began an Agchem formulation and marketing brand called VEGFRU. Considering all of these, it would come as no surprise to note that the company's research and development was recognised by the Ministry of Science and Technology.
In these two decades, the company achieved a lot more than it had done previously. One of the biggest changes during this time was the change in name to PI Industries Limited. The company also entered into the space of polymer compounding. A manufacturing site was set up in the state of Gujarat. A Phorate technical plant was also installed during this time. The company began the process of international expansion by entering the Middle East where it set up a turnkey Agchem manufacturing unit. The company also diversified into custom synthesis and manufacturing. Yet another diversification was also achieved. The company diversified into energy metering. This was later spun off into Secure Meters Limited. These two decades marked another major milestone for the company with it acquiring the ISO 9002 and 14001 certifications.
During these five years, the company divested itself of its polymer business. The research and development centre at Udaipur was expanded. A new formulation plant was established in Jammu. The achievements of the company during these five years include it getting accredited by OHSAS 18001 and ISO 17025. The company also launched 8 new products in India alone. The company also introduced 10 new products in CSM.
The company managed to set up another manufacturing site in Gujarat at Jambusar. The company introduced a new initiative with Sony for research. The company divested its polymer compounding business. The company expanded its CSM unit by building two new plants in Panoli.
The company expanded some more by setting up a new formulation plant at Panoli.
The company increased its international footprint by expanding into Germany. The company also commercialised three new molecules for exports.
The Chairman Emeritus of the company is Mr. Salil Singhal.
The board of directors of the company includes the following people:
Mr. Narayan K. Seshadri - Non-Executive Chairman
Mr. Mayank Singhal - Managing Director and CEO
Mr. Rajnish Sarna - Executive Director
Mr. Arvind Singhal - Non-Executive Director
Mr. Ravi Narain - Independent Director
Mrs. Ramni Nirula - Independent Director
Mr. Pravin K. Laheri - Independent Director
Dr. T.S. Balganesh - Independent Director
The leadership team of the company comprises the following individuals:
Mr. Mayank Singhal - Managing Director and CEO
Mr. Rajnish Sarna - Executive Director
Mr. RD Kapoor - Head - Agri Support and Alliances
Mr. Rajul Edoliya - President - Strategic and Business Development
Mr. Devendra Kumar Ray - Head of Manufacturing Strategy
Mr. Samir Dhaga - CIO
Mr. Sankar Ramamurthy - CPO
Mr. Subhash Anand - CFO
Mr. Atul Kumar Gupta - Head of Plant Operations
Mr. Prashant V. Potnis - Senior Vice President
The Chairman Emeritus, Mr. Salil Singhal has been with the company since the year 1979. He initiated the idea of going global with the company and is credited with the formation of a value system in the company. He has also been part of a number of committees that framed policy issues related to agriculture. He is part of the Boards of a number of companies and organisations.
The Managing Director and CEO, Mr. Mayank Singhal, is a person with a number of years of experience in the industry. He has an engineering management degree from the UK. He believes in balancing consumer interest, environmental interest, and business interest. He is part of the Boards of a number of organisations.
The company is listed under the following codes on the BSE and the NSE:
BSE: 523642
NSE: PIINDEQ
SECT: Chemicals
IND: Pesticides/Agro Chemicals
ISIN Code: INE603J01030
The company is included in the following indices:
In addition to being listed on the BSE and the NSE, the company is also listed on the Hyderabad Stock Exchange Limited and the MCX Stock Exchange.
Registered Office
The corporate office of the company is located at the following address:
PI Industries Limited, Fifth Floor, Vipul Square, B Block, Sushant Lok, Phase - 1, Gurgaon - 122009
Telephone number: +91 124 6790 000
Fax: +91 124 4081 247
The registered office of the company is located at the following address:
PI Industries Limited, Post Box Number 20, Udaisagar Road, Udaipur - 313 001
Telephone number: +91 294 2491 4515
Fax: +91 294 2491946
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