Scripscan:P I Industries Ltd
cmp:450
Code:523642
Story:Earlier known as Pesticides India, its name was changed to the present one in 1993 to reflect its new diversified businesses. PI is ranked amongst the top five Indian agrochemicals manufacturers, marketers and exporters and has many firsts to its credit. The company exports its products to over 35 countries across the Americas, Asia Pacific, Europe, Africa and Japan.PI Industries manufactures agro-inputs and fine chemicals in India and internationally. Its agro-inputs include insecticides, fungicides, herbicides, plant nutrients, seed treatment chemicals, active ingredients and seeds. In addition, the company offers contract research and manufacturing services (CRAMS) in the areas of fine chemicals, agrochemicals, and pharma intermediates.With over 1,100 employees, PI Industries currently operates three formulations and two manufacturing facilities as well as four multi-product plants under its three business units across Jammu & Kashmir and Gujarat. These facilities have integrated process development teams with in-house engineering capabilities.The company has also signed an agreement with the world’s largest electronics company, Sony Corporation, and has set up a research centre in Udaipur (Rajasthan)—PI-Sony Research Centre—for carrying out research in the area of synthetic organic chemicals for applications in the electronics industry for use in flexi-TVs, solar cells, etc.During FY10-11, the company’s business grew by 38% y-o-y (year-on-year) spearheaded by the robust performance of some newly launched products. PI has also filed for the registration of three new molecules; these are expected to be commercially launched by 2012-13. The company has exclusive rights with several global corporations for distribution in India. Given the inevitable surge in demand for food grain production, the opportunities for agrochemicals companies are innumerable. PI Industries has a long-standing association with business partners and an intensive network of distributors across India.Altogether a great bet for the longer term perspective.
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