Coromandel International: Difference between revisions

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{{short description|Indian agricultural products company}}
{{short description|Indian agricultural products company}}{{More citations needed|date=April 2023}}
 
{{Use Indian English|date=August 2020}}{{Use dmy dates|date=July 2019}}
{{Use Indian English|date=August 2020}}{{Use dmy dates|date=July 2019}}
{{Infobox company
{{Infobox company
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| former_name = Coromandel Fertilisers
| former_name = Coromandel Fertilisers
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|506395}}|
| traded_as = {{ubl|{{BSE|506395}}|{{NSE|COROMANDEL}}}}
{{NSE|COROMANDEL}}}}
| ISIN = INE169A01031
| ISIN = INE169A01031
| location_city = [[Hyderabad]], [[Telangana]], [[India]]
| location_city = [[Hyderabad]], [[Telangana]], India (registered office)
| revenue = {{Decrease}} {{INRConvert|13176.73|c}} <ref name=p>{{Cite web|title=Coromandel International Consolidated Profit & Loss account, Coromandel International Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/coromandelinternational/consolidated-profit-lossVI/CI45|access-date=2020-07-01|website=www.moneycontrol.com|language=en}}</ref>
----
| revenue_year = 2020
[[Chennai]], [[Tamil Nadu]], India (corporate headquarters)
| operating_income = {{Increase}} {{INRConvert|1377.73|c}} <ref name=p/>
| revenue = {{increase}} {{INRConvert|29628|c}} (FY23)<ref name="fy23"/>
| income_year = 2020
| operating_income = {{increase}} {{INRConvert|2959|c}} (FY23)<ref name="fy23"/>
| net_income = {{Increase}} {{INRConvert|1065.04|c}} <ref name=p/>
| net_income = {{increase}} {{INRConvert|2013|c}} (FY23)<ref name="fy23">{{cite news |title=Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr |url=https://www.business-standard.com/companies/results/coromandel-international-posts-18-rise-in-q4-net-profit-to-rs-290-crore-123051500989_1.html |access-date=26 June 2023 |work=Business Standard |date=15 May 2023}}</ref>
| net_income_year = 2020
| parent = [[Murugappa Group]]
| assets = {{Decrease}} {{INRConvert|10148.77|c}} <ref name=b>{{Cite web|title=Coromandel International Consolidated Balance Sheet, Coromandel International Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/coromandelinternational/consolidated-balance-sheetVI/CI45|access-date=2020-07-01|website=www.moneycontrol.com|language=en}}</ref>
| owner = [[EID Parry]] (62.82%)
| assets_year = 2020
| equity = {{Increase}} {{INRConvert|4317.70|c}} <ref name=b/>
| equity_year = 2020
| parent = [[Murugappa Group]], [[EID Parry]]
| homepage = [http://www.coromandel.biz coromandel.biz]
| homepage = [http://www.coromandel.biz coromandel.biz]
}}
}}


'''Coromandel International Limited''' is an [[India]]n 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.<ref>{{cite news|url=https://www.wsj.com/articles/SB125558077864186837|author=Poh Si Teng|date=16 October 2009|accessdate= 26 October 2009|work=[[The Wall Street Journal]]|title=Fertilizers on Wheels}}</ref> 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 (union territory)|Jammu and Kashmir]]. Its product line includes Gromor, Godavari, Paramfos, Parry Gold and Parry Super.
'''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.   


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).<ref name="p"/><ref name="b"/>
The company was founded in the early 1960s by IMC and [[Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc.|Chevron Companies]] and [[EID Parry]]. It operates a retail business in the states of [[Andhra Pradesh]], [[Karnataka]] and [[Maharashtra]] through its Mana Gromor Centres.<ref>{{cite news|url=https://www.wsj.com/articles/SB125558077864186837|author=Poh Si Teng|date=16 October 2009|accessdate= 26 October 2009|work=[[The Wall Street Journal]]|title=Fertilizers on Wheels}}</ref> It has sixteen manufacturing units located in [[Andhra Pradesh]], [[Tamil Nadu]], [[Maharashtra]], [[Gujarat]],  [[Rajasthan]], [[Madhya Pradesh]], [[Uttar Pradesh]] and [[Jammu and Kashmir (union territory)|Jammu and Kashmir]]. Its product line includes Gromor, Godavari, Paramfos, Parry Gold and Parry Super.<ref name=p>{{Cite web|title=Coromandel International Consolidated Profit & Loss account, Coromandel International Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/coromandelinternational/consolidated-profit-lossVI/CI45|access-date=2020-07-01|website=www.moneycontrol.com|language=en}}</ref><ref name=b>{{Cite web|title=Coromandel International Consolidated Balance Sheet, Coromandel International Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/coromandelinternational/consolidated-balance-sheetVI/CI45|access-date=2020-07-01|website=www.moneycontrol.com|language=en}}</ref>


== About Coromandel ==
Coromandel was ranked #16 on [[Business Today (Business Magazine)|''Business Today'''s]] 2009 list of the Best Companies to work for in India.<ref>{{cite news |last=Sharma |first=E. Kumar |date=8 January 2009 |title=The other good employers |work=[[Business Today (Business Magazine)|Business Today]] |url=http://businesstoday.intoday.in/index.php?option=com_content&task=view&id=9429&completeview=1 |accessdate=26 October 2009}}</ref> The company confers an annual [[Borlaug Award]] for outstanding Indian science in the field of agriculture and environment.<ref>{{cite news |title=Two IARI scientists get Borlaug Award 2012 |newspaper=The Weekend Leader |url=http://www.theweekendleader.com/Headlines/76/two-iari-scientists-get-borlaug-award-2012.html |accessdate=26 December 2012}}</ref>
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 (Business Magazine)|''Business Today'''s]] 2009 list of the Best Companies to work for in India.<ref>{{cite news|url=http://businesstoday.intoday.in/index.php?option=com_content&task=view&id=9429&completeview=1|title=The other good employers|date=8 January 2009|accessdate= 26 October 2009|work=[[Business Today (Business Magazine)|Business Today]]|first=E. Kumar|last=Sharma}}</ref> The company confers [[Borlaug Award]] for outstanding Indian scientist in the field of agriculture and environment<ref>{{cite news|title=Two IARI scientists get Borlaug Award 2012|url=http://www.theweekendleader.com/Headlines/76/two-iari-scientists-get-borlaug-award-2012.html|accessdate=26 December 2012|newspaper=The Weekend Leadr}}</ref>


== Business line ==
== Businesses ==
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:
The Company's Crop Protection products are marketed in India and internationally, offering a range of technical and formulation products.  


=== Fertilizers ===
The Company has a research, development, and regulatory effort, supporting the businesses in process development and new product development.  
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 ===
=== Phosphatic fertilizer ===
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.
The Company is India's second largest manufacturer and marketer of [[phosphate fertiliser]].


=== Speciality Nutrients ===
=== Specialty 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.
The Specialty Nutrients business focuses on products such as [[sulphur pastilles]], water-soluble fertiliser and secondary and [[micronutrient]] segments. The Company is India's leading marketer of [[organic fertiliser]] and also offers [[Biopesticide|biopesticides]]. Speciality nutrients cater to the needs of particular crops at different growth stages.  


=== Retail ===
=== 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. pawan kalyan , alex chukka are key founders
As of 2025 the company operated a network of around 1100 retail outlets across [[Andhra Pradesh]], [[Telangana]], [[Karnataka]], TamilNadu 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.Overall the Retail outlets has connects more than 3 million farmers.


==References==
==References==
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{{Nifty 200 companies}}
{{Nifty 200 companies}}


[[Category:Fertilizer companies of India]]
[[Category:Fertiliser companies of India]]
[[Category:Murugappa Group]]
[[Category:Murugappa Group]]
[[Category:Year of establishment missing]]
[[Category:Companies with year of establishment missing]]
[[Category:1960s establishments in Andhra Pradesh]]
[[Category:1960s establishments in Andhra Pradesh]]
[[Category:Companies established in the 1960s]]
[[Category:Companies established in the 1960s]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 01:09, 30 January 2026

Coromandel International Limited
Formerly
Coromandel Fertilisers
Traded as
ISININE169A01031
Headquarters
Hyderabad, Telangana, India (registered office)
Chennai, Tamil Nadu, India (corporate headquarters)
RevenueIncrease ₹29,628 crore (US$4.2 billion) (FY23)[1]
Increase ₹2,959 crore (US$410 million) (FY23)[1]
Increase ₹2,013 crore (US$280 million) (FY23)[1]
OwnerEID Parry (62.82%)
ParentMurugappa Group
Websitecoromandel.biz

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.

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[edit | edit source]

The Company's Crop Protection products are marketed in India and internationally, 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[edit | edit source]

The Company is India's second largest manufacturer and marketer of phosphate fertiliser.

Specialty nutrients[edit | edit source]

The Specialty Nutrients business focuses on products such as sulphur pastilles, 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[edit | edit source]

As of 2025 the company operated a network of around 1100 retail outlets across Andhra Pradesh, Telangana, Karnataka, TamilNadu 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.Overall the Retail outlets has connects more than 3 million farmers.

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 "Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr". Business Standard. 15 May 2023. Retrieved 26 June 2023.
  2. ↑ Poh Si Teng (16 October 2009). "Fertilizers on Wheels". The Wall Street Journal. Retrieved 26 October 2009.
  3. ↑ "Coromandel International Consolidated Profit & Loss account, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
  4. ↑ "Coromandel International Consolidated Balance Sheet, Coromandel International Financial Statement & Accounts". www.moneycontrol.com. Retrieved 1 July 2020.
  5. ↑ Sharma, E. Kumar (8 January 2009). "The other good employers". Business Today. Retrieved 26 October 2009.
  6. ↑ "Two IARI scientists get Borlaug Award 2012". The Weekend Leader. Retrieved 26 December 2012.

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