Indofil Industries Limited Unlisted Shares

(i) Indofil Chemicals Limited was incorporated in 1962 as a subsidiary of Rohm and Haas Company, US. In 1985, the Company was merged with a listed company called Modipon Limited (MPL) and operated as a division of MPL till 2006. Thereafter, in 2007, Indofil was separated from MPL and transferred and vested with Indofil Organic Industries Limited (IOIL). Further, in 2010, IOIL was rechristened as Indofil Industries Limited (Indofil).

(ii) Indofil Industries Limited (Indofil) is a fully-integrated, multi-product chemical company, part of the K. K. Modi Group of Companies. Its expertise lies in the manufacturing, distribution, and marketing of agrochemicals and specialty chemicals.

(iii) Indofil provides high-quality crop care products to farmers and plays a significant role in helping them implement best practices in crop protection. Indofil has been able to augment growth with a focus on Research and Development (R&D) based product development and structured business, coupled with appropriate technologies and distribution network.

(iv) Over the years, Indofil has provided best-in-class chemicals, both to the domestic and international markets. The products are accredited with international quality standards such as ISO 9001, OHSAS 18001 and ISO 14001. A consistent focus on innovation drives Indofil’s ambition to create an enterprise value of 2 billion dollars in the next three years.

Key Indicators

1.  R&D Investment of 45 Cr.
2.  No. of Products Brand 100+
3. Geographical Presence of 96+ Countries.
4. No. of Employees 1080.
5. No. of Patents held = 8

SUBSIDIARIES OPERATIONS

A large portion of the Company’s future growth is expected to be driven by the Company’s International business. The Company already has a sales presence in more than 95+ countries through its distributors, commissioning agents, etc.

In the last 2-3 years, the Company has extensively invested in its key international markets like Europe, Brazil and some AsiaPacific markets with an objective to:

a) Come closer to some of its key markets and customer.

b) Provide better client service to its customers.

c)  Engaging in Value Added Distribution (VAD) activities by replicating its  successful domestic distribution model in these countries.

d) Expanding its registration portfolio which requires local presence in these markets.

JOINT VENTURE OPERATIONS

The Company had entered into a Joint Venture with Shanghai Baijin Group, China for the manufacture of Carbon – Di –Sulphide (CS2) as part of its backward integration strategy for key raw materials. The Joint Venture has ensured uninterrupted supply of this important raw material to Company, thus eliminating the need for import of CS2 and saving on foreign exchange outflow.

MANUFACTURING PLANTS

1. THANE,  MAHARASHTRA , 20,000(TPA)

2. DAHEJ UNIT 1, GUJARAT , 31,000 (TPA)

3. SYNTHESIS PLANT, DAHEJ UNIT 2, GUJARAT ,4,000(TPA)

New Capacities

1. EBDC PLANT, GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION (GIDC), DAHEJ, GUJARAT, 35,000(TPA).

2. INNOVATIVE SOLUTION PLANT, GIDC, DAHEJ, GUJARAT, 35,000(TPA)

The Company drives 50% of the revenue from the International market.