Best Company from an Emerging Region
Winner
United Phosphorus Ltd.
Shortlisted
AgrimatJiangsu Kesheng
Group Co., Ltd.
Red Sun Group Corporation
Zhejiang Xinan Chemical
Industrial Group Co., Ltd.
T
he judging for this award was based on crop protection
companies headquartered outside of North America and
Western Europe. The award recognises the company from
outside these regions that has made the greatest contribution
The Winner’s Response
to the crop protection industry. The judges were looking for
excellent performance across a range of business activities.
United Phosphorus is honoured to receive the inaugural Agrow
This could mean anything from growing sales and profits, to
Award for Best Company from an Emerging Region. We
launching a new product, signing a significant new deal, or
believe that this award truly recognises our growth from a small
contributing to research and development in crop protection.
business unit to a multinational crop protection company.
United Phosphorus is a company that has grown, in less than
UPL is deeply proud of its presence across value added agri
40 years, from a small specialist manufacturer into one of our
inputs ranging from seeds to crop protection and post harvest
industry’s leading players. It is a company that only entered
activities. The group today has 2 companies listed on the Indian
Agrow’s ranking of the top 20 agrochemical companies two
stock exchang, UPL and Advanta, with a combined market
years ago and is now knocking at the door of the top 10.
capitalization of approximately US$ 2.5 billion. The Revenues
of the company have grown at a CAGR of 26% in the last 5
The last year has been, in its own words, ‘remarkable’ for
years. As mentioned by Mr. R. D. Shroff, Chairman & Managing
UPL. Not only has the company continued to grow at more
Director of UPL, “it is our endeavour to be the most competitive
than 30% annually but also maintains an EBITDA of 20% plus.
and high-quality manufacturer of a molecule where improvement
A series of acquisitions including three molecules from Bayer,
is a continuous process on which a team of scientists work
worldwide rights of Londax from DuPont, and the Cerexagri
all the time”. UPL is a classic example of growth achieved
group of companies from Arkema, France, have ensured
through successful backward and forward integration, taking
that United Phosphorus is now a key player in the crop
advantage and benefiting from the consolidation opportunity
protection industry. Indeed, the acquisition of Cerexagri added
within the agrochemical industry. “Successfully integrating
approximately $250 million in revenue and brought with it a
acquired companies is an activity as challenging as acquiring
pool of 630 highly talented and experienced professionals.
the company itself and UPL has developed an in-house team
specializing in acquiring and integrating companies” says Mr. Jai
UPL’s R&D is actively working on novel formulations and
Shroff, CEO of UPL.
combination products, of which eight have been patented
within the last year.
UPL has achieved significant growth both through organic
expansion as well as accretive acquisitions. UPL stood 13th
in Agrow’s dollar-based ranking of the leading agrochemical
Photo: L-R: Philip Jarvis - Agrow; Rajju Shroff - United companies in 2006. UPL was the only company in the ranking
Phosphorus; Gyles Brandreth
to record double-digit growth last year, propelling the Indian
firm from 18th (2005) to 13th place (2006). We believe it is for
this variety of reasons that Agrow has awarded us this most
prestigious of awards, and we would like to take this opportunity
to thank the judges and the Agrow team itself for honouring us
in this way.
www.agrowawards.com 1
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