Indofil Industries Ltd Unlisted Shares
Indofil Industries Limited (i.e Indofil), incorporated in 1993, is a fully integrated multi- product chemical company. It is engaged in manufacturing, distribution and marketing of agrochemical and specialty chemicals. Indofil is a part of K.K. Modi Group of Companies.
Indofil Industries Limited is uniquely placed both in Agricultural Chemicals (ABD) as well as Indofil Innovative Solutions (IIS) Business. Indofil has a well-equipped manufacturing infrastructure, a result oriented Research & Development team, and an excellent domestic and international distribution network.
INDOFIL INDUSTRIES LIMITED, established almost six decades ago, headquartered in Mumbai, a research-led and fully integrated Chemical Company has emerged as a successful and vibrant enterprise, riding high on a simple philosophy of retaining loyalty and enlarging the fold of satisfied customers.
INDOFIL has a very strong domestic base and a well-recognized international presence. Both businesses viz, Agricultural Chemicals and Specialty & Performance Chemicals are poised for much faster growth through partnerships and joint ventures for manufacturing, marketing and research and development activities with prospective companies across the world.
INDOFIL which is a very strong QMS ISO 9001 : 2000 and ISO 14001 Company, is professionally managed by its Chief Operating Officer Mr. Narendra Rane, a Post Graduate in Agriculture with more than 26 years "hands-on" experience in leading teams & growing businesses, through marketing alliances, joint ventures, manufacturing & acquisitions.
Dr. Bina Modi Chairperson and Managing Director
Ms. Charu Modi Executive Director
Mr. Samir Kumar Non-executive and Non-independent Director
Ms. Aliya Modi Non-executive and Non-independent Director
Mr. M. N. Thakkar Non-executive and Non-independent Director
Mr. Sunil K. Alagh Non-executive and Non-independent Director
Mr. Sanjay Buch Non-executive and Independent Director
Mr. S. Lakshminayaran, IAS (RETD.) Non-executive and Independent Director
Dr. Atchutuni L. Rao Director – Manufacturing, Operations & Safety
Category of shareholder No. of shares Holding (in %)
Promoter and Promoter group 1,42,63,475 62.13
Institutions (Including LIC) 24,67,786 10.75
Others 62,26,961 27.12
Total outstanding shares 25,958,225 100
The Company’s domestic as well as international business crossed the milestone of Rs 1000 crores revenue for the first time, in FY 2020-21
The Company’s Consolidated Income was up from Rs 2,236 Crores to Rs 2,441 Crores in the year under review, increasing by 9% y-o-y. The Consolidated Profit before Tax for the year stood at Rs 141 Crores against Rs 66 Crores for the Previous Year - an increase of 114% y-o-y.
The Company’s institutional business also grew substantially with the addition of key accounts during the year. The Company’s management focused on building long-term contracts with the institutional players, thereby sustaining revenues and profitability.
The long term growth prospects of the division remain promising, driven by Company’s Brand Equity, favourable climatic conditions and encouraging reforms introduced by the government. Initiatives like ‘Aatmanirbhar Bharat’ provide ample opportunity for us to grow and expand our operations going forward.