Journey of Coromandel International Limited

Incorporated in 1961, Coromandel International Limited is a part of Murugappa Group. The company is a well-known agricultural solutions provider in India. They work towards improving the lives of farmers and enhancing the ecosystem while creating value for all stakeholders. They provide a wide range of products and services across the farming value chain. Coromandel International Limited specialise in bringing forth high-quality primary, secondary and micro-nutrients, crop care solutions and biologicals. Coromandel International is one of the leading marketers of organic fertilisers and a comprehensive range of biopesticide solutions. They also contribute to the United Nations’ Sustainable Development Goals (SDGs), which concentrate on education, health, clean energy and sanitation. Coromandel International is the largest Neem-based Bio pesticide manufacturer in the world. They are also the largest private sector Phosphatic Fertiliser company in India. They have the largest Agri Retail chain with about 750 stores in India across Telangana, Andhra Pradesh, and Karnataka. The company has over 13,650 employees globally and partnered with more than 2 crore farmers.

Business Segments of Coromandel International Limited

The business operations of the company are categorised into two major segments:

• Crop Nutrition:Under this category, the company delivers fertilisers, speciality nutrients and organic fertilisers. They have 18 manufacturing facilities with a manufacturing capacity per annum for fertilisers of about 4.5 million tons.

• Crop Protection:Under this, the company delivers biopesticides, herbicides, fungicides, insecticides and plant growth regulators. They market these products all over the world. Coromandel International is the major Phenthoate manufacturer in Asia and the second largest Malathion manufacturer. Their product catalogue includes Parry Neem, Aaroosh, Astra, Mythri, Phendal, etc.

Coromandel International Limited has several subsidiaries, and a few of them are:

• Coromandel Chemicals Limited (CCL):This is a wholly-owned subsidiary of the organization, which was previously commonly referred to as Parry Chemicals Limited. This organization is involved in Polynet (Tuflex), General Marketing, Travel and Solar.
• Dare Ventures Limited (DVL):This organization core priorityes on investments in early-stage startups that offer technology-led solutions for complicated and long-term problems in the agriculture and related sectors.
• Coromandel Brasil Limitada (CBL):This organization is involved in getting product registrations in Brazil and securing orders for supplies from India.

Key Personalities of Coromandel International Limited

A Vellayan, Chairman A Vellayan, the Chairman of Coromandel International Limited, possesses extensive expertise in the Fertilisers Business, Financial Planning and General Management. He is also the Chairman of the Indian Institute of Management, Kozhikode. He holds directorship in Kanoria Chemicals & Industries Limited, Ambadi Investments Limited, and AMM Foundation.

Corporate Actions of Coromandel International Limited

• The stock’s face value split from ₹2 to ₹1, with an ex-date of December 23, 2010 and the record date was December 24, 2010.

SWOT Analysis of Coromandel International Limited

Strengths

• The enterprise of the organization is involved in the agriculture sector, which has continuous demand.
• The company delivers a wide range of products and strives to serve a large farmer base.

Weakness

• The organization is in the fertiliser enterprise and can face environmental concerns.

Opportunities 

• The organization can explore eco-friendly products, which will reduce the use of unsafe products by the farming community.

Threats

• The products offered by the organization are regulated, and so they need to comply with the regulations regularly.