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Indofil Industries Limited
Kalpataru Square - 4th floor, Kondivita Road,
Off Andheri Kurla Road, Andheri (East),
Mumbai 400059.
Maharashtra, India.

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  • About Us

Mr. R. K. Malhotra - Group CEO

It gives me immense pleasure to welcome you to Indofil Industries Ltd.

We at Indofil believe in the philosophy of a robust profitable growth resting on the solid foundation laid out on the principles of Transparency, Togetherness and Trust.

Transparency builds confidence which is critical for long term success. Togetherness ensures team work and lesser chances of committing errors and Trust ensures that everyone is committed towards a common goal.

Mr. Narendra Rane
Chief Operating Officer 

These principles have helped us in bringing forth harmony amongst the employees which has helped in developing a culture that prioritizes people above everything else. There is no better testimony to this fact than the accolades achieved in the Great Places to Work survey by Economic Times where we were ranked amongst the best companies to work for in India (ranked 45th) & were recognized as the Industry's Best in the manufacturing & production sector. This is a crowning glory for our efforts and we are now fully motivated to achieve our goal of 2 billion dollar valuation by the year 2022.

The fiscal year 2019-20 was a challenging year on many fronts, where Indofil demonstrated the capabilities of its resilient business model. It was a year of consolidation, transformation, strategic decisions and being future ready. Against a backdrop of extraordinary circumstances where challenges were profound, we are proud of what our company has achieved.

Further, we also adopted stringent working capital management practices and steps to strengthen our governance framework. We have taken small steps such as implementation of credit control and half-yearly balance confirmations to ensure smooth process management and to create a stronger balance sheet.

On the financial front, our consolidated revenue from operations marginally degrew by 1.3% to Rs. 2,236 Crore in FY 19-20 as compared Rs. 2,264 Crore in FY 18-19. The cost of shifting the Thane plant along with fixed cost of our three manufacturing units weighed significantly on our profit.

The year gone by (FY 20) saw some adverse weather conditions & poor produce prices in Domestic Markets and increased stress on working capital due to delayed collections. In-spite of these challenges, we have managed to perform well in this business by launching a few new products as well as have managed to register a good growth in domestic business.

We continue to focus on building stronger relationship with our customers and farmers by empowering them with right product mix while also focusing on achieving higher operational excellence and optimizing cost to ensure profitable and sustainable long-term growth.

In the International market, the volume growth was quite strong, especially in Brazil, which saw volumes surging a few times compared to the previous year. Besides, the business also saw some recovery in the African and Asian markets, which had seen a downturn last year. The European market remained fairly stable in line with the overall Agrochemical market in Europe. The global sanctioning of some of the Middle Eastern markets also affected our business revenues from these markets. Due to the overall demand-supply situation for Mancozeb, pricing pressures have been quite strong over the last two years. Even in case of our key markets such as Brazil, large-scale channel inventories had led to increased competition and an overall reduction in pricing across the market.

We launched new products under IndoLife Super Specialities by collaborating with our overseas partners. The business has innovated by looking at the online e-commerce platforms for the sale its products, apart from the existing sales channels. This has opened a new channel for sale of our products.

Our specialty and performance chemical business vertical - Indofil Innovative Solutions put on a good performance in the face of many challenges.  We have enhanced our manufacturing capability with a new unit at Dahej. Along with a highly qualified and well-experienced sales team, our application technology teams are working closely with customers in the leather, coating, textile and plastics industries. While we aim to grow our businesses with some steep targets, the ulterior objective has always been to grow with a clear focus on the values that we hold dear, especially the success of our customers.

On the manufacturing front, the focus has been on maintaining the highest EHS standard and improving process efficiencies. Now all our effluent parameters such as BOD, COD, pH, TSS are monitored online. We have also implemented online EHS Management system for incident reporting and investigation, ensuring legal compliances and health monitoring of employees.

On the R&D front, the focus has been on developing cost effective, safe processes for new products that are in the pipeline to be introduced in our facilities at Dahej. Our R&D team is also involved in improving the existing processes and subsequently improving the yield of the products.

Our Growth Office has been fuelling Indofil’s growth (both organic & inorganic) with continuous data mining and analytical support. The team is also functional in planning and coordinating the business plan across divisions in order to make it robust and fruitful.

The investment guru Warren Buffett once remarked, "Someone's sitting in the shade today because someone planted a tree a long time ago", when asked about the importance of planning ahead. Likewise, at Indofil, we believe in looking ahead and not just plan, but act towards it.

To take this forward, we are now entering a new phase of Sowing the Seeds of Sustainability”  for Indofil. In this phase, we will be focussing on Deriving Synergies from Collaboration, People as First, Exploring Opportunities, Empowering Farmers and Enhancing Capabilities. More about it can be read in Our Annual Report  for FY19-20.

Indofil's success story would not have been possible without the contribution of our customers and dedicated employees who have partnered us in our incredible journey so far. We look forward to continue serving them and all our stakeholders in the future too. We appreciate the ongoing support received from all our well-wishers and we pledge to continue with our efforts to excel and exceed their expectations.

Leading the change with a renewed focus on plant nutrition, plant health and plant immunity, our range of superior quality products are aimed at ensuring better productivity, delivering healthy return on investment and setting new standards in the industry.

To be successful, we don't have to do different things. We just have to do things differently like responding to an ever changing market - not only to survive but to thrive and prosper!

Keeping Customer Success at the core of our operations, we are perfectly poised to expand and grow, thereby sowing the seeds of sustainability, for today and tomorrow.

I hope our corporate portal creates an opportunity for our valued visitors around the world to learn more about our strategies, financial performance, cutting- edge technology, operations, services, sustainability initiatives and values.

Wish you and your family all the safety, happiness and prosperity!