About Us

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.

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.