The Indian fertiliser market reached a valuation of ₹ 858 billion in 2021. Having so much growth potential, it is a lucrative industry to be a part of. In this article, we have compiled a long list of the top 10 Indian fertiliser companies along with their share in the industry. With a Compounded Growth Rate of 4.8% year on year during 2022-2077, the fertiliser industry offers one of the most lucrative investment opportunities for new entrants in the industry as depicted in a report by the management consulting group IMARC.
Did you know? As per IMARC Group, The market valuation of the fertiliser Industry is expected to reach 1131 Billion by 2027.
Also Read: What are Some of the Most Profitable Businesses in 2023?
List of Top Indian Fertiliser Companies
1. Coromandel International Ltd.
Establishment: Early 1960
Headquarter: Hyderabad (Telangana, India)
Coromandel International Ltd. is India’s leading agri-solution provider, offering a diverse range of products such as fertilisers and bio-pesticides and services across the farming value chain. The company started its operation of fertiliser manufacturing at a small plant in Ranipet, Tamil Nadu in 1906. Since then, The company has evolved over the years to offer farm solutions and advisory services. They have a farmer-first approach and build a reputed brand among customers “Gromor”.
They are India’s largest private sector phosphatic fertiliser company and the world’s largest neem-based biopesticide manufacturer. They have one of the largest agri-retail chains in India with over 750 physical stores.
Coromandel International Ltd. is a listed company with a revenue of ₹16714 Cr. for the financial year 2021-22 as compared to the previous year's figure of ₹12200 Cr. with a 37% increase in the year.
2. National Fertilisers Ltd.
National fertiliser Ltd. is one of the best fertiliser companies and a Public Sector Unit started in 1974 to cope with the growing demand for chemical fertiliser created by the Green Revolution. It produces Urea, ammonia, and other industrial chemicals. The Central government holds the majority of the share in the company which stood at 74.71% with the rest being held by the general public.
The company is India's largest state-owned fertiliser company with an annual turnover of ₹ 75 crores. It is administered and controlled by the Ministry of Chemicals and fertilisers. It is the second largest producer of urea in India. The company has several urea plants in India in Nangal, Panipat, Vijaipur, and Bathinda.
By 1984, the company had an installed capacity of 7,26,000 tonnes of urea production. It was doubled in 1997 to 1.45 million of installed capacity. Due to its good performance, the government of India granted it the status of mini-navratna in addition to freeing it up for autonomy of its operation. Finally, National fertiliser Ltd. was listed on the BSE(Bombay Stock Exchange) and NSE(National Stock Exchange) in 2001.
The product range of the fertiliser company includes the manufacturing and marketing of urea, neem-based bio urea, biofertiliser both in liquid and solid state, and other allied industrial products like ammonia, sodium nitrate, ammonia nitrate, etc as a by-product.
3. Chambal Fertilisers and Chemical Ltd.
Headquarters: Kota, Rajasthan
This is one of the top fertiliser companies in India. Chambal Fertilisers and Chemical Ltd. were founded by Dr. K.K.Birla in the year 1985. Since then, the company has contributed to the food security of India. Its three urea fertilisers plants are located in Gadepan in the Kota district of Rajasthan with an annual installed capacity of 3.4 million metric tonnes of Urea production. These plants commenced operating in the years 1994, 1999, and latest being in 2019 respectively. The plants were built with the latest equipment and technologies from Japan, USA, and Denmark. The latest plant has one of the most effective capacities of 1.4 million metric tonnes capacity of urea production.
The company is listed on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) and is currently managed under the chairmanship of Mr. Saroj Poddar. It was also engaged in textile production and export businesses which were ultimately curtailed in the year 2017.
4. Rashtriya Chemicals and Fertilisers Ltd.
Headquarters: Mumbai, Maharashtra
Rashtriya Chemicals and Fertilisers Ltd. was established in 1978 from a reorganisation scheme for the Fertiliser Corporation of India. The Company manufactures urea and complex fertilisers along with a wide range of industrial chemicals. It is the 4th largest urea manufacturer in India.
The government of India holds the majority of the stake in the company which stood at 75% as per December 2018. The company has majorly two plants located both in Maharashtra. The Bombay unit manufactures urea, ammonia, and other industrial chemicals as a by-product. The Thal unit is located 100 km south of Mumbai and spread across 1200 acres of area which produces similar plants.
5. Zuari Agro Chemicals Ltd.
Founded in the year 1967 by industrialist Dr. KK Birla, Zuari Agro Chemicals Ltd. is a leading manufacturer of fertiliser and an exporter of farm nutrients and fertilisers outside India. The company also produces high-quality seeds, specialty fertilisers, micronutrients, and pesticides. It has an annual installed capacity of 9,46,000 metric tonnes of fertiliser production comprising four separate plants, namely NPK A, NPK B, Urea, and Ammonia. The company employs the latest technologies and equipment based on the slurry granulation process.
6. Gujarat Narmada Valley Fertilisers & Chemicals Ltd.
Founded in 1976 jointly by the Gujarat government and Gujarat State Fertilisers and Chemicals (GSFC). The company is located in the industrial belt of Bharuch and draws resources of land and industrially rich reserves from the area.
The company started manufacturing and marketing fertilisers only in 1982 with the largest single-stream ammonia-urea fertilisers complexes. The company has successfully established “NARMADA” as a brand in urea and nitro phosphate selling.
7. Deepak Fertilisers & Petrochemicals Corporation Ltd.
Headquarters: Pune, Maharashtra
Set up in 1979 as an ammonia manufacturer, the company has surpassed an annual turnover of one billion USD with a product portfolio of chemical production, bulk and specialty fertilisers, farming diagnostics and solutions, ammonium nitrate, and value-added real estate, which includes India’s largest concept of retail destination for home interiors & design.
The company has manufacturing facilities in Maharashtra, Haryana, and Andhra Pradesh from where it produces a wide range of Industrial chemicals and quality fertilisers.
8. Nagarjuna Fertilisers & Chemicals Ltd.
The company has expertise in manufacturing chemical fertilisers and has the single largest gas-based fertiliser project-based investment in India with an asset base of more than one billion USD.
Their operations could be allied into three major segments -
- Straight Nutrition Business
- Nutrition Solutions Business
- Nagarjuna Management Services
9. Mangalore Chemicals & Fertilisers Ltd.
The company is the largest producer of chemical fertilisers in the state of Karnataka. The manufacturing unit of the company is situated in Panambur, Mangalore, Karnataka with an installed capacity of 2,17,800 metric tonnes of Ammonia, 3,79,500 metric Tonnes of Urea, 2,55,500 metric tonnes, and 15,330 metric tonnes of Sulphuric acid production capacity. . It deals in fertilisers like urea, diammonium phosphate, liquid fertilisers, and a wide range of industrial chemicals. The other offices of the company are located in Kerala, Maharashtra, Tamil Nadu, AP, and Telangana.
It is privately owned by Adventz Group Company with a total stake standing at 53.03% as of March 2016 along with UB Group the other promoter. It was only in the year 1990 that the Karnataka government requested UB Group to undertake the other unit. Since then the company has shown substantial growth in revenue at 711 million USD.
10. Gujarat State Fertilisers & Chemicals Ltd.
Headquarters: Vadodara, Gujarat
Gujarat State Fertilisers and Chemical Ltd. is a public sector undertaking by the Gujarat government. It was founded in 1962 with the famous fertiliser brand “Sardar”. Over the decades, the company has transformed into multiple products like ammonia, urea, and a wide range of pharmaceutical chemicals used as raw material for medicines production in India. This is a top government fertiliser company.
From fertilisers to performance chemicals, polymers, and acrylic, the company’s product portfolio is diversified and continues to expand into new and emerging opportunities. The company is also featured in the fortune 500 companies list.
Also Read: Upcoming Business Ideas in India for 2023
Fertiliser production is one of the leading manufacturing activities in our economy with huge growth potential for the future. The industry is sufficient enough to meet the domestic demand for chemical and farm fertilisers and allied agro products. A large chunk of the fertilisers are also exported to other nations like Sri Lanka, and parts of Europe. The industry is also a source of India’s largest demand for industrial chemicals for product processing and treatments. Besides, petrochemicals, industrial chemicals from the fertiliser industry are also used as input for the pharmaceutical needs of our nation. We hope this article gave you an insight into the fertiliser business and helped you learn about the top fertiliser companies.
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