The Indogulf Group

What The Indogulf Group does

The Indogulf Group, operating through its legal entity Indogulf Cropsciences Limited, is an Indian agrochemical manufacturer and exporter founded in 1993 and headquartered in New Delhi. Originally incorporated as Jai Shree Rasayan Udyog Limited, the company rebranded in 2015 and listed on the Bombay Stock Exchange in August 2025. It operates three business verticals: crop protection (insecticides, herbicides, fungicides, plant growth regulators), plant nutrients, and biologicals (biostimulants and biofertilizers). The company manufactures its 259-product portfolio across multiple formulations including water dispersible granules, suspension concentrate, capsule suspension, ultra low volume, emulsion in water, soluble granules, and flowable suspension, produced at four manufacturing facilities spanning approximately twenty acres in Haryana and Jammu & Kashmir.

The company generates revenue through four channels: domestic brand sales via 5,772 distributors, institutional sales to 169 B2B partners (government bodies, large-scale farms, research institutions), international exports through 129 overseas partners across 34+ countries in Asia, Africa, Europe, and the United States, and contract manufacturing for other agrochemical companies. It sells primarily through a sales-led go-to-market motion with a field sales force of 254 marketing employees, supported by digital ordering platforms, training programs, exhibitions, and publication channels. Regulatory infrastructure includes 114 valid product registrations across 17 foreign countries, 50 UN certifications for international shipping, and 3 process patents granted since Fiscal 2019.

The company holds ISO 9001, ISO 14001, ISO 45001 certifications alongside GMP, REACH, FAMI-QS, Ecocert, OMRI, and NABL accreditations, enabling access to both domestic and regulated international markets. Strategic partnerships with ICAR-IARI, IIRT, Zade Biosciences, and various agricultural universities support R&D and toxicological studies. The company is led by Chairman Om Prakash Aggarwal and Managing Director Sanjay Aggarwal, both with over 30 years of industry experience, and operates through wholly-owned subsidiaries in Australia and India.

Name

The Indogulf Group

Legal name

Indogulf Cropsciences Limited

Website

https://groupindogulf.com

Company type

Public

Founded year

1993

Operating status

Ipo

Headcount range

501–1,000 employees

Short description

Indogulf Group is an Indian agrochemical manufacturer (founded 1993) producing crop protection, plant nutrition, and biological products across 259 SKUs. It sells through 5,772 domestic distributors and 129 overseas partners in 34+ countries, and listed on BSE in August 2025.

Ownership category

akta.pro rank

Product category

Agrochemicals

NAICS

Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Pesticide and Other Agricultural Chemical Manufacturing (32532), Chemical and Allied Products Merchant Wholesalers (4246)

SIC

Agricultural Chemicals (2870), Wholesale-Chemicals & Allied Products (5160), Industrial Organic Chemicals (2860)

akta.pro primary industry

Crop Protection Formulations (EC, SC, WG, WP, SL) (AFABAIAA)

akta.pro secondary industries

Crop Protection Chemicals (Herbicides/Insecticides/Fungicides) (IMAEAEAI), Custom Synthesis & Technical Active Ingredient (AI) Manufacturing (intermediates, actives) (AFABAIAI), Private Label & White-Label Agrochemical Manufacturing (AFABAIAH)

Keywords

• Crop protection chemicals
• Agrochemical manufacturing
• Plant nutrients biologicals
• Agricultural input products
• Insecticides herbicides fungicides

Headquarters

HQ city

Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Crop Protection Products: Manufacture and market extensive range of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators in various formulations
2. Plant Nutrients & Biologicals: Biostimulants, plant supplements, and biologicals for improving crop yield and promoting sustainable agriculture
3. Contract Manufacturing: Customized manufacturing and formulation services for other companies in the agrochemical industry
4. Institutional Business: Sales to government bodies, large-scale farms, research institutions, and agribusinesses with customized agrochemical solutions
5. Domestic Brand Business: Domestic brand sales through extensive distribution network of dealers and retailers
6. International Business: Export of agrochemical products including insecticides, fungicides, herbicides, fertilizers, plant growth regulators to over 34 countries

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

The Indogulf Group manufactures and markets a 259-product range of agrochemicals across three business verticals: crop protection (insecticides, herbicides, fungicides, plant growth regulators), plant nutrients (biostimulants and crop supplements), and biologicals (biofertilizers). Products are produced in multiple formulations (WDG, SC, CS, ULV, EW, SG, FS) across four manufacturing facilities and sold through a domestic distributor network of 5,772+ dealers and 129 international partners spanning 34+ countries. The company also provides contract manufacturing services for other agrochemical firms.

Product overview

Indogulf Group operates as a diversified agrochemical company with three business verticals: crop protection, plant nutrients, and biologicals. The company manufactures and markets an extensive range of products across multiple formulations including water dispersible granules (WDG), suspension concentrate (SC), capsule suspension (CS), ultra low volume (ULV), emulsion in water (EW), soluble granule (SG), and flowable suspension (FS). The product portfolio expanded from 198 products in Fiscal 2022 to 259 products in Fiscal 2024. Products are organized into crop protection (insecticides, herbicides, fungicides, plant growth regulators), biostimulants (Indo Apache, Gajab Ultra, Indo Mychoriza, Root-O-Max series, Picaso series), plant supplements (Zinc Super series, Sriculan series), and adjuvants (Ankur Gold). The company offers these through domestic brand business, institutional business, international business, and contract manufacturing services.

Differentiator

Problem solved

Functional benefit

Products and services

• Crop Protection Products (Insecticides, Herbicides, Fungicides, Plant Growth Regulators) Extensive range of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators manufactured in multiple formulations (WDG, SC, CS, ULV, EW, SG, FS) in powder, granule, and liquid forms. Distributed through 5,772+ domestic dealers and 129 overseas partners for pest, weed, and disease management across field crops, horticulture, and plantations.
• Biostimulants (Indo Apache, Gajab Ultra, Indo Breeza, Indo Biogold, Picaso, Root-O-Max series, etc.) Biostimulant product line including Indo Apache (used on potato and rice crops), Gajab Ultra (wheat crops), Indo Breeza, Indo Biogold, Indogulf B20, Jagromin-99, Picaso Gold, Picaso Ultra, Sona Shree 33, Sona Shree Gold, Root-O-Max Gold, Root-O-Max Ultra, Bactro Plus Gold, and Green Valley, designed to improve crop yield, plant health, root development, and stress tolerance.
• Plant Supplements (Green Plus 24/30/44, Zinc Super Gold/Plus, Sriculan Gold/Plus, Gajab Gold, Pradhan Topper) Plant nutrient supplements for crop nutrition and yield enhancement, including the Green Plus series, Zinc Super Gold and Plus, Sriculan Gold and Plus, Gajab Gold, and Pradhan Topper, providing macro and micronutrient supplementation across field and horticultural crops.
• Biofertilizers (Indo Mychoriza) Indo Mychoriza biofertilizer containing mycorrhizal fungi used on wheat and other crops to enhance nutrient uptake and soil biology.
• Ankur Gold Adjuvant Silicone-based super spreader and activator adjuvant that decreases water surface tension to enable rapid agrochemical absorption through stomata, reducing agrochemical wastage and improving field effectiveness when tank-mixed with crop protection sprays.
• Contract Manufacturing Services Customized agrochemical manufacturing and formulation services offered to other companies in the agrochemical industry, leveraging four manufacturing facilities with multi-formulation capability, regulatory compliance expertise, NABL-accredited quality systems, and timely delivery.
• Indo Apache 1025 Biostimulant (New Arrival 2025) Latest iteration of the Indo Apache biostimulant line launched in 2025 as part of the New Arrivals range, designed to improve crop yield and plant health under the biologicals vertical.
• COZZEETTE Fungicide (New Arrival 2025) Fungicide introduced in 2025 as part of the New Arrivals range for crop protection against fungal diseases.
• Respite Herbicide (New Arrival 2025) Herbicide launched in 2025 for weed control in crops.
• Deadly Insecticide (New Arrival 2025) Insecticide launched in 2025 for pest control across crops.
• Bloom Flower EW Plant Growth Regulator (New Arrival 2025) Plant growth regulator launched in 2025 for flowering and fruit development in crops.
• Dr. DEN and Giraffe Series Revolutionary product line introduced in May 2020 under the Dr. DEN and Giraffe Series branding for the crop protection category.

Quantifiable outcome

• Expanded from 198 products in Fiscal 2022 to 259 products in Fiscal 2024
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• ICAR-IARI (Indian Council of Agricultural Research - Indian Agricultural Research Institute)coreStrategic or Co-development Partner · 26 February 2026Indogulf Cropsciences partnered with ICAR-IARI for PMS Fellowship to advance agricultural research, supporting agricultural innovation and development
• IIRT (Indian Institute of Research and Technology)coreStrategic or Co-development PartnerStrategic collaboration for toxicological and chemical studies following international OECD protocols
• Zade BiosciencescoreTechnology or IntegrationCollaboration for toxicological and chemical studies following international OECD protocols
• ICRA InstitutescoreStrategic or Co-development PartnerPartnerships with ICRA institutes for research collaboration
• Agricultural Universities in IndiacoreStrategic or Co-development PartnerCollaborations with various agricultural universities across India for research and field studies
• Indogulf Cropsciences Australia Pty LtdcoreOthersSubsidiary company located in Australia helps get registrations in countries which require OECD registered products
• Abhiprakash Globus Private LimitedcoreOthersSubsidiary to expand market reach, drive growth, and open new avenues for business development in domestic and overseas markets while optimizing resource use and fostering healthy competition
• Xingbai GroupcoreStrategic or Co-development PartnerXingbai Group supported Indogulf Cropsciences to get registration for Abamectin Technical

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Dhanuka Agritech Limited: Indian-listed agrochemical company focused on formulations across insecticides, herbicides, fungicides, and plant growth regulators with pan-India distribution. Highly comparable business model, customer base (Indian farmers), and product breadth to Indogulf.
• Insecticides India Limited: Indian-listed generic crop protection formulations manufacturer with a strong domestic distribution network and technical + formulation manufacturing. Closely mirrors Indogulf's formulation-centric, dealer-led GTM and target farmer segments.
• PI Industries Limited: Indian-listed agrochemical company with custom synthesis/manufacturing plus branded formulations and significant exports. Comparable mix of technical manufacturing, contract services, and branded distribution makes it a relevant peer.
• Rallis India Limited: Tata-group crop protection and seeds company with pan-India distribution, formulation manufacturing, and contract research services. Operates in the same products, channels, and customer segments as Indogulf.
• Sumitomo Chemical India Limited: Indian-listed agrochemical subsidiary with domestic formulation manufacturing and a focus on insecticides, fungicides, and herbicides. Comparable formulation-portfolio approach and Indian farmer customer base.

Broad incumbents

• UPL Limited: India's largest agrochemical company with global presence in crop protection chemicals, seeds, and post-harvest solutions. Provides scale benchmark for international expansion and contract manufacturing economics relevant to Indogulf.
• Bayer Crop Science Limited (India): Subsidiary of global crop science major offering proprietary seeds, crop protection, and digital farming tools in India. Represents the multinational competitor benchmark for technology depth and regulatory capability.
• Syngenta India Limited: Indian arm of global agrochemical major with proprietary molecule portfolio and established distribution. Functions as a competitive benchmark for product innovation and international registration strategy.
• Corteva Agriscience India: Indian operations of global seed and crop protection major with proprietary chemistry. Competes for the same institutional and progressive-farmer customer segments as Indogulf's institutional business.
• Godrej Agrovet Limited: Diversified Indian agribusiness with crop protection, animal feed, and dairy verticals. Useful comparable for portfolio breadth and the optionality of moving into adjacent agricultural inputs (biologicals, plant nutrition).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/posts/indogulf-cropsciences-ltd_indogulfcropsciences-nationalprestigeawards-activity-7428003333891768320-jDu2
• Xx.com/IndogulfCrops
• Facebookfacebook.com/indogulfcropsciences

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Indogulf Group