Coromandel International

What Coromandel International does

Coromandel International Limited (NSE: COROMANDEL) is a publicly-listed Indian agri-solutions provider and part of the Murugappa Group, headquartered in Secunderabad, Telangana. Founded in 1961 (with predecessor operations dating to 1906), the company operates 18 manufacturing facilities across India and abroad, employing 13,650 people globally, and recorded FY26 consolidated revenue of ₹31,480 crore (~$3.7B USD). It is India's largest private sector phosphatic fertilizer company and the world's largest neem-based bio-pesticide manufacturer, with 62-country crop protection registrations and a presence in 80+ countries. Its product portfolio spans Crop Nutrition (complex NPK, DAP, SSP, urea, organic and nano fertilizers under Gromor, GroShakti, Godavari brands), Specialty Nutrients (water-soluble Fertinex, Acumist, Fitsol, Sulphamax for fertigation and foliar application), Crop Protection (insecticides, fungicides, herbicides, plant growth regulators), Bio Products (Neemazal, Abda biostimulants, biocontrol agents), and adjacent retail and digital services.

The business model is anchored in B2B fertilizer manufacturing and B2C distribution through India's largest agri-retail chain of 1,200+ Gromor stores, serving 3 million farmers directly and 2 crore (20 million) farmers through broader channels. Roughly 70% of revenue is driven by government-subsidized fertilizer volumes under the Nutrient-Based Subsidy (NBS) regime, with crop protection, specialty nutrients, and bio-products operating on market pricing. Go-to-market combines direct farmer engagement (Gromor Gram initiative in 101 villages, drone spraying services via 275 DGCA-certified pilots across 7 states), dealer networks, FPO partnerships (Samunnati MoU), and digital advisory (Gromor Nutri-Connect app, soil testing via ICP-OES/ED-XRF labs). Backward integration into rock phosphate mining (BMCC Senegal), phosphoric acid (Foskor, Tunisia JV), and drone technology (Dhaksha Unmanned Systems) insulates raw material costs and supports competitive positioning. The company has executed recent acquisitions of NACL Industries (53% stake, ₹820 crore) and is penetrating specialty chemicals, CDMO, and green ammonia (SECI agreement) as adjacent verticals.

Core differentiation rests on proprietary technology — Smart Signalling Technology in water-soluble fertilizers, polymer-encapsulated nano DAP/urea developed at IIT Bombay-Monash Academy, patented insecticides (Prachand with ISK Japan), and patented biostimulants (Abda) — supported by 11 Indian patents held by CTO Dr. Amit Rastogi. AI is deployed in process optimization (16 production ML models across plants via AVEVA), predictive pest detection, and crop advisory through soil testing data, though not as a core revenue driver. The combined positioning is as a vertically integrated, science-led, government-aligned agri-input platform with deep farmer relationships and expanding adjacencies into specialty chemicals and AgTech.

Name

Coromandel International

Legal name

Coromandel International Ltd.

Website

https://coromandel.biz

Company type

Public

Founded year

1906

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Coromandel International is India's largest private-sector phosphatic fertilizer company and the world's largest neem-based bio-pesticide manufacturer, producing fertilizers, crop protection, specialty nutrients, and bio-products, serving 3 million farmers directly through 1,200+ Gromor retail stores and 20 million farmers via broader channels.

Ownership category

akta.pro rank

Product category

Agricultural Fertilizers & Crop Protection

NAICS

Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Fertilizer and Compost Manufacturing (32531), Pesticide and Other Agricultural Chemical Manufacturing (32532), Nitrogenous Fertilizer Manufacturing (325311)

SIC

Agricultural Chemicals (2870), Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Fertilizer & Nutrient Retail (Dry, Liquid, Blends) (AFABAJAF)

akta.pro secondary industries

Agrochemical & Fertilizer Wholesale Distribution (AFABAJAC), Crop Protection Product Retail (Herbicides/Insecticides/Fungicides) (AFABAJAE), Agronomy Advisory & Field Services (Retailer-Affiliated) (AFABAJAH)

Keywords

• Complex fertilizers
• Crop protection chemicals
• Specialty plant nutrients
• Bio pesticides
• Agricultural retail services

Headquarters

HQ city

Secunderabad

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fertilizer Sales: Sales of complex fertilizers (NPK, DAP, SSP, Urea) as India's largest private sector phosphatic fertilizer company. Revenue heavily influenced by government nutrient-based subsidy regime. FY26 standalone revenue ₹30,531 crore.
2. Crop Protection Chemicals: Production and sale of insecticides, fungicides, herbicides, and plant growth regulators. Second largest manufacturer of Malathion in India. Strong export presence in 62 countries. FY26 crop protection segment showed 16% revenue growth and 55% profitability increase.
3. Specialty Nutrients: Water-soluble fertilizers, micronutrients, and specialty formulations for precision agriculture. Products include Acumist, Fitsol, Sulphamax, and crop-specific formulations.
4. Bio Products: Azadirachtin-based bio-pesticides, biostimulants, and organic fertilizers. World's largest neem-based bio-pesticide manufacturer with presence in 40+ countries.
5. Retail Operations: Gromor rural retail chain with 1200+ stores offering complete agri-input products and services to 3 million farmers.
6. Government Subsidies: Revenue heavily dependent on government fertilizer subsidies under Nutrient Based Subsidy scheme. FY26 subsidy expenditure of ₹2.11 trillion. Government provides financial support to ensure affordable fertilizer access for farmers.
7. Drone Services: Gromor Drive drone spraying services for precision agriculture applications, serving farmers across 7 states.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Coromandel International manufactures and sells agricultural inputs including complex fertilizers (NPK, DAP, SSP, urea), specialty nutrients (water-soluble fertilizers, micronutrients, nano fertilizers), crop protection chemicals (insecticides, fungicides, herbicides, plant growth regulators), bio products (neem-based botanical pesticides, bio-insecticides, biostimulants), and organic fertilizers. The company operates India's largest agri-retail chain with over 1,200 Gromor stores serving 3 million farmers directly, complemented by drone spraying, soil testing, and digital advisory services.

Product overview

Coromandel International operates as a comprehensive agri-solutions provider offering a broad portfolio of physical products organized into five interconnected verticals: Crop Nutrition (fertilizers including Complex/NPK, SSP, Urea, DAP, and MOP under brands GroShakti, GroPlus, Gromor, and Godavari), Specialty Nutrients (water-soluble fertilizers and micronutrients including Acumist, Fitsol, Acuspray, Gromor Power, and Sulphamax brands for fertigation and foliar application), Crop Protection (insecticides such as Toscee, Marvex, Prachand, Astra; fungicides including Hexastop, Jatayu, Lancia; herbicides such as Eezykil Ultra, Victini-Z, Rukawat; and plant growth regulators Arithri, Fantac Plus, and Platina), Bio Products (neem-based botanical insecticides Neemazal F, Neemazal T/S, Avana, CoroIndika, Azamax, Azactive; biological products CoroBT, CoroTricho, EPN VYUH; biostimulants Abda, Abda Gold, Abda Foliar, Abda Drip, CoroShakti; and the Gromor Natural e-commerce range including CoroGold, CoroRatna, CoroAza, CoroActive, Quite for home and garden), Nano Fertilizers (Gromor Nano DAP and Gromor Nano Urea using polymer-encapsulated nano-sized particles for improved nutrient efficiency), Organic Fertilizers (Godavari Gold, Godavari Ncake, Godavari Phosgold, Godavari Trigold, Godavari Karbon, Gypsum), and Retail/Services (Gromor Rural Retail chain with 1,200+ stores, Gromor Drive drone spraying services with 249 drones, Soil & Leaf Testing laboratory with ICP-OES technology, Gromor Nutri-Connect digital advisory platform, Crop Schedules online tool, and CoroCare specialty Crop Protection stores). The Gromor brand serves as the overarching consumer-facing brand across most products, while Godavari is used for organic and specialty fertilizer lines. Services are delivered through a network of rural retail outlets, drone pilots, and a digital platform, creating an integrated farm-to-harvest solution ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• Gromor: Primary retail brand for agri-input products and services including fertilizers, crop protection, and farm advisory
• Godavari
• Paramfos
• GroShakti Plus
• GroShakti
• GroPlus Pro Mg
• GroAlpha
• Grosmart
• Gromor Suraksha
• Gromor Natural
• Fertinex
• Gromor Nano DAP
• Gromor Nano Urea
• Neemazal
• Avana
• CoroIndika
• Azamax
• Azactive
• Abda
• Coroshakti
• Acumist
• CoroCare

Products and services

• Gromor & GroShakti Complex Fertilizers (NPK, DAP, SSP, Urea, MOP) Balanced complex fertilizers (NPK, DAP, SSP, Urea, MOP) under the Gromor, GroShakti, GroShakti Plus, GroPlus, GroAlpha, and Godavari brands. Sold to Indian farmers for primary nutrient delivery across crops; includes EnPhos Technology, Micronized Sulphur Technology, and zinc-fortified variants.
• Specialty Nutrients & Water-Soluble Fertilizers (Acumist, Fitsol, Gromor Power, Sulphamax, Acuspray) Specialty nutrient products for fertigation and foliar application including Acumist (calcium and zinc), Fitsol crop-specific water-soluble fertilizers (grapes, banana, sugarcane, pomegranate, solanaceae), Gromor Power grades, Sulphamax, Bosmax, Acuspray, Sponta, Insta, Superia, Folibor, and Novozin. Fertinex line uses proprietary Smart Signalling Technology. Sold to progressive and horticulture farmers for precision nutrition.
• Nano Fertilizers (Gromor Nano DAP and Gromor Nano Urea)

Quantifiable outcome

• Record standalone revenue ₹30,531 crore and consolidated revenue ₹31,480 crore for FY 2025-26
• +6 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Samunnati Agri Value Chain SolutionscoreStrategic or Co-development Partner · 9 June 2026MoU to supply, promote, and distribute agri-inputs to Farmer Producer Organisations (FPOs) across India. Leverages Samunnati's FPO network for expanded market access. Samunnati Finance may provide financial assistance to eligible FPOs for procuring Coromandel products.
• IICARE FoundationminorStrategic or Co-development Partner · 4 June 2026MoU for Jawali Integrated Watershed, Agro-Forestry, Nursery and Landscape Restoration Programme in Phaltan taluka, Satara district, Maharashtra. IICARE serves as primary implementation partner while Coromandel provides technical expertise in agronomy, soil management, and crop suitability.
• IIT Madras Research ParkcoreTechnology or Integration · 12 January 2026MoU to establish Corporate Research Centre at IITM Research Park. Hub for joint research programmes, technology incubation, talent development, and international collaboration focused on crop nutrition and advanced agri-inputs. Partnership aims to translate cutting-edge science into scalable technologies.
• NACL IndustriescoreStrategic or Co-development Partner · 12 March 2025Acquisition of 53% stake in NACL Industries for ₹820 crore completed in 2025. Includes share purchase from KLR Products Ltd and open offer for additional 26%. Makes Coromandel the third-largest player in India's crop protection business. Subsidiary returned to profitability with 28% revenue growth in FY26.
• Sakarni Plaster for phosphogypsum-based building materialsminorStrategic or Co-development Partner · 1 January 2025Joint venture for phosphogypsum-based green building materials as part of sustainable business initiatives.
• Baobab Mining and Chemicals Corporation (BMCC), SenegalcoreStrategic or Co-development Partner · 1 January 202271.5% stake acquisition in Senegal-based BMCC for rock phosphate mining. Strategic backward integration to secure raw material supply and reduce import dependence from 65% to 40%.
• Yanmar and Mitsui (Japan)coreStrategic or Co-development PartnerJoint venture for farm mechanization solutions providing technologically superior machinery on affordable rentals through Custom Hiring and Service Centres acting as farm machinery banks.
• Kaveri UniversityminorStrategic or Co-development PartnerCollaboration as part of industry-integrated learning ecosystem. Partnership includes IBM, TAFE, Netafim Irrigation, and Kaveri Seeds for B.Sc Agriculture and AgriTech programmes.
• Dhaksha Unmanned SystemscoreStrategic or Co-development PartnerMajority stake acquisition in drone company for entering drone manufacturing and expanding Agtech footprint. Backend technology partner for Gromor Drive drone spraying services.
• Foskor, South AfricacoreStrategic or Co-development PartnerStrategic investment for sourcing phosphoric acid. Joint venture plant commissioned in Tunisia for phosphoric acid manufacturing.
• SECI (Solar Energy Corporation of India)minorStrategic or Co-development PartnerGreen ammonia supply agreements under National Green Hydrogen Mission SIGHT Programme. Jakson Green supplying green ammonia to Coromandel's Kakinada facility under ₹465 million deal. Part of decarbonization of fertilizer value chain.

Scale indicators16 records

Recent moves17 records

Expansion highlights7 records

Direct peers

• Chambal Fertilisers and Chemicals: India's largest private-sector phosphatic fertilizer producer by volume, directly competing with Coromandel in DAP, NPK, and urea. Operates similar subsidy-driven fertilizer economics and competes for the same Indian farmer base through dealer networks.
• Indian Farmers Fertiliser Cooperative (IFFCO): Cooperative giant in Indian fertilizer manufacturing and distribution, dominating urea, DAP, and NPK. Competes head-to-head with Coromandel in subsidized fertilizer sales and agri-retail touchpoints across India.
• UPL Limited: India's largest agrochemical manufacturer with global crop-protection footprint, directly competing with Coromandel in insecticides, fungicides, and herbicides, and also competing for specialty nutrient share through biosolutions.
• PI Industries: Leading Indian agrochemical and custom synthesis player competing with Coromandel in crop-protection chemicals, with overlapping patented formulations and global registrations. Comparable in moving from commodity fertilizers/specialty to branded crop protection.
• Tata Chemicals: Indian fertilizer and specialty-chemical manufacturer with overlapping crop-nutrition portfolio (including customized fertilizers) and similar backward integration in salts/sulphur. Comparable buyer of phosphate and operator of subsidy-driven nutrient sales.
• Dhanuka Agritech: Indian agrochemical company specializing in insecticides, fungicides, herbicides, and plant growth regulators, with a comparable India-wide dealer distribution and farmer advisory model and direct overlap to Coromandel's Gromor Suraksha and crop-protection lines.
• Deepak Fertilisers and Petrochemicals Corporation: Indian manufacturer of nitrogenous fertilizers, complex fertilizers, and specialty chemicals with direct overlap to Coromandel in NPK grades, technical ammonium nitrate, and downstream specialty chemical products.
• Gujarat State Fertilizers & Chemicals (GSFC): Public-sector Indian fertilizer player competing in DAP, urea, and complex fertilizers, with notable presence in agro-marketing and rural distribution comparable to Coromandel's dealer-led GTM model.

Broad incumbents

• Bayer Crop Science (India): Global crop-protection major with a large Indian subsidiary competing across the same insecticide, fungicide, and herbicide categories as Coromandel. Serves Indian farmers through agriculture-focused retail and digital advisory comparable to Gromor Nutri-Connect.
• Syngenta India (Syngenta Group): Global crop-protection and seed leader with strong Indian presence, directly overlapping Coromandel in patented crop-protection chemistry, insecticides, and emerging bio-control offerings, often partnering or competing with Indian fertilizer manufacturers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/coromandel_int
• Facebookfacebook.com/coromandelinternational
• LinkedInlinkedin.com/company/coromandel-international-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A5 records

Investments1 record

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

Frequently asked questions about Coromandel International