GSP Corp
GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer producing insecticides, herbicides, fungicides, and plant growth regulators. The company serves farmers through 6,500+ distributors across 20 Indian states and exports to 37 countries.
- Company typePublic
- Founded1985
- HeadquartersAhmedabad, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What GSP Corp does
GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer founded in 1985 that produces crop protection chemicals across four core categories: insecticides, herbicides, fungicides, and plant growth regulators. The company listed on BSE and NSE in March 2026 following a Rs 400 crore IPO subscribed 1.61x, and serves farmers through a 6,500+ dealer-distributor network across 20 Indian states alongside exports to 37 countries. Founder Vrajmohan R Shah (1942–2022) established the business; current leadership comprises Bhavesh Shah as Chairman & Managing Director and Shail Shah as CFO, with promoter stake at approximately 74% post-IPO from ~98% pre-IPO.
The company operates in two segments—Formulations (ready-to-use products across delivery formats including EC, SC, WG, GR, SE, ZC, SL, FS, CS) and Technicals (active ingredients such as Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam). It runs five manufacturing facilities and two in-house R&D centres, and holds 102 granted patents with 108 applications pending and 524 agrochemical registrations across formulations and technicals as of September 2025. Branded launches in the recent period include Helipro and Ballot (CTPR-based crop protection products introduced in December 2022). Certification under RC 14001 Responsible Care underscores chemical management compliance.
GSP Crop Science generates revenue through agrochemical product sales distributed via multi-tier dealer-distributor channels serving primarily SMB and individual farmer customers across India and export markets. Pricing is not publicly disclosed; export revenue is supplemented by a wholly-owned Brazil subsidiary established in January 2023 to enter Latin American markets. FY25 revenue from operations stood at Rs 1,287.38 crore with net profit of Rs 81.42 crore, up 46.6% year-over-year.
GSP Corp firmographics
Firmographics- Name
- GSP Corp
- Legal name
- GSP Crop Science Limited
- Website
- https://gspcrop.in
- Company type
- Public
- Founded year
- 1985
- Operating status
- Ipo
- Headcount range
- 1,001–5,000 employees
- Short description
- GSP Crop Science Limited is an Ahmedabad-based agrochemical manufacturer producing insecticides, herbicides, fungicides, and plant growth regulators. The company serves farmers through 6,500+ distributors across 20 Indian states and exports to 37 countries.
- Ownership category
- akta.pro rank
GSP Corp industry classification
Industry- Product category
- Crop Protection Chemicals (Agrochemicals)
- NAICS
- Pesticide and Other Agricultural Chemical Manufacturing (325320), Pesticide and Other Agricultural Chemical Manufacturing (32532)
- SIC
- Agricultural Chemicals (2870)
- akta.pro primary industry
- Crop Protection Formulations (EC, SC, WG, WP, SL) (AFABAIAA)
- akta.pro secondary industries
- Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management) (AFABAIAL), Agrochemical & Fertilizer Wholesale Distribution (AFABAJAC)
Keywords
Where GSP Corp is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
GSP Corp business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Agrochemical Product Sales: Manufacturing and selling insecticides, herbicides, fungicides, and plant growth regulators. Revenue generated through domestic sales across 20 Indian states and exports to 37 countries. The company operates in two segments: Formulations and Technicals.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
GSP Corp product offering
Product offeringCore offering
GSP Crop Science Limited manufactures and sells agrochemical crop protection products in four core categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. The company operates two business segments — Formulations (ready-to-use products in multiple delivery formats) and Technicals (technical-grade active ingredients) — and sells through a network of 6,500+ dealer distributors across 20 Indian states, with exports to 37 countries. It is a publicly listed agrochemical manufacturer (NSE: GSPCROP) with 5 manufacturing facilities, 2 R&D centres, 102 granted patents, and 524 agrochemical registrations.
Product overview
GSP Crop Science offers a comprehensive agrochemical portfolio consisting of four core product categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. These are manufactured in both Technical and Formulation formats. The company operates two business segments—Formulations (ready-to-use products) and Technicals (active ingredients)—and holds 524 agrochemical registrations across formulations and technicals. Key branded products include Helipro and Ballot (CTPR-based crop protection products launched in India). The Formulation product line includes multiple delivery formats (EC, SC, WG, GR, SE, ZC, SL, FS, CS) while Technical products cover active ingredients like Thifluzamide, Azoxystrobin, Tebuconazole, Chlorantraniliprole, and Thiamethoxam. The company serves customers across 20 Indian states and 37 countries internationally.
Differentiator
Problem solved
Functional benefit
Brands
- Helipro: CTPR crop protection product launched in India
- Ballot
Products and services
- Insecticides
- Herbicides
- Fungicides
- Plant Growth Regulators (PGRs)
- Technical Products
- Formulation Products
- Helipro CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.
- Ballot CTPR-based crop protection product launched in India for farmers, providing effective pest control. Sold through GSP's dealer/distributor network.
- Specific Fungicide Products (Atal G, DroneX, Pledge and others)
- Specific PGR Products (Crazy Pro, Flute and others)
Quantifiable outcome
- Net profit growth of 46.6% YoY to ₹81.42 crore in FY25
Companies that use GSP Corp
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
GSP Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
GSP Corp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Brazil SubsidiarycoreGSP Crop Science established a subsidiary in Brazil in January 2023 to tap into Latin American markets and expand global presence.
Scale indicators9 records
Recent moves6 records
Expansion highlights4 records
GSP Corp competitors and assessment
Company assessmentBroad incumbents
- Syngenta Group: Global leader in agrochemicals and seeds, owned by ChemChina. Sets pricing benchmarks and product standards that smaller Indian players like GSP must compete against, particularly in export markets.
- Corteva Agriscience: Global agrochemical major offering crop protection seeds and digital solutions. While much larger, Corteva competes with GSP in the broader crop protection market and represents the kind of global incumbent GSP could partner with or compete against internationally.
Direct peers
- Bharat Rasayan: Indian agrochemical company manufacturing technical grade pesticides and formulations. Bharat Rasayan is a relevant peer for GSP given similar product categories and focus on both technicals and formulations.
- Sumitomo Chemical India: Subsidiary of Japan's Sumitomo Chemical manufacturing crop protection products in India. Direct peer with similar formulations portfolio and pan-India distribution across farmer channels.
- Sharda Cropchem: Indian-headquartered agrochemical company with strong global distribution across formulations and generic active ingredients. Comparable due to similar export-oriented business model selling to 80+ countries.
- UPL Limited: India's largest agrochemical company with a similar portfolio of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators. UPL competes head-to-head with GSP across formulations, technicals, and exports to global markets.
- PI Industries: Major Indian agrochemical manufacturer with strong R&D capabilities and a similar focus on crop protection chemicals. PI Industries is a relevant comp given its comparable scale, formulation portfolio, and international distribution footprint.
- Rallis India: Tata Group-owned Indian agrochemical company producing insecticides, fungicides, and herbicides. Rallis is a direct peer with similar domestic distribution and contract manufacturing business models.
- Dhanuka Agritech: Indian agrochemical company specializing in insecticides, herbicides, fungicides, and PGRs with strong distribution network across India. Dhanuka's product mix and domestic channel structure closely mirror GSP's.
- Insecticides India Limited: Indian agrochemical manufacturer with a focused portfolio of insecticides, herbicides, and fungicides. Comparable mid-cap peer with similar pan-India dealer network and branded formulation products.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
GSP Corp social profiles
Digital presenceGSP Corp compliance and trust
Trust signalCompliance1 record
GSP Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
GSP Corp leadership team
Management profileNumber of profiles
Profiles2 records
GSP Corp subsidiaries and ownership
Company hierarchySubsidiaries1 record
GSP Corp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GSP Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GSP Corp
What does GSP Corp do?
GSP Crop Science Limited manufactures and sells agrochemical crop protection products in four core categories: Insecticides, Herbicides, Fungicides, and Plant Growth Regulators. The company operates two business segments — Formulations (ready-to-use products in multiple delivery formats) and Technicals (technical-grade active ingredients) — and sells through a network of 6,500+ dealer distributors across 20 Indian states, with exports to 37 countries. It is a publicly listed agrochemical manufacturer (NSE: GSPCROP) with 5 manufacturing facilities, 2 R&D centres, 102 granted patents, and 524 agrochemical registrations.
Is GSP Corp a public or private company?
GSP Corp is a public company. It is classified as public and is currently ipo.
When was GSP Corp founded?
GSP Corp was founded in 1985. It employs 1,001 to 5,000 people.
Where is GSP Corp based?
GSP Corp is headquartered in Ahmedabad, India, in the Asia region.
How does GSP Corp make money?
One revenue line is on record: agrochemical Product Sales.
Who are GSP Corp's main competitors?
Broad incumbents on record are Syngenta Group and Corteva Agriscience. Direct peers are Bharat Rasayan, Sumitomo Chemical India, Sharda Cropchem, UPL Limited, PI Industries, Rallis India, Dhanuka Agritech and Insecticides India Limited.
Does GSP Corp have an API?
No public API is recorded for GSP Corp.
What industry is GSP Corp in?
GSP Corp's product category is Crop Protection Chemicals (Agrochemicals). Its primary akta.pro industry code is AFABAIAA, Crop Protection Formulations (EC, SC, WG, WP, SL), with a secondary code of AFABAIAL, Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management). Its NAICS code is 325320 and its SIC code is 2870.