Indagro

What Indagro does

Indagro is a privately owned, Geneva-headquartered international fertilizer trading business established in 1981, with origins dating to a 1963 office in Istanbul. The company buys, loads, and delivers fertilizers and raw materials globally, serving three core customer segments: fertilizer producers, importers, and distributors. It claims a customer base of 300+ long-term customers supported by relationships with 80+ world-class producers.

The company's product portfolio spans the full fertilizer value chain across five categories: nitrogen products (Urea, Ammonium Nitrate, Calcium Ammonium Nitrate, Ammonium Sulphate, Ammonium Sulphate Nitrate), phosphates (DAP, MAP, TSP, SSP), potash (MOP, SOP), compound NPKs of various grades, and raw materials (Rock Phosphate, Sulphur, Sulphuric Acid). Beyond physical trading, Indagro offers integrated services including ship chartering for dry and liquid fertilizers (with 40+ years of chartering experience via an exclusive brokerage partnership), specialized credit facilities and financing, risk management, and production technology optimization with particular depth in phosphate-related processes. Owned physical infrastructure includes a Panamax-capable import-export terminal in Odessa and a bulk unit in Volos, Greece.

Indagro operates through 3 wholly-owned subsidiaries, 2 service providers, and marketing representatives across 9+ jurisdictions (Switzerland, Greece, Ukraine, USA, Singapore, Brazil, India, with origins in Turkey). Revenue is generated through trading margins, transaction fees on logistics/chartering, and financing-related fees; pricing is not publicly disclosed and is negotiated per transaction. The company runs on a lean 11-50 employee base, reflecting a relationship-driven B2B trading model rather than a high-touch services or technology model.

Name

Indagro

Legal name

Indagro SA

Website

https://indagro.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Indagro is a Geneva-based, privately owned fertilizer trading business established in 1981 that buys, loads, and delivers fertilizers and raw materials globally, serving 300+ producers, importers, and distributors with logistics, financing, and risk management services.

Ownership category

akta.pro rank

Product category

Fertilizer Trading

NAICS

Fertilizer and Compost Manufacturing (32531)

SIC

Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines) (AFABABAH)

akta.pro secondary industries

Nitrogen Fertilizers (Ammonia, Urea, UAN, Ammonium Nitrate/Sulfate) (AFABABAA), Potash Fertilizers (MOP/SOP) (IMAEAEAC), Fertilizer & Potash Terminals (TLAHABAF)

Keywords

• Fertilizer trading
• Mineral fertilizers
• Vessel chartering
• Bulk logistics
• Commodity financing

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Fertilizer Trading: The company buys, loads and delivers fertilizers and raw materials globally, generating revenue through margins on commodity trades. This is the primary revenue stream based on international trade of fertilizers.
2. Logistics and Shipping Services: Chartering vessels in the spot market for transportation of dry and liquid fertilizers. Revenue generated through shipping logistics and vessel chartering services.
3. Financing Solutions: Managing specialized credit facilities and providing financing solutions to producers, importers and distributors. Revenue likely generated through interest or fees on financial arrangements.
4. Technical Consulting: Production technology expertise offering optimization and quality improvement solutions, especially in phosphate-related processes.

Go-to-market motion1 record

Distribution channels3 records

Core offering

Indagro is a privately owned Geneva-headquartered fertilizer trading business that buys, loads, and delivers mineral and chemical fertilizers and raw materials worldwide. It complements physical trading with ship chartering for dry and liquid fertilizer cargoes, structured credit and financing facilities, risk management services, and technical consulting on production technology — particularly phosphate-related processes. The company also operates its own bulk units and fertilizer-handling terminals, including the FSU's first bulk fertilizer-handling terminal.

Product overview

Indagro is a global, privately owned fertilizer trading business established in Geneva, Switzerland in 1981, with origins dating back to 1963 in Istanbul. The company operates a diversified portfolio of fertilizer products organized across five main categories: Nitrogen products (Urea, Ammonium Nitrate, Calcium Ammonium Nitrate, Ammonium Sulphate, Ammonium Sulphate Nitrate), Phosphates (DAP, MAP, TSP, SSP), Potassium (MOP, SOP), Compound fertilizers (NPKs of various grades), and Raw Materials (Rock Phosphate, Sulphur, Sulphuric Acid). Beyond product trading, Indagro offers integrated services including logistics and ship chartering for dry and liquid fertilizers, specialized credit facilities and financing solutions, risk management, and production technology optimization with expertise in phosphate-related processes. The company operates the first privately-owned bulk fertilizer-handling terminal (FSU) and maintains a global network through subsidiaries and representative offices across Switzerland, Greece, Ukraine, USA, Singapore, Brazil, and India.

Differentiator

Problem solved

Functional benefit

Products and services

• Nitrogen Fertilizers

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Exclusive Brokerage Firm (Unnamed)coreChannel Partner/ Reseller/ DistributorPartnership with an exclusive brokerage firm for chartering vessels in the spot market. This exclusive partnership allows Indagro to respond quickly to changing client needs and secure the most appropriate available vessels, optimizing costs and operational efficiency for fertilizer transportation.

Scale indicators8 records

Recent moves15 records

Expansion highlights4 records

Direct peers

• Helm AG: Germany-based global fertilizer and crop-protection distributor/trader with a similar mid-size private, multi-nutrient focus and integrated logistics operations in Europe and emerging markets.
• Trammo: US-based private global commodity trader with a significant fertilizer (nitrogen, phosphate, potash) and freight business; comparable in combining physical trading with ship-owning/chartering activities.
• Keytrade AG: Swiss-headquartered private fertilizer and raw-materials trading house with a comparable multi-nutrient, multi-region focus and reliance on long-term producer relationships.
• Ameropa: Swiss-based private fertilizer trader founded in 1948, with a comparable global trading model spanning nitrogen, phosphate, potash, and raw materials, plus integrated logistics and financing — the closest structural twin to Indagro.
• Transammonia: Swiss-based private trader of fertilizers, petrochemicals, and LPG with similar mid-sized private structure, multi-nutrient portfolio, and emphasis on physical trading and shipping logistics.

Broad incumbents

• Nutrien: World's largest crop inputs provider, formed from PotashCorp and Agrium, producing and trading nitrogen, phosphate, and potash globally — operates as an integrated incumbent across Indagro's entire trading universe.
• Louis Dreyfus Company: Major privately held global commodity merchant with a fertilizer and inputs trading arm; comparable only at the margin given its broader agricultural-commodities focus, but operates in the same B2B fertilizer trading space.
• OCI Global: Dutch-based global producer and trader of nitrogen fertilizers and methanol with significant European and US production assets; competes with Indagro on the trading and distribution side at much larger scale.
• ICL Group: Israeli specialty fertilizer and phosphate-based products producer with global trading operations; comparable phosphate-process expertise but as a public integrated producer rather than a pure trader.
• Yara International: Norwegian global nitrogen fertilizer producer and trader with extensive production, trading, and distribution footprint — overlaps with Indagro on the global fertilizer trading side but operates at much larger, integrated scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Indagro