Aries Agro
Aries Agro Limited, founded in 1969 and listed on the NSE, manufactures chelated micronutrients, water-soluble NPK, and specialty plant-nutrition products across 133 brands, distributing through 6,400+ outlets to about 9 million farmers in India and select international markets.
- Company typePublic
- Founded1969
- HeadquartersMumbai, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Aries Agro does
Aries Agro Limited, incorporated in 1969 in Mumbai, is one of India's established specialty plant-nutrition companies, publicly listed on the National Stock Exchange (NSE: ARIES) since 1994. The company manufactures micronutrients (with pioneering chelated-micronutrient technology since 1975), water-soluble NPK fertilizers, high-density (HD) crop inputs, slow-release fertilizers, organic and bio products, plant-protection agents, and aquaculture and animal nutrition products, organized under 133 brands across 6 manufacturing units with reported aggregate capacity of approximately 101,400 MT per annum. Its flagship Agromin and Chelamin franchises are widely recognized in Indian agronomy.
The company operates a B2B2C, distribution-led go-to-market model selling through a 6,400+ distributor network to roughly 9 million farmers across India, with extension into the UAE (via wholly-owned trading subsidiary Golden Harvest Middle East FZC, set up in 2004) and select South Asian markets including Nepal and Sri Lanka. Wholly-owned subsidiaries Aries Agro Equipments, Mirabelle Agro Manufacturing, and Aries Agro Care extend the platform into application equipment and advisory services. Leadership is family-controlled: Dr. Rahul Mirchandani has served as Chairman and Managing Director since 2017 (on the board since 1994), continuing the founder Dr. T. B. Mirchandani's legacy.
Reported FY26 revenue was Rs 740.06 crore (approximately $88-90M) with revenue growth of 18.94%, EBITDA growth of 22.93%, and PAT growth of 26.50% year-over-year, although the final quarter showed a Rs 4.42 crore net loss despite 41.10% sales growth, indicating margin compression. Recent strategic action has focused on capacity (Unnao plant relocation and expansion in March 2026, Rs 12 crore), brand-building (Sourav Ganguly appointed Brand Champion in April 2026), and continued product-line extension across HD and specialty inputs.
Aries Agro firmographics
Firmographics- Name
- Aries Agro
- Legal name
- Aries Agro Limited
- Website
- https://ariesagro.com
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Aries Agro Limited, founded in 1969 and listed on the NSE, manufactures chelated micronutrients, water-soluble NPK, and specialty plant-nutrition products across 133 brands, distributing through 6,400+ outlets to about 9 million farmers in India and select international markets.
- Ownership category
- akta.pro rank
Aries Agro industry classification
Industry- Product category
- Specialty Agricultural Fertilizers and Micronutrients
- NAICS
- Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253), Pesticide and Other Agricultural Chemical Manufacturing (32532), Pesticide and Other Agricultural Chemical Manufacturing (325320), Nitrogenous Fertilizer Manufacturing (325311)
- SIC
- Agricultural Chemicals (2870), Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Micronutrient & Secondary-Nutrient Fertilizers (IMAEAEAE)
- akta.pro secondary industries
- Fertilizer & Micronutrient Formulations (NPK blends, chelates, suspensions) (AFABAIAB), NPK & Compound/Blended Fertilizers (IMAEAEAD), Crop Protection Formulations (EC, SC, WG, WP, SL) (AFABAIAA)
Keywords
Where Aries Agro is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Aries Agro business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Micronutrients and Specialty Plant Nutrition Products: Sale of chelated micronutrients, water-soluble NPK fertilizers, organic/bio products, high-density inputs, slow-release fertilizers, and crop-specific formulations to farmers and agricultural businesses through distributor networks.
- Plant Protection Products: Sale of plant protection products including fungicides, insecticides, and plant growth regulators.
- Aqua Culture and Animal Nutrition: Nutritional products for aquaculture and animal health including Fishmin, Boon-O-Milk, and various feed supplements.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Aries Agro product offering
Product offeringCore offering
Aries Agro manufactures and sells chelated micronutrients, water-soluble NPK fertilizers, organic and bio products, high-density (HD) plant growth inputs, crop-specific nutrition formulations, slow-release fertilizers, plant protection products (fungicides, insecticides, growth regulators), and aquaculture/animal nutrition products. The company distributes its 133-brand portfolio through 6,400+ distributors in India and abroad, serving 9 million farmers across field crops, horticulture, fisheries, and dairy operations. Its flagship brands Agromin and Chelamin, introduced in 1975 and 1976, pioneered chelate-based micronutrient use in Indian agriculture.
Product overview
Aries Agro Limited is a manufacturer of micronutrients and specialized crop nutrition products. The company operates a multi-product portfolio organized into core product categories including Micronutrients (chelated fertilizers with EDTA, DTPA, EDDHA chelates such as Agromin and Chelamin flagship brands), Water Soluble NPK fertilizers (for fertigation and foliar application), Organic and Bio Products (biofertilizers, biostimulants), High Density Inputs (HD technology for enhanced uptake), Crop Specific products (formulations for wheat, grapes, sugarcane, cotton, paddy, maize, groundnut, coffee, and others), Slow Release Fertilizers (pastilles for extended nutrient supply), Plant Protection (fungicides, insecticides, growth regulators), Aqua Culture & Animal Nutrition (products for fisheries and dairy), and Urban Products (for urban farming). The company serves agriculture with 133 brands across 6 manufacturing units, 6,400+ distributors, and 9 million farmers.
Differentiator
Problem solved
Functional benefit
Products and services
- Chelated Micronutrients Multi-micronutrient fertilizers containing mineral elements such as Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B), and Molybdenum (Mo), available in chelated forms (EDTA, DTPA, EDDHA chelates) that improve micronutrient utilization efficiency for farmers and agricultural operations.
- Water Soluble NPK Water-soluble fertilizers for fertigation and nutrition of high-value field crops and horticultural crops, available in varying ratios of primary, secondary, and micro nutrients with low salt index.
- Organic and Bio Products Organic fertilizers, biofertilizers, biostimulants, and organic pesticides including Orgafert, Marino Liquid, OrgaPotash, OrgaPROM, Trishool Neem cake, Endomyco, Terrazinc, Ariphos, Nitrofix, and HumiBlack, for sustainable agriculture.
- High Density Inputs (HD Range) High-density plant growth promoters using HD technology that alters particle sizes and densities for maximum efficiency at lower dosages, including MacroFert HD, Fertimax HD 11:52:00, Fertimax HD 13:00:45, and Fertimax HD 00:52:34.
- Crop Specific Products Crop-specific blended fertilizers formulated for particular crop nutrient requirements, including Majorsol Wheat, Soy-min, Grapemin, Canemin, Hortistar, Majorsol Paddy, Majorsol Cotton, and Majorsol Maize.
- Slow Release Fertilizers (Pastilles) Slow-release fertilizers providing steady supply of plant nutrients over extended periods, available in granules and powder forms, including Supermax, Boronite, Zinconite, and Sulfonite.
- Plant Protection Products Plant protection products including fungicides, insecticides, and plant growth regulators, with offerings such as Plantomycin, Dhanush, Haasil, Paramvir, Jahaan, and Paraakram.
- Aqua Culture and Animal Nutrition Nutritional products for aquaculture and animal health, including Fishmin, Boon-O-Milk, Aquazin Plus, Aquablend Forte, Aqua Zincmag, Aquashell, and Aquamin Plus for pond culture and dairy cattle.
- Agromin Chelated micronutrient fertilizer and Aries Agro's flagship brand, introduced in 1975 as the first metal chelate product in Indian agriculture.
- Chelamin Chelated zinc fertilizer and Aries Agro's second flagship brand, introduced in 1976 following Agromin to correct zinc deficiency in crops and soils.
Quantifiable outcome
- 18.93% revenue growth in FY26
- +3 more outcomes
Companies that use Aries Agro
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Aries Agro technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Aries Agro partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights5 records
Aries Agro competitors and assessment
Company assessmentRegional players
- Haifa Group: Israel-based global manufacturer of specialty plant nutrition products including water-soluble NPK, chelated micronutrients, and controlled-release fertilizers. Comparable to Aries as a global chelate and fertigation specialist, but primarily serves markets outside India.
Broad incumbents
- Sapphire Crop Nutrition (formerly known as Zuari Agro subsidiaries): Indian fertilizer and specialty plant nutrition player offering water-soluble fertilizers, micronutrients, and crop solutions. Overlaps with Aries in specialty plant nutrition for horticulture and broad-acre crops.
- UPL Limited: Global Indian agrochemical major spanning crop protection chemicals, seeds, and post-harvest solutions. Direct overlap with Aries in plant protection (fungicides, insecticides, growth regulators) and increasingly in specialty plant nutrition.
- Deepak Fertilisers and Petrochemicals Corporation: Indian manufacturer of nitrogenous fertilizers, specialty NPK, and water-soluble fertilizers for fertigation. Competes with Aries' water-soluble NPK and micronutrient lines, especially in horticulture and high-value crops.
- PI Industries: Indian agrochemical powerhouse in crop protection chemicals and specialty inputs with growing agchem and biologicals portfolio. Comparable as an established R&D-driven Indian agrispecialty manufacturer expanding into biologicals/biostimulants where Aries also plays.
- Chambal Fertilizers and Chemicals: Leading Indian urea and complex fertilizer producer with growing presence in specialty nutrients and crop protection. Comparable as a pan-India fertilizer manufacturer expanding into micronutrients and water-soluble products, competing with Aries for distributor shelf space.
- Coromandel International: One of India's largest fertilizer and agrochemical manufacturers (part of Murugappa Group), offering NPK, specialty nutrients, and crop protection. Overlaps with Aries in water-soluble fertilizers, micronutrients, and farmer distribution across India.
Direct peers
- Multiplex Group of Companies: Indian specialty fertilizer company focused on water-soluble NPK, chelated micronutrients, and biostimulants. Directly competes with Aries in fertigation-grade fertilizers and crop-specific nutrition for horticulture.
- Madhya Bharat Agro Products: Central Indian manufacturer of single super phosphate, NPK, and water-soluble fertilizers including chelated micronutrients. Closest like-for-like peer in the chelated micronutrient and water-soluble fertilizer space where Aries has historic strength.
- Mahadhan Agritech (DFPCL subsidiary): Specialty fertilizer brand of Deepak Fertilisers marketing water-soluble NPK, chelated micronutrients, and crop-specific solutions under Mahadhan. Competes head-to-head with Aries' MacroFert, Fertimax HD, and Chelamin portfolios.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Aries Agro social profiles
Digital presenceAries Agro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aries Agro leadership team
Management profileNumber of profiles
Profiles2 records
Aries Agro subsidiaries and ownership
Company hierarchySubsidiaries4 records
Aries Agro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aries Agro 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 Aries Agro
What does Aries Agro do?
Aries Agro manufactures and sells chelated micronutrients, water-soluble NPK fertilizers, organic and bio products, high-density (HD) plant growth inputs, crop-specific nutrition formulations, slow-release fertilizers, plant protection products (fungicides, insecticides, growth regulators), and aquaculture/animal nutrition products. The company distributes its 133-brand portfolio through 6,400+ distributors in India and abroad, serving 9 million farmers across field crops, horticulture, fisheries, and dairy operations. Its flagship brands Agromin and Chelamin, introduced in 1975 and 1976, pioneered chelate-based micronutrient use in Indian agriculture.
Is Aries Agro a public or private company?
Aries Agro is a public company. It is classified as public and is currently operating.
When was Aries Agro founded?
Aries Agro was founded in 1969. It employs 501 to 1,000 people.
Where is Aries Agro based?
Aries Agro is headquartered in Mumbai, India, in the Asia region.
How does Aries Agro make money?
Three revenue lines are on record. Micronutrients and Specialty Plant Nutrition Products are the primary driver. The others are plant Protection Products and aqua Culture and Animal Nutrition.
Who are Aries Agro's main competitors?
Haifa Group is listed as a regional player. Broad incumbents are Sapphire Crop Nutrition (formerly known as Zuari Agro subsidiaries), UPL Limited, Deepak Fertilisers and Petrochemicals Corporation, PI Industries, Chambal Fertilizers and Chemicals and Coromandel International. Direct peers are Multiplex Group of Companies, Madhya Bharat Agro Products and Mahadhan Agritech (DFPCL subsidiary).
Does Aries Agro have an API?
No public API is recorded for Aries Agro.
What industry is Aries Agro in?
Aries Agro's product category is Specialty Agricultural Fertilizers and Micronutrients. Its primary akta.pro industry code is IMAEAEAE, Micronutrient & Secondary-Nutrient Fertilizers, with a secondary code of AFABAIAB, Fertilizer & Micronutrient Formulations (NPK blends, chelates, suspensions). Its NAICS code is 3253 and its SIC code is 2870.