Aries Agro

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.

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

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

• Chelated micronutrients
• Water soluble fertilizers
• Crop nutrition products
• Plant protection chemicals
• Specialty agricultural inputs

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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.
2. Plant Protection Products: Sale of plant protection products including fungicides, insecticides, and plant growth regulators.
3. 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

Core 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

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Regional 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

• Xx.com/mirchandanidr
• YouTubeyoutube.com/channel/UC-Eqah1oWUMdyW4vLqJjb8g
• Facebookfacebook.com/ariesagrolimited
• LinkedInlinkedin.com/company/aries-agro-ltd.
• Instagraminstagram.com/ariesagro?igsh=MXNrdjN6OGhoemhhNg==

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Aries Agro