- Business
- Dharmaj Crop Guard Limited Dharmaj Crop Guard Limited manufactures, distributes and markets a comprehensive range of agrochemical formulations including insecticides such as Padgham, Lubrio, Nilaayan, Remora and Emamectin Benzoate 5% SG; fungicides such as Hexaconazole 5% EC, Tebuconazole 10% + Sulphur 65% WG and Thiophanate Methyl 70% WP; herbicides including Glyphosate 41% SL, Pendimethalin 38.7% CS and Glufosinate Ammonium 13.5% SL; plant growth regulators like Gibberellic Acid 0.001% L, Ethephon 39% SL and Rujuta; micro fertilizers such as Zinc 12% EDTA, Boron 20% and Greentora Ferrous 12% EDTA; and antibiotics including Retardo, alongside general insect and pest control chemicals for public health and animal health protection. The company operates through three verticals--Branded Formulations for B2C sales to Indian farmers via a network spanning 24 states with over 15,000 retail touchpoints and 5,000 dealers; Institutional Formulations for B2B domestic and export customers across 29 to 38 countries in Latin America, East Africa, the Middle East and Far East Asia, serving over 700 institutional clients with 250-plus products; and Active Ingredients for technicals and intermediates. Founded in 2015 and headquartered in Ahmedabad, Gujarat, India, Dharmaj Crop Guard maintains formulations production capacity of 25,500 metric tons per annum at its Kerala GIDC facility near Bavla, Ahmedabad, and 8,000 metric tons per annum multi-purpose capacity for active ingredients and intermediates at its Saykha GIDC plant in Bharuch, Gujarat, with capabilities across EC, SC, SL, SG, WDG, WP, DP, GR, CS and ZC formulations, supported by NABL-accredited quality control labs, DSIR-certified R&D and certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and ISO 17025:2017. Recent developments include the January 2024 commissioning of the Saykha active ingredients facility enabling backward integration, captive consumption and external sales of eight commercialized products targeting 200 metric tons monthly run-rate; expansion into four new South Indian states--Odisha, Andhra Pradesh, Karnataka and Telangana--establishing pan-India presence across 24 states; new product launches such as Suffar Gold and others in FY24 contributing to portfolio refresh; land acquisitions for formulation capacity expansion in Kerala GIDC and a 99-year lease at Saykha; achievement of record revenue exceeding 6.5 billion rupees in FY24 with 25% top-line growth despite industry headwinds; CRISIL credit rating upgrade to BBB+/Stable; and recent board changes including appointments of additional independent directors Umesh Menon and Bhuptray Khunt, alongside financial results announcements for quarters through June 2025.