Do You OWN a farm or planning to enter agriculture business in India?
Then… You must be looking for Top Agro Industry in India.
Also, Do you wish to study for an agricultural degree to cash in the booming Agro sector that is a major contributor to the Indian economy?
To help you know more about agro Industry, we present you top 10 Agriculture Companies in India.
Agro Industry: Background
About 58 percent of India’s population depends upon agriculture as its sole source of income. The figure does not include farmers alone.
Persons working in all sectors allied with agriculture, such as manufacture and sale of agrochemicals, fertilizers, seeds, dairy, poultry, fishing and horticulture (growing fruits) are also counted among this figure.
Overall, agriculture contributes whopping 16 percent to India’s Gross Domestic Product (GDP).
India is also the world’s second-largest producer of agricultural products ranging from high-quality food grains to sophisticated farming equipment.
It ranks as the world’s seventh largest agricultural exporter by trade and sixth largest by net value.
This massive industry is backed by topmost agricultural companies in India. Here we take a look at some of these top players in the agriculture sector in India.
Top 10 Agro Industry in India:
Indian agricultural companies produce myriad products, from hybrid seeds to complex chemicals that help boost production and are environmentally safe.
The Agro industry consists of cooperatives and local giants to multinational companies (MNCs).
1) Rashtriya Chemicals & Fertilizers Ltd
Rashtriya Chemicals and Fertilizers Limited (RCF) ranks as a top Agro Industry, It is a Government of India undertaking and holds the ‘Mini-Ratna’ status in Indian industries.
The Indian government holds 80 percent of its equity. RCF is one of the earliest units set up in the country with a vision of growth in fertilizer production for food security.
It manufactures urea, complex fertilizers, bio-fertilizers, micro-nutrients, 100 percent water-soluble fertilizers, soil conditioners other agricultural requirements, state the company website. RCF also has markets abroad.
2) Krishak Bharati Cooperative Ltd
Commonly called Kribhco, the company is incorporated as a cooperative society in India. It is a pioneer in several agricultural segments.
Kribhco manufactures superior quality bio-fertilizers, hybrid seeds for various crops, Ammonia and Argon gases as well as its unique Neem Coated Urea fertilizer.
Kribhco operates soil testing centers and conducts training programs for farmers on various topics such as getting the bumper harvest to protecting the crop from damage by insects and weather, among others.
3) Rallis India Ltd
Rallis India Ltd is a company owned by corporate giant, Tata Group. Rallis India Ltd offers crop protection solutions, hybrid seeds under brand name RIL, Ashirwad and Pravallika.
The company also manufactures plant growth nutrients, crop sprayers, and various agricultural services across India.
It is also a major player in the international agricultural market with its products. Rallis arrived in India in 1854 and went through ups and downs of the country.
The firm now functions as a subsidiary of Tata Chemicals Ltd and is listed on the Bombay Stock Exchange and their functioning is regulated by a government body called Securities and Exchange Board of India(SEBI)
4) Bayer CropScience Ltd
Germany-based MNC, Bayer CropScience is a formidable player in India’s agriculture industry. The company has an extensive and enviable portfolio of products for the agriculture sector.
These include crop protection and animal health solutions to suit varied demands of India and environment protection chemicals that help agriculture go greener.
Some products made and sold by Bayer CropScience Ltd are global brands. The company is also listed on Indian stock exchanges.
5) BASF India Ltd
BASF is a German MNC that is actively engaged in India’s agriculture industry. BASF India Ltd manufactures fungicides, insecticides, herbicides, seed treatments and pest control products.
It has extensive solutions for controlling rodent damage in field crops. The company is also engaged in forestry and woodland management.
Badische Anilin und Soda-Fabrik (Baden Aniline and Soda Company) was the first foreign chemical firm to open a business in India in the 19th century.
Since more than 100 years, BASF continues to contribute aggressively to Indian economy and its various agriculture sectors.
6) Atul Ltd
Atul Ltd is one of the oldest indigenous players in India’s agriculture industry.
Founded in September 1947, Atul Ltd is engaged in manufacturing bulk chemicals for crop protection, including products for cotton, jute and fiber plant protection, preventing losses of the retail crop, chemicals, and intermediaries for food and industrial crops, among others.
The company’s products are also exported extensively to various countries. Atul Ltd is listed on Indian stock exchanges.
7) UPL Ltd
From humble beginnings as a small chemical manufacturing plant located at Gujarat Industrial Development Corporation (GIDC) complex in Vapi in 1969, the company has grown into a giant player on the world’s agricultural scene.
UPL Ltd manufactures hybrid seeds under brand Advanta. UPL Ltd also has a variety of solutions for crop protection, crop nutrition, drought mitigation, biological and bio-pesticides, soil health solutions and post-harvest care products.
UPL Ltd has a business network in over 130 countries. The company is listed on Indian stock markets.
8) PI Industries Ltd
PI Industries Ltd traces its roots to 1946 when it was incorporated as Mewar Oil & General Mills Ltd. Beginning commercial operations in 1947, PI Industries set up the first agro-chemical plant and expanded its operations across India.
PI Industries Ltd manufactures over 40 insecticides, fungicides, and herbicides, including specialized chemicals for protection against rodents and snakes.
Further, the company manufactures four specialty products for agricultural use. The company is listed on stock exchanges and is a pioneer in the introduction of granular formulations in India. It is the largest sellers in this agribusiness segment.
9) Zuari Agro Chemicals Ltd
Zuari Agro Chemicals Ltd is a leading fertilizer conglomerate in India. ZACL produces high-quality complex fertilizers of various grades along with seeds, pesticides, micronutrients, and specialty fertilizers state the company website.
Additionally, ZACL is also a large scale importer of specialty fertilizers and farm seeds in India. The company is listed on stock exchange in the country.
It was established in 1967 in Goa and draws its name from the state’s major river, Zuari. ZACL owns a township named Zuarinagar that houses its production facilities and staff accommodations.
The company has a significant share of the Middle East market.
10) Bharat Group
Bharat Group is one of the largest companies in India’s agriculture sector. The group owns three companies- Bharat Rasayan Ltd, Bharat Insecticides Ltd and BR Agrotech Ltd.
Together, these three companies manufacture a very wide range of insecticides, pesticides, fungicides, herbicides, crop nutrition, soil fertility treatments, crop and plant growth regulators and many others.
Among these, Bharat Rasayan Ltd is listed on the stock exchange.
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Importance of Indian agriculture companies in India:
India’s agriculture companies are the driving force for the nation to retain self-sufficiency in food products and emerge as a large exporter.
According to India Brand Equity Foundation (IBEF), India’s food grain production over 274.55 million tons in the fiscal year 2017-2018. “India is expected to achieve the ambitious goal of doubling farm income by 2022.
The agriculture sector in India is expected to generate better momentum in the next few years due to increased investments in agricultural infrastructure such as irrigation facilities, warehousing, and cold storage,” states an IBEF report.
These achievements would be impossible without the active participation of India’s agriculture companies.
Overview of Indian Agro Companies
The above companies we have listed primarily deal with farming, crops, and fertilizers. However, as explained before, the Indian agriculture industry does not consist solely of farming for food grains only.
The entire agro-industry of the country also includes fisheries, poultry, animal husbandry, dairy, horticulture, and floriculture, to name a few essential components.
These companies, which produce veterinary medicines, animal, and plant hormones and provide food storage and processing services also form an integral part of India’s agriculture sector.
Additionally, India is also the single largest producer of farm tractors and agricultural equipment- manual and mechanical- in the world.
Sans their contribution to the nation’s agro sector would never have scaled these enviable heights.
Unorganized Indian Agro Companies
The companies listed above are part of the huge, multi-billion Dollar organized agro-business of India. However, the country is also home to a large unorganized sector, that consists of pesticide, herbicide, insecticide, and fungicide manufacture in the Small and Medium Enterprise (SME) segment and a few homegrown, rural industries too.
They also offer innovative and economical solutions to the large Indian agriculture sector.
Agri Udaan Scheme
The Indian government has launched a pioneering program called Agri Udaan.
This project is launched by Central government’s Indian Council for Agriculture Research (ICAR), National Academy for Agriculture Research and Management (NAARM) in collaboration with Indian Institute of Management (IIM), Ahmedabad- the premier business school of the country.
Agri Udaan is a startup incubator for food and agricultural enterprises. Over 200 agriculture based startups in various fields have applied since the scheme was launched on August 7, 2017.
It is expected to provide a very significant boost to the country’s agriculture sector by encouraging new agro companies to launch. Already 40 agro-based startups have been mentored under the scheme.
India is expected to witness increased use of genetically modified crops. This surge will also be led by Indian agricultural companies, who are expected to launch several newer products for this kind of farming.
Use of GM crops will boost harvest of Indian farmers. The country is poised for complete self-sufficiency in pulses in the next few years as local scientists develop new, faster-maturing crops that are also disease resistant.
Considering the above scenarios, all top Indian agricultural companies, as well as players in SME segment, tractor and farming equipment manufacture and logistics, can expect boom time in coming years.
Though India’s agriculture is predominantly dependent upon good monsoons and rainwater, artificial irrigation techniques and joining rivers of India through a network of canals and dams will boost food grain production in the country.
These Top Agro-based companies in India will play a very key role in propelling India to the topmost producer of agro products.