IFC invests in Crystal Crop to Fund Growth in Affordable, Green Crop Solutions

New Delhi, November 2, 2022: The new investment promises to benefit millions of Indian farmers by establishing a robust production framework for green crop solutions. The project will increase farmers’ access to customized, affordable, and environment-friendly crop protection products, and in doing so, enhance their productivity. While supporting farmers, the project will increase market competitiveness, playing a catalytic role toward strengthening the agriculture sector in India.

An investment of Rs. 300 Cr (approx.US$37 Mn) by IFC and IFC Emerging Asia Fund (EAF) in Crystal Crop Protection Ltd., a leading agrochemical player in India, will allow the company to boost farm productivity, reduce supply chain disruptions triggered by COVID-19, and set up a robust infrastructure for sustainable production of crop protection products. The IFC Emerging Asia Fund, launched in 2016, makes equity and equity-like investments across all sectors in emerging markets in Asia alongside IFC.

While agriculture provides employment for nearly half of India’s labor force, it contributed only about 17 percent to gross domestic product (GDP) in 1Q-FY23. Farmer incomes are low and volatile due to poor access to quality inputs, credit, technical expertise, and markets. Addressing these challenges will help the sector increase profits and raise farmers’ incomes.

The financing package will support Crystal’s growth plans, enabling it to focus on innovation and strengthening its research and development (R&D) capacity. Improved R&D ability will support the Indian agrochemical industry to align itself with environmentally friendly global market trends.

Commenting on the transaction, Mr. Ankur Aggarwal, Managing Director, Crystal Crop Protection Limited, said, “This investment will further consolidate the company’s position in the Indian market and strengthen its commitment toward sustainable crop solutions to increase farm profitability of Indian farmers by leveraging R&D and technology. We remain committed to the highest standards of environmental, health and safety guidelines, and governance in all our operations.”

Commenting on IFC’s investment, Wendy Werner, India Country Head at IFC, said: “As India emerges from the COVID-19 crisis, the agriculture sector remains critical to green recovery. IFC’s investment will help improve access to sustainable, tailor-made agri-solutions benefiting millions of farmers.” “Strengthening climate smart agribusiness is at the heart of our development mission in the country. We are confident this investment will bolster supply chains, encourage future investors and promote resilience in the sector,” she added.

The investment will also help the company improve its IT infrastructure and automation in its plants. Going forward, Crystal aims to grow double digit in crop protection chemicals and seeds by funding working capital requirements. The company recently launched a new business in agrochemical retail, Saffire Crop Science, which will leverage technology to promote crops solutions and services, allowing farmers to access them more efficiently.

Partnerships and acquisition opportunities have been strategic steps for Crystal, with significant domestic acquisitions — nine acquisitions to date, with six in the last five years.

Ernst & Young LLP acted as the exclusive financial advisor to Crystal on transaction.https://www.mospi.gov.in/documents/213904/416359//PRESS_NOTE-Q1_2022-231661947831694.pdf/93025346-aa15-02bf-41f9-67ab344c4ea3

About Crystal Crop Protection Ltd.:

Crystal Crop Protection Ltd is a R&D based crop solution company with a wide range of crop protection, seeds and farm mechanization products. The company works closely with Indian farming community towards improving farm profitability & sustainability by offering seed to harvest solutions. It has integrated operations, from undertaking R&D to manufacturing and delivering products to farmers across India through extensive distribution network. For more information, please visit www.crystalcropprotection.com

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

About IFC Asset Management Company

IFC Asset Management Company (AMC), a division of IFC, mobilizes and manages capital to invest in businesses in developing and frontier markets. Created in 2009, AMC provides leading institutional investors with unique access to IFC’s emerging markets investment pipeline and investment expertise, while providing positive development impact in the countries in which it invests. Investors in AMC managed funds include sovereign wealth funds, pension funds, and development-finance institutions. It has raised over $10 billion across 13 investment funds covering equity, debt, and fund of-funds products. For more information, visit www.ifcamc.org

About IFC Emerging Asia Fund (EAF)

The $693 million IFC Emerging Asia Fund, launched in 2016, makes equity and equity-like investments across all sectors in emerging markets in Asia. For more information, visit www.ifcamc.org/funds/ifc-emerging-asia-fund

Press Release

Developed by In-house R&D, HOLA effectively controls all type of weeds.

Company has applied patent also for this.

New Delhi, Feb 23 2022: Leading agrochemical company Crystal Crop Protection launched post emergent herbicide HOLA to protect sugarcane crop from weeds and help farmers to increase their income from sugarcane across the country, especially for the farmers in the UP and Maharashtra.

Hola is tested in various State Agri Universities and more than 2000 demonstrations were laid in last 5 years with sugarcane farmers. HOLA has been found effective in the control of narrow leaf weeds, broad leaf weeds and Sedges specially Cyperus Rotundus (Motha), which is a major problem faced by farmers.

"We envisage, in near future Sugarcane will play a crucial role in Indian agriculture and economy. In this context, we are excited to present a new herbicide developed by in-house R&D for the Sugarcane farmers, which will support them in increasing productivity. We look forward to receive its patent soon." said Mr. C.S Shukla, Senior Vice president (Strategic Marketing), Crystal Crop Protection Limited.

The company plans to make HOLA available to cane growers in Uttar Pradesh, Maharashtra, Punjab, Haryana, Karnataka, Tamil Nadu, and Gujarat in the immediate future which will further strengthen its Crystal’s presence in Sugarcane belt .

"As a nation, we incur over 18,000 Cr loses due to weeds in Sugarcane, Hola will would provide great relief to sugarcane farmers who suffer losses due to various kind of weeds in crop." said Mr. Ajit Shankhdhar, National Sales Head, Crystal Crop Protection Limited.

The company plans to attain a market share of 5-6 per cent in the first year of launch and 12-15 per cent in the next couple of years, the category of herbicide available to cane growers. HOLA is expected to increase the company's topline by 3-8 per cent in the near future.

Driven by its inhouse R&D, acquisition & collaboration with international players, company has launched 17 products in last two years and its ready to launch six to seven more products shortly depending upon the grant of registration by the regulatory authority.

Recently, Crystal had completed the acquisition of four hybrid seeds -- cotton, mustard, pearl millet, and grain sorghum -- from Bayer in India.

About Crystal Crop Protection Ltd.:

Crystal Crop Protection Ltd is a R&D based crop solution company with a wide range of crop protection, seeds and farm mechanization products. The company works closely with Indian farming community towards improving farm profitability & sustainability by offering seed to harvest solutions. It has integrated operations, from undertaking R&D to manufacturing and delivering products to farmers across India through extensive distribution network. For more information, please visit
www.crystalcropprotection.com

Press Release

The new company to provide global-standard products and services.

Saffire Crop to offer 50+ products in its portfolio, including insecticides, herbicides, fungicides, plant growth regulators, and bio-stimulants.

The logo represents Farmers, Customers, Saffire Team, and all Stakeholders as four leaves

New Delhi, 9 February 2022: Built on more than 34 years of experience in leading research and development in crops solutions, Crystal Crop Protection Limited, has now launched a new business in agrochemical retail- Saffire Crop Science that will leverage technology to offer global-standard products and services.

Saffire will usher in a technological revolution in the crops solutions and services, allowing farmers to access them more efficiently. The new company will provide a wide range of agrochemical products and services, all of which will be made feasible by innovative techniques and technology, resulting in increased profitability for all stakeholders in farming value chain.

Commenting on the launch, Mr. Ankur Aggarwal, Managing Director, Crystal Crop Protection, said, “A technological revolution has swept enterprises over the last two decades, making them more efficient and accessible. Technology-driven companies are more collaborative, inclusive, and better equipped to channel the energies of stakeholders and ecosystems towards creating mega-brands. We look looks at agriculture and farming as an area of opportunity that has yet to realize its potential. The group formed a new entity, Saffire, to create growth opportunities for all stakeholders. Saffire will be backed by technology, enabled by partners, and powered by the Crystal Group.”

Saffire currently has a portfolio of 50+ products including insecticides, herbicides, fungicides, plant growth regulators and bio-stimulants. Through collaboration between all stakeholders, transparency across the chain, and fired by its entrepreneurial spirit, Saffire will offer products and services that are truly global in standard.

“Saffire's aim is to constantly innovate and collaborate in order to provide the farming community with superior products and services. Our objective is to leverage technology to generate opportunities for all stakeholders' growth and to provide sustainable and lucrative solutions. With our fundamental values of ‘Progressive, Entrepreneurship, Collaboration, and Transparency’, we aim to support our country's farmers,” says Mr. Anil Nirwal, CEO, Saffire Crop Science.

Saffire's new logo represents its philosophy and the desire to constantly progress to a higher level. The logo is made up of a collection of leaves that are rising upwards. Farmers, Customers, Saffire Team and, all stakeholders are depicted as four leaves in the logo, all working together to attain a higher purpose. The colours also represent an upward journey from a mature to a much more vibrant growth stage.

About Crystal Crop Protection Ltd.

Crystal Crop Protection Ltd is an R&D-based crop solution company with a wide range of crop protection, seeds and farm mechanization products. The company works closely with the Indian farming community towards improving farm profitability & sustainability by offering seed to harvest solutions. It has integrated operations, from undertaking R&D to manufacturing and delivering products to farmers across India through an extensive distribution network. For more information, please visit www.crystalcropprotection.com

More Information Can Be Found At

The Economic Times
Business Line

Press Release

Acquired Cotton, Mustard, Pearl Millet and Grain Sorghum hybrids from Bayer CropScience in India

Mumbai/Delhi, October 20, 2021: Crystal Crop Protection Limited, one of the leading R&D based crop solution companies in India, has entered into a definitive agreement with Bayer to acquire Cotton, Mustard, Pearl Millet and Grain Sorghum hybrids in India. Both organizations will work together to close the transaction by December 2021.

The business acquired by Crystal Crop Protection represents a very small portion of Bayer’s Indian and global business portfolio.

Commenting on the acquisition, N K Aggarwal, Chairman, Crystal Crop Protection Limited said, “Staying true to our vision of inspiring growth of Indian farmers, this acquisition is a step forward to provide high performance seeds for sustainable growth of Indian agriculture.”

With this acquisition, Crystal will become strong in its field crops seed business as it comes with powerful brands and R&D capabilities.

Commenting on the acquisition, Sarjiwan Manhas, CEO, Seed Business, Crystal Crop Protection Limited further added “These acquired crops have an excellent strategic fit in our seeds portfolio and will support us in improving our footprints in Indian seeds market.”

D. Narain, Senior Bayer Representative, South Asia and CEO & MD, Bayer CropScience Limited said, “While we have divested a small portion our business portfolio, Bayer remains fully committed to the long-term growth of Indian agriculture and will continue to bring next-generation technologies that drive agricultural productivity, enable farmer prosperity and promote sustainable agriculture”

Bayer CropScience will continue to drive the business until full transfer to Crystal Crop Protection Ltd.

More information can be found at economictimes.indiatimes.com

livemint.com devdiscourse.com thehindubusinessline.com/

Press Release

Crystal Crop Protection acquires Corteva Agriscience Chlorpyrifos Brands in India

New Delhi, Dec 2019 Crystal Crop Protection Limited (“Crystal” or “the Company”), one of the leading research and development based crop protection companies in India, has acquired Dursban, Nurelle-D  Predator brands in India from Corteva Agriscience (NYSE: CTVA) a global pure-play agriculture company.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of Crystal, "This acquisition is a part of Crystal’s strategy to add value to its business and ensure growth for all its stakeholders. We believe such strategic acquisitions would improve our competitiveness, further help in diversifying our product portfolio and thus strengthen our market presence across India.”

This is Crystal’s fifth acquisition in last 2 years, the first was the acquisition of the manufacturing facility at Nagpur from Cytec India, the second was Indian Grain Sorghum, Pearl Millet and Fodder Sorghum seeds business from Syngenta India, third was four brands namely Furadan, Splendour, Affinity Force and Metcil from FMC India Limited and fourth was three brands from Syngenta, namely Tilt, Proclaim and Blue Copper

Agro-Chemicals products company, Crystal has made number of acquisitions in the past few years. Crystal signed an agreement with Germany's BASF SE in 2016 to acquire the brand Bavistin for use in India. Crystal Crop Protection Limited also acquired Hyderabad based company Rohini-Seeds Private Limited and Rohini Bioseeds and Agritech Private Limited in 2011, which has brought its presence in the seeds market.

About Crystal Crop Protection:

Crystal Crop Protection Limited (“Crystal or the Company”) is a R&D based crop protection manufacturing and marketing company. The company’s business is segregated into Agrochemicals, Seeds and Agri-Equipment businesses. The company has integrated operations, from undertaking R&D of new molecules to manufacturing and delivering products to farmers through its extensive network of distribution partners. The Company’s products cater to the entire lifecycle of crops, from sowing to harvesting assisting Indian farmers to maximize productivity and profitability.

About Corteva Agriscience:

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry – including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the Company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.

Press Release

Crystal Crop Protection Limited acquired Syngenta’s three selected insecticide and fungicide brands in India

New Delhi, Nov 20^th, 2018: Crystal Crop Protection Limited (“Crystal” or “the Company”), one of the research and development based crop protection manufacturing and marketing companies in India, has acquired Proclaim, Tilt & Blue Copper brands in India from Syngenta.

Syngenta India’s Managing Director, Rafael Del Rio stated that “The Competition Commission of India (CCI) directed the divestment of these brands to Crystal while approving the global acquisition of Syngenta by ChemChina. We are confident that Crystal will continue to steward the products for the benefit of the farming communities.”

Syngenta is an established name among Indian farmers for its high quality crop protection products known for improving yield and quality output. This acquisition from Syngenta will enhance Crystal’s penetration in the Pulses, Cotton, Rice, Wheat, Vegetable and Grapes markets in India.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, "This acquisition is in line with our vision of ensuring growth for all stakeholders. We believe selective acquisitions, partnerships, or alliances would improve our competitiveness, further help in diversifying our product portfolio and thus strengthen our market presence across India.”  

This is the Company’s fourth acquisition in the calendar year 2018, the first was acquisition of the manufacturing facility at MIDC, from Cytec India Specialty Chemicals & Materials Private Limited, the second was Indian gram sorghum, pearl millet and fodder sorghum seeds business from Syngenta India Limited, Devgen N.V., Belgium and Devgen Seeds and Crop Technology Private Limited, and third was four brands namely Furadan, Splendour, Affinity Force and Metcil from FMC India Limited.

Agro-Chemicals products company, Crystal has made number of acquisitions in the past few years. Crystal signed an agreement with Germany's BASF SE in 2016 to acquire the brand Bavistin for use in India.  Crystal Crop Protection Limited also acquired Hyderabad based company Rohini-Seeds Private Limited and Rohini Bioseeds and Agritech Private Limited in 2011, which has brought its presence in the seeds market.

These acquisitions are part of Crystal’s strategy to add value to its business and ensure growth for all its stakeholder.

About Crystal Crop Protection Limited

Crystal Crop Protection Limited is a R&D based crop protection manufacturing and marketing company. The Company manufactures crop protection products which include insecticides, fungicides, herbicides and plant growth regulators and bio-stimulants. The Company provides crop protection solutions to the Indian farmer to assist them to maximize productivity and profitability. It has integrated operations, from undertaking R&D of new molecules to manufacturing and delivering products to farmers across India through extensive distribution network. As of December 31, 2017, the company had a pan-India distribution network of approximately 7,000 independent distribution partners.

The Company has established its in-house R&D center, the Key Research & Development Center (KRDC), in Sonepat, Haryana, which has been recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, GoI.

The Company recently enhanced its production capacity by acquiring Plant of Cytec India at Nagpur (2017) with leasehold rights on land area of 40,500 sq.m.. For increased commitment in the seeds business, the Company acquired Indian grain sorghum, fodder sorghum and pearl millet seeds business from Syngenta India Limited, Devgen Seeds and Crop Technology Private Limited and Devgen N.V., Belgium. Recently, Company strengthened its Insecticide & Herbicide portfolio by acquiring Furadan, Splendour, Metcil and Affinity Force brands from FMC India Limited.

About Syngenta AG:

Syngenta AG, the ultimate holding company of Syngenta India Limited is one of the world's leading agribusiness companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life.

Press Release – FMC approved

CRYSTAL BAGS ONE MORE ACQUISITION,

FOUR FMC BRANDS NOW MOVE TO CRYSTAL

New Delhi, August , 2018: Crystal Crop Protection Limited (“Crystal” or “the Company”), one of the R&D based crop protection manufacturing and marketing companies in India, has strengthened its Insecticide & Herbicide portfolio by acquiring Furadan®, Splendour®, Metcil and Affinity Force® brands from FMC Corporation.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, said, "We believe in acting as an enabler to Indian farmers to improve their farming income and this acquisition is a step in that direction.  Staying true to our philosophy of inspiring growth for all our stakeholders, we are open to more such inorganic growth opportunities in the future too.”

This is the company’s third acquisition in 2018, the first was chemicals plant from Cytec India Specialty Chemicals & Materials Private Limited, and the second was Indian sorghum, pearl millet and fodder seeds business from Syngenta India Limited.

Agro-Chemicals products company, Crystal has made a number of acquisitions in the past few years. Crystal signed an agreement with Germany's BASF SE in 2016 to acquire the brand Bavistin.  Crystal Crop Protection Limited also acquired Hyderabad based company Rohini-Seeds Private Limited and Rohini Bioseeds and Agritech Private Limited in 2011, which has brought its presence in the seeds market.

Further, Crystal Crop Protection Limited has signed a Letter of Intent with KeyGene N.V., Netherland to explore a strategic collaboration for developing products through sharing of technology and novel breeding techniques that benefit the farmers to increase their farm profitability.

These acquisitions and collaborations are part of Crystal’s strategy to add value to its business and grow its market share.

About Crystal Crop Protection Ltd.

Crystal Crop Protection Ltd is a R&D based crop protection manufacturing and marketing company. The company manufactures crop protection products which include insecticides, fungicides, herbicides and plant growth regulators and bio-stimulants. The company provides crop protection solutions to the Indian farmer to assist them to maximize productivity and profitability. It has integrated operations, from undertaking R&D of new molecules to manufacturing and delivering products to farmers across India through extensive distribution network.

The Company recently enhanced its production capacity by acquiring Plant of Cytec India at Nagpur (2017) with leasehold rights on land area of 40,500 sq.m.. For increased commitment in the seeds business, the company acquired Indian grain sorghum, fodder sorghum and pearl millet seeds business from Syngenta India Limited, Devgen Seeds and Crop Technology Private Limited and Devgen N.V., Belgium.

Press Release

Crystal Crop Protection Limited acquires Syngenta’s Indian sorghum, pearl millet and fodder seeds business

New Delhi, March, 2018: Crystal Crop Protection Limited (“Crystal” or “the Company”), one of the research and development based crop protection manufacturing and marketing companies in India, has strengthened its seeds portfolio by acquiring the undertaking pertaining exclusively to certain seeds from Syngenta India Limited (“Syngenta”). With an aim to further generate value for stakeholders, the Company has acquired Indian grain sorghum, fodder sorghum(SSG) and pearl millet seeds business (including their germplasms, plant variety protection applications and registrations and market authorizations) from Syngenta. The acquired seed brands viz. Mahalaxmi (Sorghum), Atheeva (Pearl Millet) and SX-17 (SSG) seed brands are market leaders in respective categories. This acquisition comes with a world class R&D, designed to bring the best seeds on a continuous basis through its breeding program.

Syngenta is an established name among Indian farmers for its highest quality seeds known for improving yield and quality output. Indigenous research, well equipped seed testing labs and expert breeder have made Syngenta seeds a preferred choice for Indian farmers. This acquisition from Syngenta will enhance Crystal’s penetration in the Indian grain sorghum, pearl millet and fodder seeds business in India.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, "We believe in taking technology, innovation and manufacturing to the next level. With acquisition of seeds from Syngenta, we will strengthen our seed portfolio.”

Recently, in fiscal 2018, Crystal acquired a speciality chemicals plant from Cytec India Specialty Chemicals & Materials Pvt Limited, an Indian unit of Belgian chemicals firm Solvay SA.

Agro-Chemicals company, Crystal has made a number of acquisitions in past few years. Crystal signed an agreement with Germany's BASF SE in 2016 to acquire fungicide brand - Bavistin. Crystal Crop Protection Limited also acquired Hyderabad based company Rohini-Seeds Private Limited and Rohini Bioseeds and Agritech Private Limited in 2011 which has brought its presence in the agricultural inputs market.

These acquisitions are part of Crystal’s strategy to add value to its business and ensure growth for all its stakeholder.

About Crystal Crop Protection Limited:

Crystal Crop Protection Limited (“Crystal or the Company”) is a R&D based crop protection manufacturing and marketing company. The Company’s products cater to the entire lifecycle of crops, from sowing to harvesting.

The Company is guided by, Mr. Nand Kishore Aggarwal, honorable Chairman. With more than 23 years of dedication and hard work, the Company has achieved major milestones.

To provide innovative, comprehensive, long term solutions to farmers to increase crop productivity through sustainable practices and procedures, the Company is working towards investing in R&D capabilities to further diversify product portfolio, augmenting manufacturing capabilities, building brands & introducing new products. Apart from crop protection business, upcoming focus lies in seeds, agri-equipment and exports business.

The Company on a consolidated basis has five operational manufacturing units – two in Haryana, two in Jammu & Kashmir, and one in Anand, Gujarat and one being refurbished in Nagpur, Maharashtra. Additionally, the Company has two under-construction Technical manufacturing facilities at GIDC, Dahej, Gujarat and MIDC, Nagpur, Maharashtra

Company’s country wide presence spans a wide network of approximately 7,000 independent distributors. Company, through its sales & marketing team reaches out to famers across the country through various channels. The Company has established brands in various categories.

In addition, the Company has deployed “Crystal Doctors”, to directly interact with farmers and dealers to spread awareness about its products.  They work closely with farmers in their farmland and advise on appropriate method for application and the benefits of Company’s products at the farmers’ doorstep.

The Company has its own DSIR-recognized in-house R&D center focusing on synthesis of new chemistries, process development for Technical and bio-efficacy testing. Through its research and development, [Strong registration capabilities], innovative product portfolio, and related services, the Company seeks to make provide crop protection solutions to the Indian farmer to assist them to maximize productivity and profitability.

About Syngenta AG:

Syngenta AG, the ultimate holding company of Syngenta India Limited is one of the world's leading agribusiness companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life.

Crystal Crop Protection Limited acquires Solvay’s India manufacturing facility

New Delhi, February 12, 2018: Crystal Crop Protection Limited (the “Company”) has completed the acquisition of speciality chemical manufacturing facility of Cytec India, part of € 11.4 bn global specialty chemical major Solvay S. A.

This modern manufacturing facility is located on around 10 acres in MIDC Butibori, Nagpur and can be utilised to integrate the existing R&D and manufacturing facilities of the Company.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of the Company, "We believe in taking technology, innovation and manufacturing to the next level. This asset acquisition will enhance the manufacturing capabilities of the Company and add a new dimension to its business. It is part of our strategy to promote ‘Make in India’ and bring modern and affordable agrochemicals to farmers"

Singhi Advisors, Mumbai based global M&A advisors, acted as exclusive advisors to Solvay Group in the transaction.

About Crystal Crop Protection Limited:

The Company along with its agrochemical business has diversified into seeds, exports and agri-equipment businesses.

The Company was set up by, Mr. Nand Kishore Aggarwal, honorable Chairman, and Executive Directors of the Board of Directors of the Company. With more than 23 years of dedication and hard work, Crystal has achieved major milestones and has grown to be amongst one of the leading agrochemical companies in India, with insecticides, fungicides, herbicides, plant growth regulators, and micronutrients as part of its product portfolio.

Apart from acquisition at Nagpur, Crystal has five manufacturing units – two in Haryana, two in Jammu and one in Anand, Gujarat. Its greenfield project is under construction at Dahej, Gujarat.

The Company has its own DSIR-recognised R&D centre focusing on molecule synthesis, formulation research, process development and bio-efficacy testing. Through its research and development, product range, innovative technology, and related services, the Company seeks to make agro-chemical technologies available at affordable prices to the Indian farmer.