The Indian fertilizer market was worth INR 6,258 Billion in 2019. The market is expected to exhibit moderate growth during 2020-2025. As per the analysis by IMARC Group, the top Indian fertilizer companies are increasingly focusing on the widespread promotion of their high-quality products through radio, television and customized rural workshops. They are also investing in the development and marketing of organically-derived fertilizers that are gaining widespread prominence among farmers due to an enhanced focus on sustainable development. In line with this, numerous initiatives undertaken by various government and non-government organizations for educating farmers on the importance of utilizing biodegradable agrichemicals are creating a positive outlook for the market further.
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List of Top Indian Fertilizer Companies:
Chambal Fertilisers and Chemicals Limited
Headquarter: New Delhi
Chambal Fertilisers and Chemicals Limited is one of the biggest private sector producers of fertilizers in India. It is a leading supplier of fertilizers across Rajasthan, Madhya Pradesh, Punjab and Haryana. The company has a network of 15 regional offices, 2,200 dealers and 22,000 village level outlets. The company also has three established hi-tech nitrogenous fertilizer (urea) plants in the country that utilize state-of-the-art technology for production processes and have an annual production capacity of about 3.4 million MT of urea.
Coromandel International Limited
Coromandel International Limited is a key phosphatic fertilizer player in India with a diverse portfolio of fertilizers, retail, nutrients and specialty nutrients. It registered an annual turnover of INR 13,240 Crore during the financial year 2018-19, thus establishing itself as one of the largest fertilizer companies in the country. The company has also set up over 800 rural retail centers across the states of Andhra Pradesh, Telangana, Karnataka and Maharashtra. It has launched a range of organic fertilizers due to which it was voted as one of the ten greenest companies in India by The Energy and Resources Institute (TERI).
Deepak Fertilisers and Petrochemicals Corporation Limited
Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is a leading producer of fertilizers and industrial chemicals. It has an annual turnover of over US$ 0.5 Billion with a strong distribution network of 50 channel partners. It serves more than 600 industrial customers in India as well as on the global level. The company’s product portfolio largely includes fertilizers, agri-services, industrial chemicals, technical ammonium nitrate, and farming diagnostics and solutions.
Fertilisers And Chemicals Travancore Limited (FACT)
The Fertilizers and Chemicals Travancore Limited (FACT) is one of the oldest establishments dealing with the production of fertilizers on a large scale in India. Headquartered in Kochi, it is a major key player with a product portfolio of fertilizers, petrochemicals, engineering, consultancy, industrial equipment and technology services. It has two production units and has entered in a joint venture with Rashtriya Chemicals & Fertilizers Limited.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) is a manufacturer of chemicals and fertilizers that is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd. (GSFC). Headquartered in Bharuch, the company mostly engages in the production of urea, ammonia, methanol, formic acid, butachlor, concentrated nitric acid, ammonium nitro phosphate and calcium ammonium nitrate. Apart from this, it has also ventured into the electronic and IT-related services in the country.
Gujarat State Fertilizers & Chemicals Limited (GSFC)
Gujarat State Fertilizers & Chemicals Limited is a leading manufacturer of fertilizers and chemicals in various product areas, namely finished products, intermediate products, polymers, and fiber products. Its ever-expanding portfolio includes chemicals, acrylics and polymers, among others, that aids in further consolidating the company as an environment-friendly enterprise. It actively engages in green initiatives and focuses on renewable energy usage while continually upgrading its manufacturing and distribution capabilities.
Hindustan Fertilizer Corporation Limited (HFCL)
Headquarter: New Delhi
Hindustan Fertilizer Corporation Limited (HFCL) is a Government of India undertaking establishment under the Ministry of Chemicals & Fertilizers. It emerged as a separate company during the re-organization of the erstwhile FCIL & NFL Group of Companies. The company currently deals with the production of urea. It operates through the numerous plants set up in several locations in India, including Barauni, Namrup, Durgapur, and Haldia.
Indian Farmers Fertiliser Cooperative Limited (IFFCO)
Headquarter: New Delhi
Indian Farmers Fertiliser Cooperative Limited (IFFCO) is one of India's biggest multi-state cooperative society that is engaged in the manufacturing and marketing of fertilizers. It is wholly owned by over 36,000 Indian member cooperatives with varied business interests, ranging from general insurance to rural telecom. It has registered a production of over 7 Million Metric Tonnes and sales of over 19 Million Metric Tonnes during the financial year 2017-18. It comprises a vast marketing network that reaches more than 55 million farmers in India. Its impact also extends across the globe with numerous joint ventures, such as JIFCO- Jordan, KIT-Dubai, OMIFCO-Oman, and ICS-Senegal.
Krishak Bharati Cooperative Limited (KRIBHCO)
Headquarter: Uttar Pradesh
Krishak Bharati Cooperative Ltd (KRIBHCO) is a multi-state cooperative society, which was earlier controlled by the Government of India. It utilizes state-of-the-art technology for the production of fertilizers. It actively engages in the implementation of various schemes to enhance production capacity and improve the energy consumption of its ammonia and urea plants. The company has also entered into international joint ventures to expand its global footprint.
MADRAS FERTILIZERS LIMITED
Madras Fertilizers Limited is a central public sector undertaking, incorporated as a joint venture between the Government of India and AMOCO India Incorporation of USA. It is operational under the administrative control of the Department of Fertilizers, Ministry of Chemicals and Fertilizers, India. Headquartered in Manali, Chennai, the company engages in the manufacturing of urea, ammonia, biofertilizers and complex fertilizers.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the Indian fertilizer industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development