Insecticides India eyes Rs 500 cr turnover in FY11

Insecticides India Ltd, a listed firm engaged in pesticides manufacturing, said it targets one-fourth increase in its turnover to Rs 500 crore in this fiscal through deeper penetration in domestic market as well as tapping overseas opportunities.

"We expect this year to be better for the pesticide industry as compared to last year...With the commissioning of two more facilities, we aim to grow 25 per cent in our turnover to reach Rs 500 crore mark," companys general manager (corporate affairs) P C Pabbi told UNI.

He said one plant would come up during this fiscal at Udhampur in Jammu and Kashmir, while other plant would be based at Dahej in Gujarat.

At present, the company has three plants--two at Chopanki in Rajasthan and one at Samba in Jammu and Kashmir.

Having a portfolio of 102 products, the company operates in the country with 27 branches, 5,000 distributors and 50,000 dealership.

Asked about the companys plan for overseas market, Mr Pabbi said the company is buoyant about the growth in this front with exports to countries like Pakistan, Sudan, Egypt, Nepal, Bangladesh, Turkey and Iran.

"We expect exports to contribute about 25 per cent to our total revenue five years down the line," he said.

The company, headed by Mr Rajesh Aggarwal, offers various types of insecticides, fungicides, weedicides, herbicides, plant growth regulator for all types of crops and house hold pesticides.

Insecticides Indias well-known brands include Lethal, Victor, Thimet, Indian 4G, Hijact and Sharp.

Mr Pabbi said the company has also entered into technical and marketing agreement with the US-based AMVAC Chemical Corporation to manufacture and market the product Thimet.