Dhanuka Agritech features in Forbes’ ‘Asia’s 200 Best Under a Billion’

Date:10-14-2010

Pesticide major Dhanuka Agritech Limited is one of the 39 Indian companies to be included in ‘Asias Best Under A Billion list of companies compiled by the Forbes magazine for the year 2010. As per the figures listed in the list, Dhanuka Agritech has recorded sales of US$91mn, net income of US$8mn and a Market Value of US$89mn.

The Forbes’ ‘Asia’s 200 Best Under A Billion’ list highlights the 200 top-performing small and midsized enterprises having revenues under US$1bn. It picks these firms from close to 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between five million dollars and one billion dollars. The selection of the best 200 companies is based on earnings growth, sales growth, and shareholders return on equity in the past 12 months and over three years.

R.G Agarwal, Group Chairman, Dhanuka Agritech Ltd, said, “It is a matter of great pride for our organization to have been listed by Forbes magazine in top 200 enterprises. We are thankful to Forbes magazine to have recognized our presence and contributions in the Indian agro-chemicals sector. We shall strive further to set higher benchmarks towards continual improvement of our products.”

Some of Dhanuka Agritech Limited’s leading products namely Targa Super, Omite, Caldan, Vitavax Power, Dhanuvit, Dhanzyme Granules and Dhanzyme Liquid.

Dhanuka Agritech’s inclusion in the Forbes list comes close on the heels of the recent certifications being accorded to the company, such as the ISO/IEC 17025:2005 for maintaining global standards on laboratory testing procedures and the ISO 14001:2004 for its manufacturing plant’s compliance with global standards.