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A Company, based in Salem, Tamilnadu, involved in manufacturing and marketing Agrochemical products like pesticides/insecticides, fungicides and weedicides. The Company is also involved in the production of pesticides on Job-work basis for other formulators in the segment, including dust, liquid, granules and water-soluble powder formulations. It currently has licences for manufacturing 46 products with CIB (Central Insecticides Board, Delhi) registrations.The size of the manufacturing unit 3,500 Sq. Ft., located in an industrial area in Salem (rented premise), with the manufacturing capacity; Dust formulation – 20MT per day per shift, Liquid formulation – 5,000 Litres per day per shift. The products are currently marketed in Tamil Nadu, Andhra Pradesh, Telangana, Kerala, Maharashtra and Karnataka. The Company has identified potential scope to market their products further to North India, especially in Punjab, Haryana, Madhya Pradesh, Bihar, Orissa, Chhattisgarh, Uttar Pradesh and West Bengal. One of the key cautionary point is that the business performance is dependent on the monsoon. Apart from the Managing Director, the staffing includes; Factory In charge – 1, Office In charge – 1, Chemist – 1, Labours – 7, Contact Labours – 5. Turnover for the Last Financial year was; INR 1.28 Cr. The Company is looking to divest the business. They are negotiable on the consideration payable. At the moment expectation is close to INR 3 Crores.To a right buyer, they believe that the potential is huge as the market size for pesticides in India is not less than 15000 Crores.

Reason

Personal

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