Type Public (BSE: 506395) Website coromandel.biz Founded 1961 | Predecessor Coromandel Fertilisers Headquarters Secunderabad | |
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Stock price COROMANDEL (NSE) ₹ 315.70 -7.75 (-2.40%)6 Mar, 3:30 PM IST - Disclaimer Parent organizations Murugappa Group, EID Parry Subsidiaries Sabero Organics Gujarat Ltd., Ficom Organics | ||
Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC and Chevron Companies of USA. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. The company is also in rural retail business in the state of Andhra Pradesh through its Mana Gromor Centres. Coromandel International is a subsidiary of both the Murugappa Group and EID Parry, which holds 62.82% of the equity in the company. The company has eight manufacturing units located in the states of Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat and Jammu and Kashmir. Its product line includes Gromor, Godavari, Paramfos, Parry Gold and Parry Super. The company produces and sells phosphatic fertilisers of various grades, including Diammonium phosphate and Single Super Phosphate.
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Coromandel was ranked #16 on Business Today's 2009 list of the Best Companies to work for in India. The company confers Borlaug Award for outstanding Indian scientist in the field of agriculture and environment
Business line
Coromandel is largely engaged in manufacturing of wide range of Phosphatic Fertilisers, Crop Protection Products, Speciality Nutrients like Sulphur Pastelles, Water Soluble Fertilisers, Micro Nutrients and Organic Fertilisers. Coromandel's busiess can be broadly divided into four parts:
Fertilizers
Coromandel markets and manufactures wide range of fertilizers which makes it leader in addressable market and 2nd largest producer of phosphatic fertilizers in India.
Pesticides
Coromandel produces insecticides, pesticides, weedicides and fungicides and market these products in India and abroad. Coromandel is the second largest manufacturer of Malathion and is the major manufacturer of Phenthoate in Asia. The company have global presence in 62 countries and ranks 5th in Indian market.
Speciality Nutrients
Company have recently added one more variety of farm inputs. Speciality nutrients are basically developed to cater the need of particular crops at different stage of growth. These set of chemicals have different combination of secondary and micro-nutrients which provides the basic requirement of crops and helps them to grow.
Retail
Company is also present in retail sector. Till 2015 company have more than 750 retails centers in villages of Andhra Pradesh and Karnataka. One retail store covers 30-40 nearby villages and caters the needs of 5000 farmers families.