The Company wants to expand organically by over 14% while driving inorganic expansion to grow by over 56% to adapt and evolve in the face of a constantly changing environment.
Agrochemicals company Safex Chemicals Limited, which is expanding quickly in India, intends to invest Rs. 100 crores in AgCare Technologies Pvt. Ltd. during the next three years.
According to a recent press release from Safex, the company has grown more than 21 times since 2010 and has experienced a business growth rate of more than 24% over the past five years due to ongoing improvements in its processes, capacity expansion, and capability development. The company wants to develop organically by over 14% while driving inorganic growth to 56% to adapt to and evolve with continuously changing circumstances.
Piyush Jindal, Group Director at Safex, commented on the expansion by saying, “We are pleased to report that we have executed four acquisitions in the past seven Years.
Due to our outstanding financial track record, robust debt protection indicators, and exceptional creditworthiness, we also enjoy the honor of being an A-rated firm for our external credit rating by the renowned rating agency “CRISIL”. We are eager to launch our marketing efforts in J&K, Assam, Tamil Nadu, and Karnataka to sustain our performance and plan for better market penetration.
Safex purchased Briar Chemicals, a UK-based company, in FY23 and started on its path to dominating the CDMO industry. The company thinks that this will help it acquire a strong leadership position in the market by allowing it to capitalize on new competencies and become an integrated participant within the agrochemical sector value chain. One of India’s largest outbound acquisitions in the chemical sector, according to the transaction.
Moving forward, Safex wants to launch itself into a greater orbit of achievement. To speed up synergies across the group’s numerous operations, the company is also extending its footprints deeper into the EU, UK, and China region. Shogun Organics created and patent-protected an indigenous chemical called Renofluthrin for use as a home pesticide this year, among other quick breakthroughs. The group’s portfolio in the home insecticide market may soon be strengthened by renofluthrin, which could serve as a catalyst.
Over the next three years, Shogun, now managed by Safex, will actively pursue new production registrations to strengthen its position as a major player in the home insecticides market.
