I feel immense pleasure in expressing my feelings and gratitude to you
for the trust and confidence poised on us. This year we have many
milestones that I will share with you, along with the achievements and
Agriculture in India has a long history dating back to ten thousand
years. Indian agriculture began by 9000 BC as a result of early
cultivation of plants, and domestication of crops and animals. Indian
products soon reached the world via existing trading networks and many
foreign crops were introduced. Today, India ranks second in world farm
output. According to World Bank. Indian Branch: Priorities for
Agriculture and Rural Development, one of the reasons of low
productivity in India is adoption of modern agricultural practices and
use of technology is inadequate.
The agricultural production is notable to cope up with the increasing
demand for food due to population explosion. This gap can be narrowed
by shortening the difference between potential production and actual
production with use of efficient and innovative technology to enhance
per hectare productivity of agricultural land.
We, at Insecticides (India) Limited (IIL) invest significantly in the
research and development for higher quality agriculture production.
At IIL we approach each challenge armed with our knowledge of
agri-science & motivated by our commitment to increase crop yield.
Recently our F&D center has also bagged NABL accreditation.
Our new manufacturing facilities at Udhampur and Dahej have started
their operations to cater the increasing demand and increase the
spectrum of our prooucts. This will enable us to reduce the time cycle
of our supplies. These are state of the art manufacturing facilities
with fully automatic machines as well as packaging.
To strengthen the leading product line of Lethal, Victor and Thimet.
this year we have also acquired one of the biggest brand of
agrochemicals MONOCIL. an insecticide. To create a niche for our
products, we have also signed renowned actor Sunlel Sbetty to endorse
for our products. We are presenting Suniel Shetty as a representative
of the modern farmers using all the modern agri techniques. With Global
collaborations and national tie-ups. IIL has placed new challenges for
itself and is all set to extent towards new pinnacle.
I would also like to share that your company has been graded 3 out of 5
by CRISIL for equity research.Your company has also been rated A
Stable for long term and P1 for short term funding.
I would also like to share with you. that your company has achieved a
turnover of Rs. 477.90 Cr. with an increase of 20 % and PAT of RS. 32.21
Cr. wilh an increase of 14% compared to last fiscal. Company''s scrip
has also touched all time high of Rs. 352. Wilh our vision to think
ahead of times I am sure that this is just fine beginning.
On this note, I would like to thank all our board of directors.
bankers, employees, vendors, customers, associates, experts of agri
community, government bodies and shareholders for their continuous
support, which has contributed immensely in taking your company to new