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Bayer CropScience
BSE: 506285|NSE: BAYERCROP|ISIN: INE462A01022|SECTOR: Pesticides/Agro Chemicals
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Company History - Bayer CropScience
YEAR                        EVENTS   
 1958 - The Company was Incorporated.  The Company was converted into
               public limited Company on 28th December 1996.  The
 Company
               manufacture and deal in insecticides, fungicides,
 Weedicides and
               other chemicals for plant protection purposes, domestic
 and
               public health products, rubber chemicals and
 pharmaceuticals.
 
 1963 - The Name of the Company was changed from Bayer Agrochem Pvt. 
               Ltd., to Bayer (India), Ltd.
 
 1964 - Shares subdivided.  Allotted 1,46,160 shares to Farben
 Fabriken
              Bayer A.G. and 58,570 shares to directors, etc. 56,270
 shares
              offered at par to the public in January 1965.
 
 1967 - In July, 35,000 right shares issued at par (prop. 2:15).
 
 1968 - 4,335 shares issued to foreign collaborators.
 
 1972 - 60,000 bonus shares issued in prop. 1:5.
 
 1975 - 32,250 right shares issued (prem. Rs 100 per share; prop.
 1:10.
 
 1977 - 3,92,250 Bonus shares issued in prop. 1:1.
 
 1978 - 26,500 shares issued (prem. Rs 100 per share); 9,000 shares
 to
              employees & 17,500 shares to UTI.
 
 1986 - Letter of Intent which was received earlier for the
 manufacture
              of cypermethrin equivalent to 20 tonnes of 100%
 technical
              material was converted into an industrial licence.
 
 1987 - 8,11,000 Bonus shares issued in proportion 1:1.
 
 1988 - Government's clearance was received for the manufacture of
 methyl 
              parathion 2% dust at Himatnagar in Gujarat State.
 
           - The Company's R&D unit carries out research on a wide
 spectrum
              of products viz., insecticides, herbicides and
 fungicides.  New
              formulations of Bayer, Bayleton, Folithion WP40, Bilfol
 and 
              Rocomin Tracking powder were developed with indigenous
 raw 
              materials.
 
            - Farbenfabriken Bayer A.G., Leverkusen (West Germany),
 the holding
               company holds 8,27,256 No. of equity shares of the
 Company.
 
            - Miles India Ltd., has allotted 287,350 No. of Equity
 shares of
              Rs 10 each to the Company.
 
 1989 - New products such as bayleton, a systemic fungicide, Bilfol 20
 an
              insecticides and Recumin a rodenticide received
 registration
              under the Insecticides Act.
 
 1992 - The Company introduced Technicon line of automated chemistry
              and Haemotology systems.
 
 1993 - The Agrochemicals division introduced sencor - a herbicide
 for
              sugarcane, potato, tomato etc, Bayor - a fungicide for
 tea and
              apples and Bilchlor - a herbicide for rice.
 
           - The Diagnostic Division introduced Bayer Diagnostic
              State-of-the-art Technologies.  During the year, the
 Chemicals
              division undertook to set up a testing laboratory for
 dyes and
              intermediates.
 
 1994 - Two new products viz. Bayrusil, an insecticide and Bilron, a
               weedicide for wheat were launched and introduced new
 products,
               viz. Sencor, Bayleton, Baycor and Bilchlor.
 
            - The health care division introduced new products such as
 Baycort
               (anti fungal ointment), Autan - a mosquito repellant
 lotion,
               Racumin - a new generation rodenticide and Diphyl - a
 heat
               transfer fluid were launched in the market.
 
 1995 - The health care unit launched `Adalat Oros' a
 state-of-the-art
              cardiovascular drug manufactured using laser technology.
  The
              consumer care unit launched `Avtar' a mosquito repellent
 lotion.
 
           - During the year, the Company set up a new business group
 for
             `plastic' to focus on the specific needs the fast growing
 market
             for engineering plastics.
 
          - The Agrochemicals group and the healthcare group launched
             `Bilfen' a controller of harmful insects and `Bayclip' a
              ciprofloxacin were launched respectively.  In the field
 of 
              consumer care products, solfac used to control Malaria
 was
              launched.
 
 1996 - Synthetic pyrethroid Bilfen was introduced during the year. 
 New
              products launched were Baycip (ciprofloaxin) and Solfac
 used in
              the control of Malaria.
 
 1997 - New products launched during the year were Kelthane, an
 acaricide
              used for control of mites, Goal a weedicide and
 Karathane a
              fungicide used for control of powdery mildew.  Baygon
 Knockout a
              flying insect killer aerosol and Baygon coil were test
 marketed.
 
           - Bayer Industries Ltd, the 100 per cent Indian subsidiary
 of
             German giant Bayer AG, is hiking its open offer price for
 the
             acquisition of shares in the Vadodara-based ABS
 Industries Ltd.
 
           - Bayer Industries Ltd. has received the requisite
 permission from
              the Foreign Investment Promotion Board (FIPB),
 Department of
              Company Affairs and the Reserve Bank of India to proceed
 with
              its investments announced joint ventures.
 
           - The company entered into a joint venture with the Indian
 Syntans
              group, Chennai, to manufacture and sell leather
 chemicals.
  
           - Bayer (India) Ltd's Thane plant was awarded the safety
 award in
              recognition of it's excellence in industrial safety
 performance
              among the large chemical units in Thane for the year
 1996 by
              the Thane Manufacturers Association (TMA).
 
           - Assumptions wage hike ranging between Rs 1,582 and Rs
 3,120 per
              month, additional credit facilities and access to
 holiday
              resorts are some of the highlights of a wage agreement
 that
              will benefit 850 employees of pharmaceutical major Bayer
 India
              Limited.
 
           - Bayer AG has set up a wholly owned subsidiary called
 Bayer
              Industries Ltd, which will make and market chemicals
 and
              healthcare products and source raw materials for the
 German
              multinational's global requirements.
 
           - Bayer ABS Industries the joint venture between Bayer
 Industries
             and Baroda-based ABS Industries plans to reach a capacity
 of
             2,000 tonnes of high grade engineering plastics by the
 end of
             1998.
 
           - The company had entered into separate agreement with its
              distributors and stockists as far as discounts were
 concerned.
 
 1998 - Bayer India has launched Glucobay, an oral anti-diabetic and
              research product of its German parent Bayer AG.
 
           - The company has launched Baygon Genius Liquid vaporiser
 in the
              northern and western markets.
 
           - Bayer has launched Baygon Genius Liquid Vaporiser.
  
           - German multinational Bayer is likely to compensate its
 Indian
              subsidiary for the recent transfer of a host of
 pharmaceutical
              brands to its newly-formed joint venture with the
 Ahmedabad-based
              Zydus group.
 
           - The company's leather chemicals joint venture will
 manufacture
              and market over 400 Bayer leather processing products.
 
 1999 - Subject to necessary approvals, the scheme of amgalamation of
              Jagat Chemicals Ltd. with the company has to become
 effective
              from Janaury 1st.
 
           - Bayer-Zydus, the proposed pharma joint venture between
 the over
              DM 55 billion Bayer AG of Germany and the
 Ahmedabad-based Zydus
              group has failed to take off eight months after it was
 formally
              signed leaving a question mark over its future.
 
           - Bayer India is planning to merge its 100 per cent
 subsidiary
             Jagat Chemicals with itself.
 
           - Bayer has introduced two products, Gaucho 70 WS and
 Confidor
             200SL, and cotton farmers will receive cotton seed
 treated
              with Gaucho.
 
           - Bayer India is a 51 per cent subsidiary of the
 Germany-based
             Bayer AG.
 
           - The company is participating for the first time in an
               international competitive bid for a malaria control
 project aided
               by the World Bank.
 
           - The Indian subsidiary of multinational Bayer AG will spin
 off
               its entire photographic and medical equipment division
 into a
               separate entity under the Agfa brand.
 
 2000 - Bayer India that it is spinning off its pharmaceutical
 business
              into a new company, Bayer Pharmaceuticals, which will be
 a
              full-owned subsidiary of parent Bayer AG.
 
           - Bayer has introduced Baygon Cockroach Specialist and
 Baygon 
             Mosquito Specialist - two specialist aerosol sprays in
 the Indian markets.
 
           - Drug major Wockhardt Ltd and German chemicals and drugs
 group
              Bayer AG signed a marketing pact for a Bayer drug.
 
 2002- Mehernosh Homi Kapadia appointed as Compliance Officer of
 Bayer.
 
 2002
 
 -Appoints Mr Mehernosh Homi Kapadia as the compliance officer.
 
 -Shifts its Head Office from Mumbai to Thane.
 
 -Indian Syntans Investments raises its objection to the company's
 open offer to minority shareholders of Aventis Cropscience.
 
 -Sebi approves BSC's open offer of Rs.157 per share of Aventis
 Cropscience India.
 
 -Board approves for the sale/disposal of the Household Insecticides
 business of the Consumer Care Division.
 
 2003
 
 -Minitry approves Bayer's proposal to convert Aventis into a 100%
 subsidiary.
 
 -Board approves for the Scheme of amalgamation of Bayer Cropscience
 India Ltd with the company.
 
 -Mr Stephen Gerlich, appointed as Director and MD of the company in
 place of Mr Dieter Kambeck .
 
 -Board approves for the formation of 100% subsidiary and transfer of
 non-cropscience business of the company to such subsidiaries.
 
 - Mr S Gerlich ceases to be the Managing Director of the company wef
 closing hours of December 19, 2003, but continues to be the Director
 on the Board. He has been designated as the vice Chairman of the
 Company.
 
 - Mr SM Kulkarni ceases to be a Director of the company wef the
 closing hours of December 19, 2003.
 
 - Mr HV Goenka and Mr DC Shroff cease to be Directors on Board wef
 the closing hours of December 19, 2003.
 
 -Bayer (India) Ltd is to be renamed as Bayer CropScience Ltd. This
 decision is pursuant to the merger of Bayer (India) Ltd and Bayer
 CropScience India in 2003.
 
 2008
 
 -Bayer CropScience Ltd has appointed Mr. Kaikobad Mistry as a
 Director in the casual vacancy on the Board of the Company with
 effect from, July 01, 2008.
 
 2009
 
 - The Board has recommended a dividend of Rs 2.80 per share.
 
 2010
 
 -  Board  has recommended a dividend of Rs. 4/- per share.
 
 - Bayer Crop - Status of production activities at Ankleshwar.
 
 2012
 
 - Board has recommended a dividend of Rs. 4.2/- per share.
 
 - Mr. Rajiv Wani has been appointed as the Company Secretary and
 Compliance Officer.
Source : Dion Global Solutions Limited
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