United Phosphorus Ltd.: Still Rising
9 December 2008 Growing Through Integration
United Phosphorus Limited (UPL) is an India-headquartered global generic crop protection chemicals and seeds company. UPL has its presence across value-added agri inputs ranging from seeds to crop protection and post-harvest activity. The group today has two companies listed on the Indian stock exchange, viz. UPL and Advanta, with a combined market capitalization of approximately US $2.5 billion. The revenues of the company have grown at a CAGR of 26% in the last five years. UPL is a classic example of growth achieved through successful backward and forward integration taking advantage and benefiting from the consolidation opportunity within the agrochemical industry.
“Successfully integrating acquired companies is an activity as challenging as acquiring the company itself, and UPL has developed an in-house team specializing in acquiring and integrating companies,” says Mr. Jai Shroff, CEO.
Rising In Rank
UPL has achieved significant growth, both through organic expansion as well as accretive acquisitions. UPL stood 13th in Agrow’s dollar-based ranking of the leading agrochemical companies in 2006. UPL was the only company in the ranking to record double-digit growth last year, propelling the Indian firm from 18th (2005) to 13th place (2006).
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