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Wednesday / February 21. 2024
HomeCompany NewsKotak Strategic Situations India Fund invests Rs 375 Cr in agro chemical company Cropnosys

Kotak Strategic Situations India Fund invests Rs 375 Cr in agro chemical company Cropnosys

Cropnosys plans to use the capital for scaling up its manufacturing capabilities and bolstering its products suite.

Kotak Strategic Situations lndia Fund ll (“KSSF I1”), managed by Kotak Alternate Asset Managers Limited(“KAAML”), announced an investment of Rs 375 crore in Cropnosys (India) Private Limited (“Cropnosys”).

Cropnosys is an emerging agrochemical player focused on niche high value technicals. It has long standing relationships with some of the world’s largest agrochemical formulators. Over the years, Cropnosys has carved its space as a reliable, cost competitive and high-quality agrochemical technical player focused on complex and niche products.

With this funding, the Company plans to scale up its manufacturing capabilities and bolster its products suite. Cropnosys is also focused on bringing to market its unique portfolio of organic biofertilizers.

Rahul Shah, Partner, Kotak Strategic Situations Fund at Kotak Alternate Asset Managers Limited said, “We are delighted to partner with Cropnosys to fund their next phase of growth. India has emerged as the leading exporter of agrochemicals globally on the back of its strong manufacturing ecosystem, proven track record and cost competitiveness.”

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