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HomePosts Tagged "Dhanuka Agritech"
Opinions, Sugar industry

The highlight of the event was recognizing an award-winning farmer from Muzaffarnagar, Uttar Pradesh, for excelling in the Sugarcane category with Dhanuka’s unique offerings.

Dhanuka Agritech, a leader in agricultural innovation, was honored to support the sugarcane category at the prestigious 3-day Millionaire Farmers of India (MFOI) event. This landmark event brought together the brightest minds and hardworking hands of the agricultural community, celebrating their dedication and achievements.

At the event, Dhanuka Agritech candidly showcased its innovative agricultural solutions to a wide and diverse audience of farmers, experts, and stakeholders from across India. The highlight of the event was recognizing an award-winning farmer from Muzaffarnagar, Uttar Pradesh, for excelling in the Sugarcane category with Dhanuka’s unique offerings. His remarkable contributions to the sector have set a benchmark of excellence and innovation in farming practices.
The Millionaire Farmers of India (MFOI) Awards is a prestigious event that brings together farmers, agricultural innovators, and leaders from around the world to shape the future of farming. India’s economy and strength are built on the hard work of its farmers, though their efforts are often overlooked. This event aimed to recognize farmers who have transformed agriculture through innovation, resilience, and sustainable practices.

The achievements of the award- winning farmer stand as a powerful example of how innovation can transform agriculture. We extend our heartfelt congratulations to him and all the other awardees, whose exceptional contributions inspire us all.” said Chairman Emeritus Dr. R.G Agarwal – Dhanuka Agritech Ltd. Dhanuka Agritech takes pride in being a partner in the journey of Indian farmers, striving to create a brighter, more sustainable future for agriculture. The company applauds the farming community and extends its support for their continued success in achieving their milestones in the times ahead.

The highlight of the event was recognizing

Agribusiness, Company News, India, People

Anupam has extensive experience of over 34 years brings immense value in marketing of AgriInputs products.

Dhanuka Agritech announced that Anupam Pal has been appointed as Senior Management Personnel under the designation Vice President- Marketing (National Marketing Head) of the Company with effect from 29th July 2024.

In his new role in the Company, he will be responsible for driving impactful strategies in the Marketing Function. Anupam’s expertise will be instrumental in managing the overall product portfolio at Dhanuka leading the marketing of existing products and propelling new products introduction.

Anupam Pal has extensive experience of over 34 years brings immense value in marketing of AgriInputs products. He has worked in the areas of Product Management, Brand Management, and Building & Execution of Business Growth Strategies in Companies like FMC, DuPont, HOECHST, etc. Anupam’s expertise is pivotal in managing overall product portfolio at Dhanuka leading marketing of existing products and propelling new products introduction. 

Anupam holds a Master of Business Administration (MBA) in Marketing from ICFAI Business School in the year 2008 after his B.SC (Agriculture) from Assam Agriculture University. He also completed Executive Development Program in Digital Marketing in the year 2021, from the XLRI, Jamshedpur.

Anupam has extensive experience of over 34

Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Inputs

 Company has reported revenue of Rs. 1758.54 Cr in FY’24 and growth of 3.4 per cent over FY23.

Dhanuka Agritech, one of the leading agri input companies in India, announced its financial results for the fourth quarter of the financial year ending March 2024. The company recorded revenues of Rs 1758.54 Crore for the period ended March 31, 2024, an increase of 3.4 per cent over Past Year of Rs 1700.22 Crore. Company has posted Net Profit of Rs 239.09 in FY24 compared to Rs 233.51 in FY23 registering growth of 2.4 per cent.

The company recently launched several products which will revolutionize the agricultural sector of the country. The products, include LaNevo, MYCORe SUPER and Purge.

Commenting on the Q4 performance, M. K. Dhanuka, Vice-Chairman and Managing Director, Dhanuka Agritech Ltd said, despite the year 2023 recording below-average rainfall (820 mm compared to the usual 868.6 mm) due to El Nino, prevailing volatile and challenging market conditions, the company performed reasonably well. Our new product offerings have received encouraging responses from the farming community.

As IMD forecasts predict above-normal rainfall this year, it would significantly benefit the agriculture sector, especially the kharif season. Accordingly, we at Dhanuka are hopeful of delivering a strong performance and profit stabilization in the current financial year.

Projecting into the current financial year, he said like the last few years, the company plans to launch several groundbreaking products in the current financial year. These advancements will not only revolutionize Indian agriculture but also solidify the company’s position in the competitive agrochemical market. Already, in the month of April-May, we have launched three innovative products including the global introduction of the herbicide ‘Purge’, as well as the launch of insecticide ‘LaNevo’, and bio-fertilizer ‘MYCORe Super’. The initial feedback of the market is phenomenal for all these products, and we plan the introduction of more innovative products over the next few months.

 Company has reported revenue of Rs. 1758.54

Agrotech, Company News, R&D

The two companies will also explore setting up a research & development facility in the country  

Dhanuka Agritech, one of the leading agri-input companies in India, announced that it has signed a ‘Letter of Intent’ with Spain-based Kimitec to explore various business opportunities, including setting up a joint venture in India for the development and commercialisation of biological products using natural molecules & derived from natural sources. 

 The two companies will also explore setting up a Research & Development facility in the country.  

Biological products are derived from natural sources using botany, microbiology, microalgae, and bioinformatics. These represent a sustainable category of products providing crop protection, soil health, and plant nutrition. These products can be used individually or in combination with conventional chemical products as per the requirements. 

 “As part of our continuous effort to offer the best products and solutions to the Indian farming community, we have signed a non-binding Letter of Intent with Spain’s Kimitec to explore various business opportunities, including setting up a joint venture in India and an R&D facility, as well as the commercialization of biological products. The demand for biological products is increasing globally, and we see an uptrend for these products in India too.” said Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech. 

Kimitec, is a cutting-edge biotech company & founder of MAAVi Innovation Center, the largest European biotech innovation hub dedicated to natural molecules. Kimitec has implemented a revolutionary AI platform at MAAVi Innovation Center. Known by the name of LINNA this AI platform is already providing Kimitec with around 35 per cent of candidate compounds for product development.

“As part of our mission to change the way food is produced globally, we have identified Dhanuka Agritech Ltd as a perfect partner to bring our natural yet as effective as chemicals solutions to farmers in India,” said Félix García, CEO of Kimitec.

Kimitec operates in more than 100 countries around the world and collaborates with MNC’s to develop and commercialize biological products for B2B and B2C markets.

Dhanuka Group already has tie-ups with seven leading agrochemical companies from the US, Japan, and Europe, to introduce the latest technology and products in India. 

The two companies will also explore setting

Agribusiness, AgroPolicy, India

Experts from the agri sector have praised the announcement that aims to encourage more private and public investment in areas of post-harvest activities

The agricultural sector has expressed its appreciation for the Union Budget 2024. Experts from the agri sector have praised the announcement that aims to encourage more private and public investment in areas of post-harvest activities. This includes aggregation, modern storage, efficient supply chains, primary and secondary processing, as well as marketing and branding. This step is considered laudable and has been welcomed by the industry.

MK Dhanuka, Managing Director, Dhanuka Agritech said,

“We commend the Finance Minister Nirmala Sitharaman’s budget announcement for adhering to the path of fiscal consolidation and yet presenting a far-sighted budget.  The announcement to further encourage private and public investment in areas of post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding is a laudable step. The move will help reduce huge wastage and in turn, help in enhancing farmers’ income. The focus on promoting ‘Research & Development’ as well as on technological advancement in various aspects including agriculture is also a step in the right direction. The decision to promote the application of Nano DAP on various crops in different agro-climatic zones is in line with the Government’s vision of promoting technological advancement in the rural sector. We have already witnessed the huge amount of savings to the tune of Rs 2.7 lakh crore that ‘Direct Benefit Transfer’ has resulted in.”

Amit Patjoshi, CEO, Palladium India said,

“We commend the government’s strong commitment to the agricultural sector evident in the Budget. The focus on value addition and income augmentation for farmers is pivotal, and the success of initiatives like Pradhan Mantri Kisan Sampada Yojana, benefiting 38 lakh farmers, is truly commendable. The support extended through Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana, assisting 2.4 lakh SHGs and 60 thousand individuals, reflects a holistic approach towards empowering the agricultural community. The emphasis on reducing postharvest losses and enhancing productivity aligns with the sector’s long-term sustainability. Furthermore, the launch of schemes promoting climate-resilient activities for the blue economy 2.0 is a forward-looking step. This integrated and multi-sectoral approach for coastal aquaculture and mariculture, coupled with restoration and adaptation measures, holds promise for sustainable growth. Overall, this budget signals a positive trajectory for the agricultural sector, laying the foundation for a more resilient and prosperous future.”

Mohan Kumar Mishra, Secretary, National Council of Cooperative Training (NCCT) said,
“This budget is people-centric and focuses on agriculture, rural development, and fisheries, with a strong emphasis on farmer cooperatives and value addition.
Many initiatives are continuations of previous budgets, aiming to strengthen the rural credit structure. Primary Agriculture Cooperative Credit Societies (PACS) are expected to emerge as multi-service centres for rural prosperity with financial support and credit availability.”

Dr Sat Kumar Tomar, Founder & CEO,  Satyukt Analytics said, “The Budget 2024 has resonated positively with the agriculture sector, aligning with our expectations for a technologically driven, sustainable farming approach. While the integration of IoT devices for precision farming wasn’t explicitly mentioned, the focus on farmers is evident. Crop insurance coverage for 4 crore farmers under the PM Fasal Bima Yojana ensures risk mitigation. Additionally, the announcement of rooftop solarisation benefiting 1 crore households aligns with sustainable farming goals. The commitment to Direct financial assistance for 11.8 crore farmers under the PM Kisan Samman Yojana reflects a dedication to enhancing the 3Ps of agricultural business: productivity, predictability, and profitability. However, the industry was expecting more industry-centric announcements in this budget to further catalyze growth and innovation in the agricultural sector.”

Jinesh Shah, Managing Partner, Omnivore opined, “Despite the brevity, the interim budget offered some interesting interventions. Specifically in the agriculture sector, encouraging public-private partnerships for post-harvest activities can directly address the chronic issues around food waste, low-capacity utilization of processing units, and standardised quality. India’s dependence on edible oil imports has been a shadow on the atmanirbhar sentiment of the country. With the Atmanirbhar Oil Seeds Abhiyan, a reboot of the Yellow Revolution is afoot. This not only serves to make India self-sufficient in edible oil but also, with efficient implementation, will have a lasting impact on farmer incomes.

One of the most interesting aspects of the budget was the emphasis on green initiatives, specifically on alternative materials. The government’s support of regenerative practices will provide young startups in this space the necessary credibility in the global markets.”

Experts from the agri sector have praised

Agro Universities, R&D, Sustainability

The MoU will provide further impetus to agricultural research and expansion activities

Dhanuka Agritech Ltd, India’s leading agri-input company, has signed an MoU with Bikaner-based Swami Keshwanand Rajasthan Agriculture University (SKRAU) to aid and promote soil management, availability of quality seeds, plant protection, better yield of crops and easy transfer of agri innovations’ benefits to the farmers. 

The Memorandum of Understanding (MoU) was signed by R.G. Agarwal, Chairman, Dhanuka Agritech Limited, and Dr Arun Kumar, Vice Chancellor, SKRAU, Bikaner.

Briefing about the development, R. G. Agarwal, Chairman, of Dhanuka Group emphasised that agricultural knowledge, quality seeds, increasing the yield capacity of soil, water conservation in farming, and plant protection are fundamental requirements of farmers today. To enable this, the University and Dhanuka Group will work together. He also proposed to develop an ideal agricultural village through joint efforts and offered to provide scholarships, internships, and employment to the students of the university.   

Dr Prakash Singh Shekhawat, Research Director of SKRU said that the MoU will provide further impetus to agricultural research and expansion activities. Presiding over the function organized in the ‘Vidya’ pavilion of the university, Dr Arun Kumar, Chancellor said that the MoU will not only facilitate knowledge of the right medicines for plant protection but also Dhanuka Agritech will make arrangements for the availability of medicines through an outlet outside the university. 

The MoU will provide further impetus to

Agro chems – Chemicals, Company News, Finance, India

Company’s total income rose by 14 per cent to Rs 617.92 crore in the July-September period of from Rs 542.90 crore a year ago.

Agrochemical major Dhanuka Agritech reported a 39 per cent rise in its net profit to Rs 101.77 crore in the September quarter. Company’s net profit stood at Rs 73.02 crore in the year-ago period. Total income rose 14 per cent to Rs 617.92 crore in the July-September period of from Rs 542.90 crore a year ago, the company said.

“The company did reasonably well during challenging times amid erratic rainfall, falling prices, and subdued exports demand,” Dhanuka Agritech Managing Director M K Dhanuka said in a statement.

“The uneven rainfall in the country also impacted our revenue and bottom line. We are cautiously optimistic about the demand in the remaining part of the fiscal year amid El Nino conditions and global inventory in the agrochemicals”, he added.

The demand for agrochemicals is expected to improve in the third quarter of the fiscal onwards, the MD noted.

“In the backdrop of higher MSPs for the rabi crop announced by the government, and increased water levels in the reservoirs, the demand for agrochemicals in the domestic market is expected to improve,” Dhanuka said in the statement.

During the second quarter of the current financial year, the company brought two new products into the market Tizom and Semacia, which have been very well received by farmers.

Dhanuka Agritech mentioned that it is working on both medium-term and long-term strategies to further expand its market, both in terms of products and geographies. The company has four manufacturing units in Gujarat, Rajasthan, and Jammu & Kashmir.

Company’s total income rose by 14 per

Agro chems – Chemicals, Agro chems – Pesticides, Company News, India, Inputs

With this new introduction and a strong pipeline for this year, Dhanuka Agritech is optimistic to augment its position in the crop care product segment.

Dhanuka Agritech Ltd., one of the leading agri-input companies in India, strengthened its crop care portfolio by introducing a powerful new insecticide — DEFEND®.DEFEND® contains Triflumezopyrim 10% SC and gives complete protection from hoppers. Pyraxalt™ active, the active ingredient of DEFEND® insecticide inhibits the neurotransmission in affected insects, thus controlling their spread and completely wiping them away. DEFEND® gives immediate protection from first generation Brown Plant Hopper (BPH) and White Backed Plant Hopper (WBPH) in just one application on paddy. It gives effective control on different life stages of the insect.

With this new introduction and a strong pipeline for this year, Dhanuka Agritech is optimistic to augment its position in the crop care product segment. Dhanuka Agritech launched two selective herbicides, Mesotrax and Implode in the Q1 FY2023-24. It also diversified its crop care range introducing BiologiQ, a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices. Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline. Dhanuka’s growth story remains strong and consistent as we focus our efforts on serving the needs of Indian farmers.

Dhanuka acknowledges the role of Indian farmers in nation-building and devotes Dhanuka’s efforts toward Indian farmers’ betterment. Dhanuka’s products, services, and work are Dhanuka’s dedication to all the farmers of India — India Ka Pranam Har Kisan Ke Naam.

With this new introduction and a strong

Company News, Foodgrains, India, Sustainability

Dhanuka announces its entry into the agri-biological segment of crop care and crop nutrition products by launching BiologiQ

Dhanuka Agritech announced its entry into the agri-biological segment with the launch of its BiologiQ range of products. BiologiQ is a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices.

 BiologiQ represents a broad category of crop protection, soil health, and plant nutrition products that are derived from nature. BiologiQ products can be used individually or in combination with conventional chemical products under an Integrated Pest & Nutrition Management (IPNM) plan to produce powerful results for the crop and the soil. BiologiQ portfolio supports the 4Rs – Resistance, Residue, Resurgence, and Soil Rejuvenation management with different action modes, resulting in increased crop yield and farm productivity.

Three introductory products in the BiologiQ range are Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological wilticide.

Speaking about BiologiQ, M K Dhanuka, Managing Director of Dhanuka Group said, “We are launching three biological products Whiteaxe, Downil, and Spornil in the bio-agri segment. This segment is increasing globally, and we see good demand for these products in India as well. We hope that in times to come we will be introducing some more biological products in our BiologiQ range.”

‘’BiologiQ will help in filling the gaps that are currently being created by the use of chemical solutions alone. We have seen that our biological products when used alone or alternately with chemical solutions under an integrated plan can produce impactful results. It also helps in addressing resistance building among pests due to regular use of chemicals.’’ said Manoj Varshney, National Marketing Head of Dhanuka Agritech. 

Dhanuka Agritech further strengthened its herbicide portfolio by introducing two selective herbicides Implode and Mesotrax.

With these new introductions, Dhanuka Agritech is optimistic to strengthen its position in the crop care product segment. Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline. Dhanuka will be launching 2 to 3 new 9 (3) molecules for the first time in India. Apart from these, the company will also introduce 3 to 4 molecules under section 9 (4) or co-market them. Dhanuka’s growth story remains strong and consistent as we focus our efforts on serving the needs of Indian farmers.

Dhanuka announces its entry into the agri-biological

Company News, Finance, India

FY 22-23 net profits rise to Rs 233.51 Cr

Dhanuka Agritech recorded revenues of Rs 371.23 crore for the quarter ending March 31, 2023, an increase of 16.6 per cent over Rs 318.30 crore in the previous fiscal. The company announced its financial results for the fourth quarter of FY 2022-23 ended in March 2023.

Dhanuka Agritech clocked Rs 65.31 crore net profit during the January – March quarter, registering a 20.3 per cent growth over the same quarter of the previous fiscal year. For FY22-23 the net profits stood at Rs 233.51 crore, an increase of 11.8 per cent over last fiscal.

The company recorded revenues of Rs 1700.22 crore for the period ended March 31, 2023, an increase of 15.1 per cent over Rs 1477.78 crore in FY21-22. Profit after tax was Rs 233.51 crore, as compared to 208.78 crore in the previous fiscal.

Commenting on the performance, M. K. Dhanuka, Vice Chairman and Managing Director, Dhanuka Agritech Ltd. said “I am pleased to inform that Dhanuka Agritech has achieved a turnover of 1700 crores first time in its history. The net profits are 233 crores, which is the highest since the inception of the company. This achievement is commendable despite all odds. The rainfall was erratic both in Karif and Rabi seasons. The pest infestation was also low due to which many sprays were missed out by the farmers. Despite these factors, the company was able to post good figures.”

“Although the sky met is forecasting El Nino for the current season.  We hope there is no major impact on the consumption of the products. We expect double-digit volume growth in this financial year.” M. K. Dhanuka said.

The company recently launched new products to augment its offering portfolio and enter the new agri-biological segment with the launch of its BiologiQ range of sustainable agri products. Three introductory products in the BiologiQ range are Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological silicide. Apart from these, Dhanuka further strengthened its herbicide portfolio by introducing two selective herbicides Implode and Mesotrax.

FY 22-23 net profits rise to Rs

Agrotech, Company News

Leading agricultural drone manufacturer IoTechWorld Avigation Private Limited has revealed that it is aiming a multi-fold growth in both values and volume terms in the current fiscal. The Gurugram-headquartered company is targeting to sell more than 1,000 kisan drones during 2022-23 and is eyeing to capture a good share in the market, estimated to be Rs 5000 crore by 2025-26. 

To fund its growth, India’s first type certified drone manufacturer is in advanced talks with investors to raise funds, which will be utilised for expansion. Last year, the company raised around Rs 30 crore from leading agrochemical company Dhanuka Agritech. The company has also been selected for the Production Linked Incentive (PLI) Scheme for Drone & Drone components by the government of India.

According to Deepak Bhardwaj and Anoop Upadhyay, Co-founders, IoTechWorld Avigation, the company is working to make all components indigenous within one to two years and is also developing village level entrepreneurs and service partners to increase employment.  “Clearly, the growth opportunity is humungous and IoTechWorld Avigation is likely to gain major share of the kisan drone market,” the founders added.

So far, the company has conducted many campaigns and drone yatra of 15000 km across India for educating farmers on the benefits of using drones in agriculture. It has centres in 12 states and will open a Remote Pilot Training Organisation (RPTO) with different state governments to offer low-cost pilot license course.

“IoTechWorld Avigation has launched a bike back drone model and new Lithium Ion batteries to reduce the cost of operating and increase the mobility of drones. ICAR, KVKs, state agri universities have procured drones from us and now we are enabling them so that they can give demonstration and can educate the local farmers,” said Bhardwaj and Upadhyay.

“Our company is working with almost all major plant protection chemical manufacturing companies and working to increase the bio-efficacy of all plant protection chemicals. We are also empanelled with various state governments like Madhya Pradesh,” they added.

As per a recent report by FICCI–EY, the drone market is likely to become $30 billion by 2030 and agriculture drone market is estimated to contribute around 30 per cent of the overall market share.

Leading agricultural drone manufacturer IoTechWorld Avigation Private

Agro chems – Pesticides, Agrotech

Cornex and Zanet has been initially launched in Maharashtra and will be available soon in other parts of the country

Dhanuka Agritech has launched a herbicide and a fungicide for maize and tomato crops. The herbicide is targeted for the protection of maize crops by weed management whereas the fungicide has been introduced focussed on tomato crop protection from fungus and bacteria. The two products Cornex and Zanet have been launched in Maharashtra and will be soon available in other parts of the country. 

Cornex has been developed in technical collaboration with Nissan Chemicals, Japan and is based on Japanese technology. Zanet has been developed in collaboration with two Japanese companies, Hokko Chemical Industry and Nippon Soda, Japan.

Cornex and Zanet has been initially launched