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HomePosts Tagged "Joint Venture"
Agribusiness, Agro chems – Chemicals, Company News, India, Speciality Chemicals

The Joint Venture company is expected to commence commercial supplies by Q1 FY 2026-27.

Agrochemical major and a leading player in the Indian specialty chemicals industry, UPL has announced that the company has entered into a 50%-50% joint venture (JV) partnership with Aarti Industries (AIL), a leading player in specialty chemical intermediates for manufacturing and marketing of specialty chemicals that find application in multiple downstream industries.

This arrangement is a first of its kind partnership between two large Indian companies to develop, manufacture and market the downstream and value-added chemical intermediates for global markets. This arrangement builds on the existing relationship of AIL and UPL that spans over two decades.

The JV shall engage in supply of downstream derivatives of amines that have diverse applications in agrochemicals and paint industries. The arrangement combines the strengths of the two partners, with AIL and UPL providing key raw materials for manufacturing the desired chemicals.

The JV company is expected to commence commercial supplies by Q1 FY 2026-27 with a peak annual revenue potential of Rs 400-500 crore in next 2-3 years.

Raj Tiwari, CEO of UPL Specialty Chemical Business, said, “This is a landmark deal among two Indian chemical powerhouses coming together to deliver innovative specialty chemicals to the world”.

This collaboration is in-line with our broader strategy of expanding into downstream derivatives of newer chemistries to spearhead the growth of specialty chemicals platform. This arrangement will leverage on long standing relationship between UPL and AIL and the manufacturing capabilities of the two companies.

UPL is mainly engaged in the agro business of production and sale of agrochemicals, field crops, vegetable seeds and non agro business of production and sale of industrial chemicals, chemical intermediates, speciality chemicals.

The Joint Venture company is expected to

Agrotech, Company News, Finance, India, Institutions, Start ups

The two companies will hold a 50-50 % stake in the new company under the JV.

Noida based Leads Connect Services, a premier agritech data, risk management, and financial services company, and Ensuredit, an AI-based platform that brings efficiency to the insurance distribution cycle, are delighted to announce the signing of a Memorandum of Understanding (MoU) to establish a strategic joint venture (JV) named ‘Leads Ensuredit Private Limited’.

The collaboration harnesses the power of technology, data analytics, and industry insights to improve the financial resilience of farmers and agribusinesses by developing tailored insurance products that help with enhanced risk management.

Leads Connect has been a leading force in pioneering inventive solutions for the agricultural sector, catering to the diverse requirements of farmers, agribusinesses, and financial institutions. It has brought about a paradigm shift in agricultural financing, ensuring effortless access to capital and financial services for farmers throughout the country.

Ensuredit, an established platform-as-a-service (PaaS) insurtech provider in India, has positively impacted millions of individuals and businesses, transforming the insurance industry through state-of-the-art technological solutions.

The collaboration combines the proven expertise and capabilities of both organisations. It creates a dynamic fusion of agricultural knowledge, agri-research, disaster risk management, and an understanding of insurance technology to provide a short- and medium-term product roadmap for farmers and agribusinesses.

The primary objective of the joint venture is to build a futuristic insurtech infrastructure that will provide comprehensive insurance solutions and drive innovation in the agri-insurtech sector. In the initial phase following the formation of the joint venture, the focus will be on expanding service offerings in national and international markets.

Both Leads Connect Agritech and Ensuredit are committed to the success of the JV and will provide all resources to ensure its growth and development. Furthermore, Leads Ensuredit plans to hire an initial core team of 7 to 8 people, which will be expanded based on business growth needs.

Amit Boni, CEO of Ensuredit, commented, “We are thrilled to partner with Leads Connect in this exciting joint venture. The signing of the MoU and the alliance are history in the making.

By springboarding on each other’s strengths, we’ll be offering unique value to the sector. With Leads Ensuredit, we aim to make a positive impact by providing farmers with innovative agri-fintech solutions that enhance their productivity, mitigate risks, and improve the overall ecosystem.”

Navneet Ravikar, Chairman & Managing Director, Leads Connect Services, expressed great enthusiasm about the joint venture, stating, “Leads Ensuredit represents an unprecedented opportunity to transform the agricultural landscape by leveraging the power of agritech, fintech, and insurtech. By combining our agricultural expertise with Ensuredit’s technological prowess, we are confident that we can deliver ground-breaking financial inclusion that will empower everyone and contribute to the sector.”

The two companies will hold a 50-50