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Friday / March 29. 2024
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D Narain (D), the current President of Bayer South Asia; Vice Chairman, Managing Director & CEO of Bayer CropScience Limited (BCSL) and the Global Head of Smallholder Farming for Bayer, will retire by end of November 2023.

Bayer today announced, that after more than 25 years of service, D Narain (D), the current President of Bayer South Asia; Vice Chairman, Managing Director & CEO of Bayer CropScience Limited (BCSL) and the Global Head of Smallholder Farming for Bayer, will retire by end of November 2023. Simon-Thorsten Wiebusch (Simon) will take over as President, Bayer South Asia and as Vice Chairman, Managing Director & CEO of Bayer CropScience Ltd (BCSL) on November 1st, 2023. Simon will take on these new responsibilities, in addition to his current role as Country Division Head (CDH) of India, Bangladesh & Sri Lanka (IBSL) cluster in Crop Science.

Simon moved to India in December 2018 as Chief Operating Officer of IBSL cluster and in partnership with D established the cluster as a strong growth engine for smallholders before being appointed the Country Division Head (CDH) at the beginning of 2022. Simon started his career with Bayer in 1998 from the company’s headquarters in Germany. He built his professional experience by working in multiple divisions of the company across various geographies like Germany, Eastern Europe, and Asia. Before taking over his current role in India, he was the Chief Executive Officer for Bayer’s Crop Science Division in South-East Asia. Simon holds a bachelor’s degree in economics from the University of Applied Sciences in Essen, Germany, and an MBA from the University of Bradford. He has more than two decades of experience in the agriculture industry. He currently lives in Mumbai with his wife Tanja and their children and will continue to operate out of Bayer’s office in Thane, Maharashtra.

D Narain (D), with a career spanning nearly three and half decades in global agriculture, has passionately strived to bring innovative solutions for the upliftment of smallholder farmers globally and with the efforts over the last 5 years, has established the global smallholder business as integral to the long-term growth of the company with a commitment of delivering outcomes of improving smallholder incomes and livelihoods. Over his entire global career, D has also played a pioneering role in bringing financing and risk management models to farmers across the world. In his most recent role, D led the successful integration of Monsanto and has positioned Bayer South Asia as one of the fastest growing regions for the company, a major global talent hub, and expanded ‘Centres of Excellence’ to support multiple global teams. D also with his outstanding ability to lead external engagement and thought leadership to shape the industry, leaves behind a strong network of external relationships and partners for Bayer globally.

Over the coming months, D Narain will work with his successors in India and Germany to facilitate a seamless transition before he retires from Bayer. Even after retirement, D will continue to collaborate with Bayer to expand its partnerships and thought leadership engagements with stakeholders, aimed at improving smallholder incomes and sustainability.

D Narain (D), the current President of

Under this partnership Bayer provided Crystal access to newer innovations and Crystal based on their manufacturing and development strength helped bring new solutions to the Indian market.

 Bayer CropScience and Crystal Crop Protection Limited came together in 2018 to embark on a collaborative project to enhance the productivity of Rice and Cotton farmers in India. Under this collaboration, Bayer provided Crystal access to newer innovations and Crystal based on their manufacturing and development strength helped bring new solutions to the Indian market. Today, Bayer CropScience and Crystal Crop Protection Limited have launched the product, Curbix Pro and Kollar respectively, to aid farmers in tackling plant hoppers, ensuring the best crop protection practices are implemented.

Through this partnership, Bayer and Crystal have provided Indian farmers with solutions to build effective crop protection programs and create strong resistance against pests. As India is the world’s second-largest producer, and the largest exporter of rice, farmer needs and crop dynamics in India differs from the large-scale agricultural operations in western countries. One of the main reasons for crop loss in paddy cultivation is pest attacks. Paddy fields essentially are infested by two types of paddy hoppers, Brown Plant Hopper, or White Backed Plant Hopper, which can lead to huge crop loss. To tackle this issue, Bayer and Crystal will provide farmers with an innovative product, having a unique combination of dual active ingredients against plant hoppers. With this dual action, farmers will be able to ensure lesser crop losses, leading to higher yields.

Speaking on the launch, Simon-Thorsten Wiebusch, Country Divisional Head, Crop Science Division of Bayer for India, Bangladesh, and Sri Lanka said, “The importance of rice to India and even the world’s food security needs cannot be overstated. What impacts rice, impacts the livelihoods of millions of smallholder farmers. Our expertise lies in creating innovative solutions and in building collaborative ecosystems that help deliver the best value to our growers. Curbix Pro will surely be a significant value addition to our vast portfolio targeted at enhancing farmer yields and income. 

“It is another momentous occasion for us to successfully launch Kollar co-developed with Bayer Crop Science. This new offering is a milestone for Crystal’s enhancing R&D capabilities, which will support paddy farmers to enhance their profitability. With this, Crystal now has a very strong and value-driven portfolio for the full crop cycle of paddy crop.” said Ankur Aggarwal, Managing Director, Crystal Crop Protection Limited.

Under this partnership Bayer provided Crystal access

In FY 2022-23, the company registered Revenue from Operations of Rs 51,397 million, compared to Rs 47,344 million in the previous year.

Bayer CropScience Limited announced its results for the financial year (FY) and quarter ended March 31, 2023. In FY 2022-23, the Company registered Revenue from Operations of Rs 51,397 million, compared to Rs 47,344 million in the previous year, registering an overall revenue growth of 9 per cent. Profit Before Exceptional Items & Tax stood at Rs 8,863 million, compared to Rs 7,883 million in the previous year, representing an increase of 12 per cent. Profit Before Tax (After Exceptional Items) increased by 17 per cent from Rs 8,468 million to Rs 9,901 million.

In Q4 of FY 2022-23, the Company registered Revenue from Operations of Rs 9,825 million, compared to Rs 9,633 million in the corresponding quarter of the previous year, delivering a growth of 2 per cent. Profit Before Exceptional Items & Tax for the quarter stood at Rs1,921 million, compared to Rs 1,895 million in the corresponding quarter of the previous year.

Commenting on the quarterly results, Simon-Thorsten Wiebusch, Executive Director, Bayer CropScience Limited said, “Our sales growth in Q4 continued to be driven by strong crop protection sales and consistent performance by our corn seeds business while overcoming some supply constraints faced during the quarter. Although our channel inventory continues to remain at healthy levels, we are witnessing a normalization of Roundup™ prices and availability.”

Speaking on the FY results, Simon Britsch, Chief Financial Officer, Bayer CropScience Limited said, “The steady performance of our crop protection and corn seeds portfolio helped us deliver 9 per cent growth in Revenue from Operations for the financial year. Though headwinds in the form of inflationary pressures led to higher operating expenses, we continued to invest in key initiatives to drive long-term growth. During the year, the company had an exceptional income of Rs 1,038 million arising from the sale of its Environmental Science Business in Q3 of FY 2022-23.”

In FY 2022-23, the company registered Revenue

Bayer CS has identified clusters in 10 states and will aim to assist smallholder farmers with business planning, identification of key enablers, creation of market linkages and knowledge transfer.

Small Farmers’ Agri-Business Consortium (SFAC) and Bayer CropScience Limited have signed a Memorandum of Understanding to form and promote 50 specialised Farmer Producer Organisations (FPOs). In collaboration with SFAC, Bayer CropScience Limited has identified clusters in 10 states and will aim to assist smallholder farmers with business planning, identification of key enablers, creation of market linkages and knowledge transfer, while working to establish 50 Farmer Producer Organizations.

SFAC’s partnership with Bayer CropScience Limited will help strengthen grower collectivisation and support farmer collectives to evolve as profitable and self-reliant business entities. Bayer CropScience Limited is one of the world’s leading innovative crop science companies providing sustainable farming solutions and has conceptualized an initiative with key value chain partners to build capacities of FPOs in India.

SFAC has emphasised the importance of collectivisation and FPOs important role in it. FPOs play a big role in building socio-economic resilience of the farmers, leveraging economies of scale in production and marketing. Value Chain organisations like Bayer has an important role to play in achieving the project’s objective. Its vast experience and outreach will certainly benefit the ultimate primary stakeholder.

Speaking on this milestone occasion, Simon-Thorsten Wiebusch, Country Divisional Head – Crop Science Division of Bayer for India, Bangladesh & Sri Lanka, said, “India is a nation of smallholder farmers. Collectivization in the form of a vibrant and strong network of Farmer Producer Organizations (FPOs) will not only improve farmers’ incomes but also supports the building up of a robust food value chain network to aid India’s food security, supporting food quality improvements and export potential. We as Bayer, are grateful to the Small Farmers’ Agri-Business Consortium (SFAC) for giving us this opportunity of forming 50 FPOs. It brings to life and makes tangible our global commitment of empowering 100 million smallholder farmers by 2030 and providing them necessary resources to enhance their productivity and livelihoods and at the same time also contribute to the development of the Indian agricultural ecosystem.”

The MoU is aligned towards achieving the goal of the Central Sector Scheme launched by the Department of Agriculture, Cooperation & Farmers’ Welfare, Ministry of Agriculture & Farmers’ Welfare, Government of India (“DA&FW”) of forming and promoting 10,000 Farmer Producer Organisations.

Bayer CS has identified clusters in 10