Godrej Agrovet
Globally, India is the second largest producer of fruits and vegetables, rice, wheat, groundnuts, cashew, and tea.
Godrej Agrovet is part of Godrej Group, one of the largest Indian conglomerates. The company has interests in diversified agriculture-related businesses. It operates across five business verticals which include animal feed, crop protection, oil palm, dairy and poultry and processed foods. Animal feed is the largest business of the company, contributing over 49.4% of its revenues in FY22. It is one of the largest organised players in India’s compound animal feed market.
The revenue of the company reached Rs. 2,517.5 crore (US$ 315.62 million) in the first quarter of FY23.
- A diversified, R&D focused agri-business company
- Second largest player in India’s processed poultry segment
- One of the largest players in animal feed business in India
- 62 manufacturing plants
- Two R&D centres
Godrej Agrovet – brighter farming
| Year | Milestone |
|---|---|
| 2023 |
Godrej Agrovet would invest US$ 30.58 million (Rs. 250 crore) in an oil palm unit in Telangana in April 2023. In March 2023, Godrej Agrovet signs an agreement with the AP government to establish an edible oil refining facility worth US$ 12.23 million (Rs. 100 crore). The company already owns a 45,000-hectare oil palm planting land in Andhra Pradesh (AP). The proposed new facility will be built in Seethanagaram, Eluru District, AP, and will have a refining capacity of 400 tonnes per day. Godrej Agrovet Ltd. has introduced a ground-breaking initiative called Samadhan, a one-stop solution centre for oil palm farmers, under its Oil Palm business. In January 2023, Godrej Agrovet received Indian Oil Palm Certification under IPOS Framework |
| 2022 |
Godrej Agrovet signs MoUs with three north-easter states (Assam, Manipur and Tripura) for oil palm cultivation Punjabi University has signed a research based consultancy project with a leading agribusiness group, Godrej Agrovet, Mumbai. The agreement was signed by university Vice Chancellor Professor Arvind and NK Rajavelu, CEO, Godrej Agrovet – Crop Protection Business Division. Godrej Agrovet Limited launched Gracia (Fluxametamide, an isoxazoline compound) in the Indian market. It is a patented chemistry discovered and developed by Japan’s Nisan Chemical Corporation and will be introduced in India through collaboration with Godrej Agrovet. Godrej Agrovet Limited (GAVL) is planning to invest Rs. 500 crore (US$ 64.42 million) in FY 2022-23 as a part of their Capex plan. |
| 2021 |
In March 2021, Godrej Agrovet Limited (GAVL) collaborated with Gramophone, a farming platform that provides agronomic intelligence, to provide crop solutions to Indian farmers. |
| 2020 |
In December 2020, Godrej Agrovet secured 28,164 hectares of land in Telangana for cultivating oil palm. Godrej Agrovet launched a new plant nutrition product portfolio for plant stress management in partnership with Bioberca, a Spanish company. |
| 2018 |
Godrej Agrovet entered the value-added products segment in dairy with the launch of ‘Jersey Thickshakes’ in the southern market |
| 2017 |
Gross sales reached Rs 1,791 crore (US$ 277.89 million). Became a listed company through Initial Public Offering (IPO) |
| 2016 |
Sold entire stake in Polchem Hygiene Laboratories Pvt Ltd. |
| 2015 |
Acquired majority stake in Astec Lifesciences |
| 2012 |
Investment from V-Sciences |
| 2005 |
Acquired shrimp feed business from Higashimaru Feeds (India) Ltd. |
| 2004 |
Established a joint venture in Bangladesh named ACI Godrej Agrovet Pvt Ltd. |
| 1999 |
Acquired poultry business from IPF Breeders Pvt Ltd. |
| 1997 |
Acquired palm oil business from Godrej Soaps Ltd. |
| 1992 |
Acquired agrovet division of Godrej Soaps Ltd. |
| 1991 |
Incorporated in November |
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