Fertilizer Companies in India: India’s fertilizer industry has experienced consistent growth over the past two decades, driven by rising demand for agricultural inputs. In fiscal year 2022, the sector recorded an impressive 5.89% compound annual growth rate (CAGR), reflecting its steady expansion. This growth is fueled by several leading fertilizer companies that have adapted to meet the rising needs of farmers and agricultural businesses across the country.
If you’re curious about the biggest names in India’s fertilizer industry, their contributions, and financial performance, here’s a closer look at the top 10 players:
1. Coromandel International Limited
Founded in the 1960s, Coromandel International is a major player in India’s agricultural sector. Originally known as Coromandel Fertilizers, the company is headquartered in Hyderabad. It produces fertilizers, pesticides, and specialty nutrients while offering services like crop advice and soil testing through its Mana Gromor Centres. Fertilizer Companies in India
- Revenue: ₹29,628 crore
- Market Cap: ₹330.12 billion
- Employees: 73,000+
With approximately 800 retail outlets, Coromandel directly connects with around 3 million farmers, making it India’s second-largest producer and seller of phosphatic fertilizers.
2. Chambal Fertilisers and Chemicals Ltd
Established in 1985 under the KK Birla Group, Chambal Fertilisers is India’s largest private sector producer of Urea. Its three plants in Kota, Rajasthan, produce 3.4 million tonnes annually. Fertilizer Companies in India
- Revenue: ₹27,940 crore
- Market Cap: ₹127.57 billion
The company is expanding into technical ammonium nitrate (TAN) production, with a plant expected to be operational by 2025.
3. National Fertilizers Limited (NFL)
NFL, a government-owned enterprise founded in 1974, is the second-largest Urea producer in India. It operates five ammonia-urea plants and recently modernized them to use natural gas for improved efficiency.
- Revenue: ₹15,891.42 crore
- Market Cap: ₹34.24 billion
- Employees: 3,333+
NFL’s strong performance earned it Mini-Navratna status, and its shares are traded on major stock exchanges. Fertilizer Companies in India
4. Rashtriya Chemicals and Fertilizers (RCF)
Based in Mumbai, RCF has been a significant government-owned fertilizer producer since 1978. It operates two key units: Trombay, producing fertilizers and chemicals, and Thal, focusing on Urea production.
- Revenue: ₹12,812.17 crore
- Market Cap: ₹68.80 billion
- Employees: 2,556+
5. Tata Chemicals Limited
Part of the renowned Tata Group, Tata Chemicals has a diversified portfolio, including fertilizers and specialty chemicals. It is the third-largest soda ash producer in India. Fertilizer Companies in India
- Revenue: ₹17,007 crore
- Market Cap: ₹245.98 billion
The company’s global acquisitions and green initiatives, like a carbon capture plant in the UK, highlight its commitment to sustainability.
6. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
Established in 1976, GNFC is a Gujarat-based company known for its robust financial management.
- Revenue: ₹1.55 trillion
- Market Cap: ₹110 billion
GNFC recently announced a share buyback, reflecting confidence in its growth prospects. Fertilizer Companies in India
7. Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL)
Founded in 1979, DFPCL is a leading producer of nitric acid, ammonium nitrate, and methanol. Its popular brand “Mahadhan” has been a staple in farming communities since 1990.
- Revenue: ₹11,300 crore
- Market Cap: ₹76.95 billion
- Employees: 1,226+
8. Fertilizers and Chemicals Travancore Ltd (FACT)
FACT, India’s first post-independence fertilizer producer, was established in 1943 and is based in Kochi, Kerala.
- Revenue: ₹1.15 trillion
- Market Cap: ₹465.31 billion
- Employees: 1,656
FACT has diversified into gypsum and soda ash production and continues to perform well financially. Fertilizer Companies in India
9. Indian Farmers Fertiliser Cooperative Ltd (IFFCO)
Founded in 1967, IFFCO is the world’s largest cooperative in terms of turnover, representing over 35,000 member cooperatives. It has a dominant share in India’s Urea and complex fertilizer markets.
- Revenue: ₹27,837 crore
- Market Cap: ₹205.6 billion
- Employees: 978+
10. Mangalore Chemicals & Fertilizers Ltd (MCF)
Since 1974, MCF has been a key player in Karnataka’s fertilizer industry. Now part of the Adventz Group, it produces Urea, Diammonium Phosphate, and industrial chemicals.
- Revenue: ₹978.62 crore
- Market Cap: ₹13.46 billion
MCF faced supply chain challenges in 2024 but remains a significant market player. Fertilizer Companies in India
Conclusion
India’s fertilizer industry is pivotal in supporting the nation’s agricultural growth and food security. These top 10 companies exemplify innovation, resilience, and commitment to meeting the needs of farmers and the market. Whether you’re a farmer, investor, or industry enthusiast, understanding these companies provides valuable insights into this essential sector. Fertilizer Companies in India
FAQs about Fertilizer Companies in India
What is driving growth in India’s fertilizer industry?
The growing demand for fertilizers, driven by increased agricultural activities and government initiatives, has fueled consistent growth in the industry.
Which is the largest private sector fertilizer company in India?
Chambal Fertilisers is the largest private sector Urea producer in India, with a production capacity of 3.4 million tonnes per year.
How do government-owned companies like NFL and RCF contribute to the industry?
Government-owned companies like NFL and RCF play a crucial role in ensuring the availability of essential fertilizers like Urea and promoting eco-friendly practices through modernization.
What makes IFFCO unique among fertilizer companies?
IFFCO stands out as the world’s largest cooperative by turnover, serving over 50 million farmers and significantly contributing to India’s fertilizer market.
What challenges are Indian fertilizer companies facing?
Challenges include supply chain disruptions, fluctuating raw material prices, and the need for sustainable production methods.
