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Navin Choudhary SEBI RIA

29th Apr 2025 · SEBI-Registered Analyst

About UPL Ltd

UPL
UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds. Business Overview UPL is a leading provider of agricultural solutions and services, with 14,000+ product registrations, a presence in ~140 countries, access to 90% of the world’s food basket. The products include Crop Protection Chemicals like Insecticides, Fungicides, Herbicides etc. also Seeds, Biosolutions. It is a 5th largest Agrochemical company globally with 43 manufacturing facilities across the globe. Market Leadership UPL SAS is the no. 1 crop protection player in India with a market share of 13%. Through its agtech platform ‘Nurture' it is connected with ~3 million registered farmers, 85,000+ retailers and 25,000 dealers. UPL Corporation Ltd is a 6th top Global crop protection company having presence in over 130 countries. UPL Speciality Chemicals is no. 1 Specialty chemicals company in India. Corporate Realignment In FY23, company created two platforms- Crop Protection Business under UPL Sustainable Agri Solutions (UPL SAS)- Under this arrangement, UPL SAS acquired the ‘Crop Protection Business’ of UPL in India by way of a transfer on a slump sale basis. UPL SAS received an investment from The Abu Dhabi Investment Authority, TPG and Brookfield for an aggregate amount of US$ 200 mn for a consolidated stake of 9.09%. Advanta Seeds Business under Advanta Enterprises Limited- It received an investment of US$ 300 mn from KKR for a stake of 13.33%. It operates in the Hybrid seed business having 900+ Hybrid seed varieties across 40+ Crops. Speciality Chemicals Company through its subsidiary UPL Speciality Chemicals, supplies high-quality agro chemical active ingredients and specialty chemicals to the UPL Group companies and 600+ other external B2B clients.

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