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Iffco is 37th in Fortune India 500 list

Press Trust of India  |  New Delhi 

Leading fertiliser cooperative Indian Farmers Fertiliser Cooperative Limited (Iffco) has been ranked 37th in a list of India's 500 largest compiled by

has cornered 37th spot in the list of the country's 500 largest by market revenue, improving its position from 43rd rank last year, the company said in a statement.

"It has been ranked first in the fertiliser and agro chemicals category...," the cooperative said.

is the only cooperative among the top 50 Indian in the list, it said.

"I am happy to see that a cooperative institution like is counted amongst some of the biggest corporates in India. It is a testimony of Iffco's unique blend of corporate functioning with a cooperative spirit," Managing Director US Awasthi said.

Distribution of Iffco's fertilisers is undertaken through 40,000 cooperative societies to 5.5 crore farmers across the country.

First Published: Tue, January 03 2012. 21:01 IST