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Montari Industries Ltd.

BSE: 500286 Sector: Agri and agri inputs
NSE: MONTARIND ISIN Code: INE407C01015
BSE 05:30 | 01 Jan Montari Industries Ltd
NSE 05:30 | 01 Jan Montari Industries Ltd

Montari Industries Ltd. (MONTARIND) - Company History

Montari Industries (MIL), a Bhai Mohan Singh group company, ranks among the country's leading manufacturers of agrochemicals. In Apr.'90, it acquired the formulation unit with the merger of Montari Chemicals, which manufactured pesticide formulations. A pioneer in the production of isoproturon and butachlor technical, Montari was also the first in India to manufacture chlorphyriphos technical, a wide spectrum insecticide, an import subsitute. Its products are sold under the Milron and Lethal brand name. The company is a recognised Export House and, in addition to its own products, exports leather garments and home furnishings to the quality conscious markets of the US, Japan and the EEC. MIL has equity stake in Bausch & Lomb India which produces RayBan sunglasses, soft contact lenses and lens-care solutions. With the establishment of Montari Leathers, it has diversified into the manufacture of leather shoes. The problems faced by the shoe division regarding procurement of quality leather, during intial stages, were eliminated by acquiring an existing tannery. Technical support for this division was obtained from Bally International, Switzerland, and the Footwear Development Design Institute, Noida.