Prism Cropsets uporganic nutrient factory

City-based Prism Crop Science Private Limited, an agri-input manufacturing company, today said it has set up an organic nutrient factory and formulation unit in Yadadri Bhuvanagiri District of Telangana.

The company already manufactures 60 products and will be adding 40 more products this year, its Managing Director G Yugendhar Rao and Director S P Raja Sekhar told reporters here today.

"We established our new factory to manufacture organic nutrition and residue-free chemicals with an investment of Rs 15 crore. It has production capacity of 3,000 kiloliters of liquids, 1,000 tonnes of powder formulation and over 10,000 tonnes of granules per annum," they said.

The company set up in 2008 had a formulation unit in a leased premises earlier.

The company achieved a turnover of Rs 70 crore in the last fiscal and aims take it to Rs 150 crore in the current fiscal.

"We are targetting Rs 500 crore turnover by 2021 and expect almost 50 per cent of itto come from microbial products," Yugendhar said.

They said they are in talks with prospective investors from India and abroad to raise equity.

The company, which currently has 140 employees, will add 60 more this fiscal and will raise the headcount to over 300 by 2021, they said,adding "we hope exports to contribute to 20 per cent of the proposed target of Rs 500 crore".