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Agriculture Input Companies
Chennai-based agrochemicals company Tropical Agrosystem is targeting a 22 per cent jump in revenues to Rs 2,200 crore this fiscal year, driven by a favourable monsoon and strong demand for its patented products, Chairman V K Jhaver said. The company, which competes with MNC giants like Bayer, Syngenta and UPL, expects to turn debt-free by next fiscal and is exploring private equity funding instead of going public. Tropical Agrosystem has launched three patented products including herbicide Tag Proxy and granular insecticide Tag Stem Lee, with three more slated for December launch. The company is confident of achieving Rs 100 crore in sales from its new dual-action paddy insecticide Stem Lee alone this financial year. "We have just introduced one patented product 'Stem Lee' for dual-action control of stem borer and leaf folder in paddy crops. I am confident that this product will have sales of Rs 100 crore this year. I don't think it should be a problem to achieve Rs 2,200 crore sale