I am pleased to present you with our 62nd Annual Report which looks back ona particularly eventful financial year for Bayer CropScience Limited in 2019-20.
On September 16 2019 the India integration of Monsanto India Limited with BayerCropScience Limited was completed following a lengthy and intensive regulatory process.This marked a strategic milestone in Bayer's 125-year-old history in India. As of March31 2020 the integration is well on track and the Company has started seeing good firstcontributions arising from the consolidation of employee talent product portfolios andbusiness operations.
With the integration we will be able to provide Indian farmers a strong portfolio ofinnovation-led agricultural solutions. Our longterm goal is to unlock the growth potentialof Indian agriculture as a global producer and exporter of food feed & fibre.
In the financial year 2019-20 Bayer CropScience Limited registered Revenue fromOperations of Rs 36094 million and Profit Before Exceptional Items & Tax stood at Rs7133 million. The Company successfully launched one new product in the Crop Protectionsegment four in Hybrid Seeds and one in Environmental Science. Through projects such asFood Chain Partnerships' and Better Life Farming' the Company is working onproviding tailored solutions that meet the specific local needs of Indian farmers.
With greater focus on agriculture and its contribution to rural livelihoodsagriculture will see increased investment from the private sector and support from theGovernment through agri-reforms and supporting policies. Farmers will invest in qualityagri-inputs for achieving higher and better-quality yields and a more favorable return oninvestment. With increasing labor shortage there will be a push for mechanized anddigital solutions in agricultural operations. All these factors will enable good growthopportunities for Bayer CropScience Limited.
As we look ahead on behalf of the Board of Directors I take this opportunity toexpress my sincere appreciation to our Shareholders Banks & Financial InstitutionsEmployees Distributors and Farmers for your support and trust. I seek your continuedsupport to grow and progress our Company to greater heights.