PI Industries Limited (PI) is an agri-sciences company with strong presence in both domestic and export market. The company has three manufacturing facilities in Gujarat and a Research & Development centre at Udaipur. The manufacturing facilities include 5 multi-purpose plants at Panoli and 3 multi-purpose plants at Jambusar and dedicated high-pressure reaction facilities equipped with futuristic is automation. In addition the company's two formulation units at Panoli help it meet the requirements of local as well as global clientele. PI Industries was founded and incorporated by the name Mewar Oil & General Mills Ltd. in 1946. During the period 1947-1980 the company established marketing network across India installed Agchem technical plant diversified into mining and mineral processing business (later hived off into a separate company named as Wolkem India Ltd) and started AgChem Formulation and Marketing under VEGFRU brand. The company made its first export of Agchem formulation during the period under review. During the period 1980-2000 the name of the company was changed to PI Industries Ltd. During the period under review the company diversified into Polymer Compounding Custom Synthesis & Manufacturing and Energy Metering (later rechristened as Secure Meters Ltd). During the period under review the company set up a manufacturing site at Panoli (Gujarat) and installed Phorate technical Plant. It also set up a turnkey Agchem Manufacturing Unit in the Middle East.During the period 2000-2005 PI Industries divested polymer business. During the period under review the company carried out expansion of its R&D Centre at Udaipur and started formulation plant at Jammu.During the period 2005-2012 PI Industries successfully commissioned a new manufacturing site at Jambusar Gujarat. During the period under review the company divested Polymer Compounding business. During the period under review the company completed expansion of Custom Synthesis & Manufacturing (CSM) facilities (built two new MPPs in Panoli).On 5 November 2009 PI Industries Limited announced investment of Rs 50 crore into the company from Standard Chartered Private Equity (SCPE). The investment is in the form of convertible preference shares and debentures. PI Industries will use the funds to part-finance the expansion of its existing facilities and setting up of a new manufacturing facility in Gujarat.On 6 January 2011 PI Industries Limited (PI) announced the inauguration of the PI-Sony Research Centre at Udaipur. The Research Centre will focus on development of synthetic organic chemicals for applications in the electronics industry.On 31 January 2013 PI Industries Ltd announced that it has concluded its fund raising exercise through Qualified Institutional Placement (QIP) process. The company raised Rs 117.33 crore through the QIP route which saw participation by some highly reputed investors in India and across the globe. The issue was priced at Rs 609.60 per share. In 2013-14 PI Industries set up a new formulation site at Panoli in Gujarat.In 2014-2015 PI Industries commercialized three new molecules for custom synthesis exports. It also established an office in Germany in 2014-2015. On 11 December 2015 PI Industries Limited (PI) a leading Indian Agri-Input and Custom Synthesis company announced that its promoters have divested their holding to the extent of 6.4%. Their holding will stand at 51.7% ex-transaction. The stake was acquired by a combination of high-quality domestic and foreign investors reaffirming their faith in the company's long-term prospects.In 2015-2016 PI Industries established a State-of-the-Art R&D center (P. P Singhal Research Centre at Udaipur Rajasthan). During the period under review PI Industries commissioned two world class Multi Product Plants at Jambusar in Gujarat. The company also established a new operations office at Vadodara Gujarat during the period under review.On 30 May 2016 PI Industries Limited (PI) and Mitsui Chemicals Agro Inc. (MCAG) jointly announced to have entered into an agreement to establish a joint venture company in India. This joint venture company is being set up to provide registration services for MCAG's proprietary agrochemicals and intends to leverage PI's deep understanding of Indian agriculture farmers needs regulatory system etc. and MCAG's capability of delivering innovative agrochemicals. This tie up will further strengthen collaboration between the two companies and help them bring innovative solutions in India to enhance farm productivity. MCAG will hold 51% stake and P I Life Science Research Ltd a wholly owned subsidiary of PI Industries will hold 49% stake in the new joint venture company. The joint venture company will be named Solinnos Agro Sciences Pvt. Ltd.On 9 May 2017 PI Industries and BASF one of the world's leading chemical companies and a well-known name in the in the crop protection industry announced a strategic partnership to offer farmers in India a broader portfolio of crop protection solutions. PI Industries will market BASF's innovative fungicide technologies for rice maize fruits and vegetables as well as a new herbicide for maize. Following this partnership model both companies aim to enhance their market participation in these important crops segments.On 22 June 2017 PI Industries announced an equal joint venture with Kumiai Chemical Industry Co. Ltd. Japan to bring superior innovative solutions in India to enhance farm productivity. The new joint company (JVC) is being set up initially to manufacture and distribute Bispyribac Sodium one of the flagship agrochemical products of Kumiai in India to achieve operational efficiencies and further growth. Kumiai and PI after due consultation may also add more products to JVC portfolio in future for evaluation manufacture registration and distribution in India to leverage PI's deep understanding of Indian agriculture brand and reach with the Indian farmers and Kumiai's robust research and development capabilities for new products. The JVS will be named PI Kumiai Private Ltd and headquartered at Gurugram Haryana (India).In 2017-18 PI Industries simultaneously launched 5 new generation products for the first time.