Mumbai, Maharashtra, India
INDOFIL INDUSTRIES LIMITED – belongs to the renowned K. K. MODI GROUP OF COMPANIES.
The Management of INDOFIL constitutes a BOARD OF DIRECTORS, with great experience and wisdom. Excellence as a Foundation and winning as a passion, is what describes our Group Chairman, MR. K. K. MODI, who continuously steers his group companies to reinvent and redefine themselves!
INDOFIL INDUSTRIES LIMITED, established five decades ago, headquartered in Mumbai, a research-led and fully integrated Chemical Company has emerged as a successful and vibrant enterprise, riding high on a simple philosophy of retaining loyalty and enlarging the fold of satisfied customers.
The vision of INDOFIL is equally simple – to focus on specific opportunities, drive growth and enhance value for esteemed customers. It has a highly skilled and successful sales team that believes in learning and working with the customers as partners – thus developing the products and services around core issues, to meet their future needs.
INDOFIL has a very strong domestic base and a well-recognized international presence. Both businesses viz, Agricultural Chemicals and Specialty & Performance Chemicals are poised for much faster growth through partnerships and joint ventures for manufacturing, marketing and research and development activities with prospective companies across the world.
INDOFIL which is a very strong QMS ISO 9001 : 2000 and ISO 14001 Company is professionally managed by its GROUP COO, MR. R. K. MALHOTRA, a Post Graduate in Agriculture with 40 years “hands-on” experience and is an active and advisory member of various related Technical and Trade Associations.
Mr. R. K. Malhotra – Group CEO
It gives me immense pleasure to welcome you to Indofil Industries Ltd.
We at Indofil believe in the philosophy of a robust profitable growth resting on the solid foundation laid out on the principles of Transparency, Togetherness and Trust.
Transparency builds confidence which is critical for long term success. Togetherness ensures team work and lesser chances of committing errors and Trust ensures that everyone is committed towards a common goal.
These principles have helped us in bringing forth harmony amongst the employees which has helped in developing a culture that prioritizes people above everything else. There is no better testimony to this fact than the recent accolade in the Great Places to Work survey where we were amongst the 100 best companies to work for in INDIA & were recognized as the Industry’s best, ranking 5th in the manufacturing & production sector. This is a crowning glory for our efforts and we are now fully motivated to achieve our goal of becoming a billion dollar company by 2020.
It gives me great pleasure to announce that we have achieved 23% increase in Gross sales as compared to Last Year in first seven months of the financial year. Adding to this, our stellar performance in last 2 years has helped improve our rating to “CRISIL A”
This year, deficient monsoon and a long dry spell in INDIA, have resulted in low crop acreage and low yields. Further low product price (for Paddy) coupled with low yields and the resulting low farmer income has put enormous pressure on the industry. Uneven rains have also affected herbicide and insecticide usage in some states.
Despite this adverse market situation, Agro Domestic Business with its structured developmental strategies and planned positioning continues to outnumber the industry performance, as well its business plan.
For our Agro International Business, first half of the year has been extremely favourable. Volumes are up by 25% over plan.
A positive trend in global fungicide market has enabled us to capitalize and gain additional volumes. Latin America, Africa & Corporate Business have contributed the most to the increase in volume for Mancozeb Tech & 80WP. Australia, USA, Paraguay have contributed to increased volume of Mancozeb WG.
Our SPCD Business has also shown good profitability with cumulative gross profit in H1 exceeding Business Plan. SPCD division continues to report higher GP margin as compared to Business plan. To take our Specialty & Performance Chemicals Business to new heights, a well reputed Consultancy firm Bain & Company was engaged to prepare a full potential roadmap. Six building blocks have been identified namely KAM, Application Labs, Sales and Distribution, Product Portfolio, Export Strategy and Pricing. Joint Practice Sessions and Steering Committees have been set up for effective execution of the project.
On the manufacturing front, focus has been on maintaining highest EHS standard and improving process efficiencies. Now all our effluent parameters such as BOD,COD, pH, TSS are monitored online. We have also implemented online EHS Management system for incident reporting and investigation, ensuring legal compliances and health monitoring of employees
R&D is engaged in developing cost effective, safe processes for products which will be taken up for manufacturing at upcoming new plant at Dahej. R&D has also collaborated with CRO for expediting the product development work. Formulation team is busy developing extruded granules of different products and exploring micro encapsulation of certain others. Lab is well equipped to take up challenging work. SPCD team has focused on developing novel products with Ureide Chemistry for Leather application, import substitution for Acrylic processing aid for PVC foam sheet & WPC applications, Heavy metal free stabilizers for PVC Pipe, Wire & Cable applications and RDP for paint Industry. Textile team has successfully worked on Fire Retardant for Automotive Industry and Acrylic Emulsion specialized for Battery Gauntlet & Carpet Industries. With ultra modern facilities, Analytical department is providing ample support across the functions; has successfully completed NABL assessment audit and is gearing up for GLP re-certification audit.
Growth office has been fuelling Indofil’s growth (both organic & inorganic) with continuous data mining and analytical support. The team is also functional in planning and coordinating for the 3 year business plan across divisions in order to make it robust and fruitful.
Some of the milestones achieved during FY 16 – H1:
“India’s Best Companies to Work For – 2015” by Great Place to Work
“Gold Category – Greentech HR Award 2015” under the category “Innovation in Employee Retention Strategies” for Dahej Plant
“Greentech Safety Award” – Gold Category for Thane Plant
Won a Gold Award in the “Best Blended Learning Program” Category by TISS – LeapVault CLO Award
Successful Introduction of Paddy Herbicide “Killog”
Installation of MEE (Multiple Effect Evaporator) Plant in Dahej Plant
Our mission is to achieve leadership in Growth Rate. We all leverage our efficient R & D, Registration, Manufacturing and Marketing Competencies through our Committed and proficient team.
We will strive to make our customers successful by providing High Quality Products, services and solutions in domestic and global markets.
To expedite growth, we will use Collaborations, Acquisitions and Manufacturing Proximity to the market in the segments of Crop Care, Speciality and Performance chemicals.
The investment guru Warren Buffett once remarked, “Someone’s sitting in the shade today because someone planted a tree a long time ago”, when asked about the importance of planning ahead. Likewise, at Indofil, we believe in looking ahead and not just plan, but act towards it.
As part of our long term strategy, to meet the increasing demand, the following Capacity Expansion projects have been taken up:
Installation of Synthesis Technical Plant, with a capacity of 4000 MT, in Dahej (Gujarat) SEZ Area which is expected to be commissioned by Q1 – FY 17
EC Clearance in Progress for EBDC & Specialty Chemicals plant in GIDC Dahej (Gujarat) with a Capacity of 50,000 MTPA and 40,000 MTPA respectively
Indofil’s success story would not have been possible without the contribution of our customers and dedicated employees who have partnered us in our incredible journey so far. We look forward to continue to serve and engage with the team as well as other stakeholders in the future. We appreciate the ongoing support received from those who are interested in Indofil’s activities and pledge to continue with our efforts to excel and exceed expectations.
Corporate social responsibility lies at the heart of all our activities at Indofil. We collaborate with underprivileged communities and aim to achieve inclusive growth. We undertake various activities to elevate the standard of living of the people of these communities. Indofil Industries Ltd. in collaboration with a non-government organisation (NGO) Ballygunge Society for Environment & Development undertakes CSR activities in the village Purba Gopinathpur. Some of the activities undertaken by us at the village include the following:
Organised various seed to seed demonstrations, soil testing and training on safe and judicious use of pesticides
Operated Agril Library having more than 200 books on agriculture thrice a week at the local club premises
Provided computer training through two trainers to 80 students thrice a week
Trained 65 young people, mostly girls, for athletics and 40 youths for football, twice every week, by eminent coaches
Organised health camps once in every fortnight to provide treatment for ailment and health counselling
Constructed sanitary facilities, especially for girls and women, at the village club premises
Planted around 250 saplings throughout the village
Organised cultural programmes, rallies and competitions to increase awareness about the environment