Company Research Report: UPL

Company Overview

• Name: UPL

• Mission: UPL is committed to transforming global food chains, empowering growers, making farming practices more sustainable, and ensuring consumers have safe, healthy, and nutritious food.

• Founded: UPL has been expanding globally for 50 years from its roots in Mumbai, India.

• Key People:

• Jai Shroff - Chairman and Group CEO

• Vikram Shroff - Vice-Chairman and Co-CEO

• Rajendra Darak - Vice-Chairman

• Toshan Tamhane - Chief Operating Officer

• Anand Vora - CFO

• Sagar Kaushik - President Corporate Affairs

• Paresh Talati - Head of Chemistry R&D

• Headquarter: Mumbai, India

• Number of Employees: Over 10,000 employees globally

• Revenue: $6.7 billion in FY23

• Known For: UPL is known as a leading provider of sustainable agricultural solutions and services, with more than 14,000 product registrations and a presence in almost 140 countries.

Products

Seeds

• Description: UPL provides high-quality seeds for various crops, developed through innovation to meet local needs.

• Key Features:

• High yielding, disease-resistant, and environmentally friendly varieties.

• Range includes Grain Sorghum, Forages, Corn, Canola, Sunflower, Vegetables, Pearl Millet, Oats, Alfalfa, Biofumigants, Mustard, Rice, Wheat, and Soya.

Crop Protection

• Description: UPL offers a comprehensive range of crop protection solutions.

• Key Features:

• Herbicides: Provide sustained weed control, including options to tackle glyphosate-resistance.

• Fungicides: Protect crops from a broad spectrum of crop diseases with advanced formulations.

• Insecticides: Combat destructive pests with innovative chemistries.

• Seed Treatments: Enhance seeds' resistance to pests and environmental stresses.

• Adjuvants: Improve the effectiveness of crop protection products.

• ProNutiva: Integrated solutions incorporating natural biosolutions.

Biosolutions

• Description: UPL's Plant Stress & Stimulation (PSS) pipeline supports crop stimulation, nutrition, and protection.

• Key Features:

• Enhances crop resilience to weather risks and biotic stress.

• Improves yield and quality sustainably.

Post Harvest

• Description: UPL's post-harvest solutions aim to reduce food loss due to pests, diseases, and improper storage.

• Key Features:

• Products like QUICKPHOS and MAGNAPHOS for grain protection.

• Decco range for fruit coating and storage, extending shelf life and reducing wastage.

Soil & Water Technologies

• Description: UPL focuses on soil degradation reduction and water conservation.

• Key Features:

• UPL Zeba™ enhances soil water holding capacity and nutrient efficiency.

• Reduces environmental impact with biodegradable components.

Recent Developments

• New Products:

• igrowth: First commercial sorghum seed technology offering tolerance to specific herbicides.

• Nutrisun: Patented sunflower oil with high stearic and oleic content.

• Partnerships:

• Strategic partnership with Evonik for enhancing adjuvants and surfactants.

• Sustainability Goals:

• UPL's Gigaton Challenge aimed at reducing atmospheric CO2 by one gigaton.

• Continued commitment to the ProNutiva program to integrate biosolutions with conventional crop protection.

This report provides a comprehensive overview of UPL, highlighting the company's products, recent developments, and ongoing commitment to sustainable agriculture. UPL continues to position itself as a leader in the agricultural industry, focusing on innovation and sustainability to support farmers and ensure global food security.