Best Agrolife Limited Announces Acquisition of Best Crop Science Pvt. Ltd.

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    Yet in an another strategic move, One of the fastest growing Agro chemical company Best Agrolife Limited acquires strength of Backward Integration supported with robust R&D Synthesis in manufacturing of Active Ingredients of Herbicides, Insecticides & Fungicides by acquiring Best Crop Science Pvt Ltd. The board has stamped with its approval for the same on September 2, 2021. This acquisition will further help Best Agrolife Ltd. in diversification of risk and strengthening of its manufacturing base with addition of another State-of-the-art Technical Manufacturing Unit situated at Gajraula, Distt. – Amroha, Uttar Pradesh.

    Best Crop Science Pvt. Ltd. holds 85+ Active Ingredient Manufacturing Licenses which includes some highly advance import substitutes like Dinotefuran & Pyraclostrobin also which have come out of Patent in recent past. Recently Best Crop Science Pvt. Ltd. got Central Insecticide Board & Registration Committee’s nod for indigenous manufacturing of Trifloxystrobin Technical u/s 9(3) also. With this new addition, the company becomes the first agrochemical company in India to manufacture and market Trifloxystrobin Technical, a fungicide which has enormous demand in the domestic and global markets of North America, Europe, Asia-Pacific, South America Middle East, and Africa. This acquisition will help Best Agrolife Limited to increase its revenue by 40% on the back of these in-demand products.

    For this recently announced three-way combination Patent of Best Agrolife Limited – Ronfen also, this acquisition is going a play a very synergistic role as Best Crop Science Pvt. Ltd. manufactures all the three Active Ingredients – Pyriproxyfen, Diafenthiuron & Dinotefuran which are there in the composition of this patented formulation.

    “With in house strong R&D Support, much backward Integration Facilities supported by separate Autoclave Hydrogenation Plant, Product Registrations & An Access to huge markets, this acquisition comes out with a strong synergistic equation between the two companies which will not only bring higher efficiency and growth in turnover alone but also will minimize dependency on import and will thus reflect a substantial impact on EBITDA Margins also of Best Agrolife Limited. We will be able to fill critical service gaps with this acquisition & this will enable us to utilise our expertise in increasing the reach through our strategic alliances with leading agrochemical companies of India & through an extensive network of 3000+ distributors and dealers. Of course, one of the by-products of this M&A would be the distinct ability to serve the market better. We intend to play a vital role in the effective Pest & Disease Management by providing best farming solutions, improving the yield and profitability of farmers across the globe,” says Mr. Vimal Alawadhi, Managing Director – Best Agrolife Limited.

    Best Crop Science Pvt. Ltd. has emerged as a leading supplier of crop protection products. It is an ISO 9001:2000 certified and is having an annual turnover of Rs. 347.79 Cr. with EBITDA of 32.86 Cr. which comes as 9.45% (as per Audited Balance sheet dated 31 March 2021) and currently operates a highly equipped State-of-the-art Technical Manufacturing Unit Indulged in Backward Integration of Technical Grade Pesticides & this unit was acquired from Chemtura Chemicals India Pvt. Ltd., a subsidiary of Arysta Life Science (USA) owned by Platform Specialty Products Corporation in 2016.

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    Does MBA really help in getting a better job offer ?

    Does MBA really help in getting a better job offer ?

    Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

    There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

    • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
    •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

    These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

    While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

    However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

    • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
    • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
    • Institutes should have the right mix of faculty members with industry exposure and pure academics.

    The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

    It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

    After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

    Author Name : Nirmalya Pal