Safex Chemicals witnesses a terrific growth in FY21, clocks INR 782 Cr revenue
l The company earned revenue of INR 702 Cr in FY20
l Recorded 21x growth in revenue and 32X growth in operating profit in the
last 12 yrs
l Currently has a network of 12,000+ dealers, 1,200+ employees, 6 plants and
60+ warehouses.
New Delhi 25 July 2022: Safex Chemicals, the nation’s leading Agrochemical
Company, has clocked a glorious growth journey by registering a revenue worth
INR 782 Cr during FY21. Marking it as one of the most significant increases in the
last 12 years, the company now envisions becoming a 1000 Cr valuation
enterprise by the end of this financial year.
The agrochemical sector has witnessed a significant rise in opportunities to build
resilience in maintaining effective management of food safety processes amid
numerous challenges, including the climate changes (erratic monsoons) that led to
an unpredictable demand pattern in FY22. The global pandemic further posed
some serious hurdles by impacting the supply chain activities due to disruptions in
transportation amid nationwide/state-wide lockdowns and the resultant labour
shortage, fear among the employees to resume work, supply chain concerns,
inflation and rise in commodity prices.
Safex has maintained its exceptional business momentum since the pandemic’s
beginning with major advancements and product developments. It recorded an
impressive revenue growth worth INR 702 Cr even in FY20. Armed with an intent
to emerge as the most prominent name across the Agrochemical Industry, the
company has already recorded a 21X revenue growth and 32X operating profit
growth since the last 12 years of its inception.
Sharing his excitement about achieving such remarkable growth numbers, Mr.
S.K. Chaudhary Founder & Director, Safex Chemicals said, “Safex has been a
significant part in enabling heightened crop productivity & crop protection in India
for nearly 29 years now on the back of our world-class infrastructure, superior
products, last mile connectivity and commitment to. This has helped us contribute
immensely to the country food security, quality of life and health scenario. Its
heartwarming to witness our years of painstaking labour bear such remarkable
results. Having clocked such a remarkable and inspiring growth journey by
evolving our workflow, we are now focusing on skill enhancement and continuous
workforce training to generate better outcomes by the end of this financial year.”
Safex Chemicals currently operates with a 12,000+ dealer network, 1,200+
employees, six plants and 60+ warehouses across the country.
About Safex Chemicals
Founded in 1991, Safex Chemicals is a leading player engaged in manufacture
and sale of crop protection products across India. Starting from the two northern
states of Punjab and Haryana in 2010, the Company has successfully expanded
into 17 states with a Pan-India distribution network of more than 10,000 dealers
and services more than 20 lakh farmers.
Safex has a unique marketing strategy with comprehensive product portfolio of
over 100 products across insecticides, herbicides, fungicides, micronutrients,
pesticides and plant growth regulators. It has been amongst the fastest growing
agrochemical players in India, clocking revenue worth INR 782 Crores in the
current fiscal. It has a well-structured sales & marketing organization comprising of
500+ employees who have helped establish trust amongst the farmers and a
strong commitment to the crop protection industry. The company operates five
manufacturing facilities located across India.
