Reaping profits from new molecules, and distribution
A 34-year-old company from New Delhi has become the fifth largest player in the pesticide and crop protection space in India. Run by the father-son duo of Nand Kishore and Ankur Aggarwal, Crystal Crop Protection has made steady progress in the last decade, particularly over the last three years. It clocked a turnover of Rs 1,000 crore last year and Rs 735 crore the year before. It can now be counted in the same breath as United Phosphorous and Bayer in India. “The problem with companies in India is that they tend to go public very early. The Aggarwals have resisted the temptation, and it has paid off,” says Atul Kapur, co-founder and managing partner, Everstone Capital, which invested Rs 150 crore in Crystal Crop Protection last year.
(This story appears in the 09 November, 2012 issue of Forbes India. To visit our Archives, click here.)