UPL (company)

This article is about the Indian agrochemical company. For the video game developer, see UPL Co., Ltd.

UPL Limited
FormerlyUnited Phosphorus Limited (1969–2013)
Company typePublic
ISININE628A01036
Industry
Founded29 May 1969; 55 years ago (1969-05-29)
FounderRajnikant Shroff
HeadquartersUPL House, 610 B/2, Bandra Village, Bandra (East),
Mumbai, Maharashtra
,
India[1]
Area served
Worldwide
Key people
  • Rajnikant Shroff (Chairman & MD)
  • Jaidev Shroff (CEO)[2]
Products
RevenueIncrease ₹53,576 crore (US$6.4 billion) (FY23)[3]
Increase ₹11,178 crore (US$1.3 billion) (FY23)[4]
Decrease ₹3,569 crore (US$430 million) (FY23)[3]
Total assetsIncrease ₹82,679 crore (US$9.9 billion) (2022)
Total equityIncrease ₹24,661 crore (US$3.0 billion)[5] (2022)
Owners
Number of employees
10,000+[5] (FY21)
Websitewww.upl-ltd.com

UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers pesticides.[6] Headquartered in Mumbai, the company is engaged in both agro and non-agro activities. The agro-business is the company's primary source of revenue and includes the manufacture and marketing of conventional agrochemical products, seeds, and other agriculture-related products. The non-agro segment includes manufacturing and marketing industrial chemicals and other non-agricultural products such as fungicides, herbicides, insecticides, plant growth regulators, rodenticides, industrial & specialty chemicals, and nutrifeeds. UPL products are sold in 150+ countries.[7][8]

United Phosphorus Limited was established on 29 May 1969.[8] The company changed its name to UPL Limited in October 2013.[9]

On 20 July 2018, UPL signed a US$4.2 billion agreement with Platform Specialty Products Corporation (now Element Solutions Inc.) to acquire control of Arysta LifeScience Inc. The acquisition was completed in February 2019,[10][11] making UPL the fifth largest generic agrochemicals company in the world after Bayer, Corteva, Syngenta and BASF.[12][13]

  1. ^ "Contact Us". UPL Limited. Retrieved 16 March 2019.
  2. ^ "Global Leadership". UPL Limited. Retrieved 16 March 2019.
  3. ^ a b "UPL's Q4 net drops 43% to ₹792 crore on pricing pressure, delayed planting season". The Hindu Businessline. 8 May 2023. Retrieved 14 June 2023.
  4. ^ "UPL Q4FY23 results: Net profit falls by 42.6%, declares dividend". mint. 8 May 2023. Retrieved 14 June 2023.
  5. ^ a b c "Annual Report 2020-21" (PDF). UPL Limited. Retrieved 8 May 2022.
  6. ^ "Company Overview of UPL Limited". Bloomberg. 20 May 2023.
  7. ^ "Company Profile for UPL Limited". Reuters. Retrieved 16 March 2019.[dead link‍]
  8. ^ a b "UPL Limited on the Forbes Asia's Fab 50 Companies List". Forbes. Retrieved 16 March 2019.
  9. ^ "UPL LTD – GDR (UPL:Singapore): Company Description – Bloomberg". Bloomberg. Retrieved 16 March 2019.
  10. ^ "UPL completes acquisition of Arysta LifeScience for $4.2 billion". The Economic Times. 4 February 2019. Retrieved 16 March 2019.
  11. ^ "UPL Jumps The Most In Four Years After $4.2 Billion Deal To Acquire Arysta Lifescience". BloombergQuint. 23 July 2018. Retrieved 16 March 2019.
  12. ^ "All You Need To Know About UPL's Latest Buyout Plan". BloombergQuint. 17 July 2018. Retrieved 16 March 2019.
  13. ^ "UPL Completes Acquisition of Arysta LifeScience". Successful Farming. 1 February 2019. Retrieved 16 March 2019.