Indian Farmers Fertiliser Cooperative

Indian Farmers Fertiliser Cooperative (IFFCO)
Company typeCooperative society
Founded3 November 1967 (1967-11-03)
FounderUdaybhansinhji Natwarsinhji Jethwa
Headquarters,
India
Area served
India
Key people
  • Dileep Sanghani (Chairman)
  • Balveer Singh (vice chairman)
  • U S Awasthi (MD and CEO)
ProductsFertilisers
RevenueIncrease 62,990 crore (US$7.5 billion) (FY23)[1]
Increase 3,053 crore (US$370 million) (FY23)[1]
Websitewww.iffco.in

Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertiliser. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita (as per World Cooperative Monitor 2021),[2] with around 35,000 member cooperatives reaching over 50 million Indian farmers.

With around 19% market share in urea and around 31% market share in complex fertilisers (P2O5 terms), IFFCO is India's largest fertiliser manufacturer.

The cooperative was ranked 66th on the Fortune India 500 list of India's biggest corporations as of 2017,[3] with a net worth of $2.6 billion as of March 2021.[4]

  1. ^ a b Mishra, Prabhudatta (2 May 2023). "IFFCO net profit surges to record ₹3,053-cr in FY23, up 62%". BusinessLine. Retrieved 10 February 2024.
  2. ^ "World Cooperative Monitor | ICA Monitor". ICA. Retrieved 25 March 2022.
  3. ^ "IFFCO – Fortune India 500".
  4. ^ "IFFCO Annual Report 2017-18" (PDF).