Crop Protection

Safex Chemicals declared FY21 results, clocks INR 782 Cr revenue

Quick Share

25 July 2022, New Delhi: Safex Chemicals, has registered a revenue of 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 current 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 business momentum since the pandemic’s beginning with major advancements and product developments. It recorded a revenue growth of 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’s 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.

Also Read: China: Measures counter food security risks

Quick Share