Sharda Cropchem Limited

Sharda Cropchem Limited is an India-based agrochemical company that operates an asset-light, registration-led business model. The business traces its origins to sole proprietorship concerns founded by Mr. R. V. Bubna, a chemical engineer from IIT Bombay, and Mrs. Sharda R. Bubna: M/s. Sharda International (1987) and M/s. Bubna Enterprises (1989). These concerns manufactured and exported dyes, dye intermediates, pesticides, agrochemicals and V-belts. In 2004, the businesses were transferred to Sharda Worldwide Exports Private Limited, which was renamed Sharda Cropchem Private Limited in September 2013 and converted into a public limited company, Sharda Cropchem Limited, later that month. The company's core activity is the identification of generic molecules, preparation of registration dossiers, obtaining product registrations, and marketing and distribution of formulations and generic active ingredients in the fungicide, herbicide and insecticide segments. It also supplies conveyor belts and V-belts for mining, steel, quarrying, grain silos, cement, ports and tunnelling, and industrial chemicals for water treatment, food ingredients and other applications. Sharda serves markets across Europe, NAFTA, Latin America and the Rest of the World, with a particular emphasis on high-entry-barrier regulated markets such as Europe and the United States. Sharda operates through third-party manufacturers and formulators, procuring finished formulations and active ingredients for resale, or procuring active ingredients and outsourcing formulation preparation. As of mid-2014, the company reported over 180 GLP-certified dossiers, more than 1,040 registrations for formulations and over 155 registrations for generic active ingredients. It has also entered the biocide segment, acquiring registrations primarily in Europe. The company is listed on Indian stock exchanges and maintains a corporate governance and investor relations function with quarterly reporting.

The business was the brainchild of Mr. R. V. Bubna, a Chemical Engineer from IIT Bombay with 45 years of hands-on experience in the chemical industry. He, together with Mrs. Sharda R. Bubna, commenced business operations through their sole proprietorship concerns, namely M/s. Sharda International in 1987 and M/s. Bubna Enterprises in 1989. These sole proprietary concerns were engaged in the manufacture and export of dyes, dye intermediates, pesticides, agrochemicals and V-belts. In 2004, Sharda Worldwide Exports Private Limited was formed. The businesses of the sole proprietary concerns were transferred to Sharda Worldwide Exports Private Limited with effect from April 1, 2004, on an "as is and where is basis." This marked the formal incorporation of the corporate entity that would become Sharda Cropchem Limited. On September 6, 2013, the company changed its name to Sharda Cropchem Private Limited, and on September 18, 2013, it was converted into a public limited company under the name Sharda Cropchem Limited. This conversion preceded the company's public listing on Indian stock exchanges. By the mid-2010s, Sharda had established itself as a fast-growing global agrochemicals company with a leadership position in the generic crop protection chemicals industry. It made deep inroads into the highly developed European and US markets, which are characterized as high-entry-barrier markets, and built a significant presence in other regulated markets such as LATAM and the Rest of the World. The company operates an asset-light business model, focusing on identifying generic molecules, preparing dossiers, seeking registrations, and marketing and distributing formulations through third-party distributors or its own sales force. Its core competence lies in developing product dossiers and seeking product registrations in different countries. As of August 5, 2014, the company had over 180 Good Laboratory Practices (GLP) certified dossiers, and as of July 15, 2014, it owned over 1,040 registrations for formulations and over 155 registrations for generic active ingredients across Europe, NAFTA, Latin America and the Rest of the World. The company also recently entered the biocide segment, acquiring several registrations from existing registration holders, primarily in Europe. It procures formulations and generic active ingredients in finished form from third-party manufacturers for onward sale, and also procures generic active ingredients for preparation and sale of formulations, outsourcing the formulation process to third-party formulators. This enables it to offer a diversified range of formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and the biocide segment as disinfectants. In addition to agrochemicals, Sharda supplies a variety of conveyor belts and V-belts used mainly in mining projects, followed by steel plants, quarries, grain silos, cement manufacturing facilities, ports and tunnelling projects. It also caters to customer needs for organic and inorganic chemicals across industries such as water treatment, food and food ingredients, and other industrial applications. The company serves markets across Europe, NAFTA, Latin America and the Rest of the World.

• 2014

  As of August 5, 2014, the company had over 180 GLP-certified dossiers; as of July 15, 2014, it owned over 1,040 registrations for formulations and over 155 registrations for generic active ingredients.

• 2013

  On September 6, 2013, the company changed its name to Sharda Cropchem Private Limited; on September 18, 2013, it was converted into a public limited company named Sharda Cropchem Limited.

• 2004

  Sharda Worldwide Exports Private Limited was formed; businesses of the sole proprietary concerns were transferred to it effective April 1, 2004.

• 1989

  M/s. Bubna Enterprises, a sole proprietorship concern, commenced business operations.

• 1987

  M/s. Sharda International, a sole proprietorship concern, commenced business operations.

A fast-growing global agrochemical company with a leadership position in the generic crop protection chemicals industry, focused on high-entry-barrier regulated markets through an asset-light, registration-driven model.

• Insecticides

• Fungicides

• Herbicides

• Veterinary Drugs

• Plant Growth Regulators

• Fumigants

• Rodenticides

• Biocides

• Conveyor Belts

• V-Belts

• Industrial Chemicals

1. 1:: Sharda Cropchem ::shardacropchem.com
2. 2About Us – :: Sharda Cropchem ::shardacropchem.com
3. 3Products – :: Sharda Cropchem ::shardacropchem.com
4. 4Corporate Governance – :: Sharda Cropchem ::shardacropchem.com