Safex Chemicals Witnesses Tremendous Growth in Financial Year 2021; Clocks Rs 782 Crore Revenue

Safex Chemicals, the country's leading agrochemical company, has completed a spectacular growth journey, registering Rs. 782 Cr in revenue during FY21. The company now expects to be a 1000 Cr valuation enterprise by the end of this fiscal year, marking one of the most significant increases in the last 12 years.

The agrochemical sector has seen a significant increase in opportunities to build resilience in maintaining effective food safety processes in the face of numerous challenges, including climate change (erratic monsoons) that resulted in an unpredictable demand pattern in FY22.

The global pandemic posed additional challenges by disrupting supply chain activities due to transportation disruptions during nationwide/state-wide lockdowns and the resulting labour shortage, employee fear of returning to work, supply chain concerns, inflation, and commodity price increases.

Safex has maintained its exceptional business momentum since the pandemic’s beginning with major advancements and product developments. It recorded an impressive revenue growth worth 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, 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 heart-warming 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. It has a unique marketing strategy with the comprehensive product portfolio of over 100 products across insecticides, herbicides, fungicides, micronutrients, pesticides and plant growth regulators. The company operates five manufacturing facilities located across India.