UPL (company) explained

UPL Limited
Logo Alt:United Phosphorus Ltd - UPL official logo
Image Alt:United Phosphorus Ltd - UPL official logo
Former Name:United Phosphorus Limited (1969–2013)
Type:Public
Isin:INE628A01036
Founder:Rajnikant Shroff
Hq Location:UPL House, 610 B/2, Bandra Village, Bandra (East)
Hq Location City:Mumbai, Maharashtra
Hq Location Country:India[1]
Area Served:Worldwide
Revenue: (FY23)
Operating Income: (FY23)[2]
Profit: (FY23)[3]
Assets Year:2022
Equity: [4]
Equity Year:2022
Num Employees:10,000+
Num Employees Year:FY21

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.[5] 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.[6] [7]

United Phosphorus Limited was established on 29 May 1969.[7] The company changed its name to UPL Limited in October 2013.[8]

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,[9] [10] making UPL the fifth largest generic agrochemicals company in the world after Bayer, Corteva, Syngenta and BASF.[11] [12]

Notes and References

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