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PI Industries Stock Fundamental Analysis - Financial Results & Equity Research | Invest Yadnya Stock-o-Meter

PI Industries


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Set up in 1946 as an edible oil refinery PI Industries was founded by Mr P Singhal. The company later pivoted towards agrochemicals business. In the mid-1990s, PI diversified into CSM exports for global agrochemical innovator companies. The company derives 29% of revenue from formulations & 71% of revenue from Custom Synthesis business.The company has slowly increased its focus on custom synthesis business. The company has strong contacts with global innovators around the globe for its custom synthesis business which is a unique value proposition for the company in the agrochemicals industry.


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Sector: Refineries

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Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as various multi-product plants under its manufacturing locations. These state-of-the-art facilities have integrated process development teams with in-house engineering capabilities. The Company maintains a strong research presence through its R&D facility at Udaipur.

The facility includes advanced research and development labs, kilo plants and pilot plants with NABL certification. Over the years, the Company has successfully leveraged its capabilities across the Agri-sciences value chain by providing integrated and innovative solutions to its customers by partnering with the best. Its business approach is built on the foundation of trust, integrity and IP protection. PI Industries has formed partnerships with leading companies globally where it provides solutions across the fields of research & development, regulatory services, manufacturing services, application development, marketing, distribution and customer connect initiatives.

Business area of the company

PI Industries is engaged in the business of- Agri inputs, Fine Chemicals and (CRAMS) Contract Research and Manufacturing Services), Polymers and Engineering Services.


  • Agrochemicals
  • Fungicides
  • Herbicides
  • Specialty Products

Achievements & Accreditations


  • R&D recognized by Ministry of Science and Technology.


  • ISO 9002 and 14001 Certifications.


  • Accredited by OHSAS 18001 and ISO 17025.
  • Launched 8 new Products in Indian Market.
  • Introduced 10 Global Products in CSM.


  • Recognized as Power Brands Hall of Fame - Corporate Leader of the Year Award.
  • Certificate of Excellence for outstanding performance in Supplier Sustainability by Bayer Group of Companies.


  • Best Supplier Award at Agrow Awards.
  • Green Manufacturing Excellence Award by Frost and Sullivan.


  • Certificate of Appreciation from National Safety Council of India.
  • India’s Best CEO Award by Business Today to CMD, Mr. Salil Singhal.
  • Best Manager with Strategic Vision Award to MD, Mr. Mayank Singhal at Agrow Awards.
  • Golden Peacock Award for Environment Management.
  • Business Impact Award, Enterprise Security & Innovation to IT Department by 9.9 Mediaworx.
  • Udyog Rattan Award to MD, Mr Mayank Singhal by Institute of Economic Studies.


  • Best CEO Award to Mr. Salil Singhal , Business India Mindrush.
  • Lifetime Achievement Award to Mr. Salil Singhal , 7th International Agriculture Summit.
  • EY Entrepreneur of the Year Award to Mr. Salil Singhal.
  • Certificate of Excellence - Winner Global Sourcing - Outstanding Performance by Bayer Group of Companies.
  • Green Manufacturing Excellence Award by Frost and Sullivan.


  • Awarded Silver Trophy for safety by National Safety Council of India.
  • Golden Peacock Awards for Quality.
  • Flame Awards Asia 2016 for Brand Building.


  • Frost & Sullivan Award.
  • Social Change Award.
  • Global Sourcing -Outstanding Performance Award.
  • Shreshtha Suraksha Puraskar.
  • Golden Peacock Awards for Quality.
  • Recertification of ISO 14001:2015 and OHSAS 18001:2007.
  • ISO 27001:2013 certification for implementation of information security.


  • Lifetime achievement award to Mr. Salil Singhal.
  • Golden Peacock Award for CSR in Chemical and Fertiliser Segment.



  • Established marketing network across India.
  • Installed Agchem technical plant.
  • Diversified into mining and mineral processing business. Later hived off into a separate company named as Wolkem India Ltd.
  • First export of Agchem formulation.
  • Started AgChem Formulation and Marketing under VEGFRU brand.


  • Changed name to PI Industries Ltd.
  • Diversified into Polymer Compounding.
  • Diversified into Custom Synthesis & Manufacturing.
  • Diversified into Energy Metering: later rechristened as Secure Meters Ltd.
  • Set up manufacturing site at Panoli (Gujarat).
  • Installation of Phorate technical Plant.
  • Set up a turnkey Agchem Manufacturing Unit in the Middle East.


  • Divested polymer business.
  • Expansion of R&D Centre at Udaipur.
  • Started Formulation plant at Jammu.


  • Successfully commissioned a new manufacturing site at Jambusar, Gujarat.
  • PI-Sony Research Initiative.
  • Divested Polymer Compounding business.
  • Expansion of Custom Synthesis & Manufacturing (CSM) facilities (Built two new MPPs in Panoli).


  • New Formulation site setup at Panoli (Gujarat).


  • Established office in Germany.
  • Commercialized three new molecules for custom synthesis exports.


  • Solinnos Agro - a Joint Venture with Mitsui Chemicals Agro (MCAG) and PI.
  • Established a State-of-the-Art R&D center (P. P Singhal Research Centre at Udaipur, Rajasthan).
  • Established a new operations office at Vadodara (Gujarat).
  • Upgraded to SAP Hana.
  • Two world class Multi Product Plants commissioned at Jambusar (Gujarat).

2017- 2018

  • PI Industries and Kumiai Chemical Industry Co. Ltd. establish a Joint Venture in India
  • Entry into Sugarcane Crop Protection market with launch of COSKO.
  • The Iconic brand “NOMINEE GOLD” completes 10 years.


  • Acquisition of Isagro Asia Agrochemicals Private Ltd.
  • Commissioning of multi product facility at Jambusar Site.
  • Entered in to agri-solutions like mechanised Spray Machines.
  • Silver Jubilee celebration of Panoli manufacturing unit.
  • PI Industries to acquire entire stake in Isagro Asia Agrochemicals
  • PI Industries has incorporated a wholly owned subsidiary named 'Jivagro’ on December 12, 2019
  • PI Industries has completed its acquisition of Isagro (Asia) Agrochemicals from Isagro Spa and its affiliates, a deal which was signed in Nov, 2019.
  • PI Industries has started commercial production of newly set-up unit of the company situated at Gujarat with effect from March 11, 2020.
  • PI Industries has incorporated two wholly owned subsidiary Companies namely ‘PI Enzachem’ and ‘PI Fermachem’ on September 11, 2020.
Brands Of PI Industries

Brands Of PI Industries



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