UPL Limited
FormerlyUnited Phosphorus Limited (1969–2013)
Company typePublic
ISININE628A01036
Industry
Founded29 May 1969; 54 years ago (1969-05-29)
FounderRajnikant Shroff
HeadquartersUPL House, 610 B/2, Bandra Village, Bandra (East),
Mumbai, Maharashtra
,
India[1]
Area served
Worldwide
Key people
  • Rajnikant Shroff (Chairman & MD)
  • Jaidev Shroff (CEO)[2]
Products
RevenueIncrease ₹53,576 crore (US$6.7 billion) (FY23)[3]
Increase ₹11,178 crore (US$1.4 billion) (FY23)[4]
Decrease ₹3,569 crore (US$450 million) (FY23)[3]
Total assetsIncrease ₹82,679 crore (US$10 billion) (2022)
Total equityIncrease ₹24,661 crore (US$3.1 billion)[5] (2022)
Owners
Number of employees
10,000+[5] (FY21)
Websitewww.upl-ltd.com

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.[6] 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.[7][8]

United Phosphorus Limited was established on 29 May 1969.[8] The company changed its name to UPL Limited in October 2013.[9]

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,[10][11] making UPL the fifth largest generic agrochemicals company in the world after Bayer, Corteva, Syngenta and BASF.[12][13]

References

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