Crystal Crop Protection Limited IPO

Crystal Crop Protection Limited is an R&D based crop protection manufacturing and marketing company. Our products cater to the entire lifecycle of crops, from sowing to harvesting. We provide crop protection solutions to the Indian farmer to assist them to maximize productivity and profitability. We have integrated operations, from undertaking R&D of new molecules to manufacturing and delivering our products to farmers across India through our extensive distribution network. Our Company was incorporated on July 13, 1994, as Jai Bharat Crop Chemical Private Limited and we have been involved in the crop protection business.
The company has diversified our business from manufacturing and marketing domestic agrochemicals into manufacturing and distribution of seeds, and the distribution of agri-equipment and exports of our agrochemical products.
According to CRISIL Research, during the five-year period from 2012-13 to 2016-17, the total Indian crop protection market size (domestic consumption and exports) was estimated to have increased at a CAGR of approximately 9.1% to ₹ 291.00 billion in 2016-17, from ₹. 205.00 billion in 2012-13. However, despite the rapid growth in recent years and the increased penetration of pesticide manufacturers, India’s pesticide usage is well below global levels at 0.3 kilograms per hectare compared to countries like France and Germany, where pesticide consumption is at three kilograms per hectare and four kilograms per hectare, respectively (Source: the CRISIL Report) Further, according to CRISIL Research, the utilization of arable land has peaked in the case of India, which means that the scope for increasing the area under cultivation is minimal. As a result, we believe that the only means through which the Indian farmer will be able to increase yields is through the use of modern farming techniques, which involves the use of pesticides. As a result, we believe there is significant scope for an increase in pesticides usage, as well as the intensity of consumption of pesticides per hectare and we believe we are ideally positioned to take advantage of the need for their increased use.