Bayer CropScience Ltd

BSE: 506285 | NSE: BAYERCROP | ISIN: INE462A01022 
Market Cap: [Rs.Cr.] 8,419.67 | Face Value: [Rs.] 10
Industry: Pesticides / Agrochemicals - Multinational

Company Profile

Bayer CropScience is a world leader in the areas of crop protection, pest control, seeds and plant biotechnology. The company offers comprehensive solutions for modern, sustainable agriculture and non-agricultural applications. The company operates in the area of Crop Protection, Environmental Science and BioScience. The company develops and markets fungicides, insecticides, herbicides, and seed treatment products. They use plant biotechnology and breeding to offer solutions for agriculture, nutrition, health and biomaterials. They have their production facilities at Thane in Maharashtra, Himatnagar and Ankleshwar in Gujarat. Bayer CropScience Ltd formerly known as Bayer (India) Ltd was incorporated in the year 1958. The company is the Indian subsidiary of Bayer Germany which is a diversified international chemical and healthcare company. They diversified into inorganic-chemistry-related fields like hard metals, engineering ceramics, etc, after acquiring Hermann C Starck of Berlin, Germany. The company was converted into public limited company on December 28, 1996. In 1993, the company entered into a strategic alliance with Herdillia Chemicals to manufacture diphyl heat transfer medium. During 1998-99, Jagat Chemicals, a 100% subsidiary was amalgamated with the company with effect from January 1, 1999. Sales and marketing operations of the Pharma Business Group were discontinued during the month of August 2000 and are now being handled by a new subsidiary of Bayer AG in India. The Trademark License Agreement between Bayer AG and Bayer (India) Limited in respect of Business group Pharma has been terminated with effect from 27th July,2000.The Company will continue to manufacture the existing products at Thane on Toll basis for the new subsidiary. Bayer CropScience India Ltd was amalgamated with the company with effect form April 1, 2003. The company sold the assets of the Household Insecticide Business of the Consumer Care Division of the company to S C Johnson Products Ltd. The company incorporated a wholly owned subsidiary named Bayer Polychem (India) Ltd on September 15, 2003. The non-cropscience businesses of the company comprising of Healthcare, Polymers and Chemicals were transferred to the Bayer Polychem (India) Ltd with effect from November 1, 2003. The company name was changed from Bayer (India) Ltd to Bayer CropScience Ltd. In the year 2004, the company had entered into an agreement with BASF India Ltd for the transfer of the Fipronil activities to BASF India. The chemical business and part of the polymers business of Bayer Polychem (India) Ltd has been transferred to Lanxess India Pvt Ltd during the year in the a strategic realignment of the Bayer Group, worldwide. Also, the MaterialScience business of the company has been transferred to Bayer MaterialScience Pvt Ltd. During the year 2006, the company successfully launched two products namely Admire 70WG, an Insecticide for sucking pests in various crops and Dadeci, an Insecticide for brown plant hopper control in Rice. In June 2007, the company sold the shares of their subsidiary company Bayer Polychem India Ltd to Bayer MaterialScience Pvt Ltd for the consideration of Rs 3.90 crore.

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Key Information

Key Executives:

Vijay Mallya , Chairman

Sharad M Kulkarni , Director

Peter Mueller , Director

A K R Nedungadi , Director


Company Head Office / Quarters:

Olympia Hiranandani Gardens,
I Floor Central Avenue Powai,
Mumbai,
Maharashtra-400076
Phone : Maharashtra-91-022-25711234 / Maharashtra-
Fax : Maharashtra- / Maharashtra-
E-mail : ir_bcsl@bayer.com
Web : http://www.bayer.in

Registrars:

TSR Darashaw Ltd
6-10 Haji Moosa ,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011

 
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