Cropnosys India Announces Successful Capital Raise of INR 375 Crore
An Indian Agrochemical Manufacturing Company Secures Financing for Expansion
Bengaluru, Karnataka – December 14, 2023
Cropnosys (India) Private Limited (“Cropnosys”), a leading agrochemical manufacturing company specializing in niche patented molecules, has recently secured a significant capital raise of INR 375 crore. This strategic investment will propel Cropnosys towards its mission of achieving better control over the product and supply chain through a world-class, vertically integrated plant.
Capacity Expansion in Vapi, Gujarat
Cropnosys is setting up a state-of-the-art facility in Vapi, Gujarat, which is expected to multiply its production capacity by fivefold. The new plant, scheduled to be operational by December 2024, will enhance Cropnosys’ growth trajectory by enabling the production of newer molecules and reducing dependence on external sourcing for key intermediates.
Strategic Partnership with Kotak Strategic Situations Fund
Cropnosys is excited to collaborate with Kotak Strategic Situations Fund, which shares the vision of transforming the agrochemical supply chain. The fund’s investment will support Cropnosys in several key areas:
- Manufacturing Scale-Up: The capital infusion will facilitate the expansion of Cropnosys’ product portfolio and enhance its semi-automated multipurpose plant’s efficiency.
- Infrastructure and Technology: Cropnosys plans to invest in infrastructure upgrades and cutting-edge technology to drive sustainable growth.
- Regulatory Compliance: The company aims to maintain the highest quality standards while adhering to regulatory requirements.
- Talent Development: Cropnosys will focus on attracting top talent to drive innovation and operational excellence.
About Kotak Strategic Situations Fund
Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Ltd., specializes in providing customized solutions capital to corporates across various sectors. With a target corpus of USD 1.6 billion, the fund strategically partners with companies based on their unique situations, requirements, and business prospects.
Cropnosys: A Green and Sustainable Approach
Cropnosys’ commitment to sustainability aligns with its green initiatives. As the company enters a phase of robust growth, it remains dedicated to minimizing environmental impact while delivering high-quality agrochemical solutions.
For more information about Cropnosys and its innovative approach to crop solutions, visit Cropnosys India’s website.
