Balaji Phosphates Limited was originally incorporated as Balaji Phosphates Private Limited on April 4, 1996, through a Certificate of Incorporation issued by the Registrar of Companies, Kanpur, under the provisions of the Companies Act, 1956. Pawan Kumar Agrawal and Sushil Kumar Agrawal were the initial subscribers to the company. In 2014, control of the company was transferred to its current promoters, Mr. Mohit Airen and Mr. Alok Gupta. Following a Special Resolution passed at an Extraordinary General Meeting (EGM) on September 7, 2023, the company was converted from a private limited company to a public limited company. Concurrently, the company's name was changed to 'Balaji Phosphates Limited.' Upon this conversion, a new Certificate of Incorporation was issued by the Registrar of Companies, Gwalior, dated September 18, 2023.
The Company was originally promoted by Pawan Kumar Agrawal and Sushil Kumar Agrawal. In 2014, control of the company was transferred to the current promoters, Mr. Mohit Airen and Mr. Alok Gupta.
The Company is engaged in production of NPK Granulated and Mixed Fertilizers, as well as Zinc Sulphate (21%). The manufacturing plant is located at Dewas in Madhya Pradesh. The Company focus on manufacturing Phosphate Fertilizers, offering a diverse range of products including Single Super Phosphate (SSP) in both powder and granulated forms. These SSP products are produced in accordance with the Fertilizer Control Order of India Standards. This plant has an installed capacity of 120,000 MTPA for Single Super Phosphate, 3,300 MTPA for Zinc Sulphate and 49,500 MT per annum of NPK Granulated & Mix.
The Company sell products under the brands known RATNAM' and BPPL' to a diverse customers, including retailers, wholesalers and state-owned cooperatives with farmers being the end users of the products. The phosphate fertilizers comprising Single Super Phosphate (SSP), Zinc Sulphate and NPK Granulated & Mix Fertilizers are used in agricultural soils to enhance plant growth and development. SSP addresses phosphorus deficiencies, especially in acidic soils, promoting robust root development and seedling establishment. Zinc Sulphate corrects zinc deficiencies in alkaline and sandy soils, enhancing plant health and crop yield. NPK Fertilizers provide a balanced blend of nitrogen, phosphorus, and potassium for optimal crop growth and improved productivity. In line with the initiatives of the Department of Fertilizers, Government of India, the Company provide value-added, fortified SSP with zinc and boron to tackle soil deficiencies. These products cater to farmers in Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh, supporting local agricultural growth.
One of the key raw materials is Rock Phosphate, which is categorized into two types, Crushed Rock Phosphate (CRP) and Beneficiated Rock Phosphate (BRP). For CRP, it rely on imports from various countries including Jordan, Morocco, Egypt and Other Gulf Countries, which have abundant and good-quality supply. BRP on other hand is sourced locally. Additionally, the Company source Sulphuric Acid, a key ingredient in manufacturing process, locally from Madhya Pradesh.
The Company is planning an Initial Offer size aggregating upto 71,60,000 Equity Shares of Rs 10 each consisting a Fresh Issue upto 59,40,800 Equity Shares through Fresh Issue and 12,19,200 Equity Shares through Offer for Sale.