08 Jul, 11:09 - Indian

Nifty Next 50 68518.85 (-0.30)

Nifty Smallcap 100 18815.65 (-0.71)

SENSEX 83408.35 (-0.04)

Nifty Bank 57112.6 (0.29)

Nifty Midcap 100 59147.85 (-0.62)

Nifty Pharma 22066.45 (-1.34)

Nifty 50 25436.55 (-0.10)

Nifty IT 38760.75 (-0.27)

08 Jul, 11:09 - Global

NIKKEI 225 39677.77 (0.23)

HANG SENG 24061.46 (0.73)

S&P 6290.75 (0.04)

LOGIN HERE

flagSumitomo Chemical India Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 542920 | NSE Symbol : SUMICHEM | ISIN : INE258G01013 | Industry : Agro Chemicals |


Company History

Sumitomo Chemical India Limited (SCIL) was incorporated originally on 15 February 2000 and converted from Private Limited to Public Limited w.e.f. 24th November 2018. SCIL is a subsidiary of Sumitomo Chemical Company Limited, Japan (SCCL). The Company is engaged in manufacturing of household insecticides, agricultural pesticides, public health insecticides and animal nutrition products.

Excel Crop Care Limited, a subsidiary of Sumitomo Chemical Company, Limited, Japan, the Company's Holding Company was amalgamated with the Company on April 1, 2018 and the Scheme of Amalgamation was made effective on 31 August, 2019. In terms of the said Scheme, entire business and the undertaking of Excel Crop Care Limited was transferred in the Company effective April 1, 2018. Accordingly, the Company has issued and allotted its 224,557,641 shares of Rs. 10 each as fully paid up to the other shareholders of Excel Crop Care Limited. As a result of implementation of the Scheme of Amalgamation, Excel Crop Care (Africa) Limited, Tanzania and Excel Crop Care (Europe) NV, Belgium, the subsidiaries of Excel Crop Care Limited became the Company's subsidiaries.

In 2022, Company expanded manufacturing capacity for one of its technical grade products. It completed feasibility study for introducing three new technical grade products and take initiatives for introducing new technical grade products and expanding production capacity.

During the year 2022-23, the Company commissioned additional 1.8 MW solar power plant for captive consumption.

During the year 2023-24, the Company introduced breakthrough technology for oomycetes disease control -Derechor which is a proprietary active ingredient of the parent company and an innovative advance liquid formulation of Copper.

On 15 December 2023, the Company acquired 85% equity shares and controlling stake in Barrix Agro Sciences Private Limited, making it a subsidiary of the Company.

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +