>BrownHairedGirl at 04:39, 17 April 2021

2021-04-17T04:39:54Z

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{{Use Indian English|date=September 2017}}
{{Use dmy dates|date=September 2017}}
{{Infobox company
| name = Indian Potash Limited
| logo = Indian_Potash_Limited_Logo.jpg
| caption =
| type = [[Cooperative]]
| traded_as =
| genre = 
| fate =
| predecessor =
| successor =
| foundation = {{Start date|df=yes|1955|06|17}}<ref>{{Cite web|url=https://www.zaubacorp.com/company/INDIAN-POTASH-LIMITED/U14219TN1955PLC000961|title=INDIAN POTASH LIMITED - Company, directors and contact details {{!}} Zauba Corp|website=www.zaubacorp.com|language=en|access-date=2017-09-11}}</ref>
| founder =
| defunct =
| location_city = Floor 1, Seethakathi Business Centre, Anna Salai, [[Chennai]]
| location_country = India<ref>{{Cite web|url=http://www.indianpotash.org/contact-us.html|title=Welcome to Indian Potash Limited - IPL|website=www.indianpotash.org|access-date=2017-09-11}}</ref>
| location =
| locations =
| area_served = [[India]]
| key_people = Dr. P. S. Gahlaut, Managing Director and Director<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22637217|title=Indian Potash Limited: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2017-09-11}}</ref> <br/> D. John Thankam, President<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=253039114&privcapId=22637217&previousCapId=22637217&previousTitle=Indian%20Potash%20Limited|title=D. John Thankam: Executive Profile & Biography - Bloomberg|website=www.bloomberg.com|access-date=2017-09-11}}</ref>
| industry =
| products = [[Fertiliser]]s
| services =
| revenue = {{INRConvert|166.5|b}} (2015–16)<ref>{{Cite web|url=http://www.indianpotash.org/downloads/pdf/IPL-Annual-Report-2015-16.pdf|title=61st Annual Report|access-date=2017-09-11}}</ref>
| operating_income =
| net_income = {{INRConvert|1.62|b}} (2010–11)
| aum = 
| assets =
| equity =
| owner =
| num_employees =
| parent = [[Indian Farmers Fertiliser Cooperative]] (Largest stake holder)<ref>{{Cite web|url=http://www.iffco.in/initiatives/initiative_detail/india/ipl|title=::. IFFCO .::|website=www.iffco.in|access-date=2017-09-11}}</ref>
| divisions =
| subsid =
| homepage = {{URL|http://www.indianpotash.org/}}
| footnotes =
| intl =
}}

'''Indian Potash Limited''',<ref>{{Cite news|url=http://www.thehindubusinessline.com/business-wire/wisekey-and-indian-potash-limited-partnership-to-create-a-cybersecurityiot-platform-an-ecosystem-connecting-140-million-farmers-and-200-companies/article9192120.ece|title=WISeKey and Indian Potash Limited partnership to create a cybersecurity/IoT platform – an ecosystem connecting 140 million farmers and 200 companies|date=2016-10-06|work=The Hindu Business Line|access-date=2017-09-11|language=en}}</ref><ref>{{Cite web|url=http://www.forbesindia.com/article/special/tokio-marine-raises-stake-in-iffcotokio-jv-to-49;-move-to-help-boost-india-presence/47505/1|title=Tokio Marine raises stake in IFFCO-Tokio JV to 49%; move to help boost India presence {{!}} Forbes India|website=Forbes India|language=en-US|access-date=2017-09-11}}</ref><ref>{{Cite news|url=http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/point-of-sale-devices-for-fertilizer-dealers/article19367886.ece|title=Point-of-Sale devices for fertilizer dealers|author=Staff Reporter|date=2017-07-27|work=The Hindu|access-date=2017-09-11|last2=Reporter|first2=Staff|language=en-IN|issn=0971-751X}}</ref> also known as '''IPL''', is a [[fertiliser]] company based in [[India]]. The company was incorporated under Indian Companies Act with the objective of import-handling, promotion and marketing of Potash in India. The company imports, handles, promotes, and markets potash fertilisers in India. It sells fertilisers such as [[Potassium chloride|Muriate of Potash]], [[triple super phosphate|Triple Super Phosphate]], [[Monoammonium phosphate|Monoammonium Phosphate]], and [[Sulfate of potash|Sulfate of Potash]]. The company was formerly known as Indian Potash Supply Agency and changed its name to Indian Potash Limited in 1970. The company was founded in 1955 and is headquartered in [[Chennai]], India.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22637217|title=Indian Potash Limited: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2017-09-11}}</ref> It is India's largest potash firm.<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/indian-potash-reduces-mop-price-by-rs-50/articleshow/52520286.cms|title=Indian Potash reduces MoP price by Rs 50|date=2016-05-31|work=The Economic Times|access-date=2017-09-11}}</ref>

==History==

Indian Potash Limited was founded in 1955 as Indian Potash Supply Agency. After independence of India from British rule in 1947, there were a number of importers of Muriate of Potash (MOP) mainly for application on tea/coffee gardens and other plantation crops. In 1955 these importers formed a consortium for joint working and named it as Indian Potash Supply Agency (IPSA) for import and distribution of MOP across India. The main objective of IPSA was to create awareness among the farmers on the use of Potash.

In 1970, IPSA was converted into Indian Potash Limited (IPL) and its equity base was expanded with Cooperative Sector, Fertiliser Companies in both Private and Public Sectors with major shares with Cooperative Sector.<ref>{{Cite web|url=http://www.potash4life.co.in/|title=potash4life|website=www.potash4life.co.in|access-date=2017-09-11}}</ref>

==Company==

Currently, Co-operative sector holds more than 70% of shares in the company and the largest shareholder is [[Indian Farmers Fertiliser Cooperative]] with 33.99% holding. Other major shareholders are Gujarat, Andhra and Tamil Nadu State Co-Op Marketing Federation Cooperatives. Madras Fertilisers Limited is the largest Public sector shareholder in the company while Gujarat State Fertilisers and Chemical Limited is the largest shareholder from the Private sector.

IPL is the largest importer of fertiliser in the country and second largest buyer of fertilisers in international market. IPL imports fertilisers through all the Indian ports and it is the only company in India which handles fertilisers throughout the year at all ports. The company is also active in production and marketing of Cattle Feed, dairy products, sugar and trading of precious metals (gold and silver).<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/mmtc-indian-potash-forge-alliance-to-sell-gold-silver-in-rural-areas/article2201586.ece|title=MMTC, Indian Potash forge alliance to sell gold, silver in rural areas|last=Bureau|first=Our|date=2011-07-06|work=The Hindu Business Line|access-date=2017-09-11|language=en}}</ref><ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/indian-potash-to-diversify-into-sugar-and-ports/article2216440.ece|title=Indian Potash to diversify into sugar and ports|last=Srinivasan|first=G.|date=2011-07-10|work=The Hindu Business Line|access-date=2017-09-11|language=en}}</ref>

==Plants==

In order to strengthen the relationship with farmers, the company has started production and marketing of Cattle Feed all over the country. They commenced the production and distribution of feeds from two plants one at [[Sikandrabad]], [[Uttar Pradesh]] and another at [[Renigunta]], [[Andhra Pradesh]] to meet the requirement of states in northern and southern India.

IPL has footprint in [[Dairy]] industry as well. They have established one dairy plant in Kundli ([[Sonepat]] district), [[Haryana]] and another dairy plant at Sikandrabad in Uttar Pradesh. They work in close coordination with [[Mother Dairy]] to develop their dairy division.

They have acquired five Sugar Units in Uttar Pradesh<ref>{{Cite news|url=http://www.financialexpress.com/india-news/yogi-adityanath-government-cracks-whip-orders-sugar-mill-owners-to-be-personally-present-in-meet-with-cane-minister-over-defaults/621900/|title=Yogi Adityanath government cracks whip, orders sugar mill owners to be personally present in meet with cane minister over defaults|date=2017-04-10|work=The Financial Express|access-date=2017-09-11|language=en-US}}</ref> during the financial year 2010-2011. The company is also working on two joint venture products namely Green Field Port Facility on Gujarat coast and an Integrated Sugar Complex with Co-generation and Distillery in [[Bihar]].<ref>{{Cite web|url=http://www.indianpotash.org/new-vistas.html|title=Welcome to Indian Potash Limited - IPL|website=www.indianpotash.org|access-date=2017-09-11}}</ref>

==Production and sales==

The total volume sales of all products during the year 2015-16 stood at 7.8 million tonnes. MOP or Muriate of Potash is the flagship product of the company and was able to achieve sales of 2.78 million tonnes in the year 2015-16.

==Financial performance==

The total revenue of the Company during the year 2015-16 was at INR 16,650.23 crores. The Company earned a Pre-tax Profit of INR 247.47 crores and Net Profit of INR 161.91 crores.

==See also==
* [[List of companies of India]]

== References ==
{{Reflist}}

{{Authority control}}

[[Category:1955 establishments in Madras State]]
[[Category:Agricultural supply cooperatives]]
[[Category:Chemical companies established in 1955]]
[[Category:Fertilizer companies of India]]
[[Category:Companies based in Chennai]]
[[Category:Indian companies established in 1955]]
[[Category:Agricultural cooperatives in India]]

Indian Potash Limited - Revision history

>BrownHairedGirl at 04:39, 17 April 2021