The Silicon Review
Coromandel International Limited, India’s second-largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection, and Retail. The Company manufactures a wide range of fertilizers and markets around 4.5 million tons making it a leader in its addressable markets.
In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. Coromandel is the second-largest manufacturer of Malathion and only the second manufacturer of Phenthoate. Coromandel has also ventured into the retail business setting up around 800 rural retail centers in the States of Andhra Pradesh, Telangana, Karnataka, and Maharashtra.
The Company clocked a turnover of Rs. 13,240 Crore during FY 2018-19. lt was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 369 Billion (36,893 Crores) Murugappa Group.
We aim to be the leader in farm solutions business in the geography of choice, consistently delivering superior value to stakeholders through highly engaged employees with a strong commitment towards sustainability and its values.
The firm’s philosophy is the fundamental principle of economic activity is that no men you transact with lose then you shall not.
The Company’s Culture
Coromandel is managed by competent and committed professionals using advanced management practices. The Company is known for fostering a climate of high performance and continuous improvement. Coromandel's culture is based on the three tenents - knows | cares | fulfills.
The Products and Services
Coromandel has multi-locational production facilities and manufactures & markets a wide range of PhosphaticFertilisers, Crop Protection Products, Speciality Nutrients like SulphurPastelles, Water Soluble Fertilisers, Micro Nutrients, and Organic Fertilisers. The Company exports its Crop Protection products to countries across the globe. Coromandel also provides Agri input solutions to the farmers through its rural retail centers. The Company is managed by competent and committed professionals and is known for fostering a climate of high performance and continuous improvement.
Coromandel places shareholders above all the stakeholders. The Company always strives to create value for shareholders through continued sustained performance and increasing returns to the shareholders year after year. The Company has put in place a robust system for solving Investors' grievances/complaints promptly. Information dissemination on all the developments relating to the Company through half-yearly communications to all the shareholders and also through various disclosures to the statutory authorities to help investors in making considered decisions is also done promptly. The Company adheres to all the statutes in the furtherance of Investors' interest.
Corporate Social Responsibility
Coromandel's business interest is not limited to commercial profit alone. Its corporate responsibility does not stop with merely increasing shareholder value. Coromandel associates with various community development activities in the communities around its manufacturing facilities as well as in the markets in which it operates.
Coromandel gives topmost priority to Safety, Health and Environment (SHE) performance and standards across all its plants. Coromandel regularly assesses and works towards making sure that all the company’s plants achieve the best standards in terms of SHE performance.
When operations involve the handling of chemical products, following health, safety and environment procedures become a necessity and a responsibility. Coromandel gives utmost importance to the concept of employee health and safety given the nature of manufacturing operations.
It has voluntarily adopted the Process Safety Management System (PSMS) to prevent hazardous incidents. Coromandel also follows ISO 9001, ISO 14001 and OHSAS 18001 standards.
The firm has drafted a comprehensive QSHE policy to ensure the highest standards possible in SHE management systems, fuelling dynamism in quality, safety, health, and environmental performance and driving continuous improvements through the development of key performance indicators for benchmarking ;
The Leader of the Firm
Mr. M. M. Murugappan, Chairman
Mr. M. M Murugappan, aged 62 yrs. holds a Master’s degree in Chemical Engineering from the University of Michigan, USA. He has held the position of Managing Director of CUMI in the past. Besides serving as the Chairman of CUMI, Tube Investments of India, Cholamandalam MS General Insurance Company Limited, he is on the Boards of several companies including Mahindra & Mahindra, IIT Madras Research Park, Cyient and TI Financial Holdings Limited. Mr. M. M. Murugappan was elected as a fellow of the Indian Ceramic Society and is also a member of the American Institute of Chemical Engineers, Indian Institute of Chemical Engineers, Plastics & Rubber Institute. He is also a member of the Board of Governors, IIT Madras.
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