Latest news with #MatixFertilisersandChemicalsLimited
Yahoo
15-05-2025
- Business
- Yahoo
Nishant Kanodia, Promoter & Chairman, of Matix Fertilisers appointed to the Board of Directors of The International Fertilizer Association
Driving Global Dialogue on Food Security, Sustainability, and Agricultural Innovation LONDON and MONACO, May 15, 2025 /PRNewswire/ -- Nishant Kanodia, Promoter and Chairman of Matix Fertilisers and Chemicals Limited, has been appointed to the Board of Directors of the International Fertilizer Association (IFA), the leading global organization representing the entire fertilizer value chain. The appointment was formalised at the IFA Annual Conference 2025 in Monaco, themed 'Investing in the Future of Food'. With approximately 500 members across more than 80 countries, IFA champions policy, innovation, and sustainable fertilizer practices that contribute to global food security. Ms. Alzbeta Klein, CEO & Director General of IFA, commented, "We are delighted to welcome Mr. Nishant Kanodia to the IFA Board. India's pivotal role in global agriculture, together with Mr. Kanodia's visionary leadership, will be instrumental in advancing IFA's mission for sustainable, resilient food systems worldwide." India's agricultural sector has transformed a mid-20th-century food scarcity to becoming a leading global producer of staples, cereals, pulses, fruits, and vegetables. Through technology adoption, nutrient management, and farmer empowerment, India now plays a central role in global food security and consciously contributing to climate-resilient farming. Speaking on his induction to the IFA Board, Mr. Nishant Kanodia, Chairman Matix Fertilisers and Chemicals Limited, stated, "It is a privilege to join the IFA Board at a time when India is increasingly central to global food security. The need for balanced nutrient management and innovation-driven growth has never been greater. I look forward to supporting IFA's efforts to empower farmers, protect ecosystems, and enhance productivity globally and in India." Under Mr. Kanodia's leadership, Matix Fertilisers—an integrated crop nutrition company with revenues of around ₹7,000 crore—has established itself as a market leader in Eastern India, with a 20% share of the region's urea market. Its state-of-the-art facility in Panagarh, West Bengal, achieved a record production of 1.47 million tonnes in FY25, operating at over 115% of annual rated capacity. The company was recently honoured with the Fertiliser Association of India (FAI) "Best Production Performance" Award for 2023–24. Matix continues to expand its portfolio with innovative and sustainable agri-input solutions, supporting farmers across nine states through a vast network of over 1,000 dealers and 60,000 retailers. For more information about Matix Fertilisers and Chemicals Limited, visit : Photo: View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
06-05-2025
- Business
- Business Standard
Matix Fertilisers' Diversification pays off as Crop Protection & Supplement Business crosses Rs200 Crore in under Three years
VMPL Kolkata (West Bengal)/ Mumbai (Maharashtra) [India], May 6: Nishant Kanodia promoted, Matix Fertilisers and Chemicals Limited, a Rs7,000 crore integrated fertiliser company, has achieved a significant milestone in its diversification journey. In less than three years since entering the crop protection and supplement segment (FY 2022-23), Matix has grown the vertical to Rs200 crore in revenue. This rapid scale-up reflects the trust of India's farmers and Matix's strategic focus on high-impact agri-Inputs. The achievement further strengthens its leadership in eastern India, where it holds nearly 20% market share in urea and ranks among the country's fastest-growing crop nutrient companies. Since entering the crop protection and supplement segment in FY 2022-23, Matix has rapidly scaled its portfolio through co-marketing partnerships with leading players such as UPL and CRYSTAL. The range now includes Single Super Phosphate (where Matix is the country's leading trader, with 84,712 MT sold in FY 2024-25), Zyme, Zinc Sulphate (21% & 33%), Potash Derived from Molasses, Phosphate Rich Organic Manure, City Compost, and Micronutrient Mixture. Sharing his views,Nishant Kanodia, Chairman, Matix Fertilisers & Chemicals Limited said, "This achievement reflects the dedication of our team and the growing trust of India's farming community. At Matix, we remain deeply committed to delivering innovative, sustainable agri-input solutions that empower farmers and strengthen Indian agriculture." In FY 2024-25, the company further diversified into specialty fertilisers such as Calcium Nitrate, Sulphur Bentonite, and Mycorrhizal Biofertilizer, reinforcing its alignment with the Government of India's thrust on organic and sustainable agricultural inputs. Manoj Mishra, Managing Director, Matix Fertilisers & Chemicals Limited, said, "Crossing this milestone reflects our team's strategic vision and strong execution, as well as the growing trust of India's farmers. At Matix, we are focused on building a comprehensive, future-ready agri-inputs business that enhances farm productivity, supports sustainable practices, and contributes meaningfully to India's food security. We are proud to partner with farmers in their journey toward a more resilient agricultural future." Matix's trading success builds on the foundation of its fully integrated 1.27 MTPA gas-based urea plant in Panagarh, West Bengal--one of India's largest single-stream fertiliser facility. Operating consistently above 100% capacity and supported by a long-term gas supply agreement with GAIL, the plant ensures uninterrupted, reliable supply of essential crop nutrient to the farming communities across its operational areas. As Matix continues to grow its footprint and portfolio, it remains committed to driving value across the agricultural value chain, delivering scale, innovation, and sustainability from plant to plate. About Matix Fertilisers and Chemicals Limited: Matix Fertilisers and Chemicals Limited is one of India's youngest and fastest-growing crop nutrient companies, holding approximately 20% market share of urea in eastern India. The company is present across nine states with distribution strength of 1000+ dealers and 60,000+ retailers. Matix is committed to enhancing agricultural productivity through innovative crop nutrition and soil enhancement products, aiming to nourish every farm and ensure food security for all.
