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ARIES AGRO LTD.

21 November 2024 | 12:00

Industry >> Fertilisers

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ISIN No INE298I01015 BSE Code / NSE Code 532935 / ARIES Book Value (Rs.) 200.20 Face Value 10.00
Bookclosure 16/09/2024 52Week High 343 EPS 14.94 P/E 21.01
Market Cap. 408.14 Cr. 52Week Low 187 P/BV / Div Yield (%) 1.57 / 0.32 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as Aries Agro-Vet Industries Private Limited on 27th November, 1969 under the Companies Act, 1956. It was converted into Public Limited Company as Aries Agro-Vet Industries Limited on 30th December, 1994 The name was subsequently changed to Aries Agro Limited on 27th October, 2006. Originally, the Registered office of our Company was located at 3-Agadhi Industrial Estate, Marol Andheri (East),Mumbai 400 059 and was shifted to Aries House, Plot No.24Deonar, Govandi (East), Mumbai 400 043 with effect from 23rd March, 1995

Our Company was founded by Dr. T.B. Mirchandani and Mrs Bala Mirchandani, in the year 1969. The Company is headquartered in Mumbai. Agromin (Chelated Micronutrients) and Chelamin (Chelated Zinc) are the company's flagship brands.

In 1969, the Company started off with a small range of mineral feed additives for animals & birds. The products attracted good margins.Our products were immediately accepted by the consumers and slowly it became the brand leader in the field of mineral nutrition with a range of products including mineral premixes, milk boosters, protein concentrates, vitamin premixes, anti-coccidian and anti-bacterial feed additives.

In 1975, Aries diversified into nutrients feeds for plant,considering the fact that in India, the animal and agricultural farmer are one and the same individual. We had in-house expertise in the area of mineral nutrition and thereby decided to concentrate on the same.We conducted research on compounds that could deliver mineral nutrients to plants more efficiently. The research zeroed in on Metal Chelates. The product had to be manufactured in accordance with the locally available ingredients and expertise which posed a challenge for us. Thus further R&D had to be conducted in this arena which solved the problem and Aries branched out into Agrochemicals in 1975 with the introduction of Chelated Micronutrients. We also conducted in-house R&D to develop bactericides for agriculture. Plantomycin was one of the first bactericide to be licensed for agricultural use by the Govt. of India. This was then followed by the introduction of plant hormones.

In 2001, we expanded our product line to include secondary nutrients sulphur, magnesium and calcium. In 2002, Aries continued expanding its plant nutrition product line to include value-added, water soluble complexes of nitrogen (N), phosphorous (P) and potassium (K). Our Corporate Goal is to create value for farmers and stakeholders.As of now, we have 4 manufacturing plants at Mumbai, Hyderabad, Bangalore and Kolkata with installedcapacity of 10,800 tpa, 5,400 tpa, 3,750 tpa and 1,650 tpa respectively with total installed capacity being at 21,600 tpa.

2008

- The equity shares of Aries Agro Ltd (Scrip Code: 532935) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities.

- Aries Agro opens largest new Micronutrient manufacturing unit at Hyderabad.

- The Company has been conferred the CNBC Emerging India Award 2008 in the FMCG, Food and Agri-based business, at a function held in London.

2009

- The Company has entered into an Agreement with Multi Commodity Exchange of India Ltd (MCX) For Promotion and Sales of the products of the Company through the Gramin Suvidha Kendra (GSK) a joint initiative of India Post and Multi Commodity Exchange of India Ltd.

2010

- The Company has been awarded the "Trailblazers Brand Innovator Award 2010" in the category of Agricultural Inputs.

2011

- The Board of Directors of the Company, have declared Interim Dividend of Re. 1/- per share of Rs. 10/- each (10%) for the Financial Year.

2012

- The Company and Institute of Technology and Management (ITM) Trust have entered into a Memorandum of Understanding (MoU) to work together towards the launch of a specialized ITM-Aries Agro PGDM Programme in Agribusiness Management.

- "Aries Agro Ltd announces the inauguration of the new manufacturing facility at Rajpur, Taluka Kadi, District Mehsana, State of Gujarat for manufacture of Micro Nutrient Fertilizers".

2013 - Aries Agro Ltd has recommended a Dividend of 15% being Rs. 1.50 per Equity Share of Rs. 10/- each.

2014 - Aries Agro Ltd has recommended a Dividend of 20 % being Rs. 2/- per Equity Share of Rs. 10/- each. - Aries Agro starts its first Captive Solar Power generation unit in Hyderabad.

2017

- The Company is introducing 8 new products in the micronutrient space which will add value to the Company's top line', 5(Five) Specialty Plant Nutrient Products (out of the above referred 8 Products) 1. BOROCAN 2. COFFEEMIN 3. TEAMIN 4. KNIGHT 5. ANTOX

2018

-The Company has informed that, it has been conferred the Economic Times Award for Champions of Rural Markets 2018'.

2019

--The Companhy and its Golden Jubilee Day. Company launched two new Products viz Nutrient Kit for Urban Market (Grow Box) and zinc HD(High Density).

- Company has been conferred the India Agribusiness Award 2019 by Indian Chamber of Food and Agriculture's National Jury at a function held at New Delhi by the hands of Mr S. K. Malhotra, Agriculture Commissioner, Government of India.

- Agriculture Award under Agriculture category in Dare to Dream Awards Season 2 by ZEE Business on October 4, 2019 at a function held at The Leela, Sahar Airport Road, Mumbai by Mr Prahalad Kakkar- Ad Guru and Founder, Genesis, Heads of Zee Business and SAP in the presence of Mr. Ashish Chavan, MD and CEO of BSE and other Eminent Award Jury Members.

2020

- Our Chairman and Managing Director, Dr. Rahul Mirchandani has been named as the Influential Leader of New India, 2021, by CNN News-8 TV.

- The Company has been awarded National Award for Excellence in Manufacturing(Best Operational Excellence) by World Manufacturing Congress.'.