Top 8 Questions With : MK Dhanuka, Managing Director of Dhanuka Agritech
Updated on: 14 Jun 2016
MK Dhanuka, Managing Director, Dhanuka Agritech holds Bachelor's Degree in Commerce from Shri Ram College of Commerce, Delhi University. He is the Managing Director of Dhanuka Agritech Limited and has a vast and enriched experience of 40 years in the Agrochemical industry. He has been managing the overall affairs of the Company and has been a key contributor to the success of Dhanuka. His foresightedness and business acumen enabled the Company in constantly achieving its goals.
Dhanuka Agritech Limited manufactures a wide range of farm input products to support the farmer in his pursuit for better crop, better farming and better life. The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 8,800 distributors & dealers selling to approx. 80,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American and 4 Japanese companies. Dhanuka Agritech is among the top five companies in India, in Brand sales. With more than 200 registrations and 500 active SKUs, the company has one of the largest market penetration. Dhanuka Agritech currently has 30 Branch offices across India and 48 warehouses.
Replying to Yash Ved of IIFL, M K Dhanuka says "Our production can be all time high in this year if the rainfall as per forecast is received at regular intervals with proper distribution."
Give us the overview on the financials?
We have registered a growth of 5.57% increase in its net turnover for the FY16, at Rs. 828.79 crores as against Rs. 785.08 crores for last year. The company reported PAT of Rs.107.31 crores for FY16 compared to Rs.106.08 crores, for the previous fiscal.
How was the performance for the newly launched products-SEMPRA and COVER?