Shivchem Agro Ltd.
Shivchem Agro is an agrochemical company manufacturing and distributing crop protection solutions including insecticides, fungicides, herbicides, and fertilizers through a network of 685 distributors across multiple Indian states.
Overview
About the Company
Shivchem Agro Limited is an agrochemical enterprise established in September 2021 that manufactures, stocks, distributes and sells agricultural formulations. The company holds manufacturing licenses for 176 agrochemical products spanning insecticides, fungicides, herbicides, plant growth regulators and rodenticides, along with authorization for 82 fertilizers. Operating from a manufacturing facility in Jhajjar, Haryana equipped with automated filling and packaging infrastructure, the company serves agricultural markets across eight Indian states through a network of 685 distributors supported by five strategically located godowns. The company maintains ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certifications and employs 66 permanent staff across sales, manufacturing, finance and field operations.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding working capital requirements of the company - ₹6.90 crores
- › Repayment/prepayment of certain borrowings - ₹3.50 crores
- › General corporate purposes - ₹3.61 crores
✅ Strengths
- ✓ Diversified portfolio of 176 agrochemicals and 82 fertilizers
- ✓ Extensive distribution network with 685 distributors across eight states
- ✓ Automated filling and packaging infrastructure at manufacturing facility
- ✓ Strong on-field product demonstration capabilities
- ✓ Manufacturing facility with diverse product capabilities and environmental compliance
- ✓ ISO certified quality management systems
⚠️ Risks
- ! Exposure to seasonal weather patterns and monsoon variability
- ! Dependency on statutory approvals and regulatory compliance
- ! Substantial working capital requirements with historical negative cash flows
- ! Raw material price volatility without long-term supply contracts
- ! Operations conducted on leased manufacturing and warehouse premises