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PI Industries Ltd.’s FY22 annual report speaks vividly on the company ’s focus towards strengthening and expanding its custom synthesis and manufacturing offerings driven by strong research and development and technical capabilities, diversification of CSM portfolio into non-agrochem applications, expansion of its horticulture offerings under ‘JIVAGRO’ brand and accelerated efforts towards introduction of new molecules in the domestic market.
PI Industries’ CSM business continued its strong growth trajectory registering growth of 20.1% YoY (on a higher base of FY21) to Rs 39.9 billion.
With a strong pipeline of more than 40 products at different stages of development, surge in enquiries from existing as well as potential clients, addition of new capacities (two multi-purpose plants), foray into specialised area of electronic chemicals and a robust order book of ~ $1.4 billion, CSM business should continue to deliver 20% plus growth in FY23 and beyond .
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