A Breed of its Own

Strategic overseas acquisitions and diversified revenue make UPL the best bet in the agrochem space

Soumik Kar

Rajnikant Shroff started off his business on an explosive note, literally. A 36-year-old Shroff, a chemistry graduate from Gujarat, as the R&D head at his family-owned unit was mixing various chemicals in search of a formula that would enable him to manufacture red phosphorus at low cost. Unfortunately, that exercise led to an explosion at the plant. A very worried uncle asked him to stop his risky experiment, but Shroff was obsessed about his idea. He chose to start his own venture, UPL, to continue with his dream.