India’s TOP 500 Companies 2021

INDIA’S TOP 500 COMPANIES 2021 145 Experts’ View Tell us about some of UPL’s key milestones. What is the company’s business philosophy? UPL Ltd. has a legacy of over 50 years and is a global provider of sustainable agriculture products & solutions. From humble beginnings in the small town of Vapi, the company has now grown into a multinational company with annual revenue exceeding US$ 5 billion. UPL’s business is focused on the farmer, and ever since its inception, it has strived to be an icon for growth, technology and innovation. After getting listed on the NSE and BSE within 2 decades of its establishment, in 1994, UPL made its first international acquisition, following which we expanded our presence in over 130 countries across the globe, represented by more than 10,000 colleagues globally. UPL is the first crop protection company to be featured in the Bellweather Index Nifty 50. The Company has achieved transformational growth through innovative technology. As one of the largest agriculture solutions companies worldwide, our robust portfolio consists of biologicals and traditional crop protection solutions with more than 13,600 registrations. We acquired Arysta LifeScience in 2019 to strengthen our network. We are a purpose-led company and are accelerating the innovation engine fully conscious of our social responsibility. With sustainability being the need of the hour, we have made it our mission to change the game by making each and every food product more sustainable. We recently joined United Nations Global Compact to strengthen our commitment to sustainability and align with the United Nations Sustainable Development Goals. We have also entered into several collaborations in order to meet our sustainability objectives. UPL is currently working on a concept called ‘Open Ag’. Tell us a little about this program. OpenAg is a model that brings together all the different players in the food system – from farmers to food producers to supermarkets to consumers with a new purpose – Creating a network that feeds sustainable growth for all with no limits and no borders. It involves providing: • Open Solutions: To solve the farmer’s problems with sustainable offerings spanning from seed to post harvest and services. • Open Access: Creating a network with our partners to be able to access all farmers across our wide geographic reach. • Open Manufacturing: Reliable supply and competitive offerings to customers through own manufacturing and cultivating strong supplier partnerships. • Open Innovation: Driving collaborative innovation to continuously and swiftly map and resolve customers’ future needs, leading to significant gains. • Open Hearts: Inviting all stakeholders to join us in our efforts to drive positive change in the lives of farmers and the communities around us. With OpenAg, we aim to meet the challenge of feeding a population that will grow by 40% by the year 2050 by trying to engage with all the 500 million farmers across the globe. What is the company’s growth strategy over the next 3-5 years? We aim to be an industry leader in Agri Solutions along the three key axes of bio solutions, digitization and food chain partnerships. Our long-term revenue growth ambition is 7-10% per annum. In addition to this, we are committed to a healthy growth, strong return on capital and maintaining an investment grade credit rating. We have a very strong pipeline of new products and are aiming for a higher share of solutions like ProNutiva, higher share of differentiated and sustainable products and digital interventions that will enable growth and our transition to a solutions company rather than a product company. UPL LIMITED Rajju Shroff Chairman Dun & Bradstreet