With a view to expand its inputs basket, agro-chemicals company Crystal Group has acquired Hyderabad-based Rohini Seeds.
Crystal Group, with a turnover of Rs 800 crore, said this acquisition is part of its strategy to increase its turnover to about Rs 13,030 crore in the next five years.
“With this buy, Crystal has an entire range of products and infrastructure including several commercial and hybrid seeds of various crops, seed processing plants, seed lab, research and development and breeding programmes,” Mr Ankur Aggarwal, Managing Director of Delhi-based Crystal Group, said here in a statement.
The total market of organised seeds business in India is pegged at Rs 8,000 crore. Though there are hundreds of small companies, this space is largely dominated by about 10 companies, including Rohini Seeds.
“We are poised for challenging times with vagaries of nature and shrinking landholdings and it is critical for the farmers to acquire the right inputs to get over these challenges. We will play a critical role in this,” Mr Aggarwal said in his statement.
Promoters of Rohini Seeds were not accessible for comment.