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Prism Crop Science Private Limited, an agriculture inputs manufacturer, is going for a maiden round of fund raising for expansion.
“We are in talks with a few strategic players, who understand agriculture. We have invested ₹15 crore in the manufacturing facility at Yadadri in Telangana. We are now seeking funds to take the products to market,” G Yugendhar Rao, Managing Director of Prism Crop Science, has said.
Addressing a press conference here on Wednesday, he said the 10-year-old company achieved a turnover of ₹100 crore. “We are targeting to double the turnover in the next two years. The new facility that we launched would be sufficient to get us to the ₹500-crore mark,” he said.
The firm manufacturers micro nutrients, biological pesticides, organic pesticides and plant growth promoters.
He said the firm won award ‘the Asia’s Greatest Brands and Leaders 2018’ in the category of Manufacturing - Agri inputs.
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