The Company

Dhanuka Agritech Limited is engaged in manufacturing a wide range of pesticides covering herbicides/weedicides, insecticides, fungicides, miticides, plant growth regulators / stimulants in various forms – liquid, dust, powder and granules and reaching out to more than 10 million farmers. The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 7,500 distributors/ dealers selling to over 70,000 retailers across India. The Company has technical tie-ups with 3 US & 5 Japanese companies.

The Company is managed by a good blend of both experienced and young team. The founding promoters, Mr. R.G. Agarwal and Mr. M.K. Dhanuka oversee the whole operations as the Chairman and Managing Director respectively and have been involved with the Company since inception (for more than 25 years). They are ably supported by team of young professionals including Mr. Rahul Dhanuka, Director (Marketing), Mr. Mridul Dhanuka, Director (Operations) and Mr. Harsh Dhanuka, SGM (Marketing).

The Company has three manufacturing units located at Gurgaon (Haryana), Sanand (Gujarat) and Udhampur (J&K). More than half of the Company’s sales comprise of speciality molecules and the remaining comprises of generics. The product having highest turnover is Targa Super and is in technical tie-up with Nissan Chemical Industries Ltd., Japan.

The target customers of Dhanuka are farmers, planters and pest control operators. Growth drivers would be the potential to intensify the marketing network and reach the country’s interiors, increased farm income due to increase in MSP, increased awareness in rural India about usage and cost-benefit tradeoff of pesticides, edge over the competitors in the diverse product range and widespread market reach, increased customer base, innovative marketing strategies and technical tie-ups. The Company keeps adding new products every year and entering into new technical collaborations.

Dhanuka has an aggressive marketing strategy with a sales team of more than 500 full time employees and more than 1,000 Dhanuka Doctors. For getting best results, it is very important to have knowledge about using the right product in right quantity at the right time. For this, the Company conducts training programs for farmers by giving product demonstrations, providing technical advice on right use of products and about specific crop related problems at their door-step through Dhanuka Doctors. The Company has mobile soil and water testing laboratories in Public Private Partnership. Dhanuka has 83 brands and keeps adding new brands every year. The Company has a wide range of pesticides to protect from most of the pests, insects, diseases that affect crops and these products are used in all major crops produced in our country.

Company History

1980 Took over a closed sick unit Northern Minerals Pvt. Limited Took over a closed sick unit Northern Minerals Pvt. Limited, Gurgaon; shifted to new office at Daryaganj, Delhi.
1981 With Vision and DeterminationWith Vision and Determination, achieved turnover of Rs.17 lacs in the first year itself.
1984 Expanded to all North Indian States Expanded to all North Indian States, Maharashtra & Gujarat; modernized the plant, added new generics; Inaugurated Dhanuka Agriculture Research Center.
1985 Incorporated Dhanuka Pesticides Limited Incorporated Dhanuka Pesticides Limited and set up plant at Sohna, Haryana for manufacturing Synthetic Pyrothrides, mainly Triumphcard and Superkiller (Fenvalrate and Cypermethrin).
1992 Dhanuka goes Global and Signs its first Collaboration Dhanuka goes Global and signs its first collaboration with E.I. Dupont and starts production and sale of Dunet 40 SP (Methomyl).
1997 Started production and marketing of Caldan 4G Started production and marketing of Caldan 4G (Cartap Hydrochloride) and Caldan 50 SP (Cartap Hydrochloride) in collaboration with Sumitomo Chemical Company Ltd. Japan.
1998 Growth demands more space, Dhanuka’s Registered OfficeGrowth demands more space, Dhanuka’s Registered Office shifted to Karol Bagh,Delhi from Darya Ganj, Delhi.
Dhanuka started production and marketing Sheathmar 3 L (Validamycin) in collaboration with Sumitomo Chemical Company Ltd., Japan.
Gurgaon Factory got specialized equipment for various formulations; On-site NABL (Indian GLP) Lab for formulation Development, Soil & Water Testing etc; Factory also got ISO 9001:2008 certification for Quality assurance.
2000 Another addition in the PortfolioAnother addition in the portfolio, Dhanuka started manufacturing & marketing Kasu-B 3 SL (Kasugamycin) in collaboration with Hokko Chemical Ind. Company Ltd., Japan.
2001 Set up unit at Sanand, 2nd largest Granule facility for CartapSet up unit at Sanand, 2nd largest Granule facility for Cartap, Phorate, Dhanzyme and one of the largest Dusting Powder facilities in India.
Started production and marketing of Targa Super (Quizalofop Ethyl) in collaboration with Nissan Chemical Industries Ltd., Japan.
2003 Dhanuka become the preferred choice among its AssociatesDhanuka become the preferred choice among its associates as they repetitively collaborate for manufacturing quality product with Dhanuka. In the same year, Company tied up with E.I. Du Pont, USA. For Hook (Metsulfuron Methyl)
2004 Dhanuka started manufacturing of AaatankDhanuka started manufacturing of Aaatank (Carbosulfan) in collaboration with FMC Corporation, USA; Qurin (Chlorimuron Ethyl) and Dhawa (Indoxacarb) in collaboration with E.I.DuPont, USA.
2005 Entered into Joint venture with Otsuka Chemicals of JapanEntered into Joint venture with Otsuka Chemicals of Japan for its Pharmaceutical division.
Dhanuka entered into tie-up with FMC Corporation, USA for their product Markar(Bifenthrin) and E.I.Du Pont, USA for Hi-Dice (Copper Hydroxide).
2007 Set up modern manufacturing unit at Udhampur.Set up modern manufacturing unit at Udhampur: 12 lines for Liquids and 2 lines for Powder with Online monitoring of Quality and Zero Water Discharge; an ISO 9001, ISO 14001 certified unit.
Tied-up with E.I.DuPont, USA for Cursor 40 EC (Flusilazole)
2008 Production with Japanese Technology2008 Production with Japanese Technology, in collaboration with Otsuka Chemicals.
Dhanuka started manufacturing One-up (Spinosad) in collaboration with DOW Agrosciences, USA.
2009 Dhanuka started manufacturing NaboodDhanuka started manufacturing Nabood (Carfentrazone) in collaboration with FMC Corporation, USA; Also introduced Qurate Gold (Cymoxanil + Mancozeb) in collaboration with E.I.Du Pont, USA.
2007 100% seed treatment campaign launched by Government of India & Dhanuka.
2010 M/s 2020 Equity Investors Limited2010 M/s 2020 Equity Investors Limited, FII bought 8.25% of the Company’s Equity Shares.
2011 Dhanuka introduced WetcitDhanuka introduced Wetcit (Efficacy Enhancer) in collaboration with Oro Agri, South
Shifted the corporate office to the hub of Fortune 500 companies at Cyber City, Gurgaon.
Recognition by Forbes in Asia’s 200 Best under a Billion Companies for FY2010.Rated as one of the fastest growing company by Business World and Economic Times –Investors Guide (June 2011).
2012 Introduced Brigade (Bifenthrin) in collaboration with FMC CorporationIntroduced Brigade (Bifenthrin) in collaboration with FMC Corporation, USA.
Introduction of semi-dwarf fertilizer responsive cultivator- Lustre in collaboration with E.I.Dupont, USA. The first product registered in Dhanuka’s name u/s 9(3) of Insecticides Act, 1968.
Dhanuka’s turnover crossed INR 500 crores milestone.
Asia’s 200 Best under a Billion Companies Recognition by Forbes for the Second Consecutive Year.
Recognition by Inc. India 500 for India’s Fastest Growing Mid Sized Companies for the year 2011.
2013 Recognition from Inc. India 500 for second consecutive YearRecognition from Inc. India 500 for second consecutive year for India’s Fastest Growing Mid Sized Companies for the year 2012.

Board of Directors

Mr. R G Agarwal, Chairman

A decisive and action oriented determined visionary took over a sick pesticide company in 1980. His ability to prioritize and deal effectively with a number of tasks simultaneously reinforced with his skills to make decisions, be accountable, meet/exceed goals and achieve high-quality results, has metamorphosed the business venture into one of the fastest growing agrochemical company in India- rated twice by Forbes magazine among ‘Best under a Billion’.



Mr. M K Dhanuka, Managing Director

Mr. Mahendra Kumar Dhanuka is the Managing Director of Dhanuka Agritech Ltd., an Indian agrochemical giant head quartered in Gurgaon, Haryana. An alumnus of prestigious Sriram College of Commerce, Delhi University, is a “doer” with Business Vision and strategic acumen. His “can-do” attitude, with the ability to build trust and credibility with managers and employees has been instrumental in transforming a 1980 start-up into a ` 600 crores company which has been twice voted by Forbes magazine as one among ‘200 Best Under a Billion’.


Mr. A K Dhanuka, Director

Mr. A.K.Dhanuka is a B.Com. Graduate from University of Delhi. Immediately after completion of his graduation, he started looking after operations of M/s. Northern Minerals Pvt. Limited. With his innovative ideas, able leadership, tireless efforts and utmost sincerity, he took the company to new heights of success.
Mr. A. K. Dhanuka is also a Director in Dhanuka Laboratories Limited, Growth Advertising and Marketing Pvt. Ltd. and Duke Impex Pvt. Ltd.


Mr. Rahul Dhanuka, Director

Mr. Rahul Dhanuka is a Masters in Business Administration from S.P.Jain Institute of Management & Research. As Marketing Director, he is responsible for national sales and marketing. Due to his excellent marketing management skills, the Company has been able to penetrate the very interiors of rural India. He has been instrumental in bringing new systems and policies in the organization, implementation of ERP and for strategic business relationships with all the collaborators.


Mr. Mridul Dhanuka, Director

Mr. Mridul Dhanuka S/o Mr. Mahendra Kumar Dhanuka is a B.Tech in Chemical Engineering from Pune University & Masters in Business Administration from NITIE, Mumbai. He joined the organization in 2005 and with his technical expertise has enlarged the product base of Dhanuka. He helped the Company in smoothening the production, procurement and logistic functions and established Quality Control. His new initiatives to improve the efficiency and functioning of the Company and to improve the profitability.


Mr. Sachin Bhartiya, Director
Mr. Sachin Bhartiya is a Bachelor of Commerce from University of Calcutta and a Chartered Accountant. He has expertise in lending and advisory from origination, evaluation and underwriting of transactions across industry verticals. He has worked with Infrastructure Leasing & Financial Services (IL & FS), GE Capital (India), Industrial Development Bank of India (IDBI).



Mr. Priya Brat, Director
Mr. Priya Brat is M.Sc (Hons) in Physics, Fellow Member of Indian Institute of Bankers, diploma in International Finance from the Development Management Institute, Geneva, Diploma in Banking, Finance and Accountancy from the Indian Institute of Bankers, Mumbai.He had a distinguished career in State Bank of India and headed various important assignments related to Industrial Credit, Forex Management, Project Appraisal, Loan Syndication and Merchant Banking.



Mr. Indresh Narain, Director

He has very rich experience in Banking and retired as Head of Compliance and Legal Department, HSBC Group. He has advised the Board on countless occasions on matters related to banking and legal compliances. He is Member of Indian Public Schools Society



Mr. Vinod Jain, Director
Mr. Vinod Jain is a Commerce Graduate from Delhi University and has a rich and multi-faceted experience of 40 years. With his innovative ideas and skills, he has taken his business of cotton yarn to new heights. He is also Secretary of Cotton Yarn Merchant Association.
He has added value to the Company’s systems by giving his valuable suggestions and recommendations to the Board in critical areas.


Mrs. Asha Mundra, Director

Mrs.Asha Mundra has graduated from Miranda House College, Delhi and has done Export Marketing Course from Import Export Promotion Council, New Delhi. She joined M/s Merino Industries Limited, which manufactures interior and panel products in 1994 as Administrative Head.
Presently, she is an Executive Director in M/s Anupriya Marketing Limited, which is involved in marketing of interior and panel products.


Mr. Om Prakash Khetan, Director

Mr. Om Prakash Khetan did his post-graduation from IIT, Kharagpur (M. Tech degree) and IIM, Kolkata (MDP) and completed his training in USA and UK. He has over 30 years of experience in Industrial Relations/Human Resources. He was head of HR/Personnel with – Steel Authority of India (SAIL) and ICI India Ltd. (Indian subsidiary of British multinational). He was Former Chairman, National Institute of Personnel Management (Delhi chapter).
Presently he is Founder Executive Director, HRD Centre.

Mr. Ashish Saraf, Whole time Director

Mr. Ashish Saraf, age 47 years, is a Commerce graduate from Shaheed Bhagat Singh College, Delhi University in 1991. He has served in M/s. Narayan International, New Delhi, (International Trade & Consultancy) as a Chief Executive Officer from 1988 to 2013 after that he joined M/s. Mauria Udyog Ltd. (Terry Towel) as a Chief Coordinating Officer from October, 2013 to January, 2017.

He has a distinguished corporate career of 19 years.

Terms and Conditions of Appointment of Independent Directors

1.  Term of Appointment

The Appointment is for an initial term of five years. Unless the appointment is renewed on or before the lapse of term, your appointment stands dissolved on lapse of such term. The Appointment will be subject to all the applicable provisions of the Companies Act, 2013, the Rules made thereunder, the provisions of the Listing Agreement entered into by the Company with the Stock Exchange(s), the Company’s Articles and Memorandum of Association and the approval of Members of the Company at the forthcoming Annual General Meeting.

Notwithstanding the other provisions of this letter, the appointment may be terminated at any time by the Company, or upon your resignation. Upon such termination or resignation for any reason, you shall not be entitled to any damages for loss of office and no compensation will be payable to you in respect of any unexpired portion of the term of the Appointment.

2. Board level committee(s) on which director is expected to serve and its tasks

During the term of appointment, you may be asked to serve on the any of the Board Committees, including:

a)  Audit Committee

b)  Nomination and Remuneration Committee

c)  Stakeholders Relationship Committee

d)  Corporate Social Responsibility Committee

e)  Banking, Finance and Operations Committee

3.  Fiduciary duties/expectation of Board from the Director

a)  Strive to attend and participate in all Meetings of Shareholders, Board of Directors and Board Committees of which you are a member;

b)  Seek appropriate clarification or amplification of information and where necessary, take and follow appropriate professional advice and opinion of outside experts;

c)  Undertake appropriate induction and regularly update and refresh your  skills, knowledge and familiarity with the Company;

d)  Where you having concerns about the running of the company or a proposed action, ensure that these are addressed by the Board and to the extent that they are not resolved, insist that your concerns are recorded in the minutes of the Board Meeting;

e)  Keep yourself well informed about the company and the external environment;

f)  Not to unfairly obstruct the functioning of an otherwise proper Board or committee of the Board meeting;

g)  Ascertain and ensure that the company has an adequate and functional vigil mechanism and to ensure that the interests of a person who uses such mechanism are not prejudicially affected on account of such use;

h)  Report concerns about unethical behaviour, actual or suspected fraud or violation of the company’s code of conduct or ethics policy;

i)  Acting within your authority, assist in protecting the legitimate interests of the Company, shareholders and its employees.

4. Liabilities of Director

You will be held liable only in respect of such acts of omission or commission by a company which had occurred with your knowledge, attributable through Board processes and with your consent or connivance or where you had not acted diligently or in accordance with the applicable Laws.

5.  Code of Conduct

During the term of your appointment you have to comply with the Code of Conduct of the Company.

6. Actions which Director should not do

You should not disclose confidential information, including commercial secrets, technologies, advertising and sales promotion plans, unpublished price sensitive information, unless such disclosure is expressly approved by the Board of Directors or required by law for the time being in force.

7.  Remuneration

a) You will be paid sitting fees as may be decided by the Board from time to time for attending Board Meeting and Committee Meetings.

b) The payment of aforesaid fees, if any shall be after deduction of appropriate taxes as per the law for the time being in force.