Insecticides (India) Ltd. (IIL), an agrochemicals manufacturing company, on Monday announced the acquisition of the Monocil brand from Nocil for an undisclosed sum. It is a popular agrochemical brand. It is a systemic insecticide-cum-acaricide which controls a broad spectrum of pests in a wide range of crops and belongs to Monocrotophos, one of the largest selling molecules.
IIL plans to launch seven more brands / molecules in the first phase, namely, Metro, Shark, Rambo, Super Star, Victor Gold in the insecticides category and Dynamite Plus, a powerful acaricide and Ultra which is a fungicide. This will take the number of IIL brands to 103 from the current 96. Addressing the media, Rajesh Aggarwal, Managing Director, IIL, said, “Monocil and these seven new products will help us strengthen our customer base. We will shortly be manufacturing Monocrotophos technical and will consume about one-third internally which will help us improve both our top line and bottom line.” He said “With several multinationals exiting the space, India is going to be the manufacturing hub for crop protection after China.”
IIL is listed on the BSE and NSE and its Tractor brand of products have wide acceptability.
