UPL announced a 50%-50% joint venture (JV) partnership with Aarti Industries (AIL) to produce and market specialty chemicals used in various downstream industries. UPL is one of India’s largest agrochemical company and a prominent player in the specialty chemicals sector, while AIL is a well-known manufacturer of specialty chemical intermediates.
The JV marks the first collaboration of its kind between two major Indian companies to develop, produce, and market downstream and value-added chemical intermediates for global markets. The partnership builds on over two decades of collaboration between UPL and AIL.
The JV will focus on producing downstream derivatives of amines, which have diverse applications in agrochemicals and the paint industry. Both AIL and UPL will contribute essential raw materials for the production of these chemicals, leveraging their respective strengths.
The JV is expected to start commercial operations by the first quarter of FY 2026-27, aiming for an annual revenue potential of ₹400-₹500 crore within the next 2-3 years. The partnership aligns with the strategic goal of both companies to expand into downstream derivatives of new chemistries, driving growth in the specialty chemicals sector.
As reported by Business Standard, the venture will capitalize on the strong, longstanding relationship between UPL and AIL, as well as their combined manufacturing capabilities.
