Chairman Jai Shroff unveils UPL’s strategic pivot beyond agrochemicals, positioning the company at the forefront of the global specialty chemistries transformation. UPL Limited, one of the world’s leading global agriscience companies, has announced a significant expansion into the specialty chemicals sector through its group company, Superform Chemistries Ltd. Formerly known as UPL Specialty Chemicals Ltd., Superform is now a fully independent, wholly-owned subsidiary of UPL Ltd. and is poised to become a game-changing force in the global specialty chemistry arena.
Addressing the media, Jai Shroff, Chairman and Group CEO, UPL Ltd., remarked: “These are exciting times for UPL. We have emerged as one of the largest multinationals, operating in over 144 countries, and are now expanding our horizon beyond crop protection into high-value specialty chemicals. Superform is built on the pillars of innovation, sustainability, and high-performance solutions, serving some of the world’s most dynamic sectors—from agriculture to mining, from healthcare to flame retardants.”
Superform: Driving the Future of Specialty Chemistry
With a robust foundation in manufacturing and advanced R&D, Superform Chemistries is engineered to meet the rising global demand for green and sustainable chemistry solutions. The company is uniquely equipped to work with complex chemistries, offering custom synthesis capabilities and a diverse portfolio that delivers measurable impact.
Now operating with full autonomy under the leadership of CEO Raj Tiwari, and powered by a team of over 3,500 professionals, Superform is accelerating innovation to support sectors worldwide. Backed by UPL’s legacy of excellence and a strong ESG framework, Superform is not just a supplier—it’s a solution partner with a mission: “Change Chemistry. Change Everything.”
India Rising: On Track to Be a Global Chemistry Leader
India approaches a chemical industry revolution. Market forecasts project the Indian chemistries sector to reach $850–$1,000 billion by 2040, with specialty chemicals capturing 10–12% of the global market share. Shifting global supply chains, increased domestic consumption, and changing global preferences will propel this growth.
India is expected to triple its share in the global chemicals market by 2040. The sector will grow at a 7–10% CAGR between 2027 and 2040. Companies like Superform will perfectly lead this transformation.
FY25 Results: A Year of Strong Momentum and Strategic Wins
Announcing the company’s full-year FY25 performance, Jai Shroff emphasized the positive trajectory of UPL’s strategic evolution, “Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. We’ve seen a remarkable turnaround with strong profitability, improved efficiency, and a net debt reduction of nearly $1 billion.”
UPL Ltd. – FY25 Highlights:
*Revenue: ₹466.4 Bn (↑8% YoY), driven by growth in crop protection, seeds, and specialty chemicals
*EBITDA: ₹81.2 Bn (↑47% YoY), with a margin improvement of 460 bps to 17.4%
*Net Profit: ₹9.0 Bn, reversing a ₹12.0 Bn loss in FY24
Mike Frank, CEO of UPL Corporation, added, “We’ve delivered strong volume growth and improved market penetration. Operational excellence and disciplined SG&A control helped us achieve a nearly 800 bps jump in EBITDA margins. This underscores our ability to generate consistent value.”
Replying to a query, Jai Shroff said that UPL is an end to end agrisolutions company employing latest technologies including AI for helping farmers in precision agriculture. He said they design many of their products to address climate change and water stress, achieving over 30% water reduction for specific crops.
In response to a query on biological methods of pest control, Shroff said that biological methods pose no threat to the agrochemical industry. He explained that many challenges still remain to be overcome. He added that they stand on the cusp of many novel innovations and have recently launched about 25 new products. They develop world-scale technologies and have fully developed competencies in chemistries based on phosgene, H2S, acrolein, and more.
To another query on the uncertainties created by the global tariff war going on Shroff said that such volatilities are not new to them. He said that UPL operates in hundreds of countries, each with different tariffs and climate conditions. For example, while one country faces drought, another may experience floods or heavy rainfall. This diversity has made them quite resilient in handling such situations.
A Platform Built for Progress
UPL Ltd. now operates through four focused business platforms:
*UPL Corporation Ltd.
*UPL Sustainable Agri Solutions Ltd. (UPL SAS)
*Advanta Enterprises Ltd.
*Superform Chemistries Ltd.
Together, these platforms reaffirm UPL’s commitment to Reimagining Sustainability and driving innovation at a global scale.
As UPL reshapes its global strategy, Superform Chemistries Ltd. will drive the company’s next phase of growth. It will anchor innovation, power sustainability, and redefine the future of specialty chemicals.
