Dhanuka Agritech Appoints New Chairman And MD

Leading agri-input company Dhanuka Agritech has appointed Mr. M K Dhanuka as Chairman and Rahul Dhanuka as Managing Director of the company. Both the appointments are with immediate effect.

The changes have been necessitated as Mr. R G Agarwal, has stepped down as Chairman after turning 75. He will now assume the role of Chairman Emeritus

Earlier, Mr. M K Dhanuka served as Vice Chairman and Managing Director, while Rahul held the position of Joint Managing Director. These appointments are subject to shareholders' approval.

Dhanuka is a leading agri-input company and as of July 31, 2024, its market capitalization stood at Rs 7,904 crore.

A graduate of the prestigious Shri Ram College of Commerce, Dr. Agarwal has dedicated over 55 years to India’s agricultural sector. Since his graduation in 1968, he started his career in the agri-input industry. His visionary leadership was instrumental in founding Dhanuka Agritech in 1980 by acquiring an ailing company and paving the way for Dhanuka’s growth as a leading player in the Agrochemical industry. Under his exceptional leadership, Dhanuka Agritech has achieved a turnover of Rs. 1758 crore with a PAT of Rs. 240 crores in the FY24.

The company maintains strategic collaborations with leading Japanese innovators to introduce new eco-friendly and sustainable technologies to India. Additionally, it works closely with the Indian Council of Agricultural Research (ICAR).

Expressing his gratitude, the newly appointed Chairman, Mr. Mahendra Kumar Dhanuka, said, “Dhanuka Group’s remarkable position in the agrochemical industry is a testament to Dr. Agarwal’s visionary leadership and unwavering dedication. His ability to navigate challenges and sustain our growth has laid a strong foundation. With his continued guidance as Chairman Emeritus, we are poised to build on this legacy and steer the company toward even greater achievements.”

On the occasion, the newly appointed Managing Director, Mr. Rahul Dhanuka, stated, “As India embarks upon the journey of Viksit Bharat, the agriculture sector is going to play a crucial role in realizing this vision. In such a transformative period, I’m humbled to accept the new responsibility and will try to contribute as much as possible to take the company to greater heights.”