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Oman India Joint Investment Fund (OIJIF) invests Rs 95 Crores in GSP Crop Science

Mumbai, December 11, 2014The Oman India Joint Investment Fund (OIJIF), a joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF) has invested Rs.95 crores in GSP Crop Science, a Gujarat-based agrochemical company. Quest Profin Advisor Private Limited, Mumbai-based boutique investment banking firm were the sole Arranger for this investment.

Established in 1972, GSP Crop Science is a leading manufacturer, distributor of bulk and branded agro chemicals. These include technical grade ingredients, formulations of insecticides, fungicide, herbicides, intermediates, bio-pesticides and seed-treatment chemicals. Its portfolio comprises of more than 70 branded products, suite of technical products resulting in over 300 SKUs of its products. Products are marketed through an extensive pan-India network of 5000 distributors, over 30,000 dealers and 34 depots. GSP exports its products to 25 countries.

“We believe there is a huge potential for growth in Agrochemical sector in India driven by growing awareness among farmers and favorable political impetus to increase farm productivity. With OIJIF’s investment and our internal resources, GSP aims to double its market share in coming 3 years. We have found like minded partners in OIJIF to further accelerate our vision of being a dominant player in this segment” Mr. Kenal Shah, Managing Director of GSP Crop Science Private Limited said.

Mr. S Srinath, (CEO), Oman India Joint Investment Fund said, “We invested in GSP Crop Science based on its underlying strengths in Research and Development leading to innovative products, marquee multinational and domestic customers, prudent mix of branded products and bulk sales in India and abroad. The focused vision, planned operations and strong leadership of GSP Crop Sciences excite us.  The Company has a strong product positioning in the market and is a leader among its peers.”

Mr. Dhiren Kothary, Director, Quest Profin Advisor Private Limited said, “We constantly endeavor to identify growth oriented companies in the SME segment and partner them, for their expansion plan, with investment from financial/strategic investor. Based on GSP Crop’s requirements and our thorough analysis about the company, we found Oman India to be a suitable match for this deal.” 

About Quest Profin Advisor Private Limited:

Established in 2004, Quest Profin Advisor Private Limited (Quest) is Mumbai based boutique Investment Banking outfit. It is a one stop destination of wide range of financial products and services for Small and Medium Enterprises (SME). The company is promoted by Mr. Dhiren Kothary, a Chartered Accountant, having an experience of more than three decades in the field of Corporate Finance and Equity Capital Market (ECM). Quest has a dedicated team of experienced professionals specialized in providing financial services including in Debt Syndication, Private Equity/IPO Advisory, Merger & Amalgamation and Structuring. It provides strategic advisory and end-to-end financing services to assist clients in choosing the best financing option in congruence with their strategic goals.

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