Who owns UPL, and what does it do in agriculture?
UPL Limited is listed on BSE and the National Stock Exchange of India; a shareholding chart in its Annual Report 2025-26 shows the promoter and promoter group, which includes Chairman Jaidev R. Shroff and Vice-Chairman Vikram R. Shroff, holding 33.09% and the public 66.91%. It makes and sells crop protection products, seeds through its subsidiary Advanta Enterprises, post-harvest treatments under Decco, biosolutions under NPP and specialty chemicals through SUPERFORM. The company says it is the 5th largest global crop protection company, with 43 crop protection manufacturing sites and outreach in more than 140 countries. Consolidated revenue from operations was ₹51,839 crore in 2025-26.
Ownership and business
UPL Limited’s equity shares are listed on BSE and the National Stock Exchange of India, and its global depositary receipts are listed on the Singapore exchange and the International Order Book segment of the London Stock Exchange. A shareholding chart in the Annual Report 2025-26 shows the promoter and promoter group holding 33.09% and the public 66.91%; Chairman and Group CEO Jaidev R. Shroff and Vice-Chairman and Co-CEO Vikram R. Shroff are part of the promoter group. Life Insurance Corporation of India held 4.51% at 31 March 2026.
Consolidated revenue from operations was ₹51,839 crore in 2025-26, of which Latin America contributed ₹19,358 crore and India ₹6,343 crore. In February 2026 the board approved a composite scheme to bring the India and international crop protection businesses into UPL Global Sustainable Agri Solutions Limited, which is proposed to be listed separately, subject to statutory and regulatory approvals. Seeds subsidiary Advanta Enterprises, 78.21% owned by UPL, filed a draft red herring prospectus for an initial public offering in January 2026.
In the United Kingdom, UPL Europe Ltd is based at Birchwood Park, Warrington. UPL’s first international acquisition was MTM Agrochemical in the UK in 1994.
Businesses and brands
Crop protection (international)
Biosolutions
- NPP (Natural Plant Protection)
As published by the company. See sources.
Key people
- JSJaidev R. ShroffChairman and Group CEO
- VSVikram R. ShroffVice-Chairman and Co-CEO
- RTRaj TiwariWhole-Time Director; CEO, Superform Chemistries
- TTToshan TamhaneGroup Chief Operating Officer
- BPBikash PrasadGroup Chief Financial Officer
- MFMike FrankChief Executive Officer, UPL Corp
- RCRavi CherukuriChief Executive Officer, UPL SAS
- BDBhupen DubeyChief Executive Officer, Advanta
As listed on UPL: Annual Report 2025-26, Leadership team and Corporate information (16 July 2026).
Stock listing
- Status
- Publicly listed
- Exchange
- BSE Limited; National Stock Exchange of India
Where it operates
- Latin America
- ₹19,358 crore revenue, 2025-26
- Rest of the World
- ₹10,789 crore revenue, 2025-26
- Europe
- ₹8,167 crore revenue, 2025-26
- North America
- ₹7,182 crore revenue, 2025-26
- India
- ₹6,343 crore revenue, 2025-26
As the company reports it. See sources.
Key dates
- 1969
- Starts red phosphorus production
- 1976
- Enters agrochemicals and makes its first exports
- 1984
- Lists on India's stock exchanges
- 1994
- Acquires MTM Agrochemical in the UK, its first international acquisition
- 2018
- Announces the acquisition of Arysta
- 2026
- Advanta Enterprises files a draft red herring prospectus for an IPO (January)
- 2026
- Board approves a scheme to consolidate crop protection into UPL Global Sustainable Agri Solutions Limited, proposed for separate listing (20 February)
Questions readers ask
Who owns UPL?
UPL Limited is listed on BSE and the National Stock Exchange of India. Its Annual Report 2025-26 shows the promoter and promoter group, which includes the Shroff brothers Jaidev and Vikram, holding 33.09% and the public 66.91%. Life Insurance Corporation of India held 4.51% at 31 March 2026.
What does UPL make for farmers?
Herbicides, insecticides, fungicides, fumigants and seed-applied technologies through its crop protection businesses, seeds through Advanta, biosolutions under NPP and post-harvest treatments under Decco. It also makes specialty chemicals through SUPERFORM.
Does UPL operate in India?
Yes. UPL is an Indian company with its registered office in Vapi, Gujarat and corporate office in Mumbai. India contributed ₹6,343 crore of consolidated revenue from operations in 2025-26.
Does UPL operate in the United Kingdom?
Yes. UPL Europe Ltd is based at Birchwood Park, Warrington. UPL's first international acquisition, in 1994, was MTM Agrochemical in the UK.
Sources and context
Figures are taken from the documents listed below and carry the date they refer to. Profile last checked 12 October 2026.
- UPL: Annual Report 2025-26 (16 July 2026)
- UPL: About us
- UPL: Our legacy
- UPL United Kingdom: Home
- UPL: Corporate home page
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