T.STANES AND COMPANY LIMITED was first started as a coffee curing company in 1861. The company later entered into various fields. T. Stanes and Company Limited was the first company to establish a cloth mill in Coimbatore. The company was also a part of the first electricity and public transport schemes in Coimbatore. Later on, the company entered into the business of mechanical mixing of fertilizers.
In 1961, Amalgamations Group acquired T. Stanes and Company Limited. The company is now one of the market leaders in the business of fertilizer blends. With its continuous Research & Development, the company produced a whole range of bio-products, like growth regulators, organic fertilizer mixtures, and Biologicals for the control of pests and diseases in plants. Stanes Network has the responsibility to market all these products. The company has also produced a range of herbal teas and ayurvedic remedies. The top-selling products of the company are Nimbecidine, Anandham, Symbion-vam plus, Green miracle, and Animal.
The company is continuously researching for new active ingredients to control crop pests and improve crop yield. The research involves producing new products on Pest Management, Nutrient management, Disease management, and water management.
CIN of T Stanes |
U02421TZ1910PLC000221 |
Registration Date of T Stanes |
28th June 1910 |
Category/Sub-category of T Stanes |
Company Limited by Shares |
T Stanes Registered office address |
8/23-24, Race Course Road, Coimbatore - 641 018. |
T Stanes Registrar and Transfer Agent address |
M/s.Integrated Registry Management Services Private Limited, Second Floor, Kences Towers, No.1 - Ramakrishna Street, North Usman Road, T.Nagar, Chennai - 600 017 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Agro Products |
2021 |
89.97% |
Mr. A.Krishnamoorthy, (Chairman)
Mr. S.Ramanujachari, (Director)
Mr. K.S.Hegde, (Director)
Mrs. Lakshmi Narayanan, (Whole-Time Director)
Mr. P.M.Venkatasubramanian, (Independent Director)
Mr. R.Vijayaraghavan, (Independent Director)
Mr. K.K.Unni, (Independent Director)
Mr. N.P.Mani, (Independent Director)
|
Name of the Company |
% of shares held |
|
Stanes Motors (South India) Limited |
100.00% |
|
Stanes Amalgamated Estates Limited |
50.23% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
M/s. Simpson and Company Limited |
13,72,795 |
58.02% |
|
2 |
M/s. Amalgamations Private Limited |
3,16,808 |
13.39% |
|
3 |
M/s. Simpson and General Finance Company Limited |
25,000 |
1.06% |
|
4 |
M/s. Sri Rama Vilas Service Limited |
11,800 |
0.50% |
|
5 |
M/s. Tractors and Farm Equipment Limited |
1,300 |
0.05% |
|
6 |
Public Shareholding |
6,38,481 |
26.98% |
|
|
Total |
23,66,184 |
100.00% |
India is the largest producer of spices, milk, pulses, cashew, tea, and jute. India ranks second in the production of rice, wheat, fruits and vegetables, cotton, and oilseeds. With the increasing population, the demand for agricultural products is also rising. This demand helped the farmers to adopt new and enhanced technologies for dairy, livestock, and fisheries. More than 50% of the population in India is still dependent on agriculture and related activities.
The agricultural industry of India has reached a value of Rs. 63,506 billion in FY 2020. The share of agriculture in GDP increased to 19.9% 2020-21 from 17.8% in 2019-20, making it the only bright spot in GDP performance during FY 2021. In FY 2021, Agriculture was the only sector to have a positive growth of 3.4%. In FY 2020 (according to fourth advance estimates), total food grain production (296.65 million tonnes) in the country was higher by 11.44 million tonnes than in FY 2019.
It is estimated that the second wave of the COVID 19 pandemic will not affect the agriculture sector in any way. In fact, in the year 2020 also, the agriculture sector of India was among the industries that recorded positive growth. During the COVID 19 pandemic, activities related to agriculture were tagged as ‘Essential Services’.
In the budget for 2022, the Government of India allocated Rs.75,100 crore for the farmers in India, increasing the agricultural credit target to Rs.16.5 lakh crores in FY 2022. A Micro Irrigation Fund was created under National Bank for Agriculture and Rural Development (NABARD), with a corpus of Rs 5,000 crore, which would get doubled, by an additional Rs 5,000 crore.
