How PI Industries Developed First Made-In-India Insecticide: MD Mayank Singhal Shared Insights
NDTV Profit · 24 Sept 2026 · 14 min
Management interview of PI Industries Ltd (PIIND), with 4 key numbers discussed.
- Mayank Singhal, Vice Chairman & Managing Director, PI Industries
PI Industries has achieved registration for its indigenously discovered insecticide molecule, Paxaniprole, with domestic commercial launch anticipated within a couple of months. The domestic market size across key target crops is estimated at Rs 30-40bn, while international markets such as the US, Brazil, and Asia represent an addressable opportunity of USD 750-800mn. The company aims to capture a 10-15% market share globally over time, with meaningful revenue accretion expected starting 2028. Beyond crop protection, PI Industries is scaling up biologicals and expanding into electronic chemicals and pharmaceuticals.