Mumbai (25.08.2022): Nishant Kanodia, promoter of Matix Fertilisers and Chemicals Ltd, has been appointed Chairman of the company. He succeeds the late Yogendra Kanodia.
Nishant, in his previous role as Vice Chairman, had been providing strategic direction to Matix with a focus on capital raising, growth, and diversification. His commitment has led to the company being one of India’s fastest-growing fertilizer companies.
Kanodia has been driving Matix’s turnaround and has been instrumental in the induction of professional and experienced leaders and also has a successful track record in the fertilizer industry.
Nishant, an MBA from the Wharton School, University of Pennsylvania, USA, is a member of the Mumbai Chapter of the Entrepreneurs Organisation (EO) and Young President Organisation (YPO).
Upon his elevation, Nishant said, “It’s an honor and privilege that Matix’s Board has entrusted me with this special responsibility. I will strive to ensure that the company not only continues to focus on growth and profitability, but also sets benchmarks in professional management, governance, sustainability, and social responsibility.”
The Company:
Matix Fertilisers and Chemicals Ltd is one of India’s fastest-growing fertilizer companies and it owns and operates a fully-integrated, gas-based urea plant in Panagarh, West Bengal. The plant, having a 1.27 MTPA capacity, is one of India’s largest “single stream” fertilizer plants.
Matix’s Dr Fasal brand is a leader in India's Eastern market for urea fertilizer having a 25 percent market share.
The company also has a 20-year long-term gas supply agreement with GAIL, India’s largest gas supply company.
