Godrej Agrovet Limited is a diversified, Research & Development backed agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. We hold leading market positions in the different businesses in which we operate - Animal Feed, Oil Palm Plantations, Agri Inputs, Hybrid Seeds, Dairy and Processed Poultry.
Innovation is a key driver of our strategy. We are constantly experimenting and looking for research-based solutions to improve farm productivity and thereby, the profitability of farmers. For example, Milk More, our innovative cattle feed, improves the yield of high milk-producing animals. Our Agri Inputs business has developed exclusive products like Vipul, Vikas, Combine and Hitweed to offer a complete crop protection solution.
We are investing significantly in cutting-edge Research & Development to support our innovation pipeline. In 2015, we set up the Nadir Godrej Centre for Animal Research and Development in Nashik, Maharashtra; a one-of-its-kind animal husbandry research centre in the private sector in India. Our focus will be to leverage capabilities at this centre, to develop cost effective solutions to improve animal productivity.
Our Animal Feed business is one of the largest organised players in the Compound Feed market in India, with annual sales of more than a million tonnes across cattle, poultry, shrimp and fish feed. All our feed offerings are formulated with a deep understanding of the nutritional requirements of different breeds.
Our teams have worked closely with Indian farmers to develop over 55,000 hectares of smallholder Oil Palm Plantations to bridge the demand and supply of edible oil. We have plantations across Andhra Pradesh, Goa, Gujarat, Orissa, Tamil Nadu, Karnataka, Maharashtra and Chhattisgarh. In 2015, we commissioned an oil palm mill in Mizoram as well. It is one of the largest private sector investments in the state.
In our Agri Inputs business, we meet the niche requirement of farmers through innovative agrochemical offerings. We have a strong market share in plant growth promoters, soil conditioners, and cotton herbicides. Our portfolio offers a range of products that cover the entire life-cycle of a crop. A robust, pan-India distribution channel of over 6,500 distributors, helps ensure wide reach across the country.
Continuing the business growth story, we acquired promoter holding in Astec Life Sciences Limited in 2015. Astec is a business to-business tech, bulk manufacturer of fungicides in India with an annual turnover greater than INR 250 crores. It also has a contract manufacturing presence and counts multinational agro chemical companies like Sumitomo and Nufarm, among its clients. It has established a successful track record in nurturing stable and long term relationships with highly reputed companies in USA, Japan and Europe.
In line with our ambitions of expanding our presence in the "Animal Protein" space further, we acquired controlling stake in Cream Line Dairy Products Limited - a leading Dairy player in South India. The company has significant presence in Andhra Pradesh and Telangana under the "Jersey" Brand name. It also has a very interesting value-added product portfolio like Curd, Flavored Yogurt, and Ice Cream among others.
We are a relatively a new entrant in the Seeds business. Our primary objective is to develop and market hybrid seeds across corn, bajra, rice and other crops. There is tremendous potential for growth in this business, since crop yields in India are significantly lower, compared to global standards. We have developed an in-house variety of bajra and offer products in all the six corn segments of India.
In 2004, we entered into a joint venture with the Advanced Chemical Industries Limited (ACI) Group from Bangladesh, to manufacture and sell Compound Feed. The ACI-Godrej Agrovet joint venture ranks among the top three feed companies, across all categories in Bangladesh.
Our poultry business, Godrej Tyson Foods, best known for two brands, Real Good Chicken and Yummiez, is a joint venture with Tyson Foods, one of the largest poultry processing companies in the world. Godrej Tyson Foods is the second largest player in the processed poultry segment in India.