IFFCO – A Farmer Friendly Group

Production and distribution of fertilizer is the main function of the Indian Farmers Fertilizers Cooperative Limited (IFFCO). IFFCO is the world’s largest fertilizers cooperative based in India. IFFCO is registered as a Multistate Cooperative Society.During the 1960s the cooperative sector in India was responsible for the distribution of 70 per cent of the fertilizers consumed in the country.

Now more than 37,700 cooperative societies have been associated with IFFCO, where as the number was just 57 in 1967. IFFCO was registered on November 3, 1967 as a Multi-unit Co-operative Society. IFFCO is primarily engaged in the production and distribution of fertilizers. The bylaws of the Society provide a broad frame work for the activities of IFFCO as a cooperative society. The society has recorded an all time high turnover of Rs. 7224 crore and harvested a pre tax profit of Rs. 470.9 crore during the year 2004-05. It has paid dividends for the year 2004-05 at the rate of 20 percent of the paid up equity to its shareholders for the fourth consecutive year. Source