GSP Corp

About GSP Corp

In 1985, Vrajmohan R. Shah founded GSP Crop Science in Ahmedabad, India, initially as Gujarat Super Phosphate, a manufacturer of single super phosphate fertilizer. The company soon pivoted, venturing into the world of pesticide formulations and technical-grade active ingredients in the early 1990s. This strategic shift laid the groundwork for its expansion into a broad range of agrochemicals, including insecticides, fungicides, and herbicides. A key moment in the company's journey was in December 2014, when it secured a significant $15.3 million funding round led by the Oman India Joint Investment Fund. This capital infusion supported GSP's growth, strengthening its manufacturing capabilities and research and development efforts. The company, now managed by Bhavesh Shah and Kenal Shah, focused on innovation, becoming the first in India to produce certain key agricultural chemicals like Diafenthiuron. Driven by a robust R&D focus, GSP Crop Science has built a diversified portfolio with numerous patents and over 500 product registrations. This innovation engine has fueled its growth, with the company establishing a strong distribution network across India and exporting to numerous countries. As of early 2025, GSP Crop Science has received regulatory approval for an Initial Public Offering (IPO) to raise funds for debt repayment and further expansion, marking the next major chapter in its journey from a local fertilizer business to a research-driven agrochemical player on the public markets.