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UPL Limited
UPL Limited serves as the family office arm for the controlling shareholders of UPL Corp, the Indian agrochemical giant founded in 1969 by Rajnikant Shroff.
UPL Limited
UPL Limited serves as the family office arm for the controlling shareholders of UPL Corp, the Indian agrochemical giant founded in 1969 by Rajnikant Shroff. The office manages a diversified portfolio derived from the Shroff family's stake in the publicly listed UPL Limited, one of the world's top five agrochemical companies. The entity allocates to a mix of public equities, private equity in agri-tech and specialty chemicals, direct real estate in India and Southeast Asia, and venture investments in crop science and supply chain technology. Co-investments alongside other Asian family offices and private equity firms have been reported in Indian agri-startups and specialty chemical manufacturers. Team size and exact AUM are not publicly disclosed. The office is believed to have a lean investment team based in Mumbai, with outsourced management for some asset classes. No philanthropic foundation has been explicitly linked to UPL Limited in public records. A structural differentiator is its tight integration with UPL Corp’s operational network, giving the family office preferential access to deal flow in agriculture and chemicals, as well as a deep understanding of emerging-market supply chains in India and Africa.
General information
Firm type
Family Office
Year founded
1969
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, India
Sector focus
Frequently asked questions
Who controls UPL Limited?
UPL Limited is controlled by the Shroff family, the founding family of UPL Corp. The family office manages the family's wealth derived from their ownership in the publicly traded UPL Limited (BSE: 507515).
What is the investment focus of UPL Limited?
The office focuses on agriculture technology, specialty chemicals, and direct real estate in India and Southeast Asia. It also participates in venture capital and private equity co-investments alongside other family offices.
Does UPL Limited invest as a fund or a direct investor?
UPL Limited is primarily a direct investor, making both majority and minority stakes in operating companies. It also engages in co-investments with private equity firms and other family offices.
How does UPL Limited relate to UPL Corp?
UPL Limited is the family office for the Shroff family, which holds a controlling stake in UPL Corp. The office is operationally independent but benefits from the industrial and supply chain expertise of the parent company.
What is the scale of UPL Limited?
The office does not publicly disclose its AUM or staff count. Based on the Shroff family's stake in UPL Corp (worth over $2 billion as of 2025 per public filings), the family office likely manages a few hundred million to over $1 billion in private and public assets.
Is UPL Limited involved in philanthropy?
No public philanthropic foundation has been explicitly linked to UPL Limited. The family may engage in corporate social responsibility through UPL Corp's programs, but the family office's charitable activities are not disclosed.
Which asset classes does UPL Limited avoid?
Public information suggests the office does not typically invest in hedge funds, infrastructure, or cryptocurrency. Its focus remains on operating businesses and real assets linked to agriculture and industrials.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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