IFFCO appoints K J Patel as new Managing Director, succeeding US Awasthi

New Delhi: The Indian Farmers Fertiliser Cooperative Limited (IFFCO), one of India’s leading cooperative institutions, has appointed K J Patel as its new Managing Director (MD), marking a significant leadership transition as the long-serving MD US Awasthi demits office.

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The appointment was announced by IFFCO Chairman Dileep Sanghani, who said Patel’s leadership will usher in a new era of innovation and value creation for the cooperative.

K J Patel, who previously served as Director (Technical) at IFFCO, brings with him over 32 years of experience in the fertiliser sector.

A mechanical engineer from Saurashtra University, Patel has played a pivotal role in the maintenance and operation of Nitrogenous and Phosphatic fertiliser plants. He most recently headed IFFCO's Paradeep Plant, the largest fertiliser complex in India.

“Patel brings deep industry knowledge and a proven strategic thinking approach that aligns with the goals of IFFCO,” said Chairman Sanghani. He also expressed gratitude to outgoing MD U S Awasthi for his decades-long service and contributions to the cooperative and the farming community.

Under Awasthi's leadership, IFFCO posted strong financial results in FY 2024–25, with net profit rising 16 percent year-on-year to Rs 2,823 crore and turnover growing 4.5 percent to Rs 41,244 crore. The performance was driven by increased sales of conventional fertilisers as well as nano liquid urea and nano liquid DAP.

In the previous fiscal (2023–24), IFFCO had recorded a net profit of Rs 2,443 crore and turnover of Rs 39,474 crore.

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