PI Industries Strengthens Global Footprint with New Dubai-Based Subsidiary

On June 27, 2024, PI Industries announced via a stock exchange filing the incorporation of a wholly-owned subsidiary named PI Industries Management Consultancies LLC in the Emirate of Dubai, United Arab Emirates. This strategic move marks a significant step in expanding the company’s global footprint, particularly in the agri-business sector.

The new subsidiary, PI Industries Management Consultancies LLC, was incorporated with a share capital of AED 1,00,000, divided into 100 shares, each valued at AED 1,000. As a newly formed entity, it has no turnover to report yet since it has not commenced business operations.

As a wholly owned subsidiary, PI Industries Management Consultancies LLC is related to PI Industries. The new entity’s primary industry is management consultancies, aligning with PI Industries’ strategic objectives to enhance its global presence and operational capabilities in the agri-business domain.

The establishment of PI Industries Management Consultancies LLC aligns with PI Industries’ broader business goals, as it seeks to leverage its expertise in the agri-business sector on a global scale. The incorporation of this subsidiary underscores PI Industries’ commitment to expanding its business operations beyond the Indian market, tapping into new opportunities in the Middle East and other international markets.

The cost of acquisition for this new entity was at the par value of AED 1,000 per share, resulting in a total investment of AED 100,000. PI Industries holds a 100% shareholding in the new subsidiary, owning all 100 shares. This complete ownership ensures that PI Industries has full control over the operations and strategic direction of PI Industries Management Consultancies LLC.

PI Industries Management Consultancies LLC will be involved in holding investments, providing management consultancy services, and engaging in other activities that support and enhance its main business goals. This strategic incorporation is expected to play a crucial role in driving PI Industries’ growth and expansion efforts, enabling the company to offer its agri-business solutions to a broader, more diverse market.

About PI Industries Ltd

PI Industries Ltd is a well-known company in the agrochemicals sector, boasting a strong presence in both domestic and international markets. The company operates state-of-the-art facilities in Gujarat, featuring integrated process development teams and in-house engineering capabilities.

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