Kothari Industrial Corporation Ltd. (KICL) is undergoing a significant transformation under the leadership of J. Dr.Rafiq Ahmed, who has recently assumed the role of Executive Chairman. Ahmed’s association with KICL began in 2014 as an investor, and he became Vice Chairman and Managing Director in 2018. His vision is to rejuvenate the company’s legacy and steer it towards aggressive growth across multiple sectors.
Strategic Expansion Plans:
Fertilizer Production: KICL plans to establish a new NPK (Nitrogen, Phosphorus, and Potassium) fertilizer plant in southern Tamil Nadu. This initiative aims to strengthen the company’s presence in the agricultural sector and support local farming communities.
Footwear Manufacturing:
The company is expanding its footprint in the footwear industry by setting up two additional non-leather footwear manufacturing units in Eraiyur and Karur, Tamil Nadu. These facilities are expected to boost local employment and contribute to the region’s economic development.
Drone Technology:
Recognizing the growing demand for advanced agricultural solutions, KICL is venturing into drone technology. The company has established a drone division dedicated to deploying drones for agricultural applications, such as spraying nano-urea to enhance crop yields. Plans include setting up a drone training school in Madurai to equip individuals with the necessary skills for operating agricultural drones.
Strategic Partnerships and Investments:
In December 2024, Falah Jassim J.M. AL-Thani, a member of Qatar’s royal family, acquired a 10% stake in KICL through FJ Global and Investment. This partnership is expected to bring in substantial investments and expertise, particularly in the proposed fertilizer plant.
Financial Outlook:
KICL has outlined an ambitious investment plan of approximately ₹5,000 crore over the next three years. This capital will be allocated towards the development of the fertilizer plant, expansion of footwear manufacturing units, and the establishment of an industrial park in southern Tamil Nadu. These initiatives are projected to generate over 50,000 jobs by 2027, significantly impacting the local economy.
Under Ahmed’s leadership, KICL is poised to revitalize its brand and diversify its operations, positioning itself as a key player in multiple industries and contributing to regional economic growth