Quick comment: The only difference with Best Agro (vs other formulators like Dhanuka) is Best Agro is doing three way combinations vs others selling two way combinations. This is because Indian government started approving three way combinations only recently, and Best Agro has a first mover advantage. There has also been some allegations against Best Agro as to how they are the only ones getting these registrations in very quick time (less than a year for 9(3) registration is unheard of, it takes 2-3 years generally).
Best agro is also importing the intermediates (largely from China), getting Ravi Crop to convert it into a technical, and then making their own formulation in their Noida facility. This is exactly what everyone else does. So, they are not doing anything different per se. Their patents are for combination of different technicals, and not for new technicals. Its important to differentiate these things, while also recognizing that they have been doing well due to 3-way combinations.
Disclosure: Not invested (no transactions in last-30 days)
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