YEAR EVENTS 1958 - The Company was Incorporated. The Company was converted into public limited Company on 28th December 1996. The Company manufacture and deal in insecticides, fungicides, Weedicides and other chemicals for plant protection purposes, domestic and public health products, rubber chemicals and pharmaceuticals. 1963 - The Name of the Company was changed from Bayer Agrochem Pvt. Ltd., to Bayer (India), Ltd. 1964 - Shares subdivided. Allotted 1,46,160 shares to Farben Fabriken Bayer A.G. and 58,570 shares to directors, etc. 56,270 shares offered at par to the public in January 1965. 1967 - In July, 35,000 right shares issued at par (prop. 2:15). 1968 - 4,335 shares issued to foreign collaborators. 1972 - 60,000 bonus shares issued in prop. 1:5. 1975 - 32,250 right shares issued (prem. Rs 100 per share; prop. 1:10. 1977 - 3,92,250 Bonus shares issued in prop. 1:1. 1978 - 26,500 shares issued (prem. Rs 100 per share); 9,000 shares to employees & 17,500 shares to UTI. 1986 - Letter of Intent which was received earlier for the manufacture of cypermethrin equivalent to 20 tonnes of 100% technical material was converted into an industrial licence. 1987 - 8,11,000 Bonus shares issued in proportion 1:1. 1988 - Government's clearance was received for the manufacture of methyl parathion 2% dust at Himatnagar in Gujarat State. - The Company's R&D unit carries out research on a wide spectrum of products viz., insecticides, herbicides and fungicides. New formulations of Bayer, Bayleton, Folithion WP40, Bilfol and Rocomin Tracking powder were developed with indigenous raw materials. - Farbenfabriken Bayer A.G., Leverkusen (West Germany), the holding company holds 8,27,256 No. of equity shares of the Company. - Miles India Ltd., has allotted 287,350 No. of Equity shares of Rs 10 each to the Company. 1989 - New products such as bayleton, a systemic fungicide, Bilfol 20 an insecticides and Recumin a rodenticide received registration under the Insecticides Act. 1992 - The Company introduced "Technicon" line of automated chemistry and Haemotology systems. 1993 - The Agrochemicals division introduced sencor - a herbicide for sugarcane, potato, tomato etc, Bayor - a fungicide for tea and apples and Bilchlor - a herbicide for rice. - The Diagnostic Division introduced Bayer Diagnostic State-of-the-art Technologies. During the year, the Chemicals division undertook to set up a testing laboratory for dyes and intermediates. 1994 - Two new products viz. Bayrusil, an insecticide and Bilron, a weedicide for wheat were launched and introduced new products, viz. Sencor, Bayleton, Baycor and Bilchlor. - The health care division introduced new products such as Baycort (anti fungal ointment), Autan - a mosquito repellant lotion, Racumin - a new generation rodenticide and Diphyl - a heat transfer fluid were launched in the market. 1995 - The health care unit launched `Adalat Oros' a state-of-the-art cardiovascular drug manufactured using laser technology. The consumer care unit launched `Avtar' a mosquito repellent lotion. - During the year, the Company set up a new business group for `plastic' to focus on the specific needs the fast growing market for engineering plastics. - The Agrochemicals group and the healthcare group launched `Bilfen' a controller of harmful insects and `Bayclip' a ciprofloxacin were launched respectively. In the field of consumer care products, solfac used to control Malaria was launched. 1996 - Synthetic pyrethroid Bilfen was introduced during the year. New products launched were Baycip (ciprofloaxin) and Solfac used in the control of Malaria. 1997 - New products launched during the year were Kelthane, an acaricide used for control of mites, Goal a weedicide and Karathane a fungicide used for control of powdery mildew. Baygon Knockout a flying insect killer aerosol and Baygon coil were test marketed. - Bayer Industries Ltd, the 100 per cent Indian subsidiary of German giant Bayer AG, is hiking its open offer price for the acquisition of shares in the Vadodara-based ABS Industries Ltd. - Bayer Industries Ltd. has received the requisite permission from the Foreign Investment Promotion Board (FIPB), Department of Company Affairs and the Reserve Bank of India to proceed with its investments announced joint ventures. - The company entered into a joint venture with the Indian Syntans group, Chennai, to manufacture and sell leather chemicals. - Bayer (India) Ltd's Thane plant was awarded the safety award in recognition of it's excellence in industrial safety performance among the large chemical units in Thane for the year 1996 by the Thane Manufacturers Association (TMA). - Assumptions wage hike ranging between Rs 1,582 and Rs 3,120 per month, additional credit facilities and access to holiday resorts are some of the highlights of a wage agreement that will benefit 850 employees of pharmaceutical major Bayer India Limited. - Bayer AG has set up a wholly owned subsidiary called Bayer Industries Ltd, which will make and market chemicals and healthcare products and source raw materials for the German multinational's global requirements. - Bayer ABS Industries the joint venture between Bayer Industries and Baroda-based ABS Industries plans to reach a capacity of 2,000 tonnes of high grade engineering plastics by the end of 1998. - The company had entered into separate agreement with its distributors and stockists as far as discounts were concerned. 1998 - Bayer India has launched Glucobay, an oral anti-diabetic and research product of its German parent Bayer AG. - The company has launched Baygon Genius Liquid vaporiser in the northern and western markets. - Bayer has launched Baygon Genius Liquid Vaporiser. - German multinational Bayer is likely to compensate its Indian subsidiary for the recent transfer of a host of pharmaceutical brands to its newly-formed joint venture with the Ahmedabad-based Zydus group. - The company's leather chemicals joint venture will manufacture and market over 400 Bayer leather processing products. 1999 - Subject to necessary approvals, the scheme of amgalamation of Jagat Chemicals Ltd. with the company has to become effective from Janaury 1st. - Bayer-Zydus, the proposed pharma joint venture between the over DM 55 billion Bayer AG of Germany and the Ahmedabad-based Zydus group has failed to take off eight months after it was formally signed leaving a question mark over its future. - Bayer India is planning to merge its 100 per cent subsidiary Jagat Chemicals with itself. - Bayer has introduced two products, Gaucho 70 WS and Confidor 200SL, and cotton farmers will receive cotton seed treated with Gaucho. - Bayer India is a 51 per cent subsidiary of the Germany-based Bayer AG. - The company is participating for the first time in an international competitive bid for a malaria control project aided by the World Bank. - The Indian subsidiary of multinational Bayer AG will spin off its entire photographic and medical equipment division into a separate entity under the Agfa brand. 2000 - Bayer India that it is spinning off its pharmaceutical business into a new company, Bayer Pharmaceuticals, which will be a full-owned subsidiary of parent Bayer AG. - Bayer has introduced Baygon Cockroach Specialist and Baygon Mosquito Specialist - two specialist aerosol sprays in the Indian markets. - Drug major Wockhardt Ltd and German chemicals and drugs group Bayer AG signed a marketing pact for a Bayer drug. 2002- Mehernosh Homi Kapadia appointed as Compliance Officer of Bayer. 2002 -Appoints Mr Mehernosh Homi Kapadia as the compliance officer. -Shifts its Head Office from Mumbai to Thane. -Indian Syntans Investments raises its objection to the company's open offer to minority shareholders of Aventis Cropscience. -Sebi approves BSC's open offer of Rs.157 per share of Aventis Cropscience India. -Board approves for the sale/disposal of the Household Insecticides business of the Consumer Care Division. 2003 -Minitry approves Bayer's proposal to convert Aventis into a 100% subsidiary. -Board approves for the Scheme of amalgamation of Bayer Cropscience India Ltd with the company. -Mr Stephen Gerlich, appointed as Director and MD of the company in place of Mr Dieter Kambeck . -Board approves for the formation of 100% subsidiary and transfer of non-cropscience business of the company to such subsidiaries. - Mr S Gerlich ceases to be the Managing Director of the company wef closing hours of December 19, 2003, but continues to be the Director on the Board. He has been designated as the vice Chairman of the Company. - Mr SM Kulkarni ceases to be a Director of the company wef the closing hours of December 19, 2003. - Mr HV Goenka and Mr DC Shroff cease to be Directors on Board wef the closing hours of December 19, 2003. -Bayer (India) Ltd is to be renamed as Bayer CropScience Ltd. This decision is pursuant to the merger of Bayer (India) Ltd and Bayer CropScience India in 2003. 2008 -Bayer CropScience Ltd has appointed Mr. Kaikobad Mistry as a Director in the casual vacancy on the Board of the Company with effect from, July 01, 2008. 2009 - The Board has recommended a dividend of Rs 2.80 per share. 2010 - Board has recommended a dividend of Rs. 4/- per share. - Bayer Crop - Status of production activities at Ankleshwar. 2012 - Board has recommended a dividend of Rs. 4.2/- per share. - Mr. Rajiv Wani has been appointed as the Company Secretary and Compliance Officer. 2013 -Board recommended a Dividend of Rs. 5 per share. 2014 -Bayer CropScience opens Weed Resistance Competence Center in Frankfurt, Germany -Bayer HealthCare to invest up to USD 25 million in "Versant Venture Capital V" fund -Bayer completes acquisition of Dihon Pharmaceutical Group Co., Ltd. in China -Bayer CropScience acquires European distribution rights for biofungicide Contans from Belchim Crop Protection 2015 -Bayer - RVJ School of Agriculture celebrates its 13th Convocation Ceremony -100 young leaders develop ideas on global food challenges -Bayer CropScience Vegetable Seeds opens new R&D facility in Karnal, Haryana -Bayer undertakes CSR project to promote Sanitation & Hygiene -Bayer MaterialScience wins two awards at Plasticon 2015 -Bayer MaterialScience makes an impression at PlastIndia 2015 2016 - Bayer inaugurates a Global Formulation Technology Lab at Vapi 2017 -Bayer prize is awarded to innovative concepts in the areas of health care and nutrition with a potential to bring in sustainable, systemic change / India's iBreastExam, a hand-held breast cancer screening device is one of the winners and will receive EUR 20,000 in prize money. -Bayer launches "A for Arizer" education awareness campaign. -Bayer wins `Best Employer in India 2017' Award. -ICAR & Bayer partner cotton farmers for effective whitefly management. -Bayer launches hybrid chilli seed `Indu' in AP & Telangana. 2018 -Bayer has said that it has successfully completed the acquisition of Monsanto. Shares in the U.S. company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company. Monsanto shareholders are being paid 128 U.S. dollars per share. J.P. Morgan assisted Bayer with processing the purchase price payment for the largest acquisition in the company’s history 2021 -Director-General of United Nation's Food and Agriculture Organization to share his vision at Bayer's Youth Ag Summit -Bayer, Microsoft Enter into Strategic Partnership to Optimize and Advance Digital Capabilities for Food, Feed, Fuel, Fiber Value Chain 2022 -Bayer announced the signing of a Memorandum of Understanding (MoU) in India with ADM, a global leader in sustainable human and animal nutrition. -Bayer relaunches world's No. 1 antifungal brand Canestenr in India. -Bayer FOGSI and IHW collaborate to launch Preserve the Uterus campaign. -Bayer AG and Asian University for Women form a partnership to support women's education in Asia. 2023 -Bayer partners with WayCool to deliver optimal solutions to smallholder farmers. -Bayer and Mina Guli partner for the Run Blue initiative to inspire action around water conservation. -Bayer, Rabo Partnerships and Mastercard join hands to accelerate the financial digitization of 10 million smallholder farmers in India. 2024 -Bayer and Samunnati collaborate to enhance farmer productivity and profitability. -Bayer, GenZero, Shell, and Mitsubishi aim to positively impact rice farmers in India through The Good Rice Alliance. -Bayer Introduces Bepanthen in India as New Survey Reveals Dry Skin Affects 1 in 2 Indians. -Bayer launches ForwardFarm in India to demonstrate positive effects of regenerative agriculture. -Bayer launches `Better School Program' in partnership with BharatCares to promote STEM learning and innovation in rural schools