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Kaveri Seed Company Ltd share price today (on 3 December 2023).

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BSE: 532899 | NSE: KSCL | ISIN: INE455I01011 Market Cap: [Rs.Cr.] 1,334 | Face Value: [Rs.] 10 Industry: Miscellaneous

Mr. Gundavaram Venkata Bhaskar Rao, a graduate in agricultural science, is one of the founder Promoters of the Company. He started the business of seed production of public bred varieties of corn, bajra and sunflower on his own lands in the village of Gatla Narsingapur, Karimgar District, Andhra Pradesh. Subsequently, on August 27, 1986, Mr. Gundavaram Venkata Bhaskar Rao, Mrs. Gundavaram Vanaja Devi & Mr. Rangineni Venu Manohar Rao, are promoted the company and was incorporated as 'Kaveri Seed Company Private Limited'. The company has continued to carry on the business of seed production, processing, packing and marketing and simultaneously set up a processing plant in Bellary in Karnataka. In 1987, the Company has set up its marketing office at Davangere in Karnataka. In 1996 and set up an R & D facility at Bollaram to carry on research and to breed new hybrids.
In 1997, the company has set up a Seed Processing Plant at Biramulguda near Hyderabad. In the same year the company has introduced sunflower hybrid seeds. In 1999, the company has increased the seed conditioning capacity to meet the growing demands by setting up a large scale processing plant at Kandlakoi near Hyderabad. In the year 2002, the company's promoters has entered into a complementary business of Bio-Products and Micro-Nutrients for which they set up a partnership firm under the name and style of M/s. Kaveri Agriteck for manufacturing and marketing bio-products and micro-nutrients under the brand Microteck'. The company has entered into a sub-licensing agreement with Mahyco Monsanto Biotech (India) Limited for Bt. transgenic technology for cotton in the year 2004. A new seed conditioning plant with Cob Dryers was set up at Gundla Pochampally near Hyderabad in 2005 and in Eluru in Andhra Pradesh in 2006. These cobs drying facilities help in processing Corncobs collected from production fields with high moisture levels. These facilities gave us the advantage of obtaining seeds with optimum moisture level with prolonged shelf life and increased vigor.
In September 2006, the company has acquired the business, assets and liabilities of M/s. Kaveri Agriteck; giving us the ability of meeting farmers' needs of seeds as well as plant nutrients (i.e. bio-products and micro-nutrients) under one roof. Currently, the company has engaged into production and marketing of agri-inputs (seeds of wide range of crops such as corn, sunflower, cotton, pearl millet, grain sorghum, paddy and hybrid vegetables, and also micronutrients, bio products and organic products). On November 7, 2006, the Company was converted into a public limited company and company name was changed to Kaveri Seed Company Limited. On August 4, 2007, the company has entered into a non-exclusive licensing agreement with JK Agri Genetics Limited for using insect tolerant seed lines for producing, testing, marketing and selling genetically modified hybrid cotton planting seed in India.

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