Nirman Agri Genetics Ltd - Stock Valuation and Financial Performance

The company was incorporated as Nirman Agri Genetics Private Limited on August 19, 2020 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Nirman Agri Genetics Limited vide Special Resolution passed at EGM dated December 05, 2022. The fresh certificate of incorporation consequent to conversion was issued on January 03, 2023 by the Registrar of companies, Mumbai.

It is one of the organized Agri-Input company in India engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and have forayed into micronutrients and bio-products. It also produces non-hybrid seeds, primarily for paddy. It has attained over four years of experience in this seed business through the company and Proprietary concern of its promoter and are working towards its objective of developing seeds having superior yield potential, drought tolerance, tolerance to pests and diseases etc.

In the year 2022, it begins to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name and style of ‘Nirman Agri Genetics’. Seeds, bio-fertilizers, micronutrients etc. are related products having the same end user i.e. the farmer, and are usually sold through similar dealer networks. With a view of achieving the benefit of synergy in marketing the aforesaid products, it has added them to its products portfolio.

Its Promoter and Managing Director, Pranav Kailas Bagal, is a Diploma holder in Agriculture from National Backward Krushi Vidhyapeeth, Solapur, Maharashtra. He has around six years of experience in the field of Marketing of Agriculture inputs, managing customer relations and trade terms, managing manufacturing and supply chain strategies, managing costs and establish strategic partnerships with farmers, vendors and service providers etc. He has been associated with the company as Director since incorporation. Prior to starting the company, he has done Agri-inputs business in Proprietary concern M/s. Nirman Agri Genetics from 2018 till the time same is taken over by the company and before that he has worked as Marketing Manager with Shivam Krushi Sheti Udhyog Kendra engaged in whole sale and retail distribution of seeds, pesticides, fertilisers and agriculture related equipments.

Business area of the company

The company is engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.

Major products of the company

• Corn seeds
• Sunflower seeds
• Bajra seeds
• seeds
• Paddy seeds

History and milestones

• 2018: Commencement of seeds business in proprietary concern.
• 2019: Agreement with new Renuka Hybrid Seeds, Buldhana, for outsourcing of processing of field crop and vegetable crop.
• 2019: Set up R & D facility at Nimgul, Maharashtra.
• 2019: Co-marketing agreement with Narmada Sagar Agri Seeds Pvt. Ltd., Himatnagar, Gujarat for marketing of Cotton Seeds for a period of 3 years.
• 2020: Co-marketing agreement with Dhanashri Agro Industries, Pune, Maharashtra for marketing of Maize and Bajra seeds for a period upto validity of Seeds License of the producer.
• 2020: Marketing agreement with Navkar Hybrid Seeds Pvt. Ltd., Ahmedabad, Gujarat for marketing of Cotton Seeds for a period of 3 years.
• 2020: Incorporation of the company.
• 2021: Started sale of Seeds.
• 2022: Started sale of Bio fertilisers and Micro nutrients.
• 2022: Agreement with M. K. Agro Care, Himmatnagar, Gujarat for outsourcing of processing of field crop and vegetable crop.
• 2022: Renewal of Agreement with New Renuka Hybrid Seeds, Buldhana, for outsourcing of processing of field crop and vegetable crop.
• 2022: Acquisition of M/s. Nirman Agri Genetics, Proprietary Concern.
• 2022: Agreement with Murlidhar Ginning & Processng, Idar, Gujarat for outsourcing of processing of fieldcrop and vegetable crop.
• 2022: Agreement with S. R. Agri Seeds, Indore, Madhya Pradesh for outsourcing of processing of field crop and vegetable crop.
• 2023: Conversion of Company to Limited Company.