|Mr. Gundavaram Venkata Bhaskar Rao, a graduate in agricultural
science, is one of the founder Promoters of our Company. He started
the business of seed production of Public bred varieties of corn, bajra,
sunflower on his own lands in the village of Gatla Narsingapur, Karimgar
District, Andhra Pradesh.
Subsequently, on August 27, 1986, our Company, promoted by
Mr. Gundavaram Venkata Bhaskar Rao, Mrs. Gundavaram Vanaja Devi &
Mr. Rangineni Venu Manohar Rao, was incorporated as "Kaveri Seed
Company Private Limited" under theCompanies Act, having Registration
No. 6728 of 1986-87. We 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, our Company set up
its marketing office at Davangere in Karnataka. In 1996, we set up
an R & D facility at Bollaram to carry on esearch and to breed new hybrids.
In 1997, our Company set up a Seed Processing Plant at Biramulguda
near Hyderabad. In the same year our Companyintroduced sunflower
hybrid seeds. In 1999, we increased our seed conditioning capacity to meet the
growing demands by setting up a large scale processing plant at Kandlakoi
near Hyderabad. In the year 2002, our Promoters entered into acomplementary
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'. We have
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 cob drying
facilities help in processing corn cobs collected from production fields with high moisture
levels. These facilities gave us the advantage of obtaining seeds with optimum
moisture level with prolongedshelf life and increased vigor. By the end of the FY 2006,
our Company achieved a turn over of more than Rs. 4,800 lakhs. InSeptember 2006,
the business, assets and liabilities of M/s. Kaveri Agriteck were acquired by our
company, 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 we are 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, our Company was converted into a public limited company
and a fresh certificate of incorporation was issued by the RoC in the name of
Kaveri Seed Company Limited with CIN as U01120AP1986PLC006728.
HISTORY AND MAJOR EVENTS:
986 Our Company was incorporated as a Private Limited Company
Seed processing plant was set up in Bellary, Karnataka
1987 First marketing office was set up in Davangere in Karnataka
1996 Our Company set up its R & D facility in Biramulguda - Hyderabad
1997 Setup seed a processing plant at Biramulguda
1999 We set up a state of the art seed conditioning plant at Kandlkoi and
produced Sunflower Hybrid Seeds
2004 We entered into a sub-licensing agreement with Mahyco
Monsanto Biotech (India) Limited for Bt. Gene Technology for Cotton
Seeds in the year 2004
2005 We set up our seed conditioning plant with cob dryers at Gundla
Pochampally and Eluru.
2006 Acquired the business, assets and liabilities of M/s Kaveri Agriteck
a partnership firm that isengaged in the business of plant nutrition
(i.e. Bio-Products and Micro-Nutrients)
2007 We 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.
Changes in Registered Office of our Company
Date Registered Address Changed From Changed to
October 6, 1988 3-4-526/6, Barkathpura, Lingampally, 6-3-597/D/9, Anandnagar,
Hyderabad 500 027 Hyderabad 500 004
June 1, 1990 6-3-597/D/9, Anandnagar , 1-1-700/B/1, Gandhinagar, New
Hyderabad 500 004 Bakaram, Hyderabad 500 380
October 20, 1994 1-1-700/B/1, Gandhinagar, New 513B, 5th Floor, Minerva Complex,
Bakaram, Hyderabad 500 380 S.D. Road, Secunderabad 500 003
-Kaveri Seed recommended a dividend of 20% (Rs 2/- per share of Rs 10/- each) on the equity share capital of the Company
-Kaveri Seed recommended a dividend of 20% (Rs. 2/- per share of Rs. 10/- each)
-Kaveri Seed recommended a dividend of 25% (Rs. 2.50 per share of Rs. 10/- each) on the equity share capital of the Company
-Kaveri Seed has recommended a dividend of 40% (Rs. 4/- per share of Rs. 10/- each) on the Equity Share Capital of the Company
-Kaveri Seed has recommended a dividend of 80% (Rs. 8/- per share of Rs. 10/- each) on the Equity Share Capital of the company.
-Kaveri Seed has recommended a final dividend of Rs. 2.40/- per equity share of Rs. 2/- each (120%) on the Equity Share Capital of the Company.
-Kaveri Seed Company has splits its face value from Rs 10/- to 2/-
-Kaveri Seed rises on commencing operations at new facility located at Molangur Village, Shankarapatnam Mandal, Karimnagar District in the state of Telangana.