July 28, 2017 12:13 AM ET

Food Products

Company Overview of Nuziveedu Seeds Limited

Company Overview

Nuziveedu Seeds Limited develops, produces, and markets hybrid seeds. Its products include cotton, paddy, maize, jowar, sunflower, wheat, bajra, vegetables, corn, and mustard seeds. The company also operates a research and development facility, a technology laboratory, and germplasm banks. The company was founded in 1973 and is based in Rangareddy District, India. Nuziveedu Seeds Limited operates as a subsidiary of NSL Group of Companies Pvt Ltd.

Survey no-69

Kandlakoya

Medchal Manda

Gundlaponchampally Village

Rangareddy District,  501401

India

Founded in 1973

1,800 Employees

Phone:

91 84 1830 8888

Fax:

91 84 1830 8892

Key Executives for Nuziveedu Seeds Limited

Chairman and Managing Director
Age: 58
Chief Financial Officer
Age: 42
Executive Director
Age: 59
Vice President of Sales and Marketing, Strategy, and Business Coordination
Age: 44
Senior Vice President
Age: 51
Compensation as of Fiscal Year 2017.

Nuziveedu Seeds Limited Key Developments

The Delhi High Court Stays Restoration of Monsanto's Sub-Licence Pact with Nuziveedu Seeds

The Delhi high court on April 10, 2017, stayed the immediate restoration of a sub-license agreement between Monsanto Technology LLC and Nuziveedu Seeds Ltd. regarding the use of the former's patented Bt cotton technology. The court was hearing Monsanto's appeal against a single-judge order which had ruled that Monsanto's termination of its sub-licence agreement with Nuziveedu Seeds was illegal and arbitrary. A division bench headed by justice S. Ravindra Bhat directed the parties to file their written submissions and held that the appeal would be heard in a timely manner. Under the March order, the court reinstated the agreement, but said the royalty or trait fee payable for the use of Monsanto's patented Bt cotton technology would be as per government stipulations. Monsanto Inc., through its Indian arm Mahyco-Monsanto Biotech Ltd, sued Nuziveedu Seeds and its subsidiaries Prabhati Agri Biotech Ltd. and Pravardhan Seeds Pvt. Ltd. last year for allegedly continuing to sell seeds using its patented technology despite termination of its sub-licence agreement in November 2015. The court further held that Monsanto had failed in its duty to consider Nuziveedu's request to change the trait fee under the 2015 licence agreement. Accordingly, Monsanto did not hold up its end of the contractual obligation and charged a trait fee higher than allowed under Indian laws at the time, the court noted. In such a situation, the court said, Nuziveedu could not have breached the agreement, making Monsanto's termination of the agreement illegal and arbitrary. Monsanto has challenged provisions of the price control order-allowing the government to determine trait or royalty fees-at the Delhi high court in a separate case. The court is still hearing it.

Blackstone Likely To Exit 4 Of Its Portfolio Investments In India

The Blackstone Group L.P. (NYSE:BX) is likely to exit four of its portfolio investments through public issues and sale of investments to strategic investors. “Two of Blackstone's portfolio firms have already filed initial public offering (IPO) documents with the capital markets regulator and another two are likely to go public in next 18-24 months,” Amit Dixit, Senior Managing Director at Blackstone, said in a telephone interview. The two companies that have filed for IPOs include S H Kelkar and Company Limited and Nuziveedu Seeds Limited.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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