September 25, 2017 8:41 AM ET

Commercial Services and Supplies

Company Overview of Pravardhan Seeds Private Limited

Company Overview

Pravardhan Seeds Private Limited engages in the production of hybrid seeds. The company was founded in 1995 and is based in Hyderabad, India. As of January 26, 2009, Pravardhan Seeds Private Limited operates as a subsidiary of Nuziveedu Seeds Limited.

8-2, Lalbahadur Stadium,

Hyderabad,  500001

India

Founded in 1995

Phone:

91 40 2323 7917

Key Executives for Pravardhan Seeds Private Limited

Managing Director
Compensation as of Fiscal Year 2017.

Pravardhan Seeds Private 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.

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