Nagarjuna Agri Tech Ltd Company Summary

Nagarjuna Agri Tech Limited was initially incorporated as Nagarjuna Health Products Private Limited in November, 1987 to manufacture and deal in ayurvedic and herbal medicines. Till 1991, the company was into ayurvedic medicines on a leased land. Consequent to Governments liberal economic policies and encouragement to floriculture, the Company decided to discontinue the manufacturing of herbal and ayurvedic medicines and ventured into the field of floriculture.

The company was renamed as Nagarjuna Agri Tech Private Limited in AprIL, 1994 and was subsequently converted into a public limited company in January, 1995. It was promoted by K V L N Raju. The Company is a forerunner in the field of floriculture i.e., cultivating and selling (local sales and exports) of Roses.The company set up a 100% EOU for cultivation and growth of 11.25 mln cutrose flowers pa in five green houses of one hectare each, for export.

To part-finance the project, the company came out with a public issue of 46,20,000 equity shares of Rs 10 each for cash at par aggregating Rs 462 lac, in Apr.96. It has an agreement with Stockhorst, Netherlands, for technical assistance. For marketing its products outside India, it has a marketing agreement with Florimex, Holland.

Company has direct market access to Singapore, Australia & Japan.