About Nova Agritech Limited Ipo
Established in May 2007 and based in Hyderabad, Nova AgriTech Limited is a company dedicated to enhancing agricultural practices. Their primary focus lies in three critical areas: enhancing soil health, improving plant nutrition, and providing effective crop protection. Nova AgriTech prides itself on leveraging advanced technology to produce products that are both environmentally sustainable and nutritionally beneficial. The company works closely with farmers, engaging with them to understand their unique needs and subsequently creating tailored solutions. Nova AgriTech boasts a diverse product portfolio that includes soil health enhancers, crop nutritionals, biostimulants, biopesticides, integrated pest management products, innovative new technologies, and crop protection solutions. Its subsidiary, Nova Agri Sciences Private Limited, specifically handles the production of crop protection products. As of January 31, 2023, Nova AgriTech has achieved a significant milestone with 629 product registrations across various categories. These registrations span soil health management (7 registrations), plant nutrition (168 registrations), biopesticides (4 registrations), and crop protection (450 registrations). This diverse range underscores the company's commitment to comprehensive agricultural solutions. The company also places a strong emphasis on direct engagement with the farming community. By January 2023, it had established a network of 13 Kisan Mitras and 253 Kisan Sevaks. Additionally, Nova AgriTech employs a team of 32 NKSK Coordinators, all of whom hold degrees in Agricultural Sciences and are full-time employees. The NKSK program, which includes NKSK Coordinators, Kisan Mitras, and Kisan Sevaks, is designed to facilitate personal interactions with farmers at the grassroots level. To support its vast range of products, Nova AgriTech has a dedicated sales team of 215 members. This team is responsible for managing the brand's sales, overseeing distribution channels, and promoting the products effectively. This robust team plays a crucial role in maintaining the company's strong presence in the agricultural sector.
