Nova Agritech Limited was incorporated as a private limited company under the provisions of the Companies Act, 1956 on May 9, 2007 at Hyderabad, erstwhile Andhra Pradesh as ‘Nova Agritech Private Limited’. Its business was started by its founder Sambasivarao Yeluri and Kalyana Chakravarthy. Thereafter, pursuant to a special resolution passed by its shareholders on September 8, 2018, the Company was converted to a public limited company and its name was changed to ‘Nova Agritech Limited’. A fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Hyderabad (RoC) on September 24, 2018.
The company is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on its Research and Development. The company manufactures, distributes and markets a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by its subsidiary Nova Agri Sciences.
As on November 30, 2023, it has received a total of 720 product registrations comprising of 7 registrations in the soil health management category, 176 registrations in the crop nutrition category, 4 registrations in bio pesticide category, 7 registrations under Technical Indigenous Manufacture and 526 registrations in the crop protection category. All of the 526 registrations in the crop protection category are in the name of Nova Agri Sciences. Its dealer network is currently spread across many states of India namely Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand and Jammu & Kashmir and Nepal.
Business area of the company
The company is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on its Research and Development.
Products of the company
- Soil health management products
- Crop nutrition products
- Bio stimulant products
- Bio pesticide products
- Integrated pest management (IPM) products
- Crop protection products
Awards, accreditations or recognitions
- 2008: Obtained ISO certificate under ISO 9001:2015 for Manufacturing and Marketing of Agricultural Bio Products, Organics Manures and Micro Nutrients.
- 2012: Certification of Membership from Quality Circle Forum of India as an Institution Member.
- 2012: Certificate of Membership as a member of Panel E from the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry.
- 2017: Certificate of Life Corporate Member from National Centre of Quality Management.
- 2017: Joined as a PANEL -A member in FTCCI.
- 2019: Bestowed the ‘Leader with Strategic Vision Award’ by Agri Business Summit & Agri Awards, 2019.
- 2019: Awarded as ‘Emerging Novel Nutrient Company’ by Agri Business Summit & Agri Awards, 2019.
- 2021: Certificate of Membership accorded by Bioagri Input Producers Association (BIPA)
- 2022: Awarded with ‘Best Company of The Year- Soil Health Management’ by Agri Awards-2022.
- 2022: Awarded with “HR Best Practices” for 2022 in the category of Talent Acquisition and Management (Medium Scale Industry) by the Federation of Telangana Chambers of Commerce and Industry.
- 2022: Joined as a member or ‘IMMA-Indian Micronutrient Fertilizers Manufacturers Association’.
- 2022: Awarded as the ‘Leader with Strategic Vision-Business Transformation’ by Agri Business Summit & Awards ABSA, 2022.
History and milestones
- 2011: Inception of Nova Raithu Seva Kendram.
- 2012: Expanded its business by appointing C&F agents in the states of Madhya Pradesh and Chhattisgarh.
- 2013: Expanded its business to the state Maharashtra.
- 2013: Acquired a land for setting up new Manufacturing Facility at Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana.
- 2014: Crossed turnover of Rs 50 crore in the financial year 2013-14.
- 2014: Expanded its business by appointing C&F agents in the State of Rajasthan.
- 2017: Introduced 100% water soluble nitrogen (N), phosphorus (P) and potassium (K) (NPK) mixture fertilizers on ‘Nova Nutri’ series to market.
- 2018: Crossed turnover of Rs 100.00 crore in the financial year 2017-18.
- 2018: Changed the status of the Company from Private Limited to Public i.e. to Nova Agritech Limited.
- 2019: Inception of Nova Kisan Seva Kendra.
- 2020: Introduced beneficial element fertilizers ‘V-Lock’ in the market.
- 2021: Crossed turnover of Rs 150.00 crore in the financial year 2020-21.
- 2022: Introduced fertilizer and pesticide spraying drones ‘Nova Agribot’ and soil health scanning device ‘Bhu-Parikshak’ to market.
- 2022: Introduced beneficial element fertilizers ‘HY-Clean’ in the market.
- 2022: 10 acres of land allotted by Karnataka Industrial Areas Development Board (KIADB) for manufacture of ‘Agro Chemical, Pesticides, Bio Stimulants, Micro Nutrients, Water Solubles’ in the State of Karnataka.
- 2022: Expanded its business by appointing C&F agentsin the States of Gujrat,Jammu & Kashmir, Tamil Nadu, Uttarakhand, Uttar Pradesh and West Bengal.