Kaveri Seeds, one of India's premier seed companies with a strong R&D base for developing quality hybrids of key Indian crops , has featured in this year's edition of Forbes , Asia's Best Under A Billion which highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top and bottom-line growth.
Setup in 1976 by Mr. GV Bhaskar Rao, with an objective to fuel India's Green revolution, Kaveri seeds today is India's leading Agriculture Company specializing in Hybrid Seeds. Kaveri Seeds has been a part of "Forbes Asia's Best Under a Billion List" 5 times earlier too in the years 2010, 2011, 2012, 2013, 2015 and now in 2020.
Commenting on the listing Mr. GV Bhaskar Rao, added "Today, Kaveri Seed has successfully forged a differentiated identity as an iconic seed company, laying the foundations for a stronger and steadier tomorrow - carrying forward its zeal to support and sustain farmer prosperity across the value chain.
He further added "Over the past three decades Kaveri Seeds has set a benchmark in the Indian seed market. Our range of improved hybrids and a constant commitment to strengthen our R&D capabilities have helped us to deliver unmatched results. I humbly attribute the Company's success to our employees, customers and farmers - our true growth partners. As a preferred partner, we have always aimed at enriching the lives of small and marginal farmers, the backbone of our nation. We strive to deliver products that not only reap a good harvest but offer optimum conditions for agricultural productivity - year after year".
The annual Best Under A Billion list spotlights 200 publicly listed small and mid sized companies in the Asia-Pacific region with sales under $1 billion.
These companies have track records of exceptional corporate performance, with one Covid-19 caveat: the list is based on full-year data as of July 7 and does not fully reflect the impact from the pandemic-led downturn.
The companies on this list have scored above their peers in a composite ranking that includes sales and profit growth, low debt levels and robust governance.
The criteria also ensured a geographic diversity of companies from across the region. By using metrics both quantitative and qualitative, the final list of 200 is truly a select group.
Shares of KAVERI SEED COMPANY LTD. was last trading in BSE at Rs.541.2 as compared to the previous close of Rs. 554.4. The total number of shares traded during the day was 82113 in over 2031 trades.
The stock hit an intraday high of Rs. 579 and intraday low of 538.5. The net turnover during the day was Rs. 45395705.