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Nagarjuna Agri Tech Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE793H01017
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Business Profile
Nagarjuna Agri Tech (NAGTECH) is a floriculture unit situated near Bangalore in Karnataka. It was incorporated as a private limited company on Nov. 24, 1987. Earlier known as Nagarjuna Health Products, it was renamed Nagarjuna Agri Tech on Apr. 05, 1994 and subsequently converted into a public limited company on Jan. 19, 1995 through a special resolution.

A 100% export-oriented unit for cultivation and growth of cut roses, the company offered Corvette, Tineke and Sunny Prophyta, among other varieties. It signed an agreement with Stockhorst, Netherlands, for technical assistance and a marketing agreement with Florimex, Holland. Direct marketing was done in Singapore, Australia and Japan and its entry into the UK Market was highlighted with the brand name SIM roses.

In FY07, the company wiped out accumulated losses and went into profit. It has developed a strategic plan to market its products directly for a fixed price throughout the year and on occasions at a special price in both the Far East and European countries. It has associated with Moerheim Roses & Trading BV to develop new varieties.

The registered office is located at 56, Nagarjuna Hills, Punjagutta, Hyderabad-500082, Andhra Pradesh.

The company disclosed rise of 71.16% in standalone net profit on y-o-y basis to Rs 2.65 million, while total income dropped 75.52% y-o-y basis to Rs 1.75 million for the quarter ended March 2013.

In Brief

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