National Seeds Corporation Limited (NSC), a Public Sector Undertaking under the Ministry of Agriculture and Farmers’ Welfare, has announced the declaration of final Dividend of ₹ 35.30 Crores for the Financial Year 2023-24, representing 5% of its net worth, in compliance with Department of Investment and Public Asset Management-DIPAM guidelines.
This highest ever dividend underscores NSC’s commitment to contributing to National Agricultural Development while ensuring financial sustainability. The Dividend cheque was presented to the Minister of Agriculture and Farmers’ Welfare Shri Shivraj Singh Chouhan by Dr. Maninder Kaur Dwivedi, Chairperson cum Managing Director of NSC, in a ceremony held at Krishi Bhawan in New Delhi today.
On this occasion Shri Devesh Chaturvedi, Secretary, Shri Ajeet Kumar Sahu, Joint Secretary (Seeds) Department of Agriculture and Farmers Welfare, Government of India and Senior Officials from NSC and Ministry of Agriculture were also present.
NSC is a Schedule 'B'-Mini Ratna Category-I company wholly owned by the Government of India under the administrative control of the Ministry of Agriculture and Farmers Welfare. Established in 1963, NSC is engaged in the production and distribution of certified seeds to enhance agricultural productivity and ensure food security in India.
During FY 2023-24, NSC recorded significant growth in its financial performance. The revenue from operations increased to ₹1,143.26 Crores from ₹1,078.23 Crores in the previous year, while the total income rose to ₹1,182.48 Crores (ever highest) compared to ₹1,112.13 Crores in 2022-23.
The company’s profitability also witnessed a substantial increase, with Profit Before Tax (PBT) surging by 64.74% to ₹86.81 Crores and ever highest Profit After Tax (PAT) growing by 38.15% to ₹73.64 Crores.
NSC’s operational efficiency and strategic market expansion contributed to this growth. The company achieved seed sales revenue of ₹1005 Crores, marking an increase from ₹947 Crores in the previous year.
Notably, non-subsidized seed sales reached ₹920 Crores, up from ₹847.83 Crores. Online seed sales also saw a remarkable rise, reflecting NSC’s efforts in digital transformation. The company strengthened its market presence by appointing 992 new dealers, bringing the total dealer network to 4,665.
The Company also appointed 2,126 no. of Farmers Producers Organisations (FPOs) and PACs and LAMPs. On the production front, NSC continued to enhance its capabilities, with raw seed production/procurement reaching 17.10 lakh quintals.
The seed processing capacity increased to 25.67 Lakhs quintal, supported by infrastructure improvements. Additionally, NSC played a crucial role in Government agricultural initiatives, supplying seeds to the Government, State Governments, dealers and also selling online via ONDC platform.
NSC is producing seeds in its five big Farms located at Sardargarh, Suratgarh, Jetsar in Rajasthan, Hisar in Haryana and Raichur in Karnataka with total area of 21,841 Ha. and through 14,166 Registered growers.
The Company produces Test seeds to Breeder Seeds to Foundation seeds to Certified seeds, chronologically. The Company operates from 11 Regional Offices, 48 Area Offices, 29 Production Centres, 75 Seed processing plants, having 7 Air conditioned seed storage facilities, and 180 seed storage godowns.
The company has 4 Quality control labs and 1 DNA Finger printing lab. NSC remains committed to its mission of providing high-quality seeds to farmers across the country. The Corporation continues to prioritize quality and sustainability, ensuring the availability of a diverse range of Bio fortified and climate resilient seed varieties.
The product basket comprises of 80 crops and 900 varieties/ hybrids comprising Cereals, Oilseeds, Pulses, Millets, Fodder, Fiber, Green manure and wide range of vegetables. Saplings of fruit crops like Citrus, Pomegranates, Guava, Mango, Aonla, Ornamentals and Forestry saplings/ plants are also being produced.
NSC is committed to cater to the varying agro-climatic conditions of India and support farmers to contribute to the Nation’s Agricultural growth. All NSC Seeds and most of the Planting Materials are available on the Open Network for Digital Commerce (ONDC).
The same can be ordered online and it is home delivered through the logistic partners. NSC Seeds and Planting Material can be searched on any of the 30+ ONDC App, which are interoperable, and order can be placed online.