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Issue Date:May 24 2017 12:00AM     Price in Rs. R 6500    Price in USD. $ 100

Ajeet Seeds Private Limited (ASPL) was incorporated on 13 May 1986. It started with supplying seeds of cotton, pearl millet, wheat and sorghum. It is now one of the largest producers of cotton seeds, including hybrid variants catering to 15 Indian states. For hybrid cotton, Ajeet, like other Indian seed companies, depends on Monsanto. It is among the ten companies licensed by Monsanto to sell its Bt cotton seed in India.


The company is based out of Aurangabad, Maharashtra. The On-farm research infrastructure at Ajeet Seeds which constitutes of 600 acres, 10 satellite research farms, 35 multi-location testing centers spreaded over varied agro-climatic zones of India. It has entered into research collaborations with international research organizations viz; ICRISAT, IARI, IIHR, CIMMYT, AVRDC, Kasetsart University, Thailand, IRRI, Philippines, to further develop and produce field and vegetable crops.


The company Ied by Sameer Padmakar Mulay, who is close to 40 years old. It was started by his father Padmakar Haribhau Mulay. Semeer joined the company in 2001, when it was a Rs18-crore business. The company has grown to a revenue of Rs 5.1B in FY16; FY15 actually saw its peak revenue so far, of Rs 6.89B. Despite the drop inFY16, its revenue CAGR for 5 year period ending FY16 is a very healthy 28%.  The company makes healthy EBITDA margin of close 20%. For the year ended FY16, the company declared a net profit of Rs 340m. Its balance sheet is healthy, the company is virtually a zero debt company.

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


  • Ajeet Seeds Private Limited