Upsurge Seeds Of Agriculture Ltd - Stock Valuation and Financial Performance

The company was incorporated as ‘Upsurge Seeds of Agriculture Limited’ on October 30, 2017 vide certificate of incorporation under the provisions of sub-section (2) of section 7 of the Companies Act, 2013 issue by Central Registration Centre, Registrar of Companies.

It is a technology driven seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. It is primarily involved in seed processing wherein the improved genetic materials of the breeder seed is grown and multiplied into foundation seed. Thereafter, the foundation seed undergoes next level of processing in which the foundation seed is grown and multiplied into commercial seeds, which is then sold in market for crop production. It has different variants of seeds being sold for each crop depending upon suitability of its seeds for varying agro-climatic conditions, such as water availability, crop duration and soil attributes, across different geographic regions in India. Breeder seeds are genetically pure seed with physical purity produced from basic nucleus seed stock and procured from original breeder. Some of the state Government agricultural universities from which it procure breeder seeds include Mahatma Phule Krishi Vidapeeth, Rajasthan Agricultural Research Institute, Indian Agricultural Research Institute etc.

The company enters into seed grower production agreement with seed growing farmers for leasing their land on lease rentals to develop and produce the foundation and commercial seeds. Under these agreements, the farmer is engaged to carry out agricultural operations over the leased agricultural land, however the ownership of the entire crop and the risk of crop failure is retained with company. The farmers are compensated for their services of producing such seeds and for all production expenses such as land preparation, irrigation, sowing, fertilization, combat against pests and diseases, weeding, harvesting, thrashing etc. During large scale production, it monitor the crops under given field conditions and have the farmers carry out all the required steps until maturity to produce the seeds to be sold at the desired levels of quality. It choose the location for production of the seeds to be sold based on the agro-climatic conditions required for different crops, availability of skilled labour and other related infrastructure etc. Such grown commercial seeds are then processed at its processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.

Business area of the company

The company is a seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables.

Major events and milestones

• 2017-18: Incorporation of our Company as ‘Upsurge Seeds of Agriculture Limited’ under the Companies Act, 2013 on October 30, 2017.
  
• 2018-19: Started commercial marketing of the company’s products under the brand name of USA SEEDS in the state of Gujarat, Maharashtra and Rajasthan.
  
• 2020-21: The company has entered into agreements with various farmers/growers for cultivation and production of seeds.
  
• 2020-21: Expanded marketing of our products in the state of Madhya Pradesh.
  
• 2020-21: Crossed Revenue of Rs 50 crore.
  
• 2021-22: Expanded marketing of the company’s products in the state of Karnataka and West Bengal.