I. Company Profile
NSC was incorporated with the objective to promote and develop seed industry in the country and to contribute to the prosperity of farmers through supply of quality seeds and other agro input/services as well as to enhance agricultural productivity. NSC Produces more than one lakhs tones of certified/quality seeds per year covering 600 varieties of 60 crops and hybrids of cereals, millets, pulses, oilseeds, fodder, fibre and vegetables.
| Year of incorporation |
19.03.1963 |
Category |
Schedule –‘B’, Miniratna Category-I, CPSE |
Ministry |
Agriculture, Department of Agri. & Co-operation |
NSC is a Schedule –‘B’, Miniratna Category-I CPSE under the administrative control of Ministry of Agriculture, Department of Agriculture & Co-operation with 100% shareholding by the Government of India. Its registered and corporate office(s) is at New Delhi.
2. Industrial/Business Operations:
NSC is involved in production and marketing of quality seeds, planting materials and sale of Bio-Fertilizer through its 10 Regional Offices and 77 Area offices spread all over India.
Advent of NSC was a logical result of the revolution that was taking place in plant breeding and genetics. At the time when the nation was facing acute shortage of food grains, NSC became harbinger of Green Revolution. As a result, India became a food grain surplus country from one depending on wheat grain shipments from USA under PL - 480 schemes. Starting with production of 30-40 tones of Maize Foundation Seed, NSC today produces more than 1.5 lakh tones of certified/quality seeds per year covering 600 varieties of 60 crops and Hybrids of cereals, millets, pulses, oilseeds, fodder fibre and vegetable. The physical performance of company during the period 2008- 09 to 2011-12 is shown below:
Production during:
| Main products |
Unit |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
Seeds |
Quintals |
9,96,394 |
14,34,889 |
17,96,791 |
17,17,396 |
3. Key financial Indicators:
The key financial indicators of the performance of the company during the last three years may be seen from the table below:
Amount in Crores
| Particulars |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
Total Income |
292.43 |
472.41 |
633.34 |
633.38 |
Net profit/loss(+) |
26.54 |
52.18 |
37.38 |
30.96 |
Paid-Up Capital |
20.62 |
20.62 |
20.62 |
20.62 |
Reserves & Surplus |
47.37 |
96.92 |
131.64 |
157.80 |
4. Strategic Issues:
The other objectives of the company include to ensure growth over all growth in every sphere of activities of the corporation for which company plans to diversify the product mix by increasing more of low volume high value crops, to undertake production and supply of quality seed with more focus on hybrids, oilseed and pulses, to introduce new crops varieties to strengthen and modernize infrastructural facilities to enhance seed production, processing and marketing by expanding growers net-work and through public-private-partnership, to explore new distribution channels, to provide training/extension and other seed related services to the farmers and to expand activities in North Eastern State.
5. Human Resources Management:
The enterprise employed 804 regular employees (executives’ 218 & non executives 586) as on 31.3.2012/ retirement age in the company is 60 years. It is following IDA 2007 and CDA 2006 pattern of remuneration.
The total number of directors in the Company was 5 out of which 2 each part-time official and non-official (Government nominee) director(s) and one full time functional director:
(Nos.)
Executives
|
218 |
Board of Directors |
5 |
Non executives |
586 |
(i) Full time |
3 |
Total Employees |
804 |
(ii) Non official |
- |
|
|
(iii) Govt. nominee |
2 |
|