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Agrinnovate India pays dividend of Rs 1.42 crore for FY 2023–24
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Saturday, 26 April, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Agrinnovate India Limited, Government of India enterprise under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare, has declared a dividend of Rs 1,42,23,513 for the financial year 2023–24. The dividend distribution complies with guidelines issued by the Department of Investment and Public Asset Management (DIPAM). This is the first time it has paid the dividend since its inception.
The dividend cheque was formally presented to Union Minister for Agriculture and Farmers’ Welfare Shivraj Singh Chouhan in New Delhi. The event was also graced by the presence of secretary, Department of Agriculture & Farmers’ Welfare Dr Devesh Chaturvedi and director general, Indian Council of Agricultural Research (ICAR) Dr M.L. Jat. This announcement reflects its continued financial strength and strategic vision, under the leadership of Dr Praveen Malik, chief executive officer, Agrinnovate India Ltd.
Established in 2011, it serves as the commercial arm of ICAR, bridging agricultural research and practical implementation. It plays a pivotal role in transferring, valorising, and scaling agri-technologies across India to benefit farmers and entrepreneurs. The dividend declaration underscores its commitment to financial sustainability, institutional accountability, and its broader mission of advancing India’s agricultural innovation ecosystem.
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