Agrinnovate India Declares First-Ever Dividend of ₹14.22 Crore for FY 2023–24
New Delhi, April 23: Agrinnovate India Limited (AgIn), a public sector enterprise under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare, has announced a dividend of ₹14,22,23,513 for the financial year 2023–24 — the first since the company’s inception in 2011.
The dividend complies with the guidelines set by the Department of Investment and Public Asset Management (DIPAM), marking a significant milestone in AgIn’s financial journey.
In a formal ceremony held in New Delhi today, the dividend cheque was presented to Union Minister for Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan. The event was attended by key dignitaries, including Dr. Devesh Chaturvedi, Secretary, Department of Agriculture & Farmers’ Welfare, and Dr. M.L. Jat, Director General of the Indian Council of Agricultural Research (ICAR).
Under the leadership of Dr. Praveen Malik, Chief Executive Officer of Agrinnovate India Ltd., the organization has demonstrated robust financial growth and strategic foresight. Dr. Malik emphasized that this landmark dividend payment reflects AgIn’s strong performance, institutional accountability, and commitment to sustainable financial practices.
Agrinnovate India Ltd., established in 2011, operates as the commercial arm of ICAR. The company plays a critical role in bridging agricultural research with practical applications, helping to transfer, scale, and commercialize agri-technologies to benefit farmers and agri-entrepreneurs across the country. The dividend declaration not only highlights AgIn’s financial stability but also reinforces its broader mission to advance India’s agricultural innovation ecosystem.
