Mahyco

Mahyco Private Limited
IndustrySeeds
Founded1964
FounderB.R. Barwale
HeadquartersBadnapur,
Maharashtra
,
India
Area served
International
Websitehttps://www.mahyco.com/index.html

Maharashtra Hybrid Seeds Co. (Mahyco) is an agricultural company based in India and a major producer of seeds. As of 2015, the company also operates in Vietnam, Indonesia, Philippines and Bangladesh, with plans for expansion into Africa.[1] The company produces seeds for cotton, wheat, rice, sorghum, pearl millet, maize oilseeds and vegetables crops.[2] Through a joint venture with Monsanto named Mahyco Monsanto Biotech, Mahyco sublicenses Bt cotton technology in India.[3] The Indian government has maintained price controls on Bt cotton seeds since at least 2011.[4]

Mahyco has 21 notified research varieties[5] and production of 115 products across 30 crop species.[6] Mahyco has six research centres in India focusing on molecular breeding, applied genomics, crop transformation, plant virus interaction, molecular microbiology, abiotic stress tolerance and molecular entomology.[7]

The company has a research and development center at Dawalwadi near Jalna in Maharashtra, with an ongoing hybrid breeding program in over 30 crop species. Apart from the main R&D centre in Jalna, Mahyco has 3 research centres and 18 other location offices distributed across the country with over 150 scientists engaged in the research programs.[8] As of 2014 Mahyco is present in over 20 countries, with offices in Singapore, Vietnam and recently acquired a controlling stake in Quton, the largest Cotton seeds company in Africa.[9]

History

B. R. Barwale founded the company in 1964.[10]

In 2002, Monsanto and Mahyco's joint venture introduced Bt cotton technology to India.[4] The joint venture's later attempt to introduce Bt brinjal to India was controversial and ultimately unsuccessful.

In 2012, the government of Maharashtra blocked sale of Mahyco Bt Cotton seed in response to distribution and transparency problems. The company's licence to sell was reinstated in May 2013.[11] The first hybrid wheat seed in India "Pratham 7070 " was developed by MAHYCO

Awards

2013: The Association of Biotechnology Led Enterprises (ABLE) recognizes Mahyco for outstanding contribution to the Indian agriculture sector[12]

1990: Awards from the International Seeds and Science Technology (ISST) and the Federation of Indian Chambers of Commerce and Industries (FICCI)[13]

References

  1. ^ "Maharashtra Hybrid Seeds Company to expand in Africa, South East Asia". The Economic Times. Bennett, Coleman & Co. Ltd. 15 March 2015. Archived from the original on October 18, 2015. Retrieved 8 June 2016.
  2. ^ V, Nalinakanthi. "Mahyco pins hopes on new Government to speed up regulatory approvals". @businessline.
  3. ^ Vyas, Maulik (17 February 2016). "CCI finds Mahyco-Monsanto Biotech practice monopolistic: Orders Investigation". Economic Times. Retrieved 8 June 2016.
  4. ^ a b Kazmin, Amy (18 October 2015). "Monsanto faces growing troubles in India". Financial Times. Retrieved 8 June 2016.
  5. ^ [1][dead link‍]
  6. ^ "Maharashtra Hybrid Seeds - AgricultureInformation.com". Archived from the original on 2016-09-11. Retrieved 2016-08-29.
  7. ^ "Mahyco". BioSpectrumIndia. Archived from the original on 2016-09-11. Retrieved 2016-08-29.
  8. ^ "DealCurry.com : Mahyco Buys Majority Stake in Zimbabwe's Seed Firm Quton". Archived from the original on 2016-11-12. Retrieved 2016-11-11.
  9. ^ Reporter, B. S. (November 24, 2014). "Mahyco acquires 60% stake in Zimbabwean seed co Quton" – via Business Standard.
  10. ^ PADMANABHAN, R (7 November 1998). "Honour for a 'seedsman'". Frontline (India). The Hindu. Retrieved 8 June 2016.
  11. ^ "Mahyco allowed to sell Bt cotton seeds". The Hindu. 7 May 2013. Retrieved 8 June 2016.
  12. ^ "Mahyco bags ABLE award for contributions to the agri-biotech sector". BioSpectrumIndia. Archived from the original on 2016-11-11. Retrieved 2016-11-11.
  13. ^ [2] http://www.biospectrumindia.com/biospecindia/news/185700/mahyco-bags-able-award-contributions-agri-biotech-sector