NEW DELHI, 29 April 2025: In a milestone development for India’s agricultural innovation ecosystem, Agrinnovate India Limited (AgIn) — the commercial arm of the Indian Council of Agricultural Research (ICAR) — has declared a dividend of INR 1.42 crore for the financial year 2023–24. This marks the first-ever dividend payout by AgIn since its establishment in 2011.
The dividend cheque, amounting to INR 1,42,23,513, was formally presented to the Union Minister for Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan, in New Delhi. The presentation ceremony was attended by Dr. Devesh Chaturvedi, Secretary, Department of Agriculture & Farmers’ Welfare, and Dr. M.L. Jat, Director General of ICAR.
The dividend payment complies with DIPAM (Department of Investment and Public Asset Management) guidelines, reinforcing AgIn’s growing financial robustness and operational maturity. The initiative reflects the company’s commitment to financial sustainability, accountability, and its critical role in translating agricultural R&D into scalable solutions for India’s farming community.
Under the leadership of Dr. Praveen Malik, CEO of Agrinnovate India Ltd., the company has intensified its mission of bridging agri-research with market-ready innovations. AgIn is instrumental in transferring ICAR-developed technologies into the hands of farmers, agri-entrepreneurs, and startups, enabling wider access to productivity-enhancing tools and sustainable practices.
Founded in 2011 under the Department of Agricultural Research and Education (DARE), AgIn functions as a government enterprise that leverages the intellectual property generated through ICAR’s cutting-edge research. This dividend declaration not only demonstrates financial discipline but also strengthens AgIn’s credibility as a national catalyst for agri-tech innovation.
The payout is seen as a significant step toward ensuring that public sector innovation results in measurable economic returns, reinforcing India’s agenda of self-reliance in agricultural technology and institutional transparency.
