It gives me great pleasure to present our 28th Annual Report. 2009-2010
 has been a great year for Mavens Biotech Ltd. Our total income has
 risen by 122% to Rs. 4787.89 lacs and Profit After Tax has risen by
 457% to Rs. 329.05 lacs over FY 2008-09, thereby registering a
 phenomenal growth.
 
 Our existing business of tissue culture, bioinformatics and agri and
 pharma trading continues to do well. At the same time, we have drawn up
 an ambitious expansion plan for the next 5 years to continue this rapid
 growth.
 
 A phase wise plan has been drawn up to increase our tissue culture
 capacity in India to 50 million plants. Acquisitions of tissue culture
 mats will be made in potato, bamboo and floriculture categories to add
 to the companys product portfolio. Also new facilities will be set up
 for horticultural plants.
 
 The Company has identified biomass based power generation as a new
 expansion area for the company. Biomass, a renewable energy source, is
 biological material derived from living, or recently living organisms,
 such as wood, waste, and alcohol fuels. Biomass is commonly plant
 matter grown to generate electricity or produce heat. India faces
 energy deficit of 9% and peak deficit of 14%. According to the Ministry
 for New and Renewable Energy (MNRE), the power generation potential
 from agri residues in India has been assessed as about 16,000 MW.
 However, as of September 2008, only about 656 MW of grid-connected
 bio-power based on agri-residues and plantations could be achieved.
 
 Thanks to consistent support from all our stakeholders, our businesses
 have scaled up significantly and added lot of value. Our understanding
 of the market, along with our continuous emphasis on delivering quality
 products and services will enable us to make the most out of the
 opportunities available. We remain eager to make agriculture more
 sustainable and thereby are in constant search for products and
 technologies that will make farm families live better lives.
 
 Employees have always been at the centre of our endeavor. I would like
 to express my appreciation for their continuous commitment to our
 success. I believe our management team has the leadership capability to
 take us to the next level.
 
 Id like to extend my gratitude towards all our shareholders, customers
 and staff for their support in shaping the success of Mavens Biotech
 Ltd.
 
 
 
                                                          B. K. Sah
  
                                                 Whole Time Director