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Monsanto India > Company History > Pesticides/Agro Chemicals > Company History of Monsanto India - BSE: 524084, NSE: MONSANTO

Monsanto India

BSE: 524084  |  NSE: MONSANTO  |  ISIN: INE274B01011  |  Pesticides/Agro Chemicals

Company History - Monsanto India
1949
 
 - The Company a subsidiary of Monsanto Co. USA was incorporated on
 8th
 December, 1949 as a private limited Company at Mumbai and was
 converted
 into a public limited company on 1st July, 1978.  The Company
 Manufacture Agricultural Chemicals.
 
 - It has pioneered the chemical-weed-control concept in the country
 and
 is a market leader in rice herbicides which are marketed under the
 brand name MACHETE.  It also markets `Lasso' a broad spectrum
 herbicide and `AVADEX' a herbicide used to protect wheat crop. 
 
 - The Company is also an indenting agents for a range of Monsanto
 products such as specialised industrial and plastic chemicals,
 animal
 science and agricultural products.
     
 1980
 
 - Till date 1,352 No. of equity shares of Rs 100 each subscribed for
 cash at par. 1,352 bonus equity shares issued in prop. 1:1.
 
 1983
 
 - 2,704 bonus equity shares issued in prop. 1:1.
 
 1987
 
 - 5,408 bonus equity shares issued in prop. 1:1.
 
 1988
 
 - Equity shares sub-divided in Sept. 1988. 8,93,318 bonus equity
 shares
 issued in prop. 892:108 to the holders after the offer for sale in
 Feb.
 1989.
 
 1989
 
 - During February, Monsanto Company, USA offered for sale to the
 public, out of its holdings, 3,40,500 No. of equity shares of Rs. 10
 each at a premium of Rs 8 per share.  Of these, 23,835 shares were
 offered to employees, Indian Directors, Business Associates etc.
 (only
 23,800 shares taken up).  The remaining 3,16,665 shares along with
 35
 shares not taken up by employees were offered for sale to public.
 
 - The Objects of offer for sale is to reduce the equity holding in
 the
 Company to 40% or less and to enable participation by Indian public
 in
 the equity capital of the Company and to get the Company's shares
 listed on the recognised Stock Exchanges.
 
 1990
 
 - The Company launched a wheat herbicide and marketed several
 speciality chemicals of Monsanto, USA.
 
 1995
 
 - Authorised Capital increased.  1001478 No. of Equity shares of Rs
 10
 each at a price of Rs 30 per shares issued on Rights basis in prop.
 1:1.
 
 1996
 
 - The Company entered into an non exclusive marketing arrangement
 with
 another Monsanto entity in India to market formulation/granulation
 manufactured by the Company.
 
 1998
 
 - 200 right shares of Rs. 10 each issued during the year.
 
 2000
 
 - The Company has closed its bio-informatics research unit as a part
 of
 the company's restructuring plans, but denied it was winding up R&D
 activities.
 
 - The Nutrition and Consumer Products Division of Monsanto India has
 launched Flix, a low calorie soft-drink concentrate.
 
 - Mr. Terry Bunn, Chairman, has resigned as Director and Chairman
 from
 the board effective from October 4 and Mr. B.K. Chiu has been
 appointed
 as Director and Chairman.
 
 - Monsanto has launched Leader Kanak Rath, an agricultural extension
 service programme, for farmers in Punjab and Haryana.
 
 2002
 
 - Monsanto India Ltd informs that Mr.Brett.D.Begemann is
 appointed Director and Chairman of the company.
 
 -Mr Sekhar Natrajan has been reappointed as the Managing Director
 of the company.
 
 2003
 
 -Monsanto India shifts part of its packaging activities from Silvassa
 to
 a site in Guwahati.
 
 -1) Mr. Allen Smith appointed as Director and Chairman of the Company
 in place of Mr. Brett Begemann 2) Appointment of Mr. William Hallman
 as Director in place of Mr. C Y Wong 3) Appointment of Mr.
 Rajagopalan S as Chief Financial Officer of the Company in place of
 Mr. Sandeep Kulkarni.
 
 
 2004
 
 -Monsanto India Limited has informed that the securities of the
 Company have been delisted from the Delhi Stock Exchange Association
 Limited w.e.f. December 29, 2003.
 
 2006
 -Monsanto India Limited has appointed  Mr. Sekhar Natarajan as
 Director & Chairman of the Board of Directors of the Company w.e.f.
 November 03, 2006.
 
 -Monsanto India Limited has appointed Mr. Mark Martino as Director of
 the Company.
Source : Religare Technova

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