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Suppliers · Research / RTO · Agricultural biotech & AgTech

Ajeet Seeds

Ajeet Seeds Private Limited (ASPL), the flagship of the “Padmakar Mulay Group of Companies” made a humble beginning on May 13, 1986 by bringing into the market premium quality seeds of cotton, pearl millet, wheat and sorghum. Over the years our repertoire has grown to encompass the complete spectrum of vegetables, corn and rice. Cutting edge technologies in the areas of genetics, plant breeding, …

active IndiaAsia Founded 1986 Revenue: Over INR 500 crore (operating revenue range) for FY ending 31 March 2024 (as reported by Tofler) checked 2026-10-05

Profile

Ajeet Seeds Pvt. Ltd. (ASPL) develops, produces, processes, and supplies hybrid field-crop seeds and tissue-culture-raised plants, focused on hybrids with improved biotic/abiotic stress tolerance; its portfolio spans cotton, pearl millet, wheat, sorghum, corn, rice, oilseeds, pulses, and multiple vegetables. It uses genetics, plant breeding, biotechnology, seed processing, and molecular breeding/transgenics/genomics, supported by in-house R&D (PBRC, DSIR-approved; ~60 scientists) plus ~600 acres of on-farm research farms with multi-location trials. Founded 13 May 1986; head office in Chitegaon (suburban Aurangabad), Maharashtra. ASPL is unlisted/private (InstaFinancials shows Active status; no stock listing). Owned by the Padmakar Mulay Group; promoted by Padmakar Mulay and sons Ranjeet Mulay and Sameer Mulay. Known scale: total operating income Rs 527.84 crore and PAT Rs 29.28 crore (FY ended 31-03-2024, provisional); tangible net worth Rs 640.14 crore; in-house processing plants in Chitegaon/Phulambri/Pharola; wind turbines totaling 9.4 MW. Key partners/customers: research collaborations including ICRISAT, IARI, IIHR, CIMMYT, AVRDC, Kasetsart University, IRRI, plus private Southeast Asia organizations; it supplies hybrid seeds via a distribution/marketing network. 2025–2026: latest filings show ASPL active with balance sheet filed 31 Mar 2025 and AGM in Sep 2025; no evidence of closure—still active.

Sources#

Industry
Seeds & genetics
Topics
Hybrid seeds & crop breeding
Role
Research / RTO — “…hed the Plant Biotechnology Research Center (PBRC) in 2003 for crop biotech research, recognized as a research…”

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Not yet cited as a supplier in a graded solution.

What they offer

This company does not publish its products or services — we find out through an introduction.

News & status 6

Network: owners, partners, peers

Ownership & investors 1

parentPadmakar Mulay Group of Companies

Partners & deals 2

collaborationPharola
…ts in Chitegaon/Phulambri/Pharola; wind turbines totaling 9.4 MW. Key partners/customers: research collaborations including ICRISAT, IARI, IIHR, CIMMYT, AVRDC, Kasetsart University, IRRI, plus private ……
collaborationCollaboration
…a diverse germplasm collection for genetic enhancement. - Collaboration and partnerships: Research collaborations with ICRISAT, IARI, IIHR, CIMMYT, AVRDC, Kasetsart University (Thailand), IRRI ……

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