About Mahyco
Mahyco is an Agriculture company based in Jalna (India) founded in 1991. Agriculture company offering hybrid and open pollinated seeds. Mahyco has raised $29.27 million across 3 funding rounds from investors including International Finance Corporation, Almet Healthcare and John Fowler Ocular Lenses. The company has 888 employees. Mahyco was last valued at $15.34 million in September 2011. Its chief executive, as recorded, is Sandeep Harsh. Its website mahyco.com draws about 21 thousand monthly visits. Its Indian entity Mahyco Private Limited reported revenue of ₹1,584 Cr. Mahyco offers products and services including Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds. Its focus areas include Food and Agriculture Tech, Crop Tech, Farm Inputs and Seeds.
Company details
Mahyco was established in 1991 in Jalna, India, within the agriculture sector. Hybrid and open-pollinated seeds are developed and supplied for row crops including castor, cotton, maize, mustard, and millet, as well as vegetables such as brinjal, beetroot, cucumber, gourds, radish, and tomato. Operations encompass research, production, processing, and marketing of these seeds. An app-based advisory platform is maintained to support users in the field.
- Headquarters Jalna, India
- Employees 888
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website mahyco.com
- Social LinkedIn X Facebook YouTube
- Legal Name Mahyco Private Limited
- Date of Incorporation 06 Jun, 1991
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,584 Cr
FY 2025 · -11% YoY
- Net Profit₹155 Cr
FY 2025 · 10% margin
- EBITDA₹268 Cr
FY 2025 · 17% margin
- Total Equity Funding$29.27M (USD)
in 3 rounds
- Latest Funding Round$26M (USD), Series B
Oct 2019
- InvestorsInternational Finance Corporation
& 7 more
- Employee Count888
Associated legal entities of Mahyco
Mahyco is associated with 3 registered companies on The Company Check; the primary company is Mahyco Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mahyco Private Limited CIN U74999MH1991PTC061969 | Active | 06 Jun 1991 | Mumbai, Maharashtra | ₹1,584 Cr | 888 | 7 | View details |
| Akshnishit Investment And Trading Llp CIN AAN-0758 | Active | 01 Aug 2018 | Mumbai, Maharashtra | ₹0.4 Cr | 822 | 3 | View details |
| Maharashtra Hybrid Seeds Company Private Limited CIN U01100MH1970PTC014600 | Active | 04 Apr 1970 | Mumbai, Maharashtra | ₹61.5 Cr | 7 | View details |
Products & Services of Mahyco
Mahyco offers a comprehensive portfolio of products and services, including Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds.
High-quality seeds for enhanced crop yield and resistance
Traditional seeds for diverse farming applications
Seeds designed for vegetable production and market needs
Apps and channels of Mahyco
its YouTube channel Mahyco Grow has 18.8K subscribers and 30 videos.
Videos from Mahyco
The most watched videos on Mahyco's YouTube channel, Mahyco Grow (18.8K subscribers). Click a video to play it here.
More on Mahyco Grow.
Funding Insights of Mahyco
Mahyco has successfully raised a total of $29.27M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $29.27M
- Total Rounds 3
- Last Round Series B — $26M
- First Round $3.02M
(Sep 2011)
- Investors Count 8
All 3 funding rounds of Mahyco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $26M | Series B | – | IFC | – |
| Oct 2015 | $245,870 | Series A | – | – | – |
| Sep 2011 | $3.02M | Series A | $15.34M | Almet Healthcare |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2011 | $15.34M | •••••••• |
Last known valuation $15.34M (Sep 2011). 8 investors in total: 3 institutional and 5 angel.
Investors in Mahyco
Mahyco has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include International Finance Corporation, Almet Healthcare and John Fowler Ocular Lenses.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Healthcare marketing services are provided to clients by Almet Healthcare. | almethealthcare.tcc.mode | Mumbai, India | ||
| johnfowlerocularlenses.tcc.mode | ||||
SB Sushama Barwale | unknown_2efb2413785143668 | |||
SR Shirish Rajendra Barwale | Angel investor, Director at Mahyco, focused on agritech and innovation | unknown_6417334a0d04478ea | ||
RB Rajendra Barwale | unknown_f784dae0e09743019 | |||
RB Rajendra Badrinarayan Barwale | unknown_72934656bdac472aa | |||
GD Gomati Devi Barwale | unknown_da33a19f63ce4de0b |
Investor details for Mahyco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Mahyco Private Limited (Mahyco)
Mahyco Private Limited is the primary company behind Mahyco. The boards of the 3 registered companies of Mahyco currently have 7 directors; the longest-serving is Shyamsunder Gopilalji Agrawal, appointed in 2003. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyamsunder Gopilalji Agrawal DIN 00001949 | Director | 07 Mar 2003 | 23 yrs 7 mo | Maharashtra Hybrid Seeds Company Private Limited, Mahyco Private Limited |
| Anup Singh DIN 00250162 | Director | 28 Oct 2005 | 20 yrs 11 mo | Mahyco Private Limited |
| Usha Barwale Zehr DIN 00002982 | Director | 01 Nov 2008 | 17 yrs 11 mo | Maharashtra Hybrid Seeds Company Private Limited, Mahyco Private Limited |
| Sekhar Natarajan DIN 01031445 | Director | 25 Mar 2018 | 8 yrs 6 mo | Maharashtra Hybrid Seeds Company Private Limited |
| Aashish Rajendra Barwale DIN 00317433 | Designated Partner | 01 Aug 2018 | 8 yrs 2 mo | Akshnishit Investment And Trading Llp, Maharashtra Hybrid Seeds Company Private Limited, Mahyco Private Limited |
| Rajendra Badrinarayan Barwale DIN 00001678 | Designated Partner | 01 Aug 2018 | 8 yrs 2 mo | Akshnishit Investment And Trading Llp, Maharashtra Hybrid Seeds Company Private Limited, Mahyco Private Limited |
| Shirish Rajendra Barwale DIN 00152584 | Designated Partner | 01 Aug 2018 | 8 yrs 2 mo | Akshnishit Investment And Trading Llp, Maharashtra Hybrid Seeds Company Private Limited, Mahyco Private Limited |
People of Mahyco
86 people are tracked at Mahyco (11 in leadership, 75 in team); the tracked headcount is 888.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Sandeep Harsh | CEO | Leadership |
Bharat Char | Chief Science Officer | Leadership |
Harikrishna Lakshmegowda | Head Of Production & Business Excellence | Leadership |
| Managing Director | Leadership | |
| Founder & Chairman | Leadership | |
Mustafa Mulla | Head Logistics And Warehousing | Leadership |
Ajay Vaidya | Chief Human Resources Officer | Leadership |
Sharad Mate | Human Resources Business Partner | Leadership |
Venketraman Srinivasan | Head Of Corporate Finance | Leadership |
| Director | Leadership | |
Kiran Thorat | Associate Research Scientist | Team |
Ishwar Patil | Lead Processing-vegetables | Team |
Vikas Sheware | Facility Manager | Team |
Niteen Thite | Product Development Manager | Team |
Shraddha Mhaske | Machine Learning Trainee | Team |
Mohammed Yousuf | Associate Crop Lead - Red Dry Chilli | Team |
Samadhan More | Research Associate | Team |
Meghna Soni | Research Associate | Team |
Irfan Shaikh | Research Associate | Team |
66 more people are available in the full profile.
Complete people profiles for Mahyco
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mahyco
Figures of Mahyco Private Limited, the primary company behind Mahyco, for FY 2025. Revenue was ₹1,584 Cr (-11% year on year). Net profit was ₹155 Cr (10% margin). EBITDA was ₹268 Cr (17% margin). Revenue has grown at a compounded annual rate of +4% over three years and +8% over five years.
- ₹1,584 CrRevenue · FY 2025 · -11% YoY
- ₹155 CrNet profit · 10% margin
- ₹268 CrEBITDA · 17% margin
- ₹12.20 CrPaid-up capital
- 888Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mahyco Private Limited are on its company page.
Detailed financial statements for Mahyco
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mahyco
4 dated milestones of Mahyco across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Mahyco is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $26.0M.
Web traffic of Mahyco
The website of Mahyco (mahyco.com) receives about 21K visits a month.
- Monthly visits21K
▼ 7.8% vs previous month
Websites whose visitors overlap most with Mahyco. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rasiseeds.com | 100% | 2.6K | #6,140,794 | View details | |
| indamseeds.com | 89% | 2.7K | #5,912,913 | View details | |
| monsantoindia.com | 82% | View details | |||
| kaveriseeds.in | 82% | 17.8K | #1,323,358 | View details | |
| namdhariseeds.com | 80% | 3.6K | #4,869,573 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Mahyco
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Mahyco (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | USD 679.04 M | 12,280 | ||
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 31.86 M | 1,249 |
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Related news about Mahyco
Complete news archive for Mahyco
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Frequently Asked Questions about Mahyco
Mahyco was founded in 1991 and raised its 1st funding round 20 years after it was founded.
Mahyco is headquartered in Jalna, India. It is registered at Jalna, Maharashtra, India.
Sandeep Harsh is the CEO of Mahyco, as recorded in our data.
Mahyco is a funded company, having raised a total of $29.27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.02M, raised on Sep 2011.
Mahyco has 888 employees.
The primary company behind Mahyco, Mahyco Private Limited, reported revenue of ₹1,584 Cr for FY 2025, down 11% year on year.
Mahyco was established in 1991 in Jalna, India, within the agriculture sector. Hybrid and open-pollinated seeds are developed and supplied for row crops including castor, cotton, maize, mustard, and millet, as well as vegetables such as brinjal, beetroot, cucumber, gourds, radish, and tomato. Operations encompass research, production, processing, and marketing of these seeds. An app-based advisory platform is maintained to support users in the field.
Mahyco offers Hybrid Seeds, Open Pollinated Seeds, and Vegetable Crops Seeds.
Mahyco has 8 investors. Key investors include International Finance Corporation, Almet Healthcare, John Fowler Ocular Lenses, Sushama Barwale, and Shirish Rajendra Barwale.
The valuation of Mahyco is $15.34M as of Sep 2011.
Mahyco is associated with 3 legal entities: Mahyco Private Limited, Akshnishit Investment And Trading Llp, Maharashtra Hybrid Seeds Company Private Limited.
The legal entities of Mahyco currently have 10 directors, including Aashish Rajendra Barwale, Rajendra Badrinarayan Barwale, Shirish Rajendra Barwale and others.