Mr. M Prabahkar Rao, Chairman, NSL Group
Chairman & Managing Director, Nuziveedu Seeds Limited
Mr. Mandava Prabhakar Rao, hailing from Guntur District in Andhra Pradesh. Mr. Prabhakar Rao is an alumnus of Benares Hindu University and stood second in the University in B.Sc (Agriculture) and achieved 1st rank in M.Sc (Agriculture). He is also a recipient of Gold Medal and Merit Scholarship in his Post Graduation. He is presently honoured as the Chairman of NSL Group.
Managing the family owned seed company Nuziveedu Seeds Ltd since 1982 and led this company as the largest seed company in India with an estimated annual turnover of about Rs. 1300 Crores in the current year with about 25% share in the hybrid cotton seed market of India.
Mr. Rao is the President of the National Seed Association of India, was a Member of the Board of Management of Acharya N.G Ranga Agricultural University, Member of the Cotton Advisory Board, Textiles Committee of Ministry of Textiles and Member of Central Seed Committee of the Ministry of Agriculture. He was earlier on the board of the International Seed Federation representing India. He is the Chairman of Committee on Agriculture, FICCI and the President of Andhra Chambers of Commerce and Industry Federation.
In addition to his contribution to the seed industry, he has also contributed for substantial industrialization by making combined investments of about Rs.10000 Crores in Power, Textiles, Integrated Sugar Factories, IT Infrastructure in the form of IT Parks, IT SEZs etc. The Group has planned projects with capital outlay of Rs. 25000 Crores in next 5-6 years. NSL Group employs about 22000 people directly.
He has been pioneering work on enhancing of farm productivity in the crops of cotton, sugar cane, paddy and maize through introduction of new agronomic techniques throughout India to make agriculture environmentally sustainable and economically viable.
He is at the forefront of discharging Corporate Social Responsibility initiatives and has established a charitable trust, Mandava Foundation which plays a key role in the development of Rural India by contributing in the sectors of Education, Health Care, and agricultural productivity initiatives etc.