Agrinnovate India Limited a registered Company under the Companies Act, 1956 (No. 1 of 1956) is owned by Government of India in Department of Agricultural Research and Education (DARE). It aims to work on the strengths of DARE's Indian Council of Agricultural Research (ICAR) and promote the development and spread of R&D outcomes through IPR protection, commercialization and forging partnerships both in the country and outside for the public benefit.
The Company has been set up with an authorized share capital of Rs. 100 crore, with an initial paid up capital of Rs. 50 crores. The initial paid up capital would be met by DARE/ICAR from its budgetary allocations, without recourse to any additional funds from the Government