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About NSL Group

About NSL Group

The NSL Group is a diversified business conglomerate with an established presence across multiple sectors, namely Seeds, Sugars, Textiles, Power, and Infrastructure & Real Estate.

Mandava Holdings Private Limited (MHPL) serves as the principal holding company of the NSL Group. Registered with the Reserve Bank of India (RBI) as a Core Investment Company (CIC), MHPL provides strategic oversight, robust governance, and capital support to the Group's portfolio of companies.

The Group's heritage dates back to 1973, when its seed business was established with the objective of empowering rural India through innovation. Building upon this foundation, the NSL Group has evolved into a diversified conglomerate operating across multiple sectors, while continuing to uphold the values and entrepreneurial principles that have guided its progress since inception.

Backed by experienced leadership and deep sectoral expertise of Dr. Prabhakar Rao Mandava, MHPL drives the growth and diversification of the NSL Group, fostering innovation, business resilience and long-term stakeholder value across its portfolio of companies.

Mission & Vision

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Our Vision

To build and sustain leading industrial brands rooted in agri-biotech excellence, clean energy solutions and delivering long-term socio-economic value across India.

Our Mission

NSL Group, backed by world-class research and operational excellence, serves farmers, communities and industries through:

  • High-quality seed genetics for agricultural prosperity.
  • Efficient sugar and textile operations that create employment and industrial value.
  • Renewable energy generation and infrastructure development that support sustainable growth.
  • Inclusive development through technology adoption, skills training and CSR initiatives.

We are committed to sustainable value creation, pioneering technologies and integrated solutions that uplift stakeholders and transform communities.

Our Values

Integrity & Excellence

Upholding the highest ethical standards and operational excellence.

Innovation & Research

Investing continuously in R&D to advance agriculture, infrastructure, and energy solutions.

Farmer & Community Focus

Supporting rural India through empowerment, education, and impactful CSR activities.

Sustainable Growth

Balancing profitability with environmental stewardship and social responsibility.

Collaboration & Leadership

Encouraging teamwork, Knowledge sharing and visionary leadership across the Group.

CSR Initiatives

Mandava Foundation co-ordinates the CSR initiatives of the NSL Group.

The Board of Directors of MHPL

Dr. Prabhakar Rao Mandava

Director

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Mrs. M. Asha Priya

Whole-Time Director

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Mr. M. Venkatram Chowdary

Managing Director

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Mr. K. Ratna Gopal

Whole-Time Director

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Mr. P. Mohanaiah

Independent Director

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Mr. Mannam Malakondaiah

Independent Director

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Dr. P. Kotaiah

Non Executive Director

Dr. Kotaiah holds a Postgraduate degree in Economics (Gold Medal), a Doctor of Letters from Andhra University, and is an Associate of the Indian Institute of Bankers. His distinguished five-decade career spans banking, finance, economic development, and corporate governance, including leadership roles at NABARD (Executive Chairman 1992–1998) and consultancy for the World Bank, FAO, IFAD, and UNDP across 20 countries.

Mr. P. Mohanaiah

Independent Director

A postgraduate in Economics from Osmania University, Mr. Mohanaiah is a retired Chief General Manager of NABARD. Over his 35-year career, he has worked across multiple states in India, holding leadership positions that drove business development, rural development, and institutional strengthening.

Mr. B R Prasad

Chief Risk Officer (CRO)

The CRO operates independently of business and finance functions and reports directly to the Board of Directors / Risk Management Committee, thereby ensuring objective oversight and regulatory compliance in accordance with RBI guidelines.

Management Team

Dr. Prabhakar Rao Mandava

Director

Mr. K. Ratna Gopal

Whole-Time Director

Mr. G. Venkatewara Rao

Chief Financial Officer

Mr. Rohit Jai

Company Secretary & Compliance Officer

Committees of Board of Directors

Audit Committee

  • Mr. P Mohanaiah – Chairman
  • Mr. Mannam Malakondaiah – Member
  • Mr. M. Venkatram Chowdary – Member

Group Risk Management Committee

  • Mr. Mannam Malakondaiah - Chairman
  • Mr. P. Mohanaiah- Member
  • Mr. M. Venkataram Chowdary – Member
  • Mr. K Ratna Gopal – Member
  • Mr. B R Prasad (CRO) – Member

Nomination and Remuneration Committee

  • Mr. P. Mohanaiah – Chairman
  • Mr. Mannam Malakondaiah – Member
  • Mr. K. Ratna Gopal – Member

CSR Committee

  • Mr. P Mohanaiah – Chairman
  • Mrs. M Asha Priya – Member
  • K Ratna Gopal – Member

Dr. Prabhakar Rao Mandava

Director

Dr. Mandava Prabhakar Rao is Chairman & Managing Director of Nuziveedu Seeds Limited (NSL), Chairman of the NSL Group, and President of the National Seed Association of India, based in Hyderabad. Born into an agricultural family in Andhra Pradesh, he studied at the Institute of Agricultural Science, Banaras Hindu University, earning top ranks and a gold medal in his B.Sc. and M.Sc. in Agriculture. He took over NSL in 1982 from his father, who founded it in 1973, and grew it into India's largest seed company, with the NSL Group now spanning seeds, textiles, sugar, infrastructure, and renewable power and generating around ₹5,000 crore in annual turnover. Under his leadership, NSL pioneered agronomic innovations such as High-Density Planting Systems in cotton and Direct Sowing in Rice, reaching nearly 7 million farmers and building a network of over 100,000 progressive farmer leaders; he also played a key role in bridging biotechnology developers and plant breeding companies through a landmark industry framework, and his breeding work underlies much of India's cotton production. Beyond NSL, he has held major industry leadership positions, including founding member and multi-term President of NSAI, Chairman of FICCI's Andhra Pradesh State Council, President of ISMA in 2024, and past roles on bodies like the International Seed Federation and the Central Seed Committee. His contributions have earned him numerous awards, including the DSIR R&D award, the Agriculture Leadership Award, and a Life Time Achievement Award from ABSA, along with honorary doctorates from Chandrasekhar Azad University (2023) and Krishna University (2025). He has also driven roughly ₹10,000 crore in industrial investment across power, textiles, sugar, and IT infrastructure, employs about 20,000 people, and is deeply engaged in philanthropy through the Mandava Foundation and The Swarna Bharat Trust, supporting education, healthcare, and rural development initiatives.

Mrs. M. Asha Priya

Whole-Time Director

Mrs. Asha Priya is a Post Graduate in Home Science. She stood University First in M.Sc. (Child Development) in the year 1984. She also holds Post Graduate Diploma in Journalism and Kuchipudi Dance. In addition to her interest in supporting the rural poor in the fields of Education, Health and Rural Development, she has a keen eye on Heritage Preservation in the country. She has provided support to ancient forms of dances, arts, spiritual centres etc. Being very sympathetic towards economically backward young girls in rural areas, she actively supports development of vocational training centres to help young girls.

Mr. M. Venkatram Chowdary

Managing Director

Mr. M. Venkatram Chowdhary completed his Business Management Certification in Finance from the University of California, San Diego (UCSD), USA. He holds a degree in Bachelor of Business Administration (BBA) from Amity University, Noida. He served on the Board of NSL Textiles Limited as Whole-Time Director during the period between 5.9.2011 and 15.3.2016.

Mr. K. Ratna Gopal

Whole-Time Director

Mr. K. Ratna Gopal is Engineering graduate from Andhra University, where he was a university ranker. He brings over five decades of distinguished experience in operations, project management, human resource management and profit centre leadership. Over the course of his career, he has held senior leadership and management positions in reputed organisations such as SAIL, BHEL, and Chevron Corporation, USA. In these roles, he successfully led large teams, strengthened operational excellence, and delivered complex projects across diverse business environments.

Widely travelled and globally exposed, Mr. Ratna Gopal brings a strong cross-cultural perspective and a broad, world-class approach to leadership and business management. His experience across diverse functions has enabled him to enhance overall group performance at scale by aligning people, processes, and organisational priorities with strategic decision-making.

He has also been a key contributor in shaping human resource strategy, building high-performing teams, nurturing leadership talent, and fostering a strong organisational culture across functions.

With his rich experience, strategic outlook, and people-centric leadership style, Mr. Ratna Gopal continues to provide valuable guidance and direction to the company’s growth and organisational development.

Dr. P. Kotaiah

Independent Director

A postgraduate in Economics from Osmania University, Mr. Mohanaiah is a retired Chief General Manager of NABARD. Over his 35-year career, he has worked across multiple states in India, holding leadership positions that drove business development, rural development, and institutional strengthening.

Mr. Mannam Malakondaiah

Independent Director

A 1985 batch IPS officer and former Director General of Police, Andhra Pradesh, Mr. Malakondaiah also served as Vice-Chairman and Managing Director of APSRTC. He advises MHPL on risk compliance, IT governance, and internal control systems, enhancing the Group’s security and regulatory alignment.