About Ganon Products Limited
Data last updated:
Ganon Products Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 02 July 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L68200MH1985PLC036708. Its GSTIN is 27AAACG2023N1ZQ (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 512443.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.33 Cr. It was formerly known as Ganon Trading and Finance Co Ltd. It is led by directors including Abhijeet Kacharu Jagtap (Managing Director) and Ravindra Haribhau Gopale (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹6.72 Cr, a decline of 60.6% compared to the previous year. For the same year it recorded a net profit of ₹52 Lakh (net margin 7.7%) and EBITDA of ₹1.66 Cr (EBITDA margin 24.7%). The net worth stands at ₹11.55 Cr (up 4.8% YoY). Total assets are valued at ₹22.55 Cr (up 77.7% YoY).
The company is associated with 2 brands: Ganon Products and Ganon Trading & Finance. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 158 deals on record (158 market trades); the latest was in September 2026. Its 3 peer companies in the Metals and Minerals industry (Agro Retail and Distribution, Materials Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Adams Exim Private Limited with revenue of ₹18.96 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ganonproducts.com.
Company details
CIN history
Ganon Products has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L68200MH1985PLC036708, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L68200MH1985PLC036708 | Current |
| L51100MH1985PLC036708 | Previous |
| L51900MH1985PLC036708 | Previous |
Contact details
Ganon Products Limited's registered office is in Mumbai, Maharashtra. Its website is ganonproducts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No 120 Dimple Arcade, Asha Nagar Thakur Complex, Mumbai, Maharashtra, India – 400101
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Ganon Products Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ganon Products operates two associated brands: Ganon Products and Ganon Trading & Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wholesale trading of agro commodities, metals, steels, and thermal coal. | ganonproducts.com | |
| Trading and financial services are provided in India. | ganontrading.com |
Business activity
The main business activity of Ganon Products is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ganon Products Limited, buy the company report.
Financials of Ganon Products Limited
FY 2025-26 filings availableGanon Products Limited reported revenue of ₹6.72 Cr (down 60.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6.72 | 17.07 | 27.90 | 12.74 | 0.00 | 0.00 | 0.01 |
| Revenue growth | -60.6% | -38.8% | +119.0% | - | - | -100.0% | - |
| EBITDA | 1.66 | (0.91) | (0.72) | (0.83) | (0.56) | (0.50) | (2.79) |
| EBITDA margin | +24.7% | -5.3% | -2.6% | -6.5% | - | - | - |
| Profit before tax | 0.70 | 0.06 | 0.16 | 0.03 | 0.04 | 0.09 | (2.26) |
| Net profit | 0.52 | 0.04 | 0.12 | 0.02 | 0.02 | 0.07 | 0.18 |
| Net profit margin | +7.7% | +0.2% | +0.4% | +0.2% | - | - | +1800.0% |
| EPS (₹) | 0.56 | 0.05 | 0.14 | 0.02 | 0.02 | 0.07 | (2.47) |
| Balance sheet | |||||||
| Total assets | 22.55 | 12.69 | 17.98 | 13.10 | 16.53 | 15.36 | 14.99 |
| Net worth | 11.55 | 11.02 | 10.97 | 10.83 | 10.81 | 10.78 | 10.72 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.09 | 0.03 | 0.20 | 0.13 | 0.01 | 0.09 | 1.14 |
| Net working capital | (9.74) | (11.72) | (13.33) | (7.05) | (0.90) | (0.61) | 0.36 |
| Cash flow | |||||||
| Cash from operations | (8.32) | (2.72) | 5.60 | 5.84 | (0.24) | (0.52) | (0.63) |
| Cash from investing | 0.40 | 8.80 | (9.74) | (1.80) | (0.59) | (0.43) | (2.48) |
| Cash from financing | 7.97 | (6.25) | 4.21 | (3.92) | 0.74 | (0.09) | 4.25 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.91 | 4.06 | 1.45 | 1.21 | 0.00 | 0.00 | 4.01 | 6.93 |
| Revenue growth (YoY) | - | - | -63.8% | -82.5% | -100.0% | - | - | - |
| Other income | 0.00 | 0.13 | 0.00 | 0.16 | 0.11 | 0.11 | 0.53 | 0.62 |
| Total expenses | 0.85 | 2.58 | 1.22 | 1.18 | 0.07 | 0.07 | 4.24 | 7.25 |
| EBITDA | 0.06 | 1.48 | 0.23 | 0.03 | (0.07) | (0.07) | (0.23) | (0.32) |
| EBITDA margin | +6.6% | +36.5% | +15.9% | +2.5% | - | - | -5.7% | -4.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 1.34 | 0.00 | 0.01 | 0.01 | 0.04 | 0.28 | 0.27 |
| Profit before tax | 0.06 | 0.27 | 0.23 | 0.18 | 0.03 | 0.00 | 0.02 | 0.03 |
| Tax | 0.02 | 0.07 | 0.06 | 0.05 | 0.01 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.91 | 4.06 | 1.45 | 1.21 | 0.00 | 0.00 | 4.01 | 6.93 |
| Revenue growth (YoY) | - | - | -63.8% | -82.5% | -100.0% | - | - | - |
| Other income | 0.00 | 0.13 | 0.00 | 0.16 | 0.11 | 0.11 | 0.53 | 0.62 |
| Total expenses | 0.85 | 2.58 | 1.22 | 1.18 | 0.07 | 0.07 | 4.24 | 7.25 |
| EBITDA | 0.06 | 1.48 | 0.23 | 0.03 | (0.07) | (0.07) | (0.23) | (0.32) |
| EBITDA margin | +6.6% | +36.5% | +15.9% | +2.5% | - | - | -5.7% | -4.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 1.34 | 0.00 | 0.01 | 0.01 | 0.04 | 0.28 | 0.27 |
| Profit before tax | 0.06 | 0.27 | 0.23 | 0.18 | 0.03 | 0.00 | 0.02 | 0.03 |
| Tax | 0.02 | 0.07 | 0.06 | 0.05 | 0.01 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.72 | 17.07 | 27.90 | 12.74 | 0.00 | 0.00 | 0.01 |
| Revenue growth | -60.6% | -38.8% | +119.0% | - | - | -100.0% | - |
| Other income | 0.40 | 1.87 | 1.41 | 1.35 | 1.00 | 0.99 | 0.55 |
| Total expenses | 5.06 | 17.98 | 28.62 | 13.57 | 0.56 | 0.50 | 2.80 |
| Employee cost | 0.00 | 0.05 | 0.08 | 0.11 | 0.25 | 0.25 | 0.05 |
| EBITDA | 1.66 | (0.91) | (0.72) | (0.83) | (0.56) | (0.50) | (2.79) |
| EBITDA margin | +24.7% | -5.3% | -2.6% | -6.5% | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1.36 | 0.90 | 0.53 | 0.49 | 0.40 | 0.40 | 0.02 |
| Profit before tax | 0.70 | 0.06 | 0.16 | 0.03 | 0.04 | 0.09 | (2.26) |
| Tax | 0.18 | 0.02 | 0.04 | 0.01 | 0.02 | 0.02 | 0.04 |
| Net profit | 0.52 | 0.04 | 0.12 | 0.02 | 0.02 | 0.07 | 0.18 |
| Net profit margin | +7.7% | +0.2% | +0.4% | +0.2% | - | - | +1800.0% |
| EPS (₹) | 0.56 | 0.05 | 0.14 | 0.02 | 0.02 | 0.07 | (2.47) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 | 9.33 |
| Reserves & surplus | 2.22 | 1.69 | 1.64 | 1.50 | 1.48 | 1.45 | 1.39 |
| Shareholders' funds (net worth) | 11.55 | 11.02 | 10.97 | 10.83 | 10.81 | 10.78 | 10.72 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 22.55 | 12.69 | 17.98 | 13.10 | 16.53 | 15.36 | 14.99 |
| Assets | |||||||
| Gross block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4.99 | 0.79 | 0.61 | 0.19 | 0.00 | 0.13 | 0.13 |
| Cash & bank balances | 0.09 | 0.03 | 0.20 | 0.13 | 0.01 | 0.09 | 1.14 |
| Loans & advances | 1.20 | 0.75 | 0.57 | 0.62 | 0.20 | 0.08 | 0.00 |
| Total current assets | 6.28 | 1.57 | 1.38 | 0.94 | 0.21 | 0.30 | 1.27 |
| Total current liabilities | 16.02 | 13.29 | 14.71 | 7.99 | 1.11 | 0.91 | 0.91 |
| Net working capital | (9.74) | (11.72) | (13.33) | (7.05) | (0.90) | (0.61) | 0.36 |
| Total assets | 22.55 | 12.69 | 17.98 | 13.10 | 16.53 | 15.36 | 14.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.20 | 0.13 | 0.01 | 0.09 | 1.14 | 0.01 |
| Net cash from operating activities | (8.32) | (2.72) | 5.60 | 5.84 | (0.24) | (0.52) | (0.63) |
| Net cash from investing activities | 0.40 | 8.80 | (9.74) | (1.80) | (0.59) | (0.43) | (2.48) |
| Net cash from financing activities | 7.97 | (6.25) | 4.21 | (3.92) | 0.74 | (0.09) | 4.25 |
| Net change in cash | 0.06 | (0.17) | 0.07 | 0.12 | (0.09) | (1.04) | 1.13 |
| Closing cash | 0.09 | 0.03 | 0.20 | 0.13 | 0.01 | 0.09 | 1.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -60.6% | -38.8% | +119.0% | - | - | -100.0% | - |
| EBITDA growth | +282.4% | -26.4% | +13.3% | -48.2% | -12.0% | +82.1% | - |
| PBT growth | +1066.7% | -62.5% | +433.3% | -25.0% | -55.6% | +9998.0% | - |
| Net income growth | +1200.0% | -66.7% | +500.0% | 0.0% | -71.4% | -61.1% | - |
| Revenue CAGR (3Y) | -19.2% | - | - | +984.1% | -100.0% | -100.0% | -82.5% |
| EBITDA CAGR (3Y) | - | +17.6% | +12.9% | -33.2% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.7% | +0.2% | +0.4% | +0.2% | - | - | - |
| Return on capital employed | - | +6.3% | +4.5% | +3.4% | +2.7% | +3.2% | +1.9% |
| Return on net worth | - | +0.4% | +1.2% | +0.1% | +0.1% | +0.6% | +1.4% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 81.93 | -98.90 | -73.61 | -59.04 | -71.43 | -80.00 | -0.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 |
| Debtors turnover | - | 24.39 | 69.75 | 134.11 | 0.00 | 0.00 | 0.05 |
| EPS (₹) | 0.56 | 0.05 | 0.14 | 0.02 | 0.02 | 0.07 | (2.47) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 11.82 | 11.76 | 11.61 | 11.59 | 11.55 | 11.49 |
To see the full year-wise statements and ratios of Ganon Products Limited, buy the company report.
Board of directors of Ganon Products Limited
Ganon Products has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashmi Shailendra Shirsath Also directs: Hybite Foods LLP, Nutroot Naturals LLP | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Ravindra Haribhau Gopale | Whole-Time Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Anand Mahadevan Also directs: Maa Lakshmi Coal Carrier Private Limited | Director | 20 Mar 2025 | 1 Years 7 Months | Current |
| Abhijeet Kacharu Jagtap | Managing Director | 24 Jan 2025 | 1 Years 8 Months | Current |
| Tanmay Ashok Karwal | Director | 24 Jan 2025 | 1 Years 8 Months | Current |
Peer comparison
Ganon Products Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Agro Retail and Distribution, Materials Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adams Exim Private Limited | ₹18.96 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Gokul Proteins Private Limited | ₹18.95 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Omex Oils India Private Limited | ₹18.91 Cr (FY 2024) | 18.0% | Bangalore, Karnataka, India | |||
| Ganon Products Limitedthis company | ₹6.72 Cr (FY 2026) | ₹52 Lakh | 7.7% | -60.6% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ganon Products Limited, buy the company report.
Auditor
Ganon Products Limited is audited by R V Luharuka & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R V Luharuka & CO LLP | FY 2023 | 105662W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 12.20% | 18.40% | 25.20% |
| Public | 100.00% | 87.80% | 81.60% | 74.80% |
Deals & funding
Ganon Products Limited has 158 deals on record (158 market trades); the latest was in September 2026.
Deals on record (5 of 158)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹13.1 Lakh | Buyer: Dhan Creators And Investments Seller: MLB Stock Broking Private Limited , Dhan Creators And Investments |
| Jun 2026 | Market trade | ₹15.7 Lakh | Buyer: Total Holdings And Finvest Private Limited Seller: Kamla Business Ventures Private Limited |
| May 2026 | Market trade | ₹15.9 Lakh | Seller: Osiajee Texfab Limited |
| Apr 2026 | Market trade | ₹24.4 Lakh | Buyer: MLB Stock Broking Private Limited , an individual Seller: Osiajee Texfab Limited |
| Apr 2026 | Market trade | ₹30.9 Lakh | Buyer: Dhan Creators And Investments, Akshat Investment Seller: Osiajee Texfab Limited , an individual |
To see the full deal history of Ganon Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ganon Products Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
To see the full case history of Ganon Products Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ganon Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ganon Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG2023N1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ganon Products Limited, buy the company report.
Recent activity
Ganon Products Limited has 22 board changes on record since 2011: 5 appointments and 17 cessations. The latest: Rashmi Shailendra Shirsath was appointed as Director on 03 Sep 2025.
13 earlier events are in the company report.
Frequently asked questions
Ganon Products is an active public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 02 July 1985 (41+ years old) and is registered under CIN L68200MH1985PLC036708. Listed on BSE: 512443.
Ganon Products reported revenue of ₹6.72 Cr for FY 2025-26 (down 60.6% YoY) based on standalone financials.
Ganon Products has 5 current directors:
- Abhijeet Kacharu Jagtap - Managing Director
- Ravindra Haribhau Gopale - Whole-Time Director
- Rashmi Shailendra Shirsath - Director
- Anand Mahadevan - Director
- Tanmay Ashok Karwal - Director
The latest financial statements of Ganon Products on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ganon Products is 27AAACG2023N1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ganon Products is L68200MH1985PLC036708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ganon Products is a listed company as per MCA records. Its shares are listed on BSE (code: 512443).
Ganon Products has 1 court case on record: 1 filed against it. 1 is pending.
Ganon Products was incorporated on 02 July 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Ganon Products has 158 deals on record (158 market trades); the latest was in September 2026.
The peers of Ganon Products by revenue are Adams Exim Private Limited, Gokul Proteins Private Limited, Omex Oils India Private Limited, all in the Metals and Minerals industry (Agro Retail and Distribution, Materials Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading).