About Agave Industries (India) Private Limited
Data last updated:
Agave Industries (India) Private Limited is a private limited company based in Madgaon, Goa, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 22 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U01403GA2007PTC007457. Its GSTIN is 30AAGCA5015J1Z5 (Goa). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹7.63 Cr. It was formerly known as Agave Industries (India) Limited. It is led by directors including Desmond Nazareth (Managing Director) and Anand Pai Ganapathi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No C – 4 1st Floor Kartik Enclave Borda, Madgaon, Goa, India – 403602.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.54 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹3.38 Cr (net margin 29.3%) and EBITDA of ₹3.78 Cr (EBITDA margin 32.8%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 15% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: DesmondJi. As per MCA filings, the company has open charges of ₹6.11 Cr on record. The company has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹15.76 Cr; the latest was in March 2021. Its 7 peer companies in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 4 smaller; the largest is Anand Distilleries Private Limited with revenue of ₹12.39 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 desmondji.com.
Company details
CIN history
Agave Industries (India) has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U01403GA2007PTC007457, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01403GA2007PTC007457 | Current |
| U01403GA2007PLC007457 | Previous |
| U01403MH2007PLC173350 | Previous |
| U01403MH2007PTC173350 | Previous |
Contact details
Agave Industries (India) Private Limited's registered office is in Madgaon, Goa. Its website is desmondji.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No C – 4 1st Floor Kartik Enclave Borda, Madgaon, Goa, India – 403602
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Agave Industries (India) Private 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
Agave Industries (India) operates one associated brand: DesmondJi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category craft alcoholic beverages are produced and offered by DesmondJi. | desmondji.com |
Business activity
The main business activity of Agave Industries (India) is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Agave Industries (India) Private Limited, buy the company report.
Financials of Agave Industries (India) Private Limited
FY 2024 filings availableAgave Industries (India) Private Limited reported revenue of ₹11.54 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 44% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.8% | ||||
| Net Profit Margin | 29.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Agave Industries (India) Private Limited, buy the company report.
Board of directors of Agave Industries (India) Private Limited
Agave Industries (India) has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Pai Ganapathi Also directs: Konkan Speciality Polyproducts Private Limited, Karkala Investments Private Limited, Alkananda Printers Private Limited and 5 more | Director | 16 Oct 2019 | 7 Years 0 Months | Current |
| Desmond Nazareth | Managing Director | 19 Feb 2009 | 17 Years 8 Months | Current |
| Conrad Miguel Braganza Also directs: Agave Agro (India) Private Limited | Director | 17 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Agave Industries (India) Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anand Distilleries Private Limited | ₹12.39 Cr (FY 2024) | -32.0% | Amravati, Maharashtra, India | |||
| Seven Peaks Winery Private Limited | ₹12.23 Cr (FY 2025) | -5.0% | Nashik, Maharashtra, India | |||
| Dynamic C.S. Bottling Private Limited | ₹11.64 Cr (FY 2024) | 16.0% | Ethelbari, West Bengal, India | |||
| Agave Industries (India) Private Limitedthis company | ₹11.54 Cr (FY 2024) | ₹3.38 Cr | 29.3% | -19.0% | 20 | Madgaon, Goa, India |
| Unibev Limited | ₹11.37 Cr (FY 2021) | -12.0% | New Delhi, Delhi, India | |||
| Mohini Wineries Limited | ₹11.3 Cr (FY 2024) | 8.0% | Solapur, Maharashtra, India | |||
| Liquors India Ltd | ₹10.88 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| Galestorm Distillery Private Limited | ₹10.56 Cr (FY 2025) | 38.0% | Mapusa, Goa, India |
To see the full peer comparison of Agave Industries (India) Private Limited, buy the company report.
Auditor
Agave Industries (India) Private Limited is audited by R K PIKALE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K PIKALE & CO | FY 2023 | 107919W |
Shareholding
The shareholding of Agave Industries (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Agave Industries (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2023 | 100785946 | Hdfc Bank Limited | ₹6.11 Cr | Open |
To see the full charge records of Agave Industries (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Agave Industries (India) Private Limited has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹15.76 Cr; the latest was in March 2021.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2020 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Town Essentials Private Limited |
| Sep 2014 | Funding round | ₹5.03 Cr | Investors: Pda Trade Fairs Private Limited , Bharath Realty Developers Private Limited , 2 individuals |
To see the full deal history of Agave Industries (India) Private 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
No court or tribunal cases involving Agave Industries (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Agave Industries (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Agave Industries (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Agave Agro (India) Private Limited | U01119TG2008PTC057469 |
To see the full group structure of Agave Industries (India) Private Limited, buy the company report.
Employees & EPFO
Agave Industries (India) Private Limited has a workforce of 20 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Agave Industries (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAGCA5015J1Z5 | Goa | Active | 01 Jul 2017 |
| 37AAGCA5015J1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Agave Industries (India) Private Limited, buy the company report.
Recent activity
Agave Industries (India) Private Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Conrad Miguel Braganza was appointed as Director on 17 Mar 2025.
3 earlier events are in the company report.
Frequently asked questions
Agave Industries (India) is an active private limited company based in Madgaon, Goa, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 22 August 2007 (19+ years old) and is registered under CIN U01403GA2007PTC007457.
Agave Industries (India) has 3 current directors:
- Desmond Nazareth - Managing Director
- Anand Pai Ganapathi - Director
- Conrad Miguel Braganza - Director
The latest financial statements of Agave Industries (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Agave Industries (India) is 30AAGCA5015J1Z5, registered in Goa. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 37AAGCA5015J1ZR (Andhra Pradesh).
The CIN (Corporate Identification Number) of Agave Industries (India) is U01403GA2007PTC007457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agave Industries (India) was incorporated on 22 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Goa.
Agave Industries (India) has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹15.76 Cr; the latest was in March 2021.
The peers of Agave Industries (India) by revenue are Anand Distilleries Private Limited, Seven Peaks Winery Private Limited, Dynamic C.S. Bottling Private Limited, Unibev Limited, Mohini Wineries Limited and 2 more, all in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Conrad Miguel Braganza was appointed as Director on 17 Mar 2025. Shrikant Jayawant Patil ceased to be Director on 24 Feb 2023. Anand Pai Ganapathi was appointed as Director on 16 Oct 2019. Agave Industries (India) has 10 board changes on record in total.
Agave Industries (India) can be reached through the website desmondji.com. Its registered office is in Madgaon, Goa, India.
The registered office of Agave Industries (India) is at Flat No C – 4 1st Floor Kartik Enclave Borda, Madgaon, Goa, India – 403602.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
