Ashti Sugar Limited
About Ashti Sugar Limited
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Ashti Sugar Limited is a public limited company based in Pune, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 15 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15424PN1998PLC013128. Its GSTIN is 27AAICA2807N1ZG (Maharashtra).
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹10.96 Cr. It was formerly known as Audambarraoji Patil Sakhar Karkhana Limited and Gopal Krishna Sakhar Karkhana Limited. It is led by directors including Suyog Raviraj Gaikwad (Managing Director) and Sunil Tukaram Zambare.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No. 8 Platinum Tower 11th Floor Survey No 28 Hissa No. 3/1, Old Mundhwa Road Kharadi Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.15 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹1.29 Cr (net margin 1.6%) and EBITDA of ₹9.46 Cr (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company has about 421 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹407.63 Cr and satisfied charges of ₹305.28 Cr on record. Court records list 36 cases involving the company, including 19 filed by the company and 17 filed against it; 28 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ashti Sugar has undergone 2 name changes throughout its history. The company was previously known as Audambarraoji Patil Sakhar Karkhana Limited, and Gopal Krishna Sakhar Karkhana Limited. The current legal name is Ashti Sugar Limited.
| Company Name | Status |
|---|---|
| Ashti Sugar Limited | Current |
| Audambarraoji Patil Sakhar Karkhana Limited | Previous |
| Gopal Krishna Sakhar Karkhana Limited | Previous |
CIN history
Ashti Sugar has one previous CIN (Corporate Identification Number): L15424PN1998PLC013128. The current CIN is U15424PN1998PLC013128, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15424PN1998PLC013128 | Current |
| L15424PN1998PLC013128 | Previous |
Contact details
Ashti Sugar Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 8 Platinum Tower 11th Floor Survey No 28 Hissa No. 3/1, Old Mundhwa Road Kharadi Pune, Maharashtra, India – 411014
- IndustryAgriculture, Sugar Processing
To see the full contact details of Ashti Sugar 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
Business activity
The main business activity of Ashti Sugar is manufacturing. In detail, this covers manufacture of food products and other manufacturing. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products | |
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Ashti Sugar Limited, buy the company report.
Financials of Ashti Sugar Limited
FY 2025 filings availableAshti Sugar Limited reported revenue of ₹81.15 Cr (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over three years, including a 33% fall in the latest year. EBITDA fell 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹9.46 Cr | ||||
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| Net Profit (PAT) | ₹1.29 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Ashti Sugar Limited, buy the company report.
Board of directors of Ashti Sugar Limited
Ashti Sugar has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Tukaram Zambare | Director | 28 Feb 2011 | 15 Years 7 Months | Current |
| Bhagyashree Harshvardhan Patil Also directs: Indreshwar Sugar Mills Limited, Rajvardhan Sugar Mills Limited, Shripad Investments & Holdings Private Limited and 2 more | Director | 28 Feb 2011 | 15 Years 7 Months | Current |
| Rajlaxmi Raviraj Gaikwad Also directs: Suyograj Developers LLP, Globriddge International Private Limited, Jyotirgamay Energy Private Limited and 1 more | Director | 21 Oct 2024 | 2 Years 0 Months | Current |
| Shivaji Bajirao Kalunge | Director | 21 Oct 2024 | 2 Years 0 Months | Current |
| Suyog Raviraj Gaikwad Also directs: Suyograj Developers LLP, Globriddge International Private Limited, Kalunge Industries and Agro LLP and 1 more | Managing Director | 21 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Ashti Sugar Limited is audited by A S Deshmukh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S Deshmukh & Associates | FY 2023 | 144623W |
Shareholding
The shareholding of Ashti Sugar 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashti Sugar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101157336 | Others | ₹40 Cr | Open | |
| 13 Aug 2025 | 101150565 | Others | ₹40.71 Cr | Open | |
| 25 Mar 2025 | 101084483 | Others | ₹126.92 Cr | Open | |
| 07 Mar 2025 | 101084485 | The Pandharpur Urban Co-Op. Bank Ltd. | ₹15 Cr | Open | |
| 04 Oct 2024 | 101003055 | Others | ₹100 Cr | Open |
To see the full charge records of Ashti Sugar Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Ashti Sugar Limited has 36 court cases on record: 19 filed by Ashti Sugar, 17 filed against it. 28 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 17 | 27 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Avanti Finance Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Avanti Finance Private Limited | Disposed |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by State Bank of India | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by State Bank of India | Pending |
To see the full case history of Ashti Sugar 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 Ashti Sugar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashti Sugar Limited has a workforce of 421 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Ashti Sugar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA2807N1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashti Sugar Limited, buy the company report.
Recent activity
Ashti Sugar Limited has 43 board changes on record since 1998: 24 appointments and 19 cessations. The latest: Ankita Harshvardhan Patil ceased to be Managing Director on 21 Oct 2024.
60 earlier events are in the company report.
Frequently asked questions
Ashti Sugar is an active public limited company based in Pune, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 15 December 1998 (28+ years old) and is registered under CIN U15424PN1998PLC013128.
Ashti Sugar has 5 current directors:
- Suyog Raviraj Gaikwad - Managing Director
- Sunil Tukaram Zambare - Director
- Bhagyashree Harshvardhan Patil - Director
- Rajlaxmi Raviraj Gaikwad - Director
- Shivaji Bajirao Kalunge - Director
The latest financial statements of Ashti Sugar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashti Sugar is 27AAICA2807N1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashti Sugar is U15424PN1998PLC013128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashti Sugar has 36 court cases on record: 19 filed by the company and 17 filed against it. 28 are pending. Most are in the district courts.
Ashti Sugar was incorporated on 15 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Pune.
Ankita Harshvardhan Patil ceased to be Managing Director on 21 Oct 2024. Rajlaxmi Raviraj Gaikwad was appointed as Director on 21 Oct 2024. Shivaji Bajirao Kalunge was appointed as Director on 21 Oct 2024. Ashti Sugar has 43 board changes on record in total.
The registered office of Ashti Sugar is at Office No. 8 Platinum Tower 11th Floor Survey No 28 Hissa No. 31, Old Mundhwa Road Kharadi Pune, Maharashtra, India – 411014.
Ashti Sugar operates in the agriculture industry, in the sugar processing segment.