About Mitra Sprayer
Mitra Sprayer is an Agriculture company based in Nashik (India) founded in 2012 by Jaspinder Singh Bajaj, Jagpreet Pabla, and Devneet Bajaj, and was acquired by Mahindrafarmequipment in March 2023. Pesticide spraying robots are provided for Indian horticulture farmers. It operates on a Direct-to-Consumer (D2C) and AgriTech Models model. Mitra Sprayer has raised $6.75 million across 6 funding rounds from investors including Mahindra, Unilazer Ventures and Omnivore. The company has 240 employees. Mitra Sprayer was last valued at $4.82 million in February 2018. Its chief executive, as recorded, is Devneet Bajaj. Its Indian entity M.I.T.R.A. Agro Equipments Private Limited reported revenue of ₹111 Cr. Mitra Sprayer offers products and services including Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster. Its focus areas include Agricultural Machinery and Sprayers and Equipment.
Company details
Agricultural spraying machines are developed by Mitra Sprayer for farmers growing horticulture crops such as grapes, pomegranates, oranges, and mangoes. Solutions are provided in the form of tractor-mounted and trailed sprayers, air blast sprayers, and dusters, catering to orchard and vineyard needs. The focus is placed on crop protection through uniform chemical coverage, labor and time-saving designs, and chemical efficiency. The sector primarily served is agriculture, with an emphasis on modern crop protection equipment in India and globally.
- Headquarters Nashik, India
- Employees 240
- Founders Jaspinder Singh Bajaj, Jagpreet Pabla, Devneet Bajaj
- Stage Acquired
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website mitraweb.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Mahindrafarmequipment (Mar 2023)
- Legal Name M.I.T.R.A. Agro Equipments Pvt. Ltd.
- Date of Incorporation 17 Apr, 2012
- Jurisdiction Nashik, Maharashtra, India
- Annual Revenue₹111 Cr
FY 2026 · +74% YoY
- Net Profit₹15.73 Cr
FY 2026 · 14% margin
- EBITDA₹23.30 Cr
FY 2026 · 21% margin
- Total Equity Funding$6.75M (USD)
in 6 rounds
- Latest Funding Round$1.25M (USD), Seed
Feb 2018
- InvestorsMahindra
& 6 more
- Employee Count240
- Acquired byMahindrafarmequipment
(Mar 2023)
Associated legal entities of Mitra Sprayer
Mitra Sprayer operates through M.I.T.R.A. Agro Equipments Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| M.I.T.R.A. Agro Equipments Private Limited CIN U29253MH2012PTC330338 | Active | 17 Apr 2012 | Nashik, Maharashtra | ₹111 Cr | 322 | 4 | View details |
Products & Services of Mitra Sprayer
Mitra Sprayer offers a comprehensive portfolio of products and services, including Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster.
Air blast sprayer used for multi-purpose crop applications.
Tractor-mounted sprayer designed for vineyard crop protection.
High air output sprayer for tall tree spraying.
Tractor-linked sprayer used for broad crop coverage.
Tractor-mounted duster used for grape orchard dusting.
Apps and channels of Mitra Sprayer
its YouTube channel MITRA Sprayer has 000 subscribers and 30 videos.
Videos from Mitra Sprayer
The most watched videos on Mitra Sprayer's YouTube channel, MITRA Sprayer (000 subscribers). Click a video to play it here.
More on MITRA Sprayer.
Funding Insights of Mitra Sprayer
Mitra Sprayer has successfully raised a total of $6.75M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1.25 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.75M
- Total Rounds 6
- Last Round Seed — $1.25M
- First Round $287,331
(Oct 2012)
- Investors Count 6
All 6 funding rounds of Mitra Sprayer with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $1.25M | Seed | $4.82M | Mahindra | – |
| Mar 2016 | $1.49M | Seed | – | Omnivore | – |
| Feb 2015 | $2.57M | Seed | $14.01M | Omnivore | – |
| Feb 2014 | $1.13M | Seed | $••••• | Omnivore | – |
| Jan 2014 | $24,108 | Seed | $••••• | Unilazer Ventures | – |
| Oct 2012 | $287,331 | Seed | $••••• | Unilazer Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2018 | $4.82M | •••••••• |
| Feb 2015 | $14.01M | •••••••• |
| Feb 2014 | $••••• | •••••••• |
| Jan 2014 | $••••• | •••••••• |
| Oct 2012 | $••••• | •••••••• |
Full valuation and stage history of Mitra Sprayer
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $4.82M (Feb 2018). 7 investors in total: 4 institutional and 3 angel.
Investors in Mitra Sprayer
Mitra Sprayer has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mahindra, Unilazer Ventures and Omnivore.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Agritech startups are funded by Omnivore, a venture capital entity. | omnivore.vc | Mumbai, India | ||
Early- and late-stage investments are managed by Unilazer Ventures. | 1991 | unilazer.com | Mumbai, India | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | mahindra.com | Mumbai, India | |
BV Benedikt Von Schoeler | German angel investor in Indian startups, focused on tech and innovation. | unknown_c1dd115176c14d509 | ||
PH Paulina Hatta | unknown_cd957c2215484ef59 | |||
DY Dharmendra Yashovardhan | Angel investor and entrepreneur, founder of BigHaat, focused on agritech | unknown_66ee3a6a9c604c7fb | ||
Mahindra Farm Equipment is engaged in providing farm mechanization solutions globally. | mahindrafarmequipment.com | India |
Investor details for Mitra Sprayer
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of M.I.T.R.A. Agro Equipments Private Limited (Mitra Sprayer)
M.I.T.R.A. Agro Equipments Private Limited is the primary company behind Mitra Sprayer. The board of M.I.T.R.A. Agro Equipments Private Limited currently have 3 directors; the longest-serving is Ami Goda, appointed in 2023. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ami Goda DIN 09136149 | Director | 17 Mar 2023 | 3 yrs 7 mo | M.I.T.R.A. Agro Equipments Private Limited |
| Kairas Jehangir Vakharia DIN 00039113 | Director | 17 Mar 2023 | 3 yrs 7 mo | M.I.T.R.A. Agro Equipments Private Limited |
| Kothandaraman Anusha DIN 08679344 | Additional Director | 14 Jul 2025 | 1 yr 4 mo | M.I.T.R.A. Agro Equipments Private Limited |
People of Mitra Sprayer
3 people are tracked at Mitra Sprayer (3 in leadership); the tracked headcount is 240.
| Name | Role | Group |
|---|---|---|
Jaspinder Singh Bajaj | Founder | Leadership |
Jagpreet Pabla | Co-Founder | Leadership |
| Founder & CEO | Leadership |
Complete people profiles for Mitra Sprayer
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Mitra Sprayer
Figures of M.I.T.R.A. Agro Equipments Private Limited, the primary company behind Mitra Sprayer, for FY 2026. Revenue was ₹111 Cr (+74% year on year). Net profit was ₹15.73 Cr (14% margin). EBITDA was ₹23.30 Cr (21% margin). Revenue has grown at a compounded annual rate of +26% over three years and +28% over five years.
- ₹111 CrRevenue · FY 2026 · +74% YoY
- ₹15.73 CrNet profit · 14% margin
- ₹23.30 CrEBITDA · 21% margin
- ₹26.3 LakhPaid-up capital
- 322Employees (provident fund records)
- +26%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of M.I.T.R.A. Agro Equipments Private Limited are on its company page.
Detailed financial statements for Mitra Sprayer
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mitra Sprayer
5 dated milestones of Mitra Sprayer across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Mitra Sprayer is founded.
- Funding First funding round of $287K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.2M.
- Exit Acquired by Mahindrafarmequipment.
Web traffic of Mitra Sprayer
The website of Mitra Sprayer (mitraweb.in) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 142.9% vs previous month
Websites whose visitors overlap most with Mitra Sprayer. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
khetiindia.com | khetiindia.com | 100% | – | ||
isae.in | isae.in | 87% | #2,042,682 | – | |
| happyharvestfarms.com | 87% | 2.8K | #6,437,307 | View details | |
| kisaanmitrr.in | 87% | 19.1K | #2,196,092 | View details |
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Mitra Sprayer (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | USD 679.04 M | 2,764 | ||
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 104.54 M | 1,456 |
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Related news about Mitra Sprayer
Complete news archive for Mitra Sprayer
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Frequently Asked Questions about Mitra Sprayer
Mitra Sprayer was founded in 2012.
Mitra Sprayer is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Devneet Bajaj is the CEO of Mitra Sprayer, as recorded in our data. They have also founded this company.
Mitra Sprayer is a funded company, having raised a total of $6.75M across 6 funding rounds to date. The company's 1st funding round was a Seed of $287.33K, raised on Oct 2012.
Mitra Sprayer has 240 employees.
The primary company behind Mitra Sprayer, M.I.T.R.A. Agro Equipments Private Limited, reported revenue of ₹111 Cr for FY 2026, up 74% year on year.
Agricultural spraying machines are developed by Mitra Sprayer for farmers growing horticulture crops such as grapes, pomegranates, oranges, and mangoes. Solutions are provided in the form of tractor-mounted and trailed sprayers, air blast sprayers, and dusters, catering to orchard and vineyard needs. The focus is placed on crop protection through uniform chemical coverage, labor and time-saving designs, and chemical efficiency. The sector primarily served is agriculture, with an emphasis on modern crop protection equipment in India and globally.
Mitra Sprayer offers Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster.
Mitra Sprayer has 7 investors. Key investors include Mahindra, Unilazer Ventures, Omnivore, Benedikt Von Schoeler, and Paulina Hatta.
The valuation of Mitra Sprayer is $4.82M as of Feb 2018.
Mitra Sprayer operates through M.I.T.R.A. Agro Equipments Private Limited.
Yes. Mitra Sprayer was acquired by Mahindrafarmequipment in March 2023.