About Belgaum Sugars Private Limited
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Belgaum Sugars Private Limited is a private limited company based in Gokak, Karnataka, India, a subsidiary of Satish Sugars Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 26 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15117KA2007PTC044215. Its GSTIN is 29AAMCS6327F1Z0 (Karnataka).
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹54.27 Cr. It was formerly known as Satish Ethanol Private Limited. It is led by directors including Priyanka Satish Jarkiholi (Managing Director) and Shakuntala Devi Satish Jarkiholi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hill Garden Anna Road, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2025, the company reported a revenue of ₹659.7 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹7.41 Cr (net margin 1.1%) and EBITDA of ₹83.44 Cr (EBITDA margin 12.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
The company has about 658 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹630.13 Cr and satisfied charges of ₹251.4 Cr on record. Court records list 14 cases involving the company, including 13 filed by the company and 1 filed against it; 5 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in April 2022. Its 8 peer companies in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Saraswati Sugar Mills Limited with revenue of ₹749.24 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 satishsugars.com.
Company details
Contact details
Belgaum Sugars Private Limited's registered office is in Gokak, Karnataka. Its website is satishsugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHill Garden Anna Road, Gokak, Karnataka, India – 591307
- IndustryAgriculture, Sugar Processing
To see the full contact details of Belgaum Sugars 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
Business activity
The main business activities of Belgaum Sugars are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Belgaum Sugars Private Limited, buy the company report.
Financials of Belgaum Sugars Private Limited
FY 2025 filings availableBelgaum Sugars Private Limited reported revenue of ₹659.7 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over three years, including 32% growth in the latest year. EBITDA rose 24% 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 | ₹83.44 Cr | ||||
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| Net Profit (PAT) | ₹7.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 12.6% | ||||
| Net Profit Margin | 1.1% | ||||
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To see the full financial statements and ratios of Belgaum Sugars Private Limited, buy the company report.
Board of directors of Belgaum Sugars Private Limited
Belgaum Sugars has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Kumar Manohar Indi Also directs: Yaragatti Sugars Private Limited, Belgaum Steel Works Private Limited, Western Ghats Infra Limited and 2 more | Director | 07 Nov 2015 | 11 Years 0 Months | Current |
| Premalata Veeresh Dodamani Also directs: Satish Sugars Limited | Director | 17 Nov 2015 | 10 Years 11 Months | Current |
| Vithal Rudrappa Parasannavar Also directs: Yaragatti Sugars Private Limited, Belgaum Steel Works Private Limited, Satish Industrial Park Private Limited and 2 more | Director | 26 Oct 2007 | 19 Years 0 Months | Current |
| Priyanka Satish Jarkiholi Also directs: Yaragatti Sugars Private Limited, Western Ghats Infra Limited, Satish Sugars Limited and 1 more | Managing Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Shakuntala Devi Satish Jarkiholi | Whole-Time Director | 30 Sep 2016 | 10 Years 1 Months | Current |
| Rahul Satish Jarkiholi Also directs: Yaragatti Sugars Private Limited, Belgaum Steel Works Private Limited, Satish Sugars Limited and 1 more | Director | 29 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Belgaum Sugars Private Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (Sugar), 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 |
|---|---|---|---|---|---|---|
| Saraswati Sugar Mills Limited | ₹749.24 Cr (FY 2025) | -9.0% | Haryana, India | |||
| Shri Sai Priya Sugars Limited | ₹736.57 Cr (FY 2022) | 10.0% | Bagalkot, Karnataka, India | |||
| Tikaula Sugar Mills Limited | ₹726.65 Cr (FY 2025) | -11.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| K M Sugar Mills Limited | ₹666.38 Cr (FY 2025) | 0.0% | Lucknow, Uttar Pradesh, India | |||
| Belgaum Sugars Private Limitedthis company | ₹659.7 Cr (FY 2025) | ₹7.41 Cr | 1.1% | 32.0% | 658 | Gokak, Karnataka, India |
| Sri Chamundeswari Sugars Limited | ₹633.11 Cr (FY 2024) | 1.0% | Bangalore, Karnataka, India | |||
| Sbec Sugar Limited | ₹631.01 Cr (FY 2025) | -4.0% | Uttar Pradesh, India | |||
| SNJ Sugars and Products Limited | ₹624.92 Cr (FY 2025) | -37.0% | Andhra Pradesh, India | |||
| Bilagi Sugar Mill Limited | ₹598.97 Cr (FY 2025) | 26.0% | Bagalkot, Karnataka, India |
To see the full peer comparison of Belgaum Sugars Private Limited, buy the company report.
Auditor
Belgaum Sugars Private Limited is audited by U. G. AMMANGI & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U. G. AMMANGI & Co. | FY 2023 | 000104S |
Shareholding
The shareholding of Belgaum Sugars 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 Belgaum Sugars Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2025 | 101112943 | Bank of India | ₹25 Cr | Open | |
| 28 Mar 2025 | 101093443 | Others | ₹15.3 Cr | Open | |
| 18 Mar 2025 | 101069143 | Others | ₹3 Cr | Open | |
| 18 Apr 2024 | 100916809 | Indian Bank | ₹20.38 Lakh | Open | |
| 18 Apr 2024 | 100916803 | Indian Bank | ₹20.38 Lakh | Open |
To see the full charge records of Belgaum Sugars Private Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Belgaum Sugars Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in April 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Rights issue | ₹42 Cr | Investors: Satish Sugars Limited |
| Apr 2016 | Funding round | ₹20.5 Cr | Investors: Satish Sugars Limited |
| Nov 2015 | Rights issue | ₹15.5 Cr | Investors: Satish Sugars Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Belgaum Sugars Private Limited has 14 court cases on record: 13 filed by Belgaum Sugars, 1 filed against it. 5 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 0 | 5 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Hubli Electricity Supply Company Limited and 2 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Electricity Regulatory Commission, | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Union of India | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Union of India | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against The State of Karnataka and 3 others | Pending |
To see the full case history of Belgaum Sugars Private 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 Belgaum Sugars Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Belgaum Sugars Private Limited has a workforce of 658 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Belgaum Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS6327F1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Belgaum Sugars Private Limited, buy the company report.
Recent activity
Belgaum Sugars Private Limited has 13 board changes on record since 2007: 7 appointments and 6 cessations. The latest: Anand Patil ceased to be Director on 02 May 2024.
68 earlier events are in the company report.
Frequently asked questions
Belgaum Sugars is an active private limited company based in Gokak, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 26 October 2007 (19+ years old) and is registered under CIN U15117KA2007PTC044215.
Belgaum Sugars has 7 current directors:
- Priyanka Satish Jarkiholi - Managing Director
- Shakuntala Devi Satish Jarkiholi - Whole-Time Director
- Pradeep Kumar Manohar Indi - Director
- Premalata Veeresh Dodamani - Director
- Vithal Rudrappa Parasannavar - Director
- Rahul Satish Jarkiholi - Director
- Anand Patil - Director
The latest financial statements of Belgaum Sugars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Belgaum Sugars is 29AAMCS6327F1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Belgaum Sugars is U15117KA2007PTC044215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Belgaum Sugars has 14 court cases on record: 13 filed by the company and 1 filed against it. 5 are pending. Most are in the high courts.
Belgaum Sugars was incorporated on 26 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Belgaum Sugars has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹20.5 Cr; the latest was in April 2022.
The peers of Belgaum Sugars by revenue are Saraswati Sugar Mills Limited, Shri Sai Priya Sugars Limited, Tikaula Sugar Mills Limited, K M Sugar Mills Limited, Sri Chamundeswari Sugars Limited and 3 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Anand Patil ceased to be Director on 02 May 2024. Rahul Satish Jarkiholi was appointed as Director on 29 Sep 2023. Rahul Satish Jarkiholi ceased to be Additional Director on 12 Nov 2021. Belgaum Sugars has 13 board changes on record in total.
Belgaum Sugars can be reached through the website satishsugars.com. Its registered office is in Gokak, Karnataka, India.
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