Bhimashankar Sugar Mills Private Limited
About Bhimashankar Sugar Mills Private Limited
Data last updated:
Bhimashankar Sugar Mills Private Limited is a private limited company based in Usmanabad, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 16 June 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15422MH2000PTC127208. Its GSTIN is 27AABCB6262D1ZY (Maharashtra).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.47 Cr. It was formerly known as Bhimashankar Sugar Mills Limited. It is led by directors including Nitin Satish Lodha (Managing Director) and Ganesh Vasant Mitkari.
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 Village Pargaontal Washi, Usmanabad, Maharashtra, India – 413526.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.9 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹9.13 Lakh (net margin 0.4%) and EBITDA of ₹1.97 Cr (EBITDA margin 7.9%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 3% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹47 Cr on record. Court records list 81 cases involving the company, including 73 filed by the company and 8 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Bhimashankar Sugar Mills has one previous CIN (Corporate Identification Number): U15422MH2000PLC127208. The current CIN is U15422MH2000PTC127208, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15422MH2000PTC127208 | Current |
| U15422MH2000PLC127208 | Previous |
Contact details
Bhimashankar Sugar Mills Private Limited's registered office is in Usmanabad, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Pargaontal Washi, Usmanabad, Maharashtra, India – 413526
- IndustryAgriculture, Sugar Processing
To see the full contact details of Bhimashankar Sugar Mills 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 activity of Bhimashankar Sugar Mills 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 Bhimashankar Sugar Mills Private Limited, buy the company report.
Financials of Bhimashankar Sugar Mills Private Limited
FY 2024 filings availableBhimashankar Sugar Mills Private Limited reported revenue of ₹24.9 Cr (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 6% fall in the latest year. EBITDA rose 78% 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 |
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| Total Expenses | |||||
| EBITDA | ₹1.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.13 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Bhimashankar Sugar Mills Private Limited, buy the company report.
Board of directors of Bhimashankar Sugar Mills Private Limited
Bhimashankar Sugar Mills has 8 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Vasant Mitkari | Director | 18 Feb 2022 | 4 Years 8 Months | Current |
| Dattatraya Narhari Khawale | Director | 01 Dec 2009 | 16 Years 10 Months | Current |
| Nitin Satish Lodha Also directs: Mahalaxmi Refineries Private Limited | Managing Director | 19 Jul 2014 | 12 Years 3 Months | Current |
| Tarachand Pannalal Dungarwal | Director | 01 Dec 2009 | 16 Years 10 Months | Current |
| Popat Sukhdev Mote | Director | 30 Sep 2004 | 22 Years 1 Months | Current |
| Baburao Rameshwar Mitkari | Director | 01 Dec 2009 | 16 Years 10 Months | Current |
Peer comparison
Bhimashankar Sugar Mills Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Bharati Sugars & Fuels Private Limited | ₹26.47 Cr (FY 2024) | Miraj, Maharashtra, India | ||||
| Krushiraj Sugar Limited | ₹25.02 Cr (FY 2023) | 16.0% | Solapur, Maharashtra, India | |||
| Bhimashankar Sugar Mills Private Limitedthis company | ₹24.9 Cr (FY 2024) | ₹9.13 Lakh | 0.4% | -6.0% | 33 | Usmanabad, Maharashtra, India |
| S. J. Sugar Distillery & Power Private Limited | ₹24.38 Cr (FY 2023) | 1006.0% | Mumbai, Maharashtra, India | |||
| Baghauli Sugar and Distillery Limited | ₹24.18 Cr (FY 2024) | 40200.0% | Lalgudi, Tamil Nadu, India |
To see the full peer comparison of Bhimashankar Sugar Mills Private Limited, buy the company report.
Auditor
Bhimashankar Sugar Mills Private Limited is audited by S H KOCHETA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S H KOCHETA & ASSOCIATES | FY 2023 | 105260W |
Shareholding
The shareholding of Bhimashankar Sugar Mills Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhimashankar Sugar Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2023 | 100785925 | Others | ₹15 Cr | Open | |
| 21 Nov 2022 | 100655696 | Others | ₹19 Cr | Satisfied | |
| 08 Feb 2021 | 100421646 | Others | ₹5 Cr | Satisfied | |
| 24 Nov 2020 | 100399725 | Others | ₹10 Cr | Satisfied | |
| 13 Mar 2019 | 100245709 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Bhimashankar Sugar Mills Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Bhimashankar Sugar Mills Private Limited has 81 court cases on record: 73 filed by Bhimashankar Sugar Mills, 8 filed against it. 10 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 77 | 8 | 9 |
| High courts | 4 | 0 | 1 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Beed, Maharashtra | Court case (MACP. Dkst.) | Filed against the company by an individual | Pending |
| District court, Beed, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against individuals | Pending |
| District court, Beed, Maharashtra | Court case (Reg Dkst) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Registrar of Companies | Pending |
| District court, Beed, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Bhimashankar Sugar Mills 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 Bhimashankar Sugar Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhimashankar Sugar Mills Private Limited has a workforce of 33 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Bhimashankar Sugar Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB6262D1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhimashankar Sugar Mills Private Limited, buy the company report.
Recent activity
Bhimashankar Sugar Mills Private Limited has 25 board changes on record since 2004: 8 appointments and 17 cessations. The latest: Ganesh Vasant Mitkari ceased to be Additional Director on 29 Sep 2022.
32 earlier events are in the company report.
Frequently asked questions
Bhimashankar Sugar Mills is an active private limited company based in Usmanabad, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 16 June 2000 (26+ years old) and is registered under CIN U15422MH2000PTC127208.
Bhimashankar Sugar Mills has 8 current directors:
- Nitin Satish Lodha - Managing Director
- Ganesh Vasant Mitkari - Director
- Dattatraya Narhari Khawale - Director
- Tarachand Pannalal Dungarwal - Director
- Popat Sukhdev Mote - Director
- Baburao Rameshwar Mitkari - Director
- Sonali Lodha Nitinkumar - Director
- Chaya Satish Lodha - Director
The latest financial statements of Bhimashankar Sugar Mills 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 Bhimashankar Sugar Mills is 27AABCB6262D1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bhimashankar Sugar Mills is U15422MH2000PTC127208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhimashankar Sugar Mills has 81 court cases on record: 73 filed by the company and 8 filed against it. 10 are pending. Most are in the district courts.
Bhimashankar Sugar Mills was incorporated on 16 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bhimashankar Sugar Mills by revenue are Bharati Sugars & Fuels Private Limited, Krushiraj Sugar Limited, S. J. Sugar Distillery & Power Private Limited, Baghauli Sugar and Distillery Limited, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Ganesh Vasant Mitkari ceased to be Additional Director on 29 Sep 2022. Sonali Lodha Nitinkumar ceased to be Additional Director on 29 Sep 2022. Ganesh Vasant Mitkari was appointed as Director on 18 Feb 2022. Bhimashankar Sugar Mills has 25 board changes on record in total.
The registered office of Bhimashankar Sugar Mills is at Village Pargaontal Washi, Usmanabad, Maharashtra, India – 413526.
Bhimashankar Sugar Mills operates in the agriculture industry, in the sugar processing segment.
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