Startup India Government of India
Cropac Technology Private Limited - agriculture in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.48 Cr
▼ 37% YoY
Net profit · FY 2024
₹41.01 Lakh
Net margin 3.9%
EBITDA · FY 2024
₹62.52 Lakh
EBITDA margin 6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.65 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
25
Provident fund records
About Cropac Technology Private Limited
Data last updated:
Cropac Technology Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 15 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01100KA2021PTC143173. Its GSTIN is 29AAJCC2335E1ZT (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Cropac Agri Solutions Private Limited. It is led by directors Ashwini Gireesh Karagi and Gireesh Karagi.
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 Site No.4 – 6 Vishnodevi Industrial Estate Phase – 3 3rd Cross Kumbalagodu Village Bengaluru, Karnataka, India – 560074.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.48 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹41.01 Lakh (net margin 3.9%) and EBITDA of ₹62.52 Lakh (EBITDA margin 6%).
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cropac. As per MCA filings, the company has open charges of ₹1.65 Cr on record.
Cropac Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0069968). For more details, the company can be reached via its website cropac.in.
Company details
CIN U01100KA2021PTC143173
Registration Number 143173
Incorporation Date 15 January 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0069968
Recognitions & Rankings of Cropac Technology
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0069968
Contact details
Cropac Technology Private Limited's registered office is in Bengaluru, Karnataka. Its website is cropac.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSite No.4 – 6 Vishnodevi Industrial Estate Phase – 3 3rd Cross Kumbalagodu Village Bengaluru, Karnataka, India – 560074
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Cropac Technology Private Limited, buy the company report.
Comprehensive company report
Cropac Technology Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Cropac Technology is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Cropac Technology Private Limited, buy the company report.
Financials of Cropac Technology Private Limited
FY 2025 filings availableCropac Technology Private Limited reported revenue of ₹10.48 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹10.48 Cr ▼ 37%
Net profit · FY 2024
₹41.01 Lakh margin 3.9%
EBITDA · FY 2024
₹62.52 Lakh margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
EBITDA CAGR growth
1 year
▲ 48%
Revenue fell 37% in the latest year. EBITDA rose 48% in the latest 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 |
|---|---|---|---|---|
| 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 | ₹62.52 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹41.01 Lakh | |||
| 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6% | |||
| Net Profit Margin | 3.9% | |||
| 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 Cropac Technology Private Limited, buy the company report.
Board of directors of Cropac Technology Private Limited
Cropac Technology has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwini Gireesh Karagi | Director | 23 Aug 2022 | 4 Years 2 Months | Current |
| Gireesh Karagi Also directs: Vastunivas Developers Private Limited | Director | 15 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Cropac Technology Private Limited is audited by BALAJI L.H. & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAJI L.H. & CO | FY 2023 | 015543S |
Shareholding
The shareholding of Cropac Technology Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Cropac Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.65 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2024 | 100973093 | Others | ₹1.65 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Cropac Technology 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 Cropac Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cropac Technology Private Limited has a workforce of 25 employees on its EPFO records as of Jan 2026.
Employee count
25
Employee growth
-3.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 25 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Cropac Technology Private Limited, buy the company report.
GST
Cropac Technology has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCC2335E1ZT | Karnataka | Active | 15 Jan 2021 |
To see the full GST registrations and return filing status of Cropac Technology Private Limited, buy the company report.
Recent activity
Cropac Technology Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Ashwini Gireesh Karagi ceased to be Additional Director on 26 Dec 2022.
AGM
Cropac Technology Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cropac Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 165.00 Lakh with Charge ID 100973093 was registered on 20 Jun 2024.
Ceased
Ashwini Gireesh Karagi ceased to be Additional Director.
Appointed
Ashwini Gireesh Karagi was appointed as Director.
Ceased
Gangadhar Maruti Sarvade ceased to be Director.
Appointed
Gireesh Karagi was appointed as Director.
Incorporation
15 Jan 2021
Cropac Technology Private Limited was registered on 15 Jan 2021 with Roc Bangalore & aged 5 years 9 months as per MCA records.
Frequently asked questions
Cropac Technology is an active private limited company based in Bengaluru, Karnataka, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 15 January 2021 (5+ years old) and is registered under CIN U01100KA2021PTC143173.
Cropac Technology has 2 current directors:
- Ashwini Gireesh Karagi - Director
- Gireesh Karagi - Director
The latest financial statements of Cropac Technology 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 FY 2021 are in the company report.
The GSTIN of Cropac Technology is 29AAJCC2335E1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Cropac Technology is U01100KA2021PTC143173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cropac Technology was incorporated on 15 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Ashwini Gireesh Karagi ceased to be Additional Director on 26 Dec 2022. Ashwini Gireesh Karagi was appointed as Director on 23 Aug 2022. Gangadhar Maruti Sarvade ceased to be Director on 23 Aug 2022. Cropac Technology has 4 board changes on record in total.
Yes, Cropac Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Cropac Technology is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0069968).
Cropac Technology can be reached through the website cropac.in. Its registered office is in Bengaluru, Karnataka, India.
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