About Dhanraj Sugars Private Limited
Data last updated:
Dhanraj Sugars Private Limited is a private limited company based in Surendranagar, Gujarat, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 04 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24239GJ2011PTC064759. Its GSTIN is 24AACCE6663L1ZE (Gujarat).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹4.96 Cr. It was formerly known as Equator Pharmaceuticals Private Limited. It is led by directors including Naresh Dhanrajbhai Kella and Dhanraj Kella Govindram.
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 238 Mega Mall Surendranagar, Gujarat, India – 363001.
As per the financials filed for FY 2025, the company reported a revenue of ₹185.09 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹6.83 Cr (net margin 3.7%) and EBITDA of ₹14.86 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 42% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.29 Cr and satisfied charges of ₹1 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhanrajsugar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address238 Mega Mall Surendranagar, Gujarat, India – 363001
- IndustryAgriculture, Sugar Processing
- 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 of Dhanraj Sugars Private Limited
The main business activity of Dhanraj Sugars is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Dhanraj Sugars Private Limited FY 2025 filings available
Dhanraj Sugars Private Limited reported revenue of ₹185.09 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dhanraj Sugars Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 11% growth 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 of Dhanraj Sugars Private Limited
| Metrics | FY 2024-25 | 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 | ₹14.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.83 Cr | •••• | •••• | •••• | •••• |
| 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 of Dhanraj Sugars Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Dhanraj Sugars are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Dhanraj Sugars Private Limited
Dhanraj Sugars Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Sugar). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kareli Sugar Mill Private Limited | ₹198.48 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Kareli, Madhya Pradesh, India |
| Mekalsuta Sugars Private Limited | ₹197.9 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Thikari, Madhya Pradesh, India |
| M B Sugars and Pharmaceuticals Private Limited | ₹197.48 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Nashik, Maharashtra, India |
| Astoria Agro and Allied Industries Private Limited | ₹194.84 Cr (FY 2017) | •••• | •••• | 100.0% | •••• | Pune, Maharashtra, India |
| Bidar Kissan Shakhar Karkhana Limited | ₹191.21 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Homnabad, Karnataka, India |
| Dhanraj Sugars Private Limited this company | ₹185.09 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Surendranagar, Gujarat, India |
| Kapeeshwar Sugars & Chemicals Limited | ₹183.3 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hingoli, Maharashtra, India |
| Suresh Patil Sugar & Agro Private Limited | ₹179.38 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Osmanabad, Maharashtra, India |
| Yadu Sugar Limited | ₹175.94 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Chemical Systems Technologies (India) Private Limited | ₹172.7 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
| Deccan Sugar Private Limited | ₹170.86 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Yavatmal, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Dhanraj Sugars by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Dhanraj Sugars Private Limited
Dhanraj Sugars Private Limited is audited by INANI INANI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| INANI INANI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Dhanraj Sugars Private Limited
Dhanraj Sugars has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Dhanrajbhai Kella | Director | 04 Apr 2011 | 15 Years 6 Months | Current |
| Dhanraj Kella Govindram | Director | 12 Jan 2015 | 11 Years 8 Months | Current |
| Lalit Dhanrajbhai Kella | Director | 04 Apr 2011 | 15 Years 6 Months | Current |
Ownership and Shareholding of Dhanraj Sugars Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Dhanraj Sugars Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Oct 2025 | Hdfc Bank Limited | ₹1.26 Cr | Open |
| 13 Feb 2025 | Hdfc Bank Limited | ₹11 Lakh | Open |
| 28 Oct 2024 | Hdfc Bank Limited | ₹22.49 Lakh | Open |
| 21 Aug 2024 | Others | ₹1.7 Cr | Open |
| 01 May 2024 | Hdfc Bank Limited | ₹18.8 Lakh | Open |
Total charge records: 11 View all charges
Legal Cases of Dhanraj Sugars Private Limited
Dhanraj Sugars Private Limited has 4 court cases on record: 4 filed by Dhanraj Sugars. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| District court, Surendranagar, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| Supreme Court | Special leave petition | Filed by the company against Union of India | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Dhanraj Sugars Private Limited
Dhanraj Sugars Private Limited has a workforce of 12 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Dhanraj Sugars Private Limited
Dhanraj Sugars Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Dhanraj Kella Govindram ceased to be Director on 31 Jul 2025.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dhanraj Sugars Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Dhanraj Sugars Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Dhanraj Sugars Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Dhanraj Sugars Private Limited
Dhanraj Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE6663L1ZE | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Dhanraj Sugars Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Dhanraj Sugars Private Limited
Dhanraj Sugars is an active private limited company based in Surendranagar, Gujarat, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 04 April 2011 (15+ years old) and is registered under CIN U24239GJ2011PTC064759.
Dhanraj Sugars reported revenue of ₹185.09 Cr for FY 2025 (up 11% YoY).
Dhanraj Sugars has 3 current directors:
- Naresh Dhanrajbhai Kella - Director
- Dhanraj Kella Govindram - Director
- Lalit Dhanrajbhai Kella - Director
Dhanraj Sugars reported a net profit of ₹6.83 Cr (net margin 3.7%) and EBITDA of ₹14.86 Cr (EBITDA margin 8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dhanraj Sugars is 46% over three years and 42% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dhanraj Sugars is 24AACCE6663L1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Dhanraj Sugars is U24239GJ2011PTC064759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhanraj Sugars has 4 court cases on record: 4 filed by the company. Most are in the district courts.
Dhanraj Sugars was incorporated on 04 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dhanraj Sugars by revenue are Kareli Sugar Mill Private Limited, Mekalsuta Sugars Private Limited, M B Sugars and Pharmaceuticals Private Limited, Astoria Agro and Allied Industries Private Limited, Bidar Kissan Shakhar Karkhana Limited and 5 more, all in the Agriculture industry (Sugar).
Dhanraj Kella Govindram ceased to be Director on 31 Jul 2025. Dhanraj Kella Govindram was appointed as Director on 12 Jan 2015. Lalit Dhanrajbhai Kella was appointed as Director on 04 Apr 2011. Dhanraj Sugars has 4 board changes on record in total.