About Essar Agrotech Limited
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Essar Agrotech Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Niwas Residential & Commercial Properties Private Limited. It operates in the horticulture and produce segment of the agriculture sector. It was incorporated on 23 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01120MH1993PLC071726. Its GSTIN is 27AAACE1945R1Z7 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹27.9 Cr. It is led by directors including Ravikiran Dinkarrao Tribhuwan and Vasudha Prashant Ruia.
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 Essar House 11K K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.71 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹3.4 Cr (net margin -91.7%) and EBITDA of ₹24.8 Lakh (EBITDA margin 6.7%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 31% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 15 subsidiaries.
As per MCA filings, the company has open charges of ₹1,901.96 Cr and satisfied charges of ₹136.31 Cr on record. Court records list 15 cases involving the company, including 9 filed by the company and 6 filed against it; 2 cases are pending. The company has 15 deals on record (6 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹161.99 Cr; the latest was in October 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website essar.com.
Company details
CIN history
Essar Agrotech has one previous CIN (Corporate Identification Number): L01120MH1993PLC071726. The current CIN is U01120MH1993PLC071726, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01120MH1993PLC071726 | Current |
| L01120MH1993PLC071726 | Previous |
Contact details
Essar Agrotech Limited's registered office is in Mumbai, Maharashtra. Its website is essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEssar House 11K K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034
- IndustryAgriculture, Horticulture & Produce
To see the full contact details of Essar Agrotech 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 Essar Agrotech is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Essar Agrotech Limited, buy the company report.
Financials of Essar Agrotech Limited
FY 2024 filings availableEssar Agrotech Limited reported revenue of ₹3.71 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 31%. EBITDA rose 109% 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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| EBITDA | ₹24.8 Lakh | ||||
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| Net Profit (PAT) | -₹3.4 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | -91.7% | ||||
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To see the full financial statements and ratios of Essar Agrotech Limited, buy the company report.
Board of directors and KMP of Essar Agrotech Limited
Essar Agrotech Limited currently reports 3 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravikiran Dinkarrao Tribhuwan | Director | 17 Jan 2018 | 8 Years 9 Months | Current |
| Vasudha Prashant Ruia | Director | 23 Apr 1993 | 33 Years 6 Months | Current |
| Ashish Vijay Kumar Rajgarhia Also directs: Hazira LNG Private Limited, Essar Ports & Logistics Limited, Salaya Bulk Terminals Limited and 5 more | Director | 19 Sep 2022 | 4 Years 1 Months | Current |
| Mukesh Kumar Chopra Also directs: Nirmit Estate Pvt Ltd | Cfo | 30 Jun 2018 | 8 Years 3 Months | Current |
Auditor
Essar Agrotech Limited is audited by For N K R & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For N K R & CO | FY 2023 | 127820W |
Shareholding
The shareholding of Essar Agrotech 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essar Agrotech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2024 | 101077418 | Others | ₹1,000 Cr | Open | |
| 22 Jun 2023 | 100802079 | Others | ₹900 Cr | Open | |
| 04 Aug 1997 | 90229245 | Uti Bank Ltd | ₹1.96 Cr | Open | |
| 27 Sep 2016 | 100059279 | Idbi Bank Limited | ₹4.5 Cr | Satisfied | |
| 27 Sep 2016 | 100058802 | Idbi Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Essar Agrotech Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Essar Agrotech Limited has 15 deals on record (6 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹161.99 Cr; the latest was in October 2020.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Niwas Residential & Commercial Properties Private Limited , Niwas Residential & Commercial Properties Private Limited & Venu P Seller: Essar Infrastructure Services Private Limited |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: Niwas Residential & Commercial Properties Private Limited Seller: Essar Holdings Limited , an individual |
| Mar 2019 | Funding round | ₹23.58 Cr | Investors: Niwas Residential & Commercial Properties Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Niwas Residential & Commercial Properties Private Limited Seller: Imperial Consultants and Securities Limited , Essar House Limited |
| Mar 2017 | Funding round | ₹23.96 Cr | Investors: Essar Investments Limited & Sanjeev Shriya, Essar Holdings Limited , Niwas Residential & Commercial Properties Private Limited , an individual |
To see the full deal history of Essar Agrotech Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Essar Agrotech Limited has 15 court cases on record: 9 filed by Essar Agrotech, 6 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 2 |
| High courts | 5 | 4 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Emsons Exim Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Emsons Exim Private Limited and 1 other | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Emsons Exim Private Limited and 1 other | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Checkmate Services Pvt. Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IT) | Filed by the company against an individual | Pending |
To see the full case history of Essar Agrotech 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.
Credit ratings & regulatory alerts
Essar Agrotech Limited was last rated by Care on 15 Jun 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Jun 2026 |
To see the full credit ratings and regulatory alerts of Essar Agrotech Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Essar Agrotech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Essar Agrotech has 15 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Deccan Horticulture Private Limited | U01100MH2004PTC148801 | |
| Maval Farms Private Limited | U01100MH2004PTC148802 | |
| Highland Horticulture Private Limited | U01100MH2004PTC148804 | |
| Nane Flortech Private Limited | U01111MH2006PTC163238 | |
| Indus Greens Private Limited | U01122MH2006PTC163482 | |
| Green Agrifarms Private Limited | U01122MH2006PTC163504 |
To see the full group structure of Essar Agrotech Limited, buy the company report.
Employees & EPFO
Essar Agrotech Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Essar Agrotech has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1945R1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essar Agrotech Limited, buy the company report.
Recent activity
Essar Agrotech Limited has 24 board changes on record since 1993: 14 appointments and 10 cessations. The latest: Ashish Vijay Kumar Rajgarhia was appointed as Director on 19 Sep 2022.
37 earlier events are in the company report.
News
Frequently asked questions
Essar Agrotech is an active public limited company based in Mumbai, Maharashtra, India. The company works in horticulture and produce, within the agriculture industry. It was incorporated on 23 April 1993 (33+ years old) and is registered under CIN U01120MH1993PLC071726.
Essar Agrotech has 4 current directors and KMP:
- Ravikiran Dinkarrao Tribhuwan - Director
- Vasudha Prashant Ruia - Director
- Ashish Vijay Kumar Rajgarhia - Director
- Mukesh Kumar Chopra - Cfo
The latest financial statements of Essar Agrotech 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 Essar Agrotech is 27AAACE1945R1Z7, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Essar Agrotech is U01120MH1993PLC071726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essar Agrotech has 15 court cases on record: 9 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Essar Agrotech was incorporated on 23 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Essar Agrotech has 15 deals on record (6 funding rounds, 6 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹161.99 Cr; the latest was in October 2020.
Ashish Vijay Kumar Rajgarhia was appointed as Director on 19 Sep 2022. Kamlesh Kishor Karle ceased to be Director on 19 Sep 2022. Girish Kamlakar Sathe ceased to be Company Secretary on 10 Jun 2019. Essar Agrotech has 24 board changes on record in total.
Essar Agrotech can be reached through the website essar.com. Its registered office is in Mumbai, Maharashtra, India.