About Gem Sugars Limited
Data last updated:
Gem Sugars Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 06 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PLC017324. Its GSTIN is 29AAACG4810D1Z0 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹45 Cr. It is led by directors including Sekar Rangaswamy (Managing Director) and Jawaherlal Parisappa Doddannavar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 120 Hoodi Apartments Cunnigham Road Bangalore., Karnataka, India – 560052.
As per the financials filed for FY 2024, the company reported a revenue of ₹353.43 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹7.45 Cr (net margin 2.1%) and EBITDA of ₹50.33 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company has about 181 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Gem Sugars. As per MCA filings, the company has open charges of ₹599.95 Cr and satisfied charges of ₹413.02 Cr on record. Court records list 694 cases involving the company, including 664 filed by the company and 10 filed against it; 85 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemsugars.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address120 Hoodi Apartments Cunnigham Road Bangalore., Karnataka, India – 560052
- 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
- One PDF report, delivered after checkout
Business Activity of Gem Sugars Limited
The main business activities of Gem 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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | 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 Gem Sugars Limited FY 2024 filings available
Gem Sugars Limited reported revenue of ₹353.43 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Gem Sugars Limited
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 4% 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 Gem Sugars Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹50.33 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.45 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 Gem Sugars Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Gem 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 Gem Sugars Limited
Gem Sugars Limited is compared with the companies closest to it by revenue in the Agriculture industry (Organic Chemicals, 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 |
|---|---|---|---|---|---|---|
| Chemie Organic Chemicals (India) Private Limited | ₹374.15 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Ponni Sugars (Erode) Limited Listed | ₹371.41 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Chennai, Tamil Nadu, India |
| Narmada Sugar Private Limited | ₹360.71 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Indore, Madhya Pradesh, India |
| VRV Hospitality Private Limited | ₹359.32 Cr (FY 2025) | •••• | •••• | 332.0% | •••• | Delhi, India |
| Shivam Agroprocess Private Limited | ₹356.75 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Palanpur, Gujarat, India |
| Gem Sugars Limited this company | ₹353.43 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| New Way Homes Private Limited | ₹353.36 Cr (FY 2025) | •••• | •••• | 566.0% | •••• | New Delhi, Delhi, India |
| Olam Global Agri Commodities India Private Limited | ₹352.12 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Gurugram, Haryana, India |
| Jagruti Sugar & Allied Industries Limited | ₹351.76 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Latur, Maharashtra, India |
| Gayatri Sugars Limited Listed | ₹341.82 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Hyderabad, Telangana, India |
| Balaji Formalin Private Limited | ₹340.93 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Sanand, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Gem Sugars by revenue in the Agriculture industry (Organic Chemicals, 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 Gem Sugars Limited
Gem Sugars Limited is audited by Vijay Sarathy & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vijay Sarathy & Co | 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 Gem Sugars Limited
Gem Sugars has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lata Ajit Prasad | Director | 16 Aug 2017 | 9 Years 1 Months | Current |
| Jawaherlal Parisappa Doddannavar | Whole-Time Director | 01 Jan 2006 | 20 Years 9 Months | Current |
| Sekar Rangaswamy | Managing Director | 06 Mar 1995 | 31 Years 7 Months | Current |
| Doddahalahalli Kempegowda Suresh Also directs: Divinity Spaces LLP, Northern Lights Warehousing LLP, Mysore Feeds Private Limited and 2 more | Additional Director | 15 May 2025 | 1 Years 4 Months | Current |
| Basavaraj Basalingappa Khot Also directs: Shree Ramalingeshwar Agro Distillery Private Limited | Director | 18 Jul 2024 | 2 Years 2 Months | Current |
| Ramanagouda Patil Also directs: Krishnakisan Farmers Producer Company Limited | Director | 30 Mar 2005 | 21 Years 6 Months | Current |
Ownership and Shareholding of Gem Sugars 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 Gem Sugars Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2025 | Others | ₹7.5 Cr | Open |
| 30 Apr 2025 | Others | ₹5 Cr | Open |
| 29 Oct 2024 | Bank of India | ₹36 Cr | Open |
| 17 Oct 2024 | Others | ₹6 Cr | Open |
| 01 Jul 2022 | Others | ₹36 Cr | Open |
Total charge records: 70 View all charges
Legal Cases of Gem Sugars Limited
Gem Sugars Limited has 694 court cases on record: 664 filed by Gem Sugars, 10 filed against it, 20 where it is another party. 85 cases are pending and 609 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 641 | 6 | 77 |
| High courts | 53 | 4 | 8 |
Cases on record (5 of 694)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BAGALKOT, Karnataka | Execution petition | Filed by the company against T.H.E Prop Whiz India Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| District court, BAGALKOT, Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BAGALKOT, Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BAGALKOT, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 694 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.
MSME Payment Delays by Gem Sugars Limited
Gem Sugars Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Goflamingo Business Services Private Limited | •••• | •••• | •••• |
| Netravati Polypack Private Limited | •••• | •••• | •••• |
| Sunder Enterprises | •••• | •••• | •••• |
| Orgochem Industries Private Limited | •••• | •••• | •••• |
| Accord Trading India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Gem Sugars Limited
Gem Sugars operates one associated brand: Gem Sugars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, co-generation, and ethanol manufacturing in Karnataka. | gemsugars.com |
Employees and EPFO Compliance at Gem Sugars Limited
Gem Sugars Limited has a workforce of 181 employees as of Apr 09, 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.
Group Structure of Gem Sugars Limited
Gem Sugars has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Banashankari Sugars Private Limited | U85110KA1996PTC020077 | Locked |
Showing major subsidiaries. Total: 1.
CIN History of Gem Sugars Limited
Gem Sugars has one previous CIN (Corporate Identification Number): U01542KA1995PLC017324. The current CIN is U85110KA1995PLC017324, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1995PLC017324 | Current |
| U01542KA1995PLC017324 | Previous |
Recent Activity on Gem Sugars Limited
Gem Sugars Limited has 21 board changes on record since 1995: 9 appointments and 12 cessations. The latest: Doddahalahalli Kempegowda Suresh was appointed as Additional Director on 15 May 2025.
152 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gem Sugars 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.
Subsidiaries & Group Companies of Gem Sugars 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 Gem Sugars Limited
Gem Sugars has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACG4810D1Z0 | Karnataka | Active | 01 Jul 2017 |
| 33AAACG4810D1ZB | Tamil Nadu | 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 Gem Sugars 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 Gem Sugars Limited
Gem Sugars is an active public limited company based in Bangalore, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 06 March 1995 (31+ years old) and is registered under CIN U85110KA1995PLC017324.
Gem Sugars reported revenue of ₹353.43 Cr for FY 2024 (down 17% YoY).
Gem Sugars has 7 current directors:
- Sekar Rangaswamy - Managing Director
- Jawaherlal Parisappa Doddannavar - Whole-Time Director
- Lata Ajit Prasad - Director
- Doddahalahalli Kempegowda Suresh - Additional Director
- Basavaraj Basalingappa Khot - Director
- Ramanagouda Patil - Director
- Manjula Doddahalahalli Kempegowda - Additional Director
Gem Sugars reported a net profit of ₹7.45 Cr (net margin 2.1%) and EBITDA of ₹50.33 Cr (EBITDA margin 14.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gem Sugars is 7% over three years and 1% over five years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gem Sugars is 29AAACG4810D1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACG4810D1ZB (Tamil Nadu).
The CIN (Corporate Identification Number) of Gem Sugars is U85110KA1995PLC017324. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gem Sugars has 694 court cases on record: 664 filed by the company and 10 filed against it. 85 are pending. Most are in the district courts.
Gem Sugars was incorporated on 06 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gem Sugars by revenue are Chemie Organic Chemicals (India) Private Limited, Ponni Sugars (Erode) Limited, Narmada Sugar Private Limited, VRV Hospitality Private Limited, Shivam Agroprocess Private Limited and 5 more, all in the Agriculture industry (Organic Chemicals, Sugar).
Doddahalahalli Kempegowda Suresh was appointed as Additional Director on 15 May 2025. Manjula Doddahalahalli Kempegowda was appointed as Additional Director on 15 May 2025. Panickanur Kaiappagounder Rajamanickam ceased to be Director on 27 Sep 2024. Gem Sugars has 21 board changes on record in total.
Gem Sugars has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Apr 2024.