About Grow Indigo Private Limited
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Grow Indigo Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahyco Private Limited. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 19 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01100MH2018PTC304488. Its GSTIN is 27AAZCS7671K1Z7 (Maharashtra). The company holds 14 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹185.9 Cr and a paid-up capital of ₹144.2 Cr. It was formerly known as Sgrow Agri Inputs Private Limited. It is led by directors including Ewan Lamont and Usha Zehr Brent.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 19 Raj Mahal 84 Veer Nariman Road Churchgate, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹206.96 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹32.72 Cr (net margin -15.8%) and EBITDA of -₹37.46 Cr (EBITDA margin -18.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 510% over five years.
The company has about 267 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Grow Indigo. As per MCA filings, the company has open charges of ₹123 Cr and satisfied charges of ₹10 Cr on record. Court records list 27 cases involving the company, including 19 filed by the company and 8 filed against it; 24 cases are pending. The company has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹166.17 Cr; the latest was in March 2025. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 48 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website growindigo.co.in.
Company details
Name history
Grow Indigo has undergone 2 name changes throughout its history. The company was previously known as Grow Indigo Private Limited, and Sgrow Agri Inputs Private Limited. The current legal name is Grow Indigo Private Limited.
| Company Name | Status |
|---|---|
| Grow Indigo Private Limited | Current |
| Sgrow Agri Inputs Private Limited | Previous |
Contact details
Grow Indigo Private Limited's registered office is in Mumbai, Maharashtra. Its website is growindigo.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address19 Raj Mahal 84 Veer Nariman Road Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Grow Indigo 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
Brands
Grow Indigo operates one associated brand: Grow Indigo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biological and carbon solutions for sustainable agriculture are provided. | growindigo.co.in |
Business activity
The main business activities of Grow Indigo are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Grow Indigo Private Limited, buy the company report.
Financials of Grow Indigo Private Limited
FY 2025 filings availableGrow Indigo Private Limited reported revenue of ₹206.96 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 510% over five years, including 6% growth in the latest year. EBITDA fell 37% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹37.46 Cr | ||||
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| Net Profit (PAT) | -₹32.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.1% | ||||
| Net Profit Margin | -15.8% | ||||
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To see the full financial statements and ratios of Grow Indigo Private Limited, buy the company report.
Board of directors and KMP of Grow Indigo Private Limited
Grow Indigo Private Limited currently reports 6 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirthee Thakkar | Company Secretary | 02 May 2019 | 7 Years 5 Months | Current |
| Ewan Lamont | Director | 10 May 2022 | 4 Years 5 Months | Current |
| Usha Zehr Brent Also directs: Agrisure Diagnostics LLP, Maharashtra Hybrid Seeds Company Private Limited, Barwale Foundation and 2 more | Director | 07 Feb 2019 | 7 Years 8 Months | Current |
| Robert Berendes | Director | 25 Apr 2022 | 4 Years 5 Months | Current |
| Shirish Rajendra Barwale Also directs: Maharashtra Hybrid Seeds Company Private Limited, Barwale Foundation, Mahyco Monsanto Biotech (India) Private Limited and 5 more | Director | 19 Jan 2018 | 8 Years 9 Months | Current |
| Shilpa Shridhar Divekar | Director | 26 Feb 2025 | 1 Years 7 Months | Current |
Auditor
Grow Indigo Private Limited is audited by Ford Rhodes Parks & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford Rhodes Parks & Co. LLP | FY 2023 | 102860W/W100089 |
Shareholding
The shareholding of Grow Indigo Private 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 Grow Indigo Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2025 | 101207126 | Others | ₹83 Cr | Open | |
| 16 Jun 2022 | 100589765 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 24 May 2024 | 100934751 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Grow Indigo Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Grow Indigo Private Limited has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹166.17 Cr; the latest was in March 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round | ₹85.76 Cr | Investors: British International Investment (CDC Group) |
| Feb 2024 | Funding round | ₹67 Cr | Investors: Indigo AG, Mahyco Private Limited |
| Jan 2024 | Rights issue | ₹44.67 Cr | Investors: Mayhco Private Limited, Indigo AG Inc, 2 individuals |
| Jan 2024 | Funding round | ₹2.42 Cr | Investors: an individual |
| May 2023 | Rights issue | ₹29.6 Cr | Investors: Mayhco Private Limited, Indigo AG Inc, 2 individuals |
To see the full deal history of Grow Indigo Private 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
Grow Indigo Private Limited has 27 court cases on record: 19 filed by Grow Indigo, 8 filed against it. 24 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 8 | 24 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against Ganpati Enterprises Through Prop Mr Kapil Puri | Pending |
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against Ms Keemat Trading Company Through Its Prop Khushpreet Kaur | Pending |
To see the full case history of Grow Indigo 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
Grow Indigo Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 48 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 |
|---|---|---|---|
| Trisha Polyplast Private Limited | |||
| Levee Polymers | |||
| an individual supplier | |||
| Ram Biotech | |||
| Mudrak |
To see the full MSME payment records of Grow Indigo Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Grow Indigo Private Limited has a workforce of 267 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Grow Indigo has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS7671K1Z7 | Maharashtra | Active | 14 Jun 2018 |
| 27AAZCS7671K2Z6 | Maharashtra | Active | 04 Jan 2024 |
| 23AAZCS7671K1ZF | Madhya Pradesh | Active | 30 Jan 2020 |
| 29AAZCS7671K1Z3 | Karnataka | Active | 18 Feb 2020 |
To see the full GST registrations and return filing status of Grow Indigo Private Limited, buy the company report.
Recent activity
Grow Indigo Private Limited has 16 board changes on record since 2018: 7 appointments and 9 cessations. The latest: Samuel Dean Banks Jr ceased to be Director Appointed In Casual Vacancy on 28 Sep 2025.
12 earlier events are in the company report.
News
Frequently asked questions
Grow Indigo is an active private limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 19 January 2018 (8+ years old) and is registered under CIN U01100MH2018PTC304488.
Grow Indigo has 7 current directors and KMP:
- Ewan Lamont - Director
- Usha Zehr Brent - Director
- Robert Berendes - Director
- Shirish Rajendra Barwale - Director
- Shilpa Shridhar Divekar - Director
- Samuel Dean Banks Jr - Director
- Kirthee Thakkar - Company Secretary
The latest financial statements of Grow Indigo on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Grow Indigo is 27AAZCS7671K1Z7, registered in Maharashtra. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAZCS7671K2Z6 (Maharashtra), 23AAZCS7671K1ZF (Madhya Pradesh), 29AAZCS7671K1Z3 (Karnataka).
The CIN (Corporate Identification Number) of Grow Indigo is U01100MH2018PTC304488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grow Indigo has 27 court cases on record: 19 filed by the company and 8 filed against it. 24 are pending. Most are in the district courts.
Grow Indigo was incorporated on 19 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Grow Indigo has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹166.17 Cr; the latest was in March 2025.
Samuel Dean Banks Jr ceased to be Director Appointed In Casual Vacancy on 28 Sep 2025. Shilpa Shridhar Divekar ceased to be Additional Director on 28 Sep 2025. Shilpa Shridhar Divekar was appointed as Director on 26 Feb 2025. Grow Indigo has 16 board changes on record in total.
Grow Indigo has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 48 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Grow Indigo can be reached through the website growindigo.co.in. Its registered office is in Mumbai, Maharashtra, India.