About Harinagar Sugar Mills Limited
Data last updated:
Harinagar Sugar Mills Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 03 January 1933 and has been in existence for over 93 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15420MH1933PLC001918. Its GSTIN is 27AAACH2831H1ZU (Maharashtra). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹96 Lakh. It is led by directors including Vivek Madhavlal Pittie (Whole-Time Director) and Neeta Vivek Pittie (Whole-Time Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹814.97 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹31.97 Cr (net margin 3.9%) and EBITDA of ₹118.18 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company has about 1,392 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Harinagar Sugar Mills Ltd. As per MCA filings, the company has open charges of ₹726.94 Cr and satisfied charges of ₹320.83 Cr on record. Court records list 230 cases involving the company, including 131 filed by the company and 99 filed against it; 26 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 harinagar.co.in.
Company details
Contact details
Harinagar Sugar Mills Limited's registered office is in Mumbai, Maharashtra. Its website is harinagar.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressWorld Trade Centre No.1, 10th Floor Cuffe Parade, Mumbai, Maharashtra, India – 400005
- IndustryAgriculture, Sugar Processing
To see the full contact details of Harinagar Sugar Mills 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
Harinagar Sugar Mills operates one associated brand: Harinagar Sugar Mills Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, ethanol manufacturing, and bio-products in Bihar. | harinagarsugar.com |
Business activity
The main business activities of Harinagar Sugar Mills are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and electric power generation, transmission and distribution. 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 | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Harinagar Sugar Mills Limited, buy the company report.
Financials of Harinagar Sugar Mills Limited
FY 2025 filings availableHarinagar Sugar Mills Limited reported revenue of ₹814.97 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 1% growth in the latest year. EBITDA rose 6% 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 |
|---|---|---|---|---|---|
| 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 | ₹118.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.97 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| 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 Harinagar Sugar Mills Limited, buy the company report.
Board of directors of Harinagar Sugar Mills Limited
Harinagar Sugar Mills has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Madhavlal Pittie | Whole-Time Director | 01 Apr 1995 | 31 Years 6 Months | Current |
| Ajaykumar Malchand Sharma | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
| Neeta Vivek Pittie | Whole-Time Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Sulochana Madhavlal Pittie | Whole-Time Director | 26 May 2018 | 8 Years 4 Months | Current |
| Damyanti Madhusudanlal Pittie | Whole-Time Director | 26 Aug 2011 | 15 Years 1 Months | Current |
| Krishna Pratap Singh | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Harinagar Sugar Mills Limited is audited by KULKARNI & KHANOLKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KULKARNI & KHANOLKAR | FY 2023 | 105407W |
Shareholding
The shareholding of Harinagar Sugar Mills 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 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harinagar Sugar Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2024 | 100959060 | Others | ₹70.2 Cr | Open | |
| 26 Jul 2024 | 100959405 | Others | ₹12.4 Cr | Open | |
| 26 Mar 2024 | 100890609 | Hdfc Bank Limited | ₹21 Cr | Open | |
| 12 Jun 2023 | 100739333 | Hdfc Bank Limited | ₹34 Cr | Open | |
| 25 May 2023 | 100731771 | Hdfc Bank Limited | ₹45.71 Lakh | Open |
To see the full charge records of Harinagar Sugar Mills Limited, buy the company report.
Total charge records: 32 View all charges
Legal cases
Harinagar Sugar Mills Limited has 230 court cases on record: 131 filed by Harinagar Sugar Mills, 99 filed against it. 26 cases are pending and 204 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 150 | 54 | 16 |
| Supreme Court | 52 | 33 | 1 |
| District courts | 19 | 10 | 9 |
| NCLAT | 5 | 0 | 0 |
| NCLT | 4 | 2 | 0 |
Cases on record (5 of 230)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Amrex Marketing Private Limited and Anr and 1 other | Disposed |
| NCLT, Mumbai | Company petition | Filed against the company by Amrex Marketing Pvt Ltd | Disposed |
| NCLT, Mumbai | Company petition | Filed against the company by Bhubnesh Commercial Pvt Ltd | Disposed |
| NCLT, Mumbai | Court case (COMP.APPL) | Filed by the company against Centbank Financial Services Limited and 1 other | Disposed |
| NCLT, Mumbai | Company petition | Filed by the company against Bhubnesh Commercial Pvt Ltd and 2 others | Disposed |
To see the full case history of Harinagar Sugar Mills 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
Harinagar Sugar Mills Limited was last rated by Icra on 17 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Dec 2021 |
To see the full credit ratings and regulatory alerts of Harinagar Sugar Mills Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harinagar Sugar Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Harinagar Sugar Mills 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 |
|---|---|---|
| Shangrila Food Products Limited | U15410MH1945PLC004657 |
To see the full group structure of Harinagar Sugar Mills Limited, buy the company report.
Employees & EPFO
Harinagar Sugar Mills Limited has a workforce of 1,392 employees on its EPFO records as of Apr 02, 2024, across 5 active EPFO establishments.
GST
Harinagar Sugar Mills has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2831H1ZU | Maharashtra | Active | 01 Jul 2017 |
| 08AAACH2831H1ZU | Rajasthan | Active | 01 Jul 2017 |
| 10AAACH2831H1Z9 | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harinagar Sugar Mills Limited, buy the company report.
Recent activity
Harinagar Sugar Mills Limited has 19 board changes on record since 1995: 8 appointments and 11 cessations. The latest: Neeta Vivek Pittie was appointed as Whole-Time Director on 01 Apr 2025.
75 earlier events are in the company report.
Frequently asked questions
Harinagar Sugar Mills is an active public limited company based in Mumbai, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 03 January 1933 (93+ years old) and is registered under CIN U15420MH1933PLC001918.
Harinagar Sugar Mills has 7 current directors:
- Vivek Madhavlal Pittie - Whole-Time Director
- Neeta Vivek Pittie - Whole-Time Director
- Sulochana Madhavlal Pittie - Whole-Time Director
- Damyanti Madhusudanlal Pittie - Whole-Time Director
- Ajaykumar Malchand Sharma - Director
- Krishna Pratap Singh - Director
- Subbarao Tadimeti - Director
The latest financial statements of Harinagar Sugar Mills 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 2015 are in the company report.
The GSTIN of Harinagar Sugar Mills is 27AAACH2831H1ZU, registered in Maharashtra. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 08AAACH2831H1ZU (Rajasthan), 10AAACH2831H1Z9 (Bihar).
The CIN (Corporate Identification Number) of Harinagar Sugar Mills is U15420MH1933PLC001918. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harinagar Sugar Mills has 230 court cases on record: 131 filed by the company and 99 filed against it. 26 are pending. Most are in the high courts.
Harinagar Sugar Mills was incorporated on 03 January 1933, making it 93+ years old. It is registered with the Registrar of Companies, Mumbai.
Neeta Vivek Pittie was appointed as Whole-Time Director on 01 Apr 2025. Ajaykumar Malchand Sharma was appointed as Director on 01 Oct 2024. Dilip Ajitsinh Mulani ceased to be Director on 01 Oct 2024. Harinagar Sugar Mills has 19 board changes on record in total.
Harinagar Sugar Mills can be reached through the website harinagar.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Harinagar Sugar Mills is at World Trade Centre No.1, 10th Floor Cuffe Parade, Mumbai, Maharashtra, India – 400005.