About Harsha Sugars Limited
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Harsha Sugars Limited is a public limited company based in Belgaum, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 08 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15122KA2014PLC075717. Its GSTIN is 29AADCH4552J1ZC (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹72.74 Cr. It was formerly known as Harsha Sugars Private Limited. It is led by directors including Channaraj Hattiholi Basavaraj (Managing Director) and Laxmi Ravindra Hebbalkar.
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 Plot No.16 Rs No. 2296 Hanuman Nagar, Belgaum, Karnataka, India – 590019.
As per the financials filed for FY 2025, the company reported a revenue of ₹307.9 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹46.31 Cr (net margin -15%) and EBITDA of ₹46.88 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 9% over five years.
The company has about 341 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹408.48 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it; 2 cases are pending. The company has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹11.4 Cr; the latest was in March 2024. Its 8 peer companies in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Parag Agro Foods and Allied Products Private Limited with revenue of ₹324.85 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harshasugars.com.
Company details
CIN history
Harsha Sugars has one previous CIN (Corporate Identification Number): U15122KA2014PTC075717. The current CIN is U15122KA2014PLC075717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15122KA2014PLC075717 | Current |
| U15122KA2014PTC075717 | Previous |
Contact details
Harsha Sugars Limited's registered office is in Belgaum, Karnataka. Its website is harshasugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.16 Rs No. 2296 Hanuman Nagar, Belgaum, Karnataka, India – 590019
- IndustryAgriculture, Sugar Processing
To see the full contact details of Harsha Sugars 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 Harsha Sugars is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Harsha Sugars Limited, buy the company report.
Financials of Harsha Sugars Limited
FY 2024 filings availableHarsha Sugars Limited reported revenue of ₹307.9 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 5% growth in the latest year. EBITDA rose 36% 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 | ₹46.88 Cr | ||||
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| Net Profit (PAT) | -₹46.31 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 | 15.2% | ||||
| Net Profit Margin | -15% | ||||
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To see the full financial statements and ratios of Harsha Sugars Limited, buy the company report.
Board of directors of Harsha Sugars Limited
Harsha Sugars has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmi Ravindra Hebbalkar | Director | 08 Aug 2014 | 12 Years 2 Months | Current |
| Channaraj Hattiholi Basavaraj | Managing Director | 08 Aug 2014 | 12 Years 2 Months | Current |
| Mahesh Babu Suganennavar | Director | 10 Aug 2018 | 8 Years 2 Months | Current |
| Mrinal Hebbalkar | Director | 03 Jan 2018 | 8 Years 9 Months | Current |
| Siddappa Annappa Champagon | Director | 10 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Harsha Sugars Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Parag Agro Foods and Allied Products Private Limited | ₹324.85 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Vitthal Corporation Limited | ₹324.62 Cr (FY 2023) | -27.0% | Pune, Maharashtra, India | |||
| Venkateshkrupa Sugar Mills Limited | ₹317.71 Cr (FY 2023) | -8.0% | Pune, Maharashtra, India | |||
| Lokmangal Agro Industries Limited | ₹314.29 Cr (FY 2022) | 43.0% | Solapur, Maharashtra, India | |||
| Harsha Sugars Limitedthis company | ₹307.9 Cr (FY 2025) | -₹46.31 Cr | -15% | 5.0% | 341 | Belgaum, Karnataka, India |
| VP Sugars Limited | ₹307.02 Cr (FY 2023) | 8.0% | Pune, Maharashtra, India | |||
| Dwarkadhish Sakhar Karkhana Limited | ₹301.9 Cr (FY 2025) | 1.0% | Nashik, Maharashtra, India | |||
| Mahakaushal Sugar and Power Industries Limited | ₹300.45 Cr (FY 2025) | 26.0% | Bhopal, Madhya Pradesh, India | |||
| Baliraja Sakhar Karkhana Limited | ₹298.15 Cr (FY 2025) | -25.0% | Pune, Maharashtra, India |
To see the full peer comparison of Harsha Sugars Limited, buy the company report.
Auditor
Harsha Sugars Limited is audited by ARPITHA B P AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARPITHA B P AND ASSOCIATES | FY 2023 | 021945S |
Shareholding
The shareholding of Harsha Sugars 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 Harsha Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2025 | 101074100 | Others | ₹40 Cr | Open | |
| 26 Mar 2025 | 101068529 | Others | ₹25 Cr | Open | |
| 31 Jan 2025 | 101045599 | Canara Bank | ₹1 Cr | Open | |
| 15 Mar 2024 | 100881502 | Others | ₹45 Cr | Open | |
| 29 Dec 2023 | 100852669 | Canara Bank | ₹64 Lakh | Open |
To see the full charge records of Harsha Sugars Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Harsha Sugars Limited has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹11.4 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹2 Cr | Investors: an individual |
| Mar 2020 | Rights issue | ₹76 Lakh | Investors: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Prathamik Krushi Pattin Sahakari Sangh Limited - Lolasur, Prathamik Krushi Pattin Sahakari Sangh Limited - Benchmaradi, Prathamik Krushi Pattin Sahakari Sangh Limited - Keshapanhatti |
| Mar 2018 | Funding round | ₹9.06 Cr | Investors: 4 individuals |
| Mar 2017 | Rights issue | ₹31.79 Cr | Investors: Prathamik Krushi Pattin Sahakari Sangh Limited - Lolasur, Prathamik Krushi Pattin Sahakari Sangh Limited - Benchmaradi, Prathamik Krushi Pattin Sahakari Sangh Limited - Keshapanhatti |
To see the full deal history of Harsha Sugars 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
Harsha Sugars Limited has 20 court cases on record: 9 filed by Harsha Sugars, 11 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 9 | 1 |
| District courts | 4 | 2 | 0 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Shree Renuka Sugars Limited | Disposed |
| High Court | Appeal | Filed against the company by Union of India and 2 others | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against M/S Inamdar Sugars Director Vikram D Inamdar No. 62, 2Nd Floor, Sapthagiri Apartments, 6Th Cross, Malleshwaram ,Bangalore , Karnataka and 3 others | Pending |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Disposed |
| High Court, KARNATAKA | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Harsha Sugars 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
Harsha Sugars Limited was last rated by Care on 05 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Apr 2021 |
To see the full credit ratings and regulatory alerts of Harsha Sugars Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harsha Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Harsha Sugars Limited has a workforce of 341 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Harsha Sugars has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH4552J1ZC | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harsha Sugars Limited, buy the company report.
Recent activity
Harsha Sugars Limited has 11 board changes on record since 2014: 7 appointments and 4 cessations. The latest: Rahul Rungta was appointed as Company Secretary on 01 Jun 2019.
19 earlier events are in the company report.
Frequently asked questions
Harsha Sugars is an active public limited company based in Belgaum, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 08 August 2014 (12+ years old) and is registered under CIN U15122KA2014PLC075717.
Harsha Sugars has 5 current directors:
- Channaraj Hattiholi Basavaraj - Managing Director
- Laxmi Ravindra Hebbalkar - Director
- Mahesh Babu Suganennavar - Director
- Mrinal Hebbalkar - Director
- Siddappa Annappa Champagon - Director
The latest financial statements of Harsha Sugars 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 Harsha Sugars is 29AADCH4552J1ZC, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Harsha Sugars is U15122KA2014PLC075717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harsha Sugars has 20 court cases on record: 9 filed by the company and 11 filed against it. 2 are pending. Most are in the high courts.
Harsha Sugars was incorporated on 08 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Harsha Sugars has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹11.4 Cr; the latest was in March 2024.
The peers of Harsha Sugars by revenue are Parag Agro Foods and Allied Products Private Limited, Vitthal Corporation Limited, Venkateshkrupa Sugar Mills Limited, Lokmangal Agro Industries Limited, VP Sugars Limited and 3 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Rahul Rungta was appointed as Company Secretary on 01 Jun 2019. Mrinal Hebbalkar ceased to be Additional Director on 28 Sep 2018. Channaraj Hattiholi Basavaraj ceased to be Director on 10 Aug 2018. Harsha Sugars has 11 board changes on record in total.
Harsha Sugars can be reached through the website harshasugars.com. Its registered office is in Belgaum, Karnataka, India.
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