About Harshil Agrotech Limited
Data last updated:
Harshil Agrotech Limited is a public limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the agritech segment of the agriculture sector. It was incorporated on 18 November 1972.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L01611GJ1972PLC147529. Its GSTIN is 27AAACM4226F1ZS (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 505336.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹93.35 Cr. It is led by directors including Pankajkumar Patel (Managing Director) and Saloni Mehra.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2024-25, the company reported a revenue of ₹63.53 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.4 Cr (net margin 16.4%) and EBITDA of ₹10.97 Cr (EBITDA margin 17.3%). The net worth stands at ₹115.19 Cr (up 908.7% YoY). Total assets are valued at ₹115.64 Cr (up 856.5% YoY).
The company is associated with 2 brands: Mirch Technologies and Harshil Agrotech. As per MCA filings, the company has satisfied charges of ₹11.97 Cr on record. The company has 87 deals on record (86 market trades, 1 funding round), with disclosed funding of ₹49.38 Cr; the latest was in June 2026.
The last known website on record is mirchtechnologies.com.
Company details
CIN history
Harshil Agrotech has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L01611GJ1972PLC147529, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01611GJ1972PLC147529 | Current |
| L01611MH1972PLC016127 | Previous |
| L27290MH1972PLC016127 | Previous |
| U27290MH1972PLC016127 | Previous |
Contact details
Harshil Agrotech Limited's registered office is in Ahmedabad, Gujarat. Its website is mirchtechnologies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS F 225 I Square Near Shukan Mall, Science City Road Sola, Ahmedabad, Gujarat, India – 380060
- IndustryAgriculture, AgriTech
To see the full contact details of Harshil 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
Brands
Harshil Agrotech operates two associated brands: Mirch Technologies and Harshil Agrotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blog focusing on beauty, marketing, sports, and other related topics | mirchtechnologies.com | |
| Sustainable and modern agricultural solutions are provided to farmers. | harshilagrotech.com |
Business activity
The main business activity of Harshil Agrotech is agriculture, forestry and fishing. In detail, this covers crop and animal production, hunting and related service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry and fishing | 01 | Crop and animal production, hunting and related service activities |
To see the full business activity and turnover split of Harshil Agrotech Limited, buy the company report.
Financials of Harshil Agrotech Limited
FY 2024-25 filings availableHarshil Agrotech Limited reported revenue of ₹63.53 Cr (up 391.3% YoY) for FY 2024-25.
Financial Highlights
FY 2024-25 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 63.53 | 12.93 | 3.84 | 0.16 | 0.00 | 0.04 | 0.33 |
| Revenue growth | +391.3% | +236.7% | +2300.0% | - | -100.0% | -87.9% | - |
| EBITDA | 10.97 | 0.99 | 0.65 | (0.17) | (0.55) | (0.37) | (0.24) |
| EBITDA margin | +17.3% | +7.7% | +16.9% | -106.3% | - | -925.0% | -72.7% |
| Profit before tax | 11.12 | 1.08 | 0.69 | (0.15) | 1.21 | (0.44) | (0.32) |
| Net profit | 10.40 | 0.80 | 0.55 | (0.22) | 0.15 | (0.34) | (0.24) |
| Net profit margin | +16.4% | +6.2% | +14.3% | -137.5% | - | -850.0% | -72.7% |
| EPS (₹) | 0.15 | 0.74 | 6.79 | (2.70) | 10.80 | (4.44) | 0.00 |
| Balance sheet | |||||||
| Total assets | 116 | 12.09 | 1.06 | 0.54 | 0.33 | 2.40 | 2.45 |
| Net worth | 115 | 11.42 | 0.62 | 0.07 | 0.29 | (1.40) | (1.05) |
| Total debt | 0.45 | 0.68 | 0.44 | 0.47 | 0.04 | 3.80 | 3.50 |
| Cash & bank | 49.55 | 0.05 | 0.01 | 0.01 | 0.04 | 0.01 | 0.00 |
| Net working capital | 113 | 9.27 | 0.71 | 0.19 | (0.04) | (0.03) | (0.17) |
| Cash flow | |||||||
| Cash from operations | (43.54) | (7.70) | 0.03 | (0.42) | (0.75) | (0.29) | (0.01) |
| Cash from investing | (0.11) | (2.50) | 0.00 | (0.03) | 4.53 | 0.00 | (0.07) |
| Cash from financing | 93.15 | 10.24 | (0.03) | 0.42 | (3.75) | 0.30 | (0.02) |
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.25 | 42.29 | 59.89 | 2.38 | 25.73 | 24.05 | 11.37 | 3.32 |
| Revenue growth (YoY) | -71.8% | +75.8% | +426.7% | -28.3% | +714.2% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | (0.01) | 0.03 | 0.05 | 0.03 | 0.10 |
| Total expenses | 12.60 | 47.49 | 51.08 | 2.95 | 20.38 | 19.06 | 10.18 | 3.31 |
| EBITDA | (5.35) | (5.20) | 8.81 | (0.57) | 5.35 | 4.99 | 1.19 | 0.01 |
| EBITDA margin | -73.8% | -12.3% | +14.7% | -23.9% | +20.8% | +20.7% | +10.5% | +0.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (5.35) | (5.20) | 8.81 | (0.58) | 5.38 | 5.04 | 1.22 | 0.11 |
| Tax | 0.00 | (2.28) | 2.28 | 0.20 | (0.10) | 0.24 | 0.31 | 0.05 |
Financial Statements
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.25 | 42.29 | 59.89 | 2.38 | 25.73 | 24.05 | 11.37 | 3.32 |
| Revenue growth (YoY) | -71.8% | +75.8% | +426.7% | -28.3% | +714.2% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | (0.01) | 0.03 | 0.05 | 0.03 | 0.10 |
| Total expenses | 12.60 | 47.49 | 51.08 | 2.95 | 20.38 | 19.06 | 10.18 | 3.31 |
| EBITDA | (5.35) | (5.20) | 8.81 | (0.57) | 5.35 | 4.99 | 1.19 | 0.01 |
| EBITDA margin | -73.8% | -12.3% | +14.7% | -23.9% | +20.8% | +20.7% | +10.5% | +0.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (5.35) | (5.20) | 8.81 | (0.58) | 5.38 | 5.04 | 1.22 | 0.11 |
| Tax | 0.00 | (2.28) | 2.28 | 0.20 | (0.10) | 0.24 | 0.31 | 0.05 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 63.53 | 12.93 | 3.84 | 0.16 | 0.00 | 0.04 | 0.33 |
| Revenue growth | +391.3% | +236.7% | +2300.0% | - | -100.0% | -87.9% | - |
| Other income | 0.16 | 0.10 | 0.04 | 0.02 | 1.87 | 0.09 | 0.09 |
| Total expenses | 52.56 | 11.94 | 3.19 | 0.33 | 0.55 | 0.41 | 0.57 |
| Employee cost | 0.14 | 0.28 | 0.06 | 0.13 | 0.28 | 0.16 | 0.12 |
| EBITDA | 10.97 | 0.99 | 0.65 | (0.17) | (0.55) | (0.37) | (0.24) |
| EBITDA margin | +17.3% | +7.7% | +16.9% | -106.3% | - | -925.0% | -72.7% |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.11 | 0.16 | 0.17 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 11.12 | 1.08 | 0.69 | (0.15) | 1.21 | (0.44) | (0.32) |
| Tax | 0.72 | 0.28 | 0.14 | 0.07 | 0.35 | (0.10) | (0.08) |
| Net profit | 10.40 | 0.80 | 0.55 | (0.22) | 0.15 | (0.34) | (0.24) |
| Net profit margin | +16.4% | +6.2% | +14.3% | -137.5% | - | -850.0% | -72.7% |
| EPS (₹) | 0.15 | 0.74 | 6.79 | (2.70) | 10.80 | (4.44) | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 71.22 | 10.90 | 0.90 | 0.89 | 0.89 | 0.89 | 0.89 |
| Reserves & surplus | 43.97 | 0.52 | (0.28) | (0.82) | (0.60) | (2.29) | (1.94) |
| Shareholders' funds (net worth) | 115 | 11.42 | 0.62 | 0.07 | 0.29 | (1.40) | (1.05) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.45 | 0.68 | 0.44 | 0.47 | 0.04 | 3.80 | 3.50 |
| Total debt | 0.45 | 0.68 | 0.44 | 0.47 | 0.04 | 3.80 | 3.50 |
| Total liabilities | 116 | 12.09 | 1.06 | 0.54 | 0.33 | 2.40 | 2.45 |
| Assets | |||||||
| Gross block | 0.08 | 0.06 | 0.06 | 0.04 | 0.25 | 4.38 | 4.38 |
| Net block | 0.06 | 0.05 | 0.06 | 0.00 | 0.02 | 2.85 | 3.01 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.50 | 2.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 11.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 46.46 | 7.73 | 3.86 | 0.17 | 0.00 | 0.03 | 0.00 |
| Cash & bank balances | 49.55 | 0.05 | 0.01 | 0.01 | 0.04 | 0.01 | 0.00 |
| Loans & advances | 8.07 | 12.24 | 0.04 | 1.21 | 0.07 | 0.12 | 0.06 |
| Total current assets | 116 | 20.02 | 3.91 | 1.39 | 0.11 | 0.16 | 0.06 |
| Total current liabilities | 3.23 | 10.75 | 3.20 | 1.20 | 0.15 | 0.19 | 0.23 |
| Net working capital | 113 | 9.27 | 0.71 | 0.19 | (0.04) | (0.03) | (0.17) |
| Total assets | 116 | 12.09 | 1.06 | 0.54 | 0.33 | 2.40 | 2.45 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.05 | 0.01 | 0.01 | 0.04 | 0.01 | 0.00 | 0.10 |
| Net cash from operating activities | (43.54) | (7.70) | 0.03 | (0.42) | (0.75) | (0.29) | (0.01) |
| Net cash from investing activities | (0.11) | (2.50) | 0.00 | (0.03) | 4.53 | 0.00 | (0.07) |
| Net cash from financing activities | 93.15 | 10.24 | (0.03) | 0.42 | (3.75) | 0.30 | (0.02) |
| Net change in cash | 49.50 | 0.04 | 0.00 | (0.02) | 0.03 | 0.01 | (0.10) |
| Closing cash | 49.55 | 0.05 | 0.01 | 0.01 | 0.04 | 0.01 | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +391.3% | +236.7% | +2300.0% | - | -100.0% | -87.9% | - |
| EBITDA growth | +1008.1% | +52.3% | +482.4% | +69.1% | -48.7% | -54.2% | - |
| PBT growth | +929.6% | +56.5% | +9998.0% | - | +9998.0% | -37.5% | +11.1% |
| Net income growth | +1200.0% | +45.5% | +350.0% | -246.7% | +144.1% | -41.7% | - |
| Revenue CAGR (3Y) | +635.0% | - | +357.9% | -21.4% | - | -59.7% | - |
| EBITDA CAGR (3Y) | - | - | - | -10.9% | +30.1% | - | -2.6% |
| Profitability & leverage | |||||||
| Net income margin | +16.4% | +6.2% | +14.3% | -137.5% | - | -850.0% | -72.7% |
| Return on capital employed | +17.4% | +16.1% | +72.3% | 0.0% | -37.2% | 0.0% | 0.0% |
| Return on net worth | +16.4% | +13.2% | +140.3% | 0.0% | -39.4% | 0.0% | 0.0% |
| Debt / equity | 0.01 | 0.09 | 1.32 | 1.42 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.01 | 0.09 | 1.32 | 1.30 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 907.57 | 215.50 | 76.80 | 1.10 | 0.00 | 0.01 | 0.08 |
| Inventory turnover | 10.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.60 |
| Debtors turnover | 2.34 | 2.23 | 1.91 | 1.88 | 0.00 | 2.67 | 0.00 |
| EPS (₹) | 0.15 | 0.74 | 6.79 | (2.70) | 10.80 | (4.44) | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 1.62 | 10.48 | 6.45 | (0.34) | 2.36 | (18.90) | (14.46) |
To see the full year-wise statements and ratios of Harshil Agrotech Limited, buy the company report.
Board of directors of Harshil Agrotech Limited
Harshil Agrotech has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankajkumar Patel Also directs: Xoroton Commercial Trade Limited | Managing Director | 10 Oct 2022 | 4 Years 0 Months | As last reported |
| Saloni Mehra Also directs: Davin Sons Retail Limited, Krishna Ventures Limited, Aar Shyam India Investment Company Limited and 5 more | Director | 19 Oct 2024 | 2 Years 0 Months | As last reported |
| Naveen Sharma Also directs: Sru Steels Limited, Giken Seiki Industries Limited | Director | 19 Oct 2024 | 2 Years 0 Months | As last reported |
| Jayaben Hirenbhai Patel | Director | 01 Jan 2024 | 2 Years 9 Months | As last reported |
Auditor
Harshil Agrotech Limited is audited by V S S B & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V S S B & Associates | FY 2023 | 121356W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 100.00% | 100.00% | 100.00% | 100.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 1988 | 90160758 | Bank of India | ₹2.73 Cr | Satisfied | |
| 05 Jul 1975 | 90165689 | Bank of India | ₹22 Lakh | Satisfied | |
| 24 Jul 1973 | 90165668 | Bank of India | ₹34.44 Lakh | Satisfied | |
| 21 Jul 1973 | 90165667 | Bank of India | ₹8.68 Cr | Satisfied |
To see the full charge records of Harshil Agrotech Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Harshil Agrotech Limited has 87 deals on record (86 market trades, 1 funding round), with disclosed funding of ₹49.38 Cr; the latest was in June 2026.
Deals on record (5 of 87)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹1.66 Cr | Seller: Neo Apex Venture LLP , 2 individuals |
| Oct 2025 | Market trade | ₹99 Lakh | Seller: Neo Apex Venture LLP |
| Oct 2025 | Market trade | ₹3.86 Cr | Buyer: Neo Apex Venture LLP , an individual Seller: Jekon Exports Private Limited , Neo Apex Venture LLP , an individual |
| Sep 2025 | Market trade | ₹14.82 Cr | Buyer: Globalworth Securities Limited , 3 individuals Seller: Pastime Solutions Private Limited , 3 individuals |
| Sep 2025 | Market trade | ₹2.56 Cr | Buyer: Neo Apex Venture LLP , 3 individuals Seller: 4 individuals |
To see the full deal history of Harshil 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
No court or tribunal cases involving Harshil Agrotech Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harshil Agrotech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harshil Agrotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4226F1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harshil Agrotech Limited, buy the company report.
Recent activity
Harshil Agrotech Limited has 24 board changes on record since 2012: 4 appointments and 20 cessations. The latest: Naveen Sharma ceased to be Additional Director on 27 Sep 2025.
26 earlier events are in the company report.
News
Frequently asked questions
Harshil Agrotech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Harshil Agrotech is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in agritech, within the agriculture industry. It was incorporated on 18 November 1972 and is registered under CIN L01611GJ1972PLC147529. Listed on BSE: 505336. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Harshil Agrotech reported revenue of ₹63.53 Cr for FY 2024-25 (up 391.3% YoY) based on standalone financials.
Harshil Agrotech has 4 current directors:
- Pankajkumar Patel - Managing Director
- Saloni Mehra - Director
- Naveen Sharma - Director
- Jayaben Hirenbhai Patel - Director
The latest financial statements of Harshil Agrotech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Harshil Agrotech is L01611GJ1972PLC147529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Harshil Agrotech is a listed company as per MCA records. Its shares are listed on BSE (code: 505336).
Harshil Agrotech has no open charges and satisfied charges of ₹11.97 Cr as per latest MCA filings.
Harshil Agrotech was incorporated on 18 November 1972. It is registered with the Registrar of Companies, Ahmedabad.
Harshil Agrotech has 87 deals on record (86 market trades, 1 funding round), with disclosed funding of ₹49.38 Cr; the latest was in June 2026.