About Karatagi Refineries Private Limited
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Karatagi Refineries Private Limited is a private limited company based in Gangavati, Karnataka, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 22 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15143KA2009PTC050996. Its GSTIN is 29AAECK1041N1ZE (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Raghvendra Kovvur and Sunil Kovvur Chandrashekhar Kumar.
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 Gangavati, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.62 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹1.15 Cr (net margin 44%) and EBITDA of ₹1.94 Cr (EBITDA margin 74.2%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 48% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website krplindia.net.
Company details
Contact details
Karatagi Refineries Private Limited's registered office is in Gangavati, Karnataka. Its website is krplindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.43/3 Marlanahalli Village Karatagi Gangavath, I Taluk, Gangavati, Karnataka, India – 583227
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Karatagi Refineries 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
Business activity
The main business activity of Karatagi Refineries is manufacturing. In detail, this covers manufacture of food products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products |
To see the full business activity and turnover split of Karatagi Refineries Private Limited, buy the company report.
Financials of Karatagi Refineries Private Limited
FY 2024 filings availableKaratagi Refineries Private Limited reported revenue of ₹2.62 Cr (down 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 71% fall in the latest year. EBITDA rose 325% 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 | ₹1.94 Cr | ||||
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| Net Profit (PAT) | ₹1.15 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 74.2% | ||||
| Net Profit Margin | 44% | ||||
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To see the full financial statements and ratios of Karatagi Refineries Private Limited, buy the company report.
Board of directors of Karatagi Refineries Private Limited
Karatagi Refineries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghvendra Kovvur | Director | 24 Sep 2013 | 13 Years 1 Months | Current |
| Sunil Kovvur Chandrashekhar Kumar Also directs: Ilc Iron & Steel Private Limited | Director | 30 Sep 2013 | 13 Years 1 Months | Current |
| Chandrashekhar Kovvur Also directs: Ilc Iron & Steel Private Limited, Ilc Industries Limited | Director | 22 Sep 2009 | 17 Years 1 Months | Current |
Auditor
Karatagi Refineries Private Limited is audited by SEENAM BHAT & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SEENAM BHAT & CO | FY 2023 | 018392S |
Shareholding
The shareholding of Karatagi Refineries 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 Karatagi Refineries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2013 | 10443316 | Karnataka State Financial Corporation | ₹5 Cr | Satisfied |
To see the full charge records of Karatagi Refineries Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Karatagi Refineries Private Limited has 1 court case on record: 1 filed by Karatagi Refineries. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Com. Ex. C.) | Filed by the company against M/S Cauvery Coffee Traders and 2 others | Disposed |
To see the full case history of Karatagi Refineries 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
No delayed payments to MSME suppliers are on our record for Karatagi Refineries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karatagi Refineries Private Limited has a workforce of 42 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Karatagi Refineries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECK1041N1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karatagi Refineries Private Limited, buy the company report.
Recent activity
Karatagi Refineries Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Somasekhar Kovvur ceased to be Director on 26 Dec 2018.
Frequently asked questions
Karatagi Refineries is an active private limited company based in Gangavati, Karnataka, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 22 September 2009 (17+ years old) and is registered under CIN U15143KA2009PTC050996.
Karatagi Refineries has 3 current directors:
- Raghvendra Kovvur - Director
- Sunil Kovvur Chandrashekhar Kumar - Director
- Chandrashekhar Kovvur - Director
The latest financial statements of Karatagi Refineries 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 Karatagi Refineries is 29AAECK1041N1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Karatagi Refineries is U15143KA2009PTC050996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karatagi Refineries has 1 court case on record: 1 filed by the company.
Karatagi Refineries was incorporated on 22 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Somasekhar Kovvur ceased to be Director on 26 Dec 2018. Raghvendra Kovvur ceased to be Additional Director on 30 Sep 2013. Sunil Kovvur Chandrashekhar Kumar was appointed as Director on 30 Sep 2013. Karatagi Refineries has 5 board changes on record in total.
Karatagi Refineries can be reached through the website krplindia.net. Its registered office is in Gangavati, Karnataka, India.
The registered office of Karatagi Refineries is at Survey No.433 Marlanahalli Village Karatagi Gangavath, I Taluk, Gangavati, Karnataka, India – 583227.
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