About Kartar Agro Industries Pvt Ltd
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Kartar Agro Industries Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 27 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29211PB1990PTC010233. Its GSTIN is 03AAACK5915F1ZY (Punjab). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.46 Cr. It is led by directors including Jaspreet Kaur and Jasvir Kaur.
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 G.T. Road Jugiana, Ludhiana, Punjab, India – 141120.
As per the financials filed for FY 2024, the company reported a revenue of ₹549.63 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹19.62 Cr (net margin 3.6%) and EBITDA of ₹33.48 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 20% over five years.
The company has about 179 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹104.67 Cr and satisfied charges of ₹35.86 Cr on record. Court records list 27 cases involving the company, including 21 filed by the company and 6 filed against it; 3 cases are pending. The company has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.86 Cr; the latest was in March 2019. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 53 overdue payments to 52 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 kartarcombine.com.
Company details
Contact details
Kartar Agro Industries Pvt Ltd's registered office is in Ludhiana, Punjab. Its website is kartarcombine.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG.T. Road Jugiana, Ludhiana, Punjab, India – 141120
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Kartar Agro Industries Pvt Ltd, 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 Kartar Agro Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Kartar Agro Industries Pvt Ltd, buy the company report.
Financials of Kartar Agro Industries Pvt Ltd
FY 2024 filings availableKartar Agro Industries Pvt Ltd reported revenue of ₹549.63 Cr (up 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 44% growth in the latest year. EBITDA rose 33% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹33.48 Cr | ||||
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| Net Profit (PAT) | ₹19.62 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kartar Agro Industries Pvt Ltd, buy the company report.
Board of directors of Kartar Agro Industries Pvt Ltd
Kartar Agro Industries has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaspreet Kaur | Director | 01 Jan 2010 | 16 Years 10 Months | Current |
| Jasvir Kaur | Director | 01 Jan 2010 | 16 Years 10 Months | Current |
| Amarjit Singh Also directs: Kartar Tractors Private Limited, Kartar Brothers Private Limited | Director | 27 Mar 1990 | 36 Years 7 Months | Current |
| Manjeet Singh Also directs: Kartar Tractors Private Limited | Additional Director | 01 Apr 2003 | 23 Years 7 Months | Current |
| Harmeet Singh Also directs: Kartar Tractors Private Limited | Additional Director | 01 Aug 2004 | 22 Years 3 Months | Current |
Auditor
Kartar Agro Industries Pvt Ltd is audited by R.S.Khera & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.S.Khera & Associates | FY 2023 | 0006698N |
Shareholding
The shareholding of Kartar Agro Industries Pvt Ltd 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 Kartar Agro Industries Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2025 | 101111690 | Hdfc Bank Limited | ₹43.5 Lakh | Open | |
| 29 Apr 2025 | 101088070 | Hdfc Bank Limited | ₹9.68 Lakh | Open | |
| 28 Apr 2025 | 101086893 | Hdfc Bank Limited | ₹43.5 Lakh | Open | |
| 12 Mar 2025 | 101062475 | Hdfc Bank Limited | ₹22 Lakh | Open | |
| 31 Jul 2024 | 100975918 | Hdfc Bank Limited | ₹30.15 Lakh | Open |
To see the full charge records of Kartar Agro Industries Pvt Ltd, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Kartar Agro Industries Pvt Ltd has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.86 Cr; the latest was in March 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| May 2016 | Funding round | ₹56.5 Lakh | Investors: 4 individuals |
| Mar 2015 | Funding round | ₹64.8 Lakh | Investors: 4 individuals |
| Jul 2014 | Funding round | ₹1.84 Cr | Investors: 4 individuals |
| Mar 2013 | Funding round | ₹2.06 Cr | Investors: 4 individuals |
To see the full deal history of Kartar Agro Industries Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kartar Agro Industries Pvt Ltd has 27 court cases on record: 21 filed by Kartar Agro Industries, 6 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 4 | 2 |
| District courts | 8 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patiala, Punjab | Civil suit | Filed by the company against individuals | Pending |
| High Court | Court case (CWJC) | Filed by the company against The State of Bihar and Ors and 2 others | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Standard Corporation (India) | Pending |
| District court, Patiala, Punjab | Commercial suit | Filed against the company by an individual | Disposed |
| District court, Patiala, Punjab | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Kartar Agro Industries Pvt Ltd, 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
Kartar Agro Industries Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 53 overdue payments to 52 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 52)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| A.K. Steels, Chandigarh | |||
| Raja Gears Private Limited | |||
| Metal King, Phagwara | |||
| an individual supplier |
To see the full MSME payment records of Kartar Agro Industries Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kartar Agro Industries Pvt Ltd has a workforce of 179 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Kartar Agro Industries has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACK5915F1ZY | Punjab | Active | 01 Jul 2017 |
| 37AAACK5915F1ZN | Andhra Pradesh | Active | 01 Jul 2017 |
| 21AAACK5915F1Z0 | Odisha | Active | 27 Aug 2018 |
To see the full GST registrations and return filing status of Kartar Agro Industries Pvt Ltd, buy the company report.
Recent activity
Kartar Agro Industries Pvt Ltd has 6 board changes on record since 1990: 5 appointments and 1 cessation. The latest: Jaspreet Kaur was appointed as Director on 01 Jan 2010.
44 earlier events are in the company report.
Frequently asked questions
Kartar Agro Industries is an active private limited company based in Ludhiana, Punjab, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 27 March 1990 (36+ years old) and is registered under CIN U29211PB1990PTC010233.
Kartar Agro Industries has 5 current directors:
- Jaspreet Kaur - Director
- Jasvir Kaur - Director
- Amarjit Singh - Director
- Manjeet Singh - Additional Director
- Harmeet Singh - Additional Director
The latest financial statements of Kartar Agro Industries 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 Kartar Agro Industries is 03AAACK5915F1ZY, registered in Punjab. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 37AAACK5915F1ZN (Andhra Pradesh), 21AAACK5915F1Z0 (Odisha).
The CIN (Corporate Identification Number) of Kartar Agro Industries is U29211PB1990PTC010233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kartar Agro Industries has 27 court cases on record: 21 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.
Kartar Agro Industries was incorporated on 27 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.
Kartar Agro Industries has 10 deals on record (8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹8.86 Cr; the latest was in March 2019.
Jaspreet Kaur was appointed as Director on 01 Jan 2010. Jasvir Kaur was appointed as Director on 01 Jan 2010. Isher Singh ceased to be Additional Director on 01 Nov 2009. Kartar Agro Industries has 6 board changes on record in total.
Kartar Agro Industries has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 53 overdue payments to 52 micro and small suppliers. The latest return was filed on 01 Jun 2019.
Kartar Agro Industries can be reached through the website kartarcombine.com. Its registered office is in Ludhiana, Punjab, India.
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