About Karthik Agro Industries Private Limited
Data last updated:
Karthik Agro Industries Private Limited is a private limited company based in Bagalkot, Karnataka, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 15 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15323KA2007PTC041485. Its GSTIN is 29AADCK2866J1Z4 (Karnataka).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹71.74 Cr. It was formerly known as Karthik Glucons Private Limited. It is led by directors Vandana Mashyal and Lingaraj Huchappa Mashyal.
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 Bagalkot, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹714.12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.25 Cr (net margin 1%) and EBITDA of ₹52.15 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 41% over five years.
The company has about 224 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karthikagro. As per MCA filings, the company has open charges of ₹270 Cr and satisfied charges of ₹46.78 Cr on record. Court records list 25 cases involving the company, including 12 filed by the company and 13 filed against it; 4 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹19.92 Cr; the latest was in January 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karthikagro.in.
Company details
Contact details
Karthik Agro Industries Private Limited's registered office is in Bagalkot, Karnataka. Its website is karthikagro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No 92 Hoolagere Village Near Iocl Petroleum Hubli Bijapur Highwa, Y Badami, Bagalkot, Karnataka, India – 587206
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Karthik Agro Industries 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
Brands
Karthik Agro Industries operates one associated brand: Karthikagro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| karthikagro.in |
Business activity
The main business activity of Karthik Agro Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Karthik Agro Industries Private Limited, buy the company report.
Financials of Karthik Agro Industries Private Limited
FY 2024 filings availableKarthik Agro Industries Private Limited reported revenue of ₹714.12 Cr (up 151% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 151% growth in the latest year. EBITDA rose 316% 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 | ₹52.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.25 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 | 7.3% | ||||
| Net Profit Margin | 1% | ||||
| 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 Karthik Agro Industries Private Limited, buy the company report.
Board of directors of Karthik Agro Industries Private Limited
Karthik Agro Industries has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandana Mashyal Also directs: Sangamnath Township LLP, Wali Mining Private Limited | Director | 15 Jan 2007 | 19 Years 9 Months | Current |
| Lingaraj Huchappa Mashyal Also directs: Sangamnath Township LLP, Wali Mining Private Limited | Director | 15 Jan 2007 | 19 Years 9 Months | Current |
Auditor
Karthik Agro Industries Private Limited is audited by CHARANTIMATH ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHARANTIMATH ASSOCIATES | FY 2023 | 000601S |
Shareholding
The shareholding of Karthik Agro Industries 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 Karthik Agro Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2025 | 101026287 | Others | ₹40 Cr | Open | |
| 02 May 2024 | 100917060 | Others | ₹50 Cr | Open | |
| 24 Aug 2023 | 100779192 | Others | ₹50 Cr | Open | |
| 17 Mar 2023 | 100689130 | Others | ₹50 Cr | Open | |
| 18 Mar 2022 | 100551808 | Others | ₹80 Cr | Open |
To see the full charge records of Karthik Agro Industries Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Karthik Agro Industries Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹19.92 Cr; the latest was in January 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Apr 2022 | Rights issue | ₹13 Cr | Investors: 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Wali Mining Works Private Limited, an individual Seller: Wali Mining Works Private Limited, an individual |
| Mar 2015 | Funding round | ₹66.1 Lakh | Investors: 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Karthik Agro Industries Private 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
Karthik Agro Industries Private Limited has 25 court cases on record: 12 filed by Karthik Agro Industries, 13 filed against it. 4 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
| High courts | 8 | 0 | 3 |
| Supreme Court | 5 | 1 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed against the company by Hermes Distilleries Pvt Ltd | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S Karnataka State Beverages Corporation Limited and 6 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S Karnataka State Beverages Corporation Limited and 6 others | Disposed |
| High Court, KARNATAKA | Appeal | Filed by the company against M/S Karnataka State Beverages Corporation Limited and 6 others | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against The Joint Commissioner of Commercail Taxes (Audit and 2 others | Disposed |
To see the full case history of Karthik Agro Industries 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.
Credit ratings & regulatory alerts
Karthik Agro Industries Private Limited was last rated by Brickwork on 27 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 27 Dec 2021 |
To see the full credit ratings and regulatory alerts of Karthik Agro Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karthik Agro Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karthik Agro Industries Private Limited has a workforce of 224 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Karthik Agro Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCK2866J1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karthik Agro Industries Private Limited, buy the company report.
Recent activity
Karthik Agro Industries Private Limited has 8 board changes on record since 2007: 5 appointments and 3 cessations. The latest: Shraddha Kartik Mashyal ceased to be Additional Director on 20 Jun 2024.
12 earlier events are in the company report.
Frequently asked questions
Karthik Agro Industries is an active private limited company based in Bagalkot, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 15 January 2007 (19+ years old) and is registered under CIN U15323KA2007PTC041485.
Karthik Agro Industries has 2 current directors:
- Vandana Mashyal - Director
- Lingaraj Huchappa Mashyal - Director
The latest financial statements of Karthik 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 Karthik Agro Industries is 29AADCK2866J1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Karthik Agro Industries is U15323KA2007PTC041485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karthik Agro Industries has 25 court cases on record: 12 filed by the company and 13 filed against it. 4 are pending. Most are in the district courts.
Karthik Agro Industries was incorporated on 15 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Karthik Agro Industries has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹19.92 Cr; the latest was in January 2024.
Shraddha Kartik Mashyal ceased to be Additional Director on 20 Jun 2024. Shraddha Kartik Mashyal was appointed as Additional Director on 04 Jan 2024. Kartik Mashyal ceased to be Additional Director on 30 Sep 2022. Karthik Agro Industries has 8 board changes on record in total.
Karthik Agro Industries can be reached through the website karthikagro.in. Its registered office is in Bagalkot, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
