MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-13-0004743
Krishidhan Seeds Private Limited - agriculture in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹128.16 Cr
▼ 12% YoY
Net loss · FY 2019
₹47.96 Cr
Net margin -37.4%
EBITDA · FY 2019
-₹44.78 Cr
EBITDA margin -34.9%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹14.62 Cr
Issued & subscribed
Open charges
₹378.79 Cr
Satisfied ₹189.35 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
2
Provident fund records
About Krishidhan Seeds Private Limited
Data last updated:
Krishidhan Seeds Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 05 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U01111MP1996PTC017386. Its GSTIN is 23AABCK1652N1ZK (Madhya Pradesh). The company holds 19 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.62 Cr. It was formerly known as Krishidhan Seeds Limited. It is led by directors including Sushil Jainarayan Karwa (Managing Director) and Jainarayan Pusaram Karwa (Whole-Time Director).
Its latest financial statements are for the year ended 31 March 2019. The registered office is at 302 Royal House 11/3 Ushaganj, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2019, the company reported a revenue of ₹128.16 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹47.96 Cr (net margin -37.4%) and EBITDA of -₹44.78 Cr (EBITDA margin -34.9%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Krishidhan. As per MCA filings, the company has open charges of ₹378.79 Cr and satisfied charges of ₹189.35 Cr on record. Court records list 347 cases involving the company, including 91 filed by the company and 256 filed against it; 135 cases are pending. The company has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹161.07 Cr; the latest was in March 2016. Its 4 peer companies in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting) are compared by revenue, 1 larger and 3 smaller; the largest is Siri Seeds (India) Private Limited with revenue of ₹132.42 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 2 overdue payments to 1 micro and small supplier.
Krishidhan Seeds Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-13-0004743). 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 krishidhanseeds.com.
Company details
CIN U01111MP1996PTC017386
Registration Number 017386
Incorporation Date 05 February 1996
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Balance Sheet 31 March 2019
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-13-0004743
CIN history
Krishidhan Seeds has one previous CIN (Corporate Identification Number): U01111MP1996PLC017386. The current CIN is U01111MP1996PTC017386, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01111MP1996PTC017386 | Current |
| U01111MP1996PLC017386 | Previous |
Key People
Sushil Jainarayan Karwa Managing Director Jainarayan Pusaram Karwa Whole-Time Director Ashish Subhash Karwa Director Recognitions & Rankings of Krishidhan Seeds
Contact details
Krishidhan Seeds Private Limited's registered office is in Indore, Madhya Pradesh. Its website is krishidhanseeds.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address302 Royal House 11/3 Ushaganj, Indore, Madhya Pradesh, India – 452001
- IndustryAgriculture, Seed Production & Distribution
To see the full contact details of Krishidhan Seeds Private Limited, buy the company report.
Comprehensive company report
Krishidhan Seeds Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Krishidhan Seeds operates one associated brand: Krishidhan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Producer and supplier of hybrid seeds | krishidhanseeds.com |
Business activity
The main business activity of Krishidhan Seeds is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Krishidhan Seeds Private Limited, buy the company report.
Financials of Krishidhan Seeds Private Limited
FY 2019 filings availableKrishidhan Seeds Private Limited reported revenue of ₹128.16 Cr (down 12% YoY) for FY 2019.
Revenue · FY 2019
₹128.16 Cr ▼ 12%
Net loss · FY 2019
₹47.96 Cr margin -37.4%
EBITDA · FY 2019
-₹44.78 Cr margin -34.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 4%
5 years · compounded
▼ 8%
EBITDA CAGR growth
3 years · compounded
▼ 61%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 12% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹128.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹44.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47.96 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -34.9% | ||||
| Net Profit Margin | -37.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Krishidhan Seeds Private Limited, buy the company report.
Board of directors of Krishidhan Seeds Private Limited
Krishidhan Seeds has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Subhash Karwa | Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Sushil Jainarayan Karwa Also directs: Rajendra Agri Products Private Limited, Mariegold Infratech Private Limited, Shreeji Buildsquare Plus Private Limited and 1 more | Managing Director | 05 Feb 1996 | 30 Years 8 Months | Current |
| Jainarayan Pusaram Karwa | Whole-Time Director | 05 Feb 1996 | 30 Years 8 Months | Current |
Peer comparison
Krishidhan Seeds Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Siri Seeds (India) Private Limited | ₹132.42 Cr (FY 2025) | 43.0% | Hyderabad, Telangana, India | |||
| Krishidhan Seeds Private Limitedthis company | ₹128.16 Cr (FY 2019) | -₹47.96 Cr | -37.4% | -12.0% | 2 | Indore, Madhya Pradesh, India |
| Western Bio Vegetable Seeds Private Limited | ₹128.07 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Hi-Rich Seeds Private Limited | ₹126.04 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Rutu Crop Care Private Limited | ₹124.27 Cr (FY 2025) | -3.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Krishidhan Seeds Private Limited, buy the company report.
Auditor
Krishidhan Seeds Private Limited is audited by Loya & Mundada Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Loya & Mundada Associates | FY 2019 | 132811W |
Shareholding
The shareholding of Krishidhan Seeds Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Krishidhan Seeds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹378.79 Cr
Satisfied charges
₹189.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2016 | 10624243 | Gala No.34 | ₹50 Lakh | Open | |
| 23 Nov 2015 | 10609886 | Tjsb Sahakari Bank Limited | ₹4.5 Cr | Open | |
| 30 Dec 2013 | 10480044 | Bank of Maharashtra | ₹31 Cr | Open | |
| 03 Jun 2013 | 10436152 | Bank of Maharashtra | ₹5 Cr | Open | |
| 16 Apr 2013 | 10429627 | Bank of Maharashtra | ₹15 Cr | Open |
To see the full charge records of Krishidhan Seeds Private Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
Krishidhan Seeds Private Limited has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹161.07 Cr; the latest was in March 2016.
Total deals
14
Secondary share transfers
11
Funding rounds
3
Disclosed funding
₹161.07 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Mariegold Infratech Private Limited Seller: Summit Partners |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Mariegold Infratech Private Limited Seller: Summit Partners |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Mariegold Infratech Private Limited Seller: Summit Partners |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Mariegold Infratech Private Limited Seller: Summit Partners |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Mariegold Infratech Private Limited Seller: Summit Partners |
To see the full deal history of Krishidhan Seeds 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
Krishidhan Seeds Private Limited has 347 court cases on record: 91 filed by Krishidhan Seeds, 256 filed against it. 135 cases are pending and 212 are disposed.
Total cases
347
Filed by the company
91
Filed against the company
256
Pending
135
Disposed
212
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 276 | 213 | 114 |
| High courts | 49 | 28 | 14 |
| NCLAT | 11 | 9 | 7 |
| NCLT | 6 | 3 | 0 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 347)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Rajendra Agri Products Pvt. Ltd THR. Its Directors and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Axis Bank Limited | Pending |
| District court, Pune, Maharashtra | Court case (Cri.Rev.App.) | Filed by the company against Axis Bank Ltd.Etc and 3 others | Pending |
| High Court, MAHARASHTRA | Court case (CAO) | Filed by the company against M/S Akola Oil Industries Ltd. Through Its Official Liquidator and Another and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against Bionex Crop Sciences Pvt Ltd and 3 others | Disposed |
To see the full case history of Krishidhan Seeds 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
Krishidhan Seeds Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Krishidhan Seeds Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Krishidhan Seeds has 4 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Rajendra Agri Products Private | U01112MP1996PTC017387 | |
| Krishidhan Vegetable Seeds Private Limited | U01403MP2006PTC019048 | |
| SFPL Crop Life Science Private Limited | U24121MP1999PTC017388 | |
| Krishidhan Research Foundation Private Limiteded | U73100MP2006PTC019049 |
To see the full group structure of Krishidhan Seeds Private Limited, buy the company report.
Employees & EPFO
Krishidhan Seeds Private Limited has a workforce of 2 employees on its EPFO records as of Aug 19, 2025, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Employee growth
-50%
GST
Krishidhan Seeds has 19 GST registrations: 12 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
12
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCK1652N1ZK | Madhya Pradesh | Active | 01 Jul 2017 |
| 06AABCK1652N1ZG | Haryana | Active | 01 Jul 2017 |
| 08AABCK1652N1ZC | Rajasthan | Active | 01 Jul 2017 |
| 09AABCK1652N1ZA | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Krishidhan Seeds Private Limited, buy the company report.
Recent activity
Krishidhan Seeds Private Limited has 17 board changes on record since 1996: 3 appointments and 14 cessations. The latest: Ashish Subhash Karwa was appointed as Director on 01 Nov 2021.
Charges
A charge with Others of Rs. 102.40 Cr registered on 01 Dec 2006 with Charge ID 10029016 was modified on 22 Mar 2024.
Appointed
Ashish Subhash Karwa was appointed as Director.
Charges
A charge registered on 24 Jun 2013 via Charge ID 10433593 with Others was fully satisfied on 18 Apr 2019.
Charges
A charge registered on 31 Aug 2012 via Charge ID 10373216 with Others was fully satisfied on 18 Apr 2019.
Charges
A charge registered on 31 Aug 2012 via Charge ID 10373217 with Others was fully satisfied on 18 Apr 2019.
Filing
Krishidhan Seeds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Gwalior.
Charges
A charge registered on 31 Aug 2012 via Charge ID 10373250 with Others was fully satisfied on 01 Nov 2018.
Charges
A charge registered on 31 Aug 2012 via Charge ID 10373204 with Others was fully satisfied on 01 Nov 2018.
Charges
A charge with Others of Rs. 23.00 Cr registered on 24 Jun 2013 with Charge ID 10433593 was modified on 21 Dec 2016.
Charges
A charge with Others of Rs. 0.31 Cr registered on 31 Aug 2012 with Charge ID 10373250 was modified on 21 Dec 2016.
Charges
A charge with Others of Rs. 0.42 Cr registered on 31 Aug 2012 with Charge ID 10373204 was modified on 21 Dec 2016.
Charges
A charge with Others of Rs. 1.01 Cr registered on 31 Aug 2012 with Charge ID 10373216 was modified on 21 Dec 2016.
111 earlier events are in the company report.
Frequently asked questions
Krishidhan Seeds is an active private limited company based in Indore, Madhya Pradesh, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 05 February 1996 (30+ years old) and is registered under CIN U01111MP1996PTC017386.
Krishidhan Seeds has 3 current directors:
- Sushil Jainarayan Karwa - Managing Director
- Jainarayan Pusaram Karwa - Whole-Time Director
- Ashish Subhash Karwa - Director
The latest financial statements of Krishidhan Seeds on record with the MCA are for the year ended 31 March 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Krishidhan Seeds is 23AABCK1652N1ZK, registered in Madhya Pradesh. The company has 19 GST registrations in all, of which 12 are active and 7 are cancelled or inactive. Other active GSTINs include 06AABCK1652N1ZG (Haryana), 08AABCK1652N1ZC (Rajasthan), 09AABCK1652N1ZA (Uttar Pradesh).
The CIN (Corporate Identification Number) of Krishidhan Seeds is U01111MP1996PTC017386. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Krishidhan Seeds has 347 court cases on record: 91 filed by the company and 256 filed against it. 135 are pending. Most are in the district courts.
Krishidhan Seeds was incorporated on 05 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Gwalior.
Krishidhan Seeds has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹161.07 Cr; the latest was in March 2016.
The peers of Krishidhan Seeds by revenue are Siri Seeds (India) Private Limited, Western Bio Vegetable Seeds Private Limited, Hi-Rich Seeds Private Limited, Rutu Crop Care Private Limited, all in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting).
Ashish Subhash Karwa was appointed as Director on 01 Nov 2021. Omprakash Gulabchand Attal ceased to be Director on 03 Jan 2014. Pradip Vasant Dubhashi ceased to be Director on 16 Dec 2013. Krishidhan Seeds has 17 board changes on record in total.
Yes, Krishidhan Seeds is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-13-0004743).
Krishidhan Seeds has 2 MSME Form 1 returns on record between 2019 and 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 13 May 2020.