MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-32-0000828
Krushiraj Sugar Limited
Krushiraj Sugar Limited - agriculture in Solapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹25.02 Cr
▲ 16% YoY
Net loss · FY 2023
₹2.95 Cr
Net margin -11.8%
EBITDA · FY 2023
₹13.55 Lakh
EBITDA margin 0.5%
Authorised capital
₹6.02 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹29.43 Cr
Satisfied ₹10 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
80
Provident fund records
About Krushiraj Sugar Limited
Data last updated:
Krushiraj Sugar Limited is a public limited company based in Solapur, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 16 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2012PLC142596. Its GSTIN is 27AAECK7350A1ZT (Maharashtra).
The company has an authorised share capital of ₹6.02 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as Krushiraj Sugar Private Limited. It is led by directors including Prasad Mahesh Patil and Baliram Yashwant Rao Patil.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at At Post Bhose Tal – Pandharpur Dist – Solapur, Maharashtra, India – 413315.
As per the financials filed for FY 2023, the company reported a revenue of ₹25.02 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹2.95 Cr (net margin -11.8%) and EBITDA of ₹13.55 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years.
The company has about 80 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹29.43 Cr and satisfied charges of ₹10 Cr on record. Court records list 16 cases involving the company, including 16 filed against it; 12 cases are pending.
Krushiraj Sugar Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-32-0000828). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U15421PN2012PLC142596
Registration Number 142596
Incorporation Date 16 March 2012
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-32-0000828
CIN history
Krushiraj Sugar has one previous CIN (Corporate Identification Number): U15421PN2012PTC142596. The current CIN is U15421PN2012PLC142596, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15421PN2012PLC142596 | Current |
| U15421PN2012PTC142596 | Previous |
Key People
Ashish Baliram Patil Additional Director Prasad Mahesh Patil Director Baliram Yashwant Rao Patil Director Recognitions & Rankings of Krushiraj Sugar
Contact details
Krushiraj Sugar Limited's registered office is in Solapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt Post Bhose Tal – Pandharpur Dist – Solapur, Maharashtra, India – 413315
- IndustryAgriculture, Sugar Processing
To see the full contact details of Krushiraj Sugar Limited, buy the company report.
Comprehensive company report
Krushiraj Sugar 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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Business activity
The main business activity of Krushiraj Sugar is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Krushiraj Sugar Limited, buy the company report.
Financials of Krushiraj Sugar Limited
FY 2023 filings availableKrushiraj Sugar Limited reported revenue of ₹25.02 Cr (up 16% YoY) for FY 2023.
Revenue · FY 2023
₹25.02 Cr ▲ 16%
Net loss · FY 2023
₹2.95 Cr margin -11.8%
EBITDA · FY 2023
₹13.55 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▼ 97%
3 years · compounded
▼ 60%
Revenue has grown at a compounded annual rate (CAGR) of 51% over three years, including 16% growth in the latest year. EBITDA fell 97% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.95 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | -11.8% | ||||
| 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 Krushiraj Sugar Limited, buy the company report.
Board of directors of Krushiraj Sugar Limited
Krushiraj Sugar has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Baliram Patil | Additional Director | 24 Apr 2024 | 2 Years 6 Months | Current |
| Prasad Mahesh Patil | Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Baliram Yashwant Rao Patil | Director | 14 Jul 2022 | 4 Years 3 Months | Current |
| Ganesh Pandurang Patil | Director | 28 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Krushiraj Sugar Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Dattaprabhu Agro Industries Private Limited | ₹26.69 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Bharati Sugars & Fuels Private Limited | ₹26.47 Cr (FY 2024) | Miraj, Maharashtra, India | ||||
| Krushiraj Sugar Limitedthis company | ₹25.02 Cr (FY 2023) | -₹2.95 Cr | -11.8% | 16.0% | 80 | Solapur, Maharashtra, India |
| Bhimashankar Sugar Mills Private Limited | ₹24.9 Cr (FY 2024) | -6.0% | Usmanabad, Maharashtra, India | |||
| S. J. Sugar Distillery & Power Private Limited | ₹24.38 Cr (FY 2023) | 1006.0% | Mumbai, Maharashtra, India | |||
| Baghauli Sugar and Distillery Limited | ₹24.18 Cr (FY 2024) | 40200.0% | Lalgudi, Tamil Nadu, India |
To see the full peer comparison of Krushiraj Sugar Limited, buy the company report.
Auditor
Krushiraj Sugar Limited is audited by Dileep Phadnis & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dileep Phadnis & Co. | FY 2023 | 102545W |
Shareholding
The shareholding of Krushiraj Sugar 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 Krushiraj Sugar Limited, buy the company report.
Charges & borrowings
Open charges
₹29.43 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2022 | 100644489 | Others | ₹1.38 Cr | Open | |
| 07 Sep 2021 | 100504237 | Others | ₹2.74 Cr | Open | |
| 07 Sep 2021 | 100505365 | Others | ₹2 Cr | Open | |
| 30 Jan 2021 | 100452503 | Others | ₹7 Cr | Open | |
| 30 Jan 2020 | 100383873 | Others | ₹1.5 Cr | Open |
To see the full charge records of Krushiraj Sugar Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Krushiraj Sugar Limited has 16 court cases on record: 16 filed against it. 12 cases are pending and 4 are disposed.
Total cases
16
Filed against the company
16
Pending
12
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 12 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by Bank of Baroda Branch Ropale Through Branch Officer Ganesh Natha Mule | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY) | Filed against the company by Amritlal Pukhraj Singhvi Through His Constituted Authority Mukesh Amritlal Shinghvi | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Pending |
To see the full case history of Krushiraj Sugar 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
Krushiraj Sugar Limited was last rated by Care on 23 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Jun 2022 |
To see the full credit ratings and regulatory alerts of Krushiraj Sugar Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Krushiraj Sugar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Krushiraj Sugar Limited has a workforce of 80 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
80
Active EPFO establishments
1
Employee growth
21.21%
GST
Krushiraj Sugar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK7350A1ZT | Maharashtra | Active | 14 Sep 2017 |
To see the full GST registrations and return filing status of Krushiraj Sugar Limited, buy the company report.
Recent activity
Krushiraj Sugar Limited has 10 board changes on record since 2020: 4 appointments and 6 cessations. The latest: Ashish Baliram Patil was appointed as Additional Director on 24 Apr 2024.
Charges
A charge registered on 23 Mar 2022 via Charge ID 100551837 with Others was fully satisfied on 28 Jun 2024.
Appointed
Ashish Baliram Patil was appointed as Additional Director.
AGM
Krushiraj Sugar Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Krushiraj Sugar Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.
Ceased
Shriniwas Mahesh Patil ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 1.38 Cr with Charge ID 100644489 was registered on 16 Sep 2022.
Appointed
Baliram Yashwant Rao Patil was appointed as Director.
Appointed
Ganesh Pandurang Patil was appointed as Director.
Ceased
Ashish Baliram Patil ceased to be Director.
Ceased
Baliram Yashwant Rao Patil ceased to be Director.
Ceased
Ganesh Pandurang Patil ceased to be Director.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100551837 was registered on 23 Mar 2022.
9 earlier events are in the company report.
Frequently asked questions
Krushiraj Sugar is an active public limited company based in Solapur, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 16 March 2012 (14+ years old) and is registered under CIN U15421PN2012PLC142596.
Krushiraj Sugar has 4 current directors:
- Ashish Baliram Patil - Additional Director
- Prasad Mahesh Patil - Director
- Baliram Yashwant Rao Patil - Director
- Ganesh Pandurang Patil - Director
The latest financial statements of Krushiraj Sugar on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Krushiraj Sugar is 27AAECK7350A1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Krushiraj Sugar is U15421PN2012PLC142596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Krushiraj Sugar has 16 court cases on record: 16 filed against it. 12 are pending. Most are in the district courts.
Krushiraj Sugar was incorporated on 16 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Krushiraj Sugar by revenue are Shri Dattaprabhu Agro Industries Private Limited, Bharati Sugars & Fuels Private Limited, Bhimashankar Sugar Mills Private Limited, S. J. Sugar Distillery & Power Private Limited, Baghauli Sugar and Distillery Limited, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Ashish Baliram Patil was appointed as Additional Director on 24 Apr 2024. Shriniwas Mahesh Patil ceased to be Additional Director on 30 Sep 2022. Baliram Yashwant Rao Patil was appointed as Director on 14 Jul 2022. Krushiraj Sugar has 10 board changes on record in total.
Yes, Krushiraj Sugar is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-32-0000828).
The registered office of Krushiraj Sugar is at At Post Bhose Tal – Pandharpur Dist – Solapur, Maharashtra, India – 413315.
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