Karnataka State Agro-Corn Products Limited
About Karnataka State Agro-Corn Products Limited
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Karnataka State Agro-Corn Products Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 06 April 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01100KA1973SGC002325. Its GSTIN is 29AAACK8518J1Z6 (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.44 Cr. It is led by directors including Anup Kumsi Gouda (Managing Director) and Narashimhegowda Cheluvaraya Swamy.
Its last annual general meeting (AGM) was held on 18 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at P.B. No 2479 Bellary Road Hebbal Bangalore Hebbal, Karnataka, India – 560024.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.11 Lakh, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹32.13 Lakh (net margin 47.2%) and EBITDA of ₹34.63 Lakh (EBITDA margin 50.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
Court records list 195 cases involving the company, including 73 filed by the company and 122 filed against it; 16 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Karnataka State Agro-Corn Products has one previous CIN (Corporate Identification Number): U01100KA1973PLC002325. The current CIN is U01100KA1973SGC002325, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01100KA1973SGC002325 | Current |
| U01100KA1973PLC002325 | Previous |
Contact details
Karnataka State Agro-Corn Products Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressP.B. No 2479 Bellary Road Hebbal Bangalore Hebbal, Karnataka, India – 560024
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Karnataka State Agro-Corn Products 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
Financials of Karnataka State Agro-Corn Products Limited
FY 2025 filings availableKarnataka State Agro-Corn Products Limited reported revenue of ₹68.11 Lakh (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 12% fall in the latest year. EBITDA fell 81% 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 | ₹34.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.13 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.8% | ||||
| Net Profit Margin | 47.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Karnataka State Agro-Corn Products Limited, buy the company report.
Board of directors of Karnataka State Agro-Corn Products Limited
Karnataka State Agro-Corn Products has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narashimhegowda Cheluvaraya Swamy | Nominee Director | 09 Jun 2023 | 3 Years 4 Months | Current |
| Honnalingappa Basavaraj Yalanadu | Nominee Director | 25 Jan 2024 | 2 Years 9 Months | Current |
| Anup Kumsi Gouda | Managing Director | 21 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Karnataka State Agro-Corn Products Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PMC Holidays Private Limited | ₹68.31 Lakh (FY 2025) | 1410.0% | Alappuzha, Kerala, India | |||
| Greenyuva Multitrade Private Limited | ₹68.2 Lakh (FY 2021) | Pune, Maharashtra, India | ||||
| Ganeriwala Projects Private Limited | ₹68.19 Lakh (FY 2024) | 139.0% | Kolkata, West Bengal, India | |||
| Biokraut Imex Private Limited | ₹68.17 Lakh (FY 2024) | -19.0% | Coimbatore, Tamil Nadu, India | |||
| Suripara Farmers Producer Company Limited | ₹68.14 Lakh (FY 2025) | 19.0% | Falakata, West Bengal, India | |||
| Karnataka State Agro-Corn Products Limitedthis company | ₹68.11 Lakh (FY 2025) | ₹32.13 Lakh | 47.2% | -12.0% | Bangalore, Karnataka, India | |
| Aakarshak Commercial Private Limited | ₹68.08 Lakh (FY 2025) | -32.0% | Kolkata, West Bengal, India | |||
| Mahamayee Farmers Producer Company Limited | ₹68.07 Lakh (FY 2022) | -18.0% | Sundargarh, Odisha, India | |||
| Vipra Business Consulting Services Private Limited | ₹68.06 Lakh (FY 2023) | 38.0% | Bishrakh, Uttar Pradesh, India | |||
| GRS Syndicate Private Limited | ₹68.02 Lakh (FY 2024) | 129.0% | Delhi, India | |||
| Anannya Agrochem Private Limited | ₹67.96 Lakh (FY 2025) | 35.0% | Junnar, Maharashtra, India |
To see the full peer comparison of Karnataka State Agro-Corn Products Limited, buy the company report.
Auditor
Karnataka State Agro-Corn Products Limited is audited by VINAY & KESHAVA LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINAY & KESHAVA LLP | FY 2023 | 00586S/S-200008 |
Shareholding
The shareholding of Karnataka State Agro-Corn Products 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 Karnataka State Agro-Corn Products Limited, buy the company report.
Legal cases
Karnataka State Agro-Corn Products Limited has 195 court cases on record: 73 filed by Karnataka State Agro-Corn Products, 122 filed against it. 16 cases are pending and 179 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 140 | 102 | 15 |
| District courts | 53 | 18 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 195)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Arlem Breweries Limited | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Ms Empee Distilleries Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Ms Skol Breweries Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed by the company against Ms Favorich Agro Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against The South India Flour Mills Ltd | Disposed |
To see the full case history of Karnataka State Agro-Corn Products 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 Karnataka State Agro-Corn Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnataka State Agro-Corn Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK8518J1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnataka State Agro-Corn Products Limited, buy the company report.
Recent activity
Karnataka State Agro-Corn Products Limited has 38 board changes on record since 2007: 4 appointments and 34 cessations. The latest: Anup Kumsi Gouda was appointed as Managing Director on 21 May 2025.
29 earlier events are in the company report.
Frequently asked questions
Karnataka State Agro-Corn Products is an active public limited state government company based in Bangalore, Karnataka, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 06 April 1973 (53+ years old) and is registered under CIN U01100KA1973SGC002325.
Karnataka State Agro-Corn Products has 3 current directors:
- Anup Kumsi Gouda - Managing Director
- Narashimhegowda Cheluvaraya Swamy - Nominee Director
- Honnalingappa Basavaraj Yalanadu - Nominee Director
The latest financial statements of Karnataka State Agro-Corn Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka State Agro-Corn Products is 29AAACK8518J1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Karnataka State Agro-Corn Products is U01100KA1973SGC002325. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka State Agro-Corn Products has 195 court cases on record: 73 filed by the company and 122 filed against it. 16 are pending. Most are in the high courts.
Karnataka State Agro-Corn Products was incorporated on 06 April 1973, making it 53+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Karnataka State Agro-Corn Products by revenue are PMC Holidays Private Limited, Greenyuva Multitrade Private Limited, Ganeriwala Projects Private Limited, Biokraut Imex Private Limited, Suripara Farmers Producer Company Limited and 5 more, all in the Agriculture industry (Agro Retail and Distribution).
Anup Kumsi Gouda was appointed as Managing Director on 21 May 2025. Devaraja Shivegowda Habakanahalli ceased to be Managing Director on 21 May 2025. Honnalingappa Basavaraj Yalanadu was appointed as Nominee Director on 25 Jan 2024. Karnataka State Agro-Corn Products has 38 board changes on record in total.
The registered office of Karnataka State Agro-Corn Products is at P.B. No 2479 Bellary Road Hebbal Bangalore Hebbal, Karnataka, India – 560024.
Karnataka State Agro-Corn Products operates in the agriculture industry, in the agro retail and distribution segment.
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