MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-23-0000216
Maarewa Sugars Private Limited
Maarewa Sugars Private Limited - agriculture in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹37.5 Cr
▼ 51% YoY
Net profit · FY 2025
₹1.62 Cr
Net margin 4.3%
EBITDA · FY 2025
₹4.05 Cr
EBITDA margin 10.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.39 Cr
Issued & subscribed
Open charges
₹41.24 Cr
Satisfied ₹51.6 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
24
Provident fund records
About Maarewa Sugars Private Limited
Data last updated:
Maarewa Sugars Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 22 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15122MP2015PTC033741. Its GSTIN is 23AAJCM5740R1ZX (Madhya Pradesh). 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 ₹9.39 Cr. It is led by directors Ankit Goyal and Rishabh Goyal.
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 105 1st Floor Orange Odyssey Block No. B Near Navlakha Square, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.5 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Cr (net margin 4.3%) and EBITDA of ₹4.05 Cr (EBITDA margin 10.8%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.24 Cr and satisfied charges of ₹51.6 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.55 Cr; the latest was in October 2018. Its 10 peer companies in the Agriculture industry (Sugar) are compared by revenue, 5 larger and 5 smaller; the largest is NPS Sugar Industries Private Limited with revenue of ₹38.74 Cr.
Maarewa Sugars Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0000216). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Maarewa Sugars Private Limited
CIN U15122MP2015PTC033741
Registration Number 033741
Incorporation Date 22 January 2015
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-23-0000216
Key People
Ankit Goyal Director Rishabh Goyal Director Recognitions & Rankings of Maarewa Sugars
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address105 1st Floor Orange Odyssey Block No. B Near Navlakha Square, Indore, Madhya Pradesh, India – 452001
- IndustryAgriculture, Sugar Processing
Comprehensive company report
Maarewa Sugars 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Maarewa Sugars Private Limited
The main business activity of Maarewa Sugars is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Maarewa Sugars Private Limited FY 2024 filings available
Maarewa Sugars Private Limited reported revenue of ₹37.5 Cr (down 51% YoY) for FY 2025.
Revenue · FY 2025
₹37.5 Cr ▼ 51%
Net profit · FY 2025
₹1.62 Cr margin 4.3%
EBITDA · FY 2025
₹4.05 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR) of Maarewa Sugars Private Limited
Revenue CAGR growth
1 year
▼ 51%
3 years · compounded
▼ 17%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 16%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 51% fall in the latest year. EBITDA fell 17% 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 of Maarewa Sugars Private Limited
| 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 | ₹4.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.62 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 of Maarewa Sugars Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maarewa Sugars are in the company report.
Premium access
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Maarewa Sugars Private Limited
Maarewa Sugars has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Goyal Also directs: Mekalsuta Sugars Private Limited, Mekalsuta Sugars Private Limited | Director | 08 Apr 2019 | 7 Years 6 Months | Current |
| Rishabh Goyal Also directs: Mekalsuta Sugars Private Limited, Mekalsuta Sugars Private Limited | Director | 08 Apr 2019 | 7 Years 6 Months | Current |
Peer Comparison of Maarewa Sugars Private Limited
Maarewa Sugars Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Sugar). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NPS Sugar Industries Private Limited | ₹38.74 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Nagpur, Maharashtra, India |
| Maa Yashoda Sugar Private Limited | ₹38.04 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Laharpur, Uttar Pradesh, India |
| Astalaxmi Sugar Ethanol & Energy Limited | ₹38 Cr (FY 2025) | •••• | •••• | 461.0% | •••• | Nashik, Maharashtra, India |
| Sri Basaveshwara Sugars Limited | ₹37.81 Cr (FY 2025) | •••• | •••• | 187.0% | •••• | Belgavi, Karnataka, India |
| Reva Sugar Industries Private Limited | ₹37.66 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Narsinghpur, Madhya Pradesh, India |
| Maarewa Sugars Private Limited this company | ₹37.5 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Indore, Madhya Pradesh, India |
| Girdharilal Sugar and Allied Industries Limited | ₹37.11 Cr (FY 2020) | •••• | •••• | -1.0% | •••• | Dewas, Madhya Pradesh, India |
| Saishyam Agrofood Products Private Limited | ₹37.07 Cr (FY 2021) | •••• | •••• | •••• | Agra, Uttar Pradesh, India | |
| Balaji Sugars Sales and Marketing Private Limited | ₹36.06 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Tungal, Karnataka, India |
| Shambhu Mahadev Sugar and Allied Industries Limited | ₹35.67 Cr (FY 2015) | •••• | •••• | -57.0% | •••• | Osmanabad, Maharashtra, India |
| Mudra Sugar Industries (India) Private Limited | ₹35.52 Cr (FY 2022) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maarewa Sugars by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Maarewa Sugars Private Limited
Maarewa Sugars Private Limited is audited by Mantri Ranjan & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mantri Ranjan & Associates | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Maarewa Sugars Private Limited
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Maarewa Sugars Private Limited
Open charges
₹41.24 Cr
Satisfied charges
₹51.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 2023 | Hdfc Bank Limited | ₹15 Cr | Open |
| 01 Sep 2022 | Hdfc Bank Limited | ₹21.61 Cr | Open |
| 22 Jul 2019 | State Bank of India | ₹4.63 Cr | Open |
| 18 Sep 2020 | State Bank of India | ₹5.75 Cr | Satisfied |
| 02 Feb 2016 | State Bank of India | ₹45.85 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Maarewa Sugars Private Limited
Maarewa Sugars Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.55 Cr; the latest was in October 2018.
Total deals
2
Funding rounds
2
Disclosed funding
₹9.55 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Funding round | ₹56 Lakh | Investors: 4 individuals |
| Mar 2015 | Funding round | ₹8.99 Cr | Investors: 4 individuals |
Premium access
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Maarewa Sugars Private Limited
Maarewa Sugars Private Limited has 1 court case on record: 1 filed by Maarewa Sugars. All case is pending. Status as checked on 02 Oct 2026.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (COMMS) | Filed by the company against an individual | Pending |
Premium access
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Maarewa Sugars Private Limited
Maarewa Sugars Private Limited has a workforce of 24 employees as of Mar 27, 2024.
Employee count
24
Active EPFO establishments
1
Employee growth
-33.33%
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Maarewa Sugars Private Limited
Maarewa Sugars Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Gagan Maheshwari ceased to be Director on 12 Sep 2019.
AGM
Maarewa Sugars Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Maarewa Sugars Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 23 Jan 2023 with Charge ID 100719502 was modified on 27 May 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 21.61 Cr registered on 01 Sep 2022 with Charge ID 100619760 was modified on 27 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100719502 was registered on 23 Jan 2023.
Charges
A charge registered on 18 Sep 2020 via Charge ID 100385703 with State Bank Of India was fully satisfied on 07 Oct 2022.
Charges
A charge registered on 02 Feb 2016 via Charge ID 100020075 with State Bank Of India was fully satisfied on 07 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.61 Cr with Charge ID 100619760 was registered on 01 Sep 2022.
Charges
A charge with State Bank Of India amounted to Rs. 5.75 Cr with Charge ID 100385703 was registered on 18 Sep 2020.
Ceased
Gagan Maheshwari ceased to be Director.
Ceased
Vaibhav Maheshwari ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.63 Cr with Charge ID 100291356 was registered on 22 Jul 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maarewa Sugars Private Limited
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Maarewa Sugars Private Limited
Premium access
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maarewa Sugars Private Limited
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maarewa Sugars Private Limited
Maarewa Sugars has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAJCM5740R1ZX | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AAJCM5740R2ZW | Madhya Pradesh | Active | 29 Nov 2018 |
| 27AAJCM5740R1ZP | Maharashtra | Active | 17 Jul 2023 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maarewa Sugars Private Limited
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maarewa Sugars Private Limited
Maarewa Sugars is an active private limited company based in Indore, Madhya Pradesh, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 22 January 2015 (11+ years old) and is registered under CIN U15122MP2015PTC033741.
Maarewa Sugars reported revenue of ₹37.5 Cr for FY 2025 (down 51% YoY).
Maarewa Sugars has 2 current directors:
- Ankit Goyal - Director
- Rishabh Goyal - Director
Maarewa Sugars reported a net profit of ₹1.62 Cr (net margin 4.3%) and EBITDA of ₹4.05 Cr (EBITDA margin 10.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maarewa Sugars is -17% over three years and -13% over five years. In the latest year (FY 2025) revenue fell 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maarewa Sugars is 23AAJCM5740R1ZX, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 23AAJCM5740R2ZW (Madhya Pradesh), 27AAJCM5740R1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Maarewa Sugars is U15122MP2015PTC033741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maarewa Sugars has 1 court case on record: 1 filed by the company. 1 is pending.
Maarewa Sugars was incorporated on 22 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Gwalior.
Maarewa Sugars has 2 deals on record (2 funding rounds), with disclosed funding of ₹9.55 Cr; the latest was in October 2018.
The peers of Maarewa Sugars by revenue are NPS Sugar Industries Private Limited, Maa Yashoda Sugar Private Limited, Astalaxmi Sugar Ethanol & Energy Limited, Sri Basaveshwara Sugars Limited, Reva Sugar Industries Private Limited and 5 more, all in the Agriculture industry (Sugar).