India's Richest People 2026 edition · 1 director · Source: Hurun India
- #408 Sailesh Chimanlal Mehta & family ₹9,100 Cr
Revenue · FY 2025
₹5,453.49 Cr
▲ 30% YoY
Net profit · FY 2025
₹146.44 Cr
Net margin 2.7%
EBITDA · FY 2025
₹486.38 Cr
EBITDA margin 8.9%
Authorised capital
₹35.5 Cr
Registered with MCA
Paid-up capital
₹20.56 Cr
Issued & subscribed
Open charges
₹6,287.89 Cr
Satisfied ₹11,054 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
1,026
Provident fund records
About Mahadhan Agritech Limited
Data last updated:
Mahadhan Agritech Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Deepak Fertilisers And Petrochemicals Corporation Ltd. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 21 January 1987 and has been in existence for over 39 years.
Its director Sailesh Chimanlal Mehta and family are #408 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U67120PN1987PLC166034. Its GSTIN is 03AACCA5046P1ZN (Punjab). The company holds 20 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹35.5 Cr and a paid-up capital of ₹20.56 Cr. It was formerly known as Arlem Investment Finance Limited and Smartchem Technologies Private Limited. It is led by directors including Sailesh Chimanlal Mehta (Managing Director) and Yeshil Sailesh Mehta (Managing Director).
Its last annual general meeting (AGM) was held on 09 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sai Hira Survey No.93 Mundhwa, Pune, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,453.49 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹146.44 Cr (net margin 2.7%) and EBITDA of ₹486.38 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company has about 1,026 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: Mahadhan Agritech, Mahadhan and Mahadhan Agritech Limited. As per MCA filings, the company has open charges of ₹6,287.89 Cr and satisfied charges of ₹11,054 Cr on record. Court records list 70 cases involving the company, including 41 filed by the company and 29 filed against it; 59 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹2,744.64 Cr; the latest was in October 2019. Its 6 peer companies in the Business Services industry (Agritech, Fertilizers, Mall Management), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 4 smaller; the largest is Gujarat State Fertilizers & Chemicals Limited with revenue of ₹9,848.64 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2023, listing 6,731 overdue payments to 454 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartchem.co.in.
Company details
CIN U67120PN1987PLC166034
Registration Number 166034
Incorporation Date 21 January 1987
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 09 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Deepak Fertilisers And Petrochemicals Corporation Ltd
Compliance Status Active Compliant
Name history
Mahadhan Agritech has undergone 3 name changes throughout its history. The company was previously known as Arlem Investment Finance Limited, Smartchem Technologies Private Limited, and Arlem Investment And Finance Limited. The current legal name is Mahadhan Agritech Limited.
| Company Name | Status |
|---|---|
| Mahadhan Agritech Limited | Current |
| Arlem Investment Finance Limited | Previous |
| Smartchem Technologies Private Limited | Previous |
| Arlem Investment And Finance Limited | Previous |
CIN history
Mahadhan Agritech has one previous CIN (Corporate Identification Number): U67120AP1987PLC039114. The current CIN is U67120PN1987PLC166034, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120PN1987PLC166034 | Current |
| U67120AP1987PLC039114 | Previous |
Key People
Sailesh Chimanlal Mehta Managing Director Yeshil Sailesh Mehta Managing Director Madhumilan Parshuram Shinde Director Recognitions & Rankings of Mahadhan Agritech
Contact details
Mahadhan Agritech Limited's registered office is in Pune, Maharashtra. Its website is smartchem.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSai Hira Survey No.93 Mundhwa, Pune, Maharashtra, India – 411036
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Mahadhan Agritech Limited, buy the company report.
Comprehensive company report
Mahadhan Agritech 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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Brands
Mahadhan Agritech operates multiple associated brands including Mahadhan Agritech, Mahadhan, and Mahadhan Agritech Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures NPK and specialty fertilizers, provides crop nutrition and ammonium nitrate solutions. | mahadhanagritech.com | |
| Fertilizer manufacturing and distribution in India, focusing on agricultural support. | mahadhan.co.in | |
| Mahadhan Agritech Limited is engaged in manufacturing fertilizers and chemicals. | smartchem.co.in |
Business activity
The main business activity of Mahadhan Agritech 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 Mahadhan Agritech Limited, buy the company report.
Financials of Mahadhan Agritech Limited
FY 2024 filings availableMahadhan Agritech Limited reported revenue of ₹5,453.49 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹5,453.49 Cr ▲ 30%
Net profit · FY 2025
₹146.44 Cr margin 2.7%
EBITDA · FY 2025
₹486.38 Cr margin 8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 18%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 390%
3 years · compounded
▲ 21%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 30% growth in the latest year. EBITDA rose 390% 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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| Total Expenses | |||||
| EBITDA | ₹486.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹146.44 Cr | ||||
| 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 | 8.9% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mahadhan Agritech Limited, buy the company report.
Board of directors of Mahadhan Agritech Limited
Mahadhan Agritech has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Showing 6 of 7 current directors. View all directors
Peer comparison
Mahadhan Agritech Limited is compared with the 6 companies closest to it by revenue in the Business Services industry (Agritech, Fertilizers, Mall Management), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Gujarat Narmada Valley Fertilizers & Chemicals Limited | ₹8,393.42 Cr (FY 2025) | 0.0% | Gujarat, India | |||
| Mahadhan Agritech Limitedthis company | ₹5,453.49 Cr (FY 2025) | ₹146.44 Cr | 2.7% | 30.0% | Pune, Maharashtra, India | |
| Yara Fertilisers India Private Limited | ₹5,356.79 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Ramagundam Fertilizers and Chemicals Limited | ₹5,291.2 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Natco Pharma Limited | ₹4,784 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India | |||
| Fertilisers and Chemicals Travancore Ltd | ₹4,267.36 Cr (FY 2025) | -19.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Mahadhan Agritech Limited, buy the company report.
Auditor
Mahadhan Agritech Limited is audited by B. K. Khare & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co | FY 2023 | 105102W |
Shareholding
The shareholding of Mahadhan Agritech 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 Mahadhan Agritech Limited, buy the company report.
Charges & borrowings
Open charges
₹6,287.89 Cr
Satisfied charges
₹11,054 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2024 | 100975087 | Others | ₹127 Cr | Open | |
| 31 Oct 2022 | 100626613 | Others | ₹1,540.89 Cr | Open | |
| 21 Oct 2022 | 100640949 | Others | ₹120 Cr | Open | |
| 11 Sep 2018 | 100203315 | Others | ₹300 Cr | Open | |
| 28 Jun 2018 | 100190844 | Sbicap Trustee Company Limited | ₹4,200 Cr | Open |
To see the full charge records of Mahadhan Agritech Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Mahadhan Agritech Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹2,744.64 Cr; the latest was in October 2019.
Total deals
7
Secondary share transfers
4
Funding rounds
2
Convertible or debt financing
1
Disclosed funding
₹2,744.64 Cr
Deals on record (4 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Funding round | ₹2,516.64 Cr | Investors: Deepak Fertilisers and Petrochemicals Corporation Ltd , Deepak Fertilisers And Petrochemicals Corporation Limited & Parul S Mehta, Deepak Fertilisers And Petrochemicals Corporation Limited & Raghuraman Sriraman |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Deepak Fertilisers And Petrochemicals Corporation Limited & Raghuraman Sriraman, Deepak Fertilisers And Petrochemicals Corporation Limited & Tapankumar Chatterjee, Deepak Fertilisers And Petrochemicals Corporation Limited & Ashok Prafulchandra Shah Seller: Deepak Fertilisers And Petrochemicals Corporation Limited & Kantilala D Parekh, Deepak Fertilisers And Petrochemicals Corporation Limited & Dhirajlal D Parekh, Deepak Fertilisers And Petrochemicals Corporation Limited & Jyotsna K Parekh |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: Deepak Fertilisers and Petrochemicals Corporation Ltd |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: Deepak Fertilisers and Petrochemicals Corporation Ltd |
To see the full deal history of Mahadhan Agritech 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
Mahadhan Agritech Limited has 70 court cases on record: 41 filed by Mahadhan Agritech, 29 filed against it. 59 cases are pending and 11 are disposed.
Total cases
70
Filed by the company
41
Filed against the company
29
Pending
59
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 61 | 29 | 55 |
| High courts | 9 | 0 | 4 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panipat, Haryana | Commercial suit | Filed against the company by State of Haryana | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed against the company by On Behalf of the State Fertilizer Inspector and Assistant Director of Agriculture (Enforcement-2), | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by State of Maharashtra Through Shri Dilip Patilbuwa Wagh Agriculture Officer Q C and F O | Pending |
| District court, Jalgaon, Maharashtra | Court case (R.C.C.) | Filed against the company by State of Maharashtra | Pending |
| District court, Jalgaon, Maharashtra | Court case (R.C.C.) | Filed against the company | Pending |
To see the full case history of Mahadhan Agritech 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
Mahadhan Agritech Limited was last rated by Care on 24 Oct 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Oct 2018 |
To see the full credit ratings and regulatory alerts of Mahadhan Agritech Limited, buy the company report.
MSME payment delays
Mahadhan Agritech Limited has 17 MSME Form 1 returns on record between 2019 and 2023, listing 6,731 overdue payments to 454 micro and small suppliers. 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 (5 of 454)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| CCR Trans Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Multiskill Engineering Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mahadhan Agritech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mahadhan Agritech has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Mahadhan Farm Technologies Private Limited | U01110MH2003PTC140539 | |
| Performance Chemiserve Limited | U24239PN2006PLC022101 |
To see the full group structure of Mahadhan Agritech Limited, buy the company report.
GST
Mahadhan Agritech has 20 GST registrations: 11 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
11
Cancelled / inactive
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCA5046P1ZN | Punjab | Active | 01 Jul 2017 |
| 09AACCA5046P2ZA | Uttar Pradesh | Active | 01 Jul 2017 |
| 21AACCA5046P1ZP | Odisha | Active | 01 Jul 2017 |
| 24AACCA5046P1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahadhan Agritech Limited, buy the company report.
Recent activity
Mahadhan Agritech Limited has 26 board changes on record since 2000: 7 appointments and 19 cessations. The latest: Deepak Rastogi ceased to be CFO on 31 Jul 2024.
Charges
A charge registered on 06 Nov 2023 via Charge ID 100819217 with Others was fully satisfied on 20 Sep 2025.
Charges
A charge registered on 28 Mar 2022 via Charge ID 100551969 with Others was fully satisfied on 21 May 2025.
Charges
A charge registered on 02 Aug 2023 via Charge ID 100772349 with Others was fully satisfied on 25 Sep 2024.
AGM
Mahadhan Agritech Limited last Annual general meeting of members was held on 09 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 127.00 Cr with Charge ID 100975087 was registered on 09 Sep 2024.
Charges
A charge registered on 06 Nov 2023 via Charge ID 100819166 with Standard Chartered Bank was fully satisfied on 03 Sep 2024.
Ceased
Deepak Rastogi ceased to be CFO.
Charges
A charge registered on 11 May 2018 via Charge ID 100181523 with State Bank Of India was fully satisfied on 20 May 2024.
Filing
Mahadhan Agritech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Pankaj Gupta ceased to be Company Secretary.
Charges
A charge registered on 31 Aug 2021 via Charge ID 100478349 with Others was fully satisfied on 29 Feb 2024.
Charges
A charge registered on 11 Jun 2021 via Charge ID 100465670 with Bank Of India was fully satisfied on 12 Feb 2024.
79 earlier events are in the company report.
News
Frequently asked questions
Mahadhan Agritech is an active public limited company based in Pune, Maharashtra, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 21 January 1987 (39+ years old) and is registered under CIN U67120PN1987PLC166034.
Mahadhan Agritech has 7 current directors:
- Sailesh Chimanlal Mehta - Managing Director
- Yeshil Sailesh Mehta - Managing Director
- Madhumilan Parshuram Shinde - Director
- Parul Sailesh Mehta - Director
- Bhuwan Chandra Tripathi - Director
- Partha Sarathi Bhattacharyya - Director
- Tapan Kumar Chatterjee - Director
The latest financial statements of Mahadhan Agritech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahadhan Agritech is 03AACCA5046P1ZN, registered in Punjab. The company has 20 GST registrations in all, of which 11 are active and 9 are cancelled or inactive. Other active GSTINs include 09AACCA5046P2ZA (Uttar Pradesh), 21AACCA5046P1ZP (Odisha), 24AACCA5046P1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Mahadhan Agritech is U67120PN1987PLC166034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahadhan Agritech has 70 court cases on record: 41 filed by the company and 29 filed against it. 59 are pending. Most are in the district courts.
Mahadhan Agritech was incorporated on 21 January 1987, making it 39+ years old. It is registered with the Registrar of Companies, Pune.
Mahadhan Agritech has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹2,744.64 Cr; the latest was in October 2019.
The peers of Mahadhan Agritech by revenue are Gujarat State Fertilizers & Chemicals Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Yara Fertilisers India Private Limited, Ramagundam Fertilizers and Chemicals Limited, Natco Pharma Limited and 1 more, all in the Business Services industry (Agritech, Fertilizers, Mall Management), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Deepak Rastogi ceased to be CFO on 31 Jul 2024. Pankaj Gupta ceased to be Company Secretary on 31 Mar 2024. Bhuwan Chandra Tripathi ceased to be Additional Director on 08 Aug 2023. Mahadhan Agritech has 26 board changes on record in total.
Mahadhan Agritech has 17 MSME Form 1 returns on record between 2019 and 2023, listing 6,731 overdue payments to 454 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Mahadhan Agritech can be reached through the website smartchem.co.in. Its registered office is in Pune, Maharashtra, India.