About Maharashtra Insectcides Limited
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Maharashtra Insectcides Limited is a private limited state government company based in Akola, Maharashtra, India, a subsidiary of The Maharashtra Agro Industries Development Corporation Limited. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 10 May 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U24210MH1984SGC032856. Its GSTIN is 27AABCM8932B1ZM (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Mangesh Manohar Gondavale and Sujit Shashikant Sonavane.
Its last annual general meeting (AGM) was held on 13 February 2024, and its latest financial statements are for the year ended 31 March 2022. The registered office is at C – 4 MIDC Industrial Area Opp. Airport Shivani, Akola, Maharashtra, India – 444104.
As per the financials filed for FY 2022, the company reported a revenue of ₹53.1 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹2.95 Cr (net margin 5.6%) and EBITDA of ₹4.16 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 18% over five years.
As per MCA filings, the company has satisfied charges of ₹9.3 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maidcmumbai.com.
Company details
CIN history
Maharashtra Insectcides has one previous CIN (Corporate Identification Number): U24210MH1984PTC032856. The current CIN is U24210MH1984SGC032856, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24210MH1984SGC032856 | Current |
| U24210MH1984PTC032856 | Previous |
Contact details
Maharashtra Insectcides Limited's registered office is in Akola, Maharashtra. Its website is maidcmumbai.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 4 MIDC Industrial Area Opp. Airport Shivani, Akola, Maharashtra, India – 444104
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Maharashtra Insectcides 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
Business activity
The main business activity of Maharashtra Insectcides 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 Maharashtra Insectcides Limited, buy the company report.
Financials of Maharashtra Insectcides Limited
FY 2022 filings availableMaharashtra Insectcides Limited reported revenue of ₹53.1 Cr (up 48% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 48% growth in the latest year. EBITDA rose 84% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹53.1 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.95 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 5.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Maharashtra Insectcides Limited, buy the company report.
Board of directors of Maharashtra Insectcides Limited
Maharashtra Insectcides has 6 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangesh Manohar Gondavale | Nominee Director | 31 Aug 2023 | 3 Years 1 Months | Current |
| Sujit Shashikant Sonavane | Nominee Director | 29 Jan 2020 | 6 Years 8 Months | Current |
| Vijay Ramchandra Patharkar | Nominee Director | 31 Jul 2019 | 7 Years 2 Months | Current |
| Pravin Digambarrao Deshmukh | Nominee Director | 06 Apr 2023 | 3 Years 6 Months | Current |
| Ganesh Baburao Patil | Nominee Director | 22 Feb 2019 | 7 Years 8 Months | Current |
| Devanand Sahadu Duthade | Nominee Director | 28 Feb 2024 | 2 Years 7 Months | Current |
Peer comparison
Maharashtra Insectcides Limited is compared with the 9 companies closest to it by revenue in the Agriculture industry (Fertilizers), 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 |
|---|---|---|---|---|---|---|
| Sri Balaji Agri Chem (India) Private Limited | ₹56.16 Cr (FY 2025) | 203.0% | Hyderabad, Telangana, India | |||
| Savio Bio Organic and Fertilizers Private Limited | ₹56 Cr (FY 2025) | 13.0% | Belgaum, Karnataka, India | |||
| Margo Biocontrols Private Limited | ₹55.42 Cr (FY 2025) | 15.0% | Tumkur, Karnataka, India | |||
| Progressive Fertichem Private Limited | ₹53.4 Cr (FY 2024) | -46.0% | Jagiroad, Assam, India | |||
| Jaikisan Agrotech India Limited | ₹53.33 Cr (FY 2025) | 36.0% | Aurangabad, Maharashtra, India | |||
| Maharashtra Insectcides Limitedthis company | ₹53.1 Cr (FY 2022) | ₹2.95 Cr | 5.6% | 48.0% | Akola, Maharashtra, India | |
| Shree Agro Crop Sciences Private Limited | ₹53.01 Cr (FY 2024) | -7.0% | Pune, Maharashtra, India | |||
| Zuari Fertilisers and Chemicals Limited | ₹52.42 Cr (FY 2016) | 738.0% | Zuarinagar, Goa, India | |||
| Arihant Fertiliser and Chemicals India Limited | ₹52.33 Cr (FY 2024) | -26.0% | Indore, Madhya Pradesh, India | |||
| Coromandel SQM (India) Private Limited | ₹52.31 Cr (FY 2021) | -11.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Maharashtra Insectcides Limited, buy the company report.
Auditor
Maharashtra Insectcides Limited is audited by Ratan Rathi & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ratan Rathi & Co | FY 2022 | 108698W |
Shareholding
The shareholding of Maharashtra Insectcides Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maharashtra Insectcides Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 1999 | 90215638 | Syndicate Bank | ₹4.5 Cr | Satisfied | |
| 13 Dec 1989 | 90215219 | State Bank of India | ₹4.8 Cr | Satisfied |
To see the full charge records of Maharashtra Insectcides Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Maharashtra Insectcides Limited has 1 court case on record: 1 filed by Maharashtra Insectcides. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M S Arlabs Ltd | Disposed |
To see the full case history of Maharashtra Insectcides 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 Maharashtra Insectcides Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maharashtra Insectcides has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM8932B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 27AABCM8932B1DV | Maharashtra | Active | 20 Jan 2019 |
| 27ADOPT8929J2ZI | Maharashtra | Active | 03 Jul 2024 |
To see the full GST registrations and return filing status of Maharashtra Insectcides Limited, buy the company report.
Recent activity
Maharashtra Insectcides Limited has 39 board changes on record since 2008: 6 appointments and 33 cessations. The latest: Devanand Sahadu Duthade was appointed as Nominee Director on 28 Feb 2024.
35 earlier events are in the company report.
Frequently asked questions
Maharashtra Insectcides is an active private limited state government company based in Akola, Maharashtra, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 10 May 1984 (42+ years old) and is registered under CIN U24210MH1984SGC032856.
Maharashtra Insectcides has 6 current directors:
- Mangesh Manohar Gondavale - Nominee Director
- Sujit Shashikant Sonavane - Nominee Director
- Vijay Ramchandra Patharkar - Nominee Director
- Pravin Digambarrao Deshmukh - Nominee Director
- Ganesh Baburao Patil - Nominee Director
- Devanand Sahadu Duthade - Nominee Director
The latest financial statements of Maharashtra Insectcides on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 13 February 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Maharashtra Insectcides is 27AABCM8932B1ZM, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCM8932B1DV (Maharashtra), 27ADOPT8929J2ZI (Maharashtra).
The CIN (Corporate Identification Number) of Maharashtra Insectcides is U24210MH1984SGC032856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Insectcides has 1 court case on record: 1 filed by the company.
Maharashtra Insectcides was incorporated on 10 May 1984, making it 42+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Maharashtra Insectcides by revenue are Sri Balaji Agri Chem (India) Private Limited, Savio Bio Organic and Fertilizers Private Limited, Margo Biocontrols Private Limited, Progressive Fertichem Private Limited, Jaikisan Agrotech India Limited and 4 more, all in the Agriculture industry (Fertilizers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Devanand Sahadu Duthade was appointed as Nominee Director on 28 Feb 2024. Mangesh Manohar Gondavale was appointed as Nominee Director on 31 Aug 2023. Sunil Sahebrao Chavan ceased to be Nominee Director on 31 Aug 2023. Maharashtra Insectcides has 39 board changes on record in total.
Maharashtra Insectcides can be reached through the website maidcmumbai.com. Its registered office is in Akola, Maharashtra, India.
The registered office of Maharashtra Insectcides is at C – 4 MIDC Industrial Area Opp. Airport Shivani, Akola, Maharashtra, India – 444104.