Mahi Agro Products Private Limited
About Mahi Agro Products Private Limited
Data last updated:
Mahi Agro Products Private Limited is a private limited company based in Prakasam, Andhra Pradesh, India. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 23 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U15209AP1991PTC013593. Its GSTIN is 37AABCM5034C1ZW (Andhra Pradesh).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Damacharla Poornachandra Rao (Managing Director) and Janardhana Rao Damacharla.
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 Gundlapalli Maddipadu Mandal, Prakasam, Andhra Pradesh, India – 523211.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.46 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹50.96 Lakh (net margin 34.8%) and EBITDA of ₹55.48 Lakh (EBITDA margin 37.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 20% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42 Lakh and satisfied charges of ₹6 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 11 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mahi Agro Products Private Limited's registered office is in Prakasam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGundlapalli Maddipadu Mandal, Prakasam, Andhra Pradesh, India – 523211
- IndustryAgriculture, Agri Support Services
To see the full contact details of Mahi Agro Products Private 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 Mahi Agro Products is transportation and storage. In detail, this covers warehousing and support activities for transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transportation and storage | 52 | Warehousing and support activities for transportation |
To see the full business activity and turnover split of Mahi Agro Products Private Limited, buy the company report.
Financials of Mahi Agro Products Private Limited
FY 2024 filings availableMahi Agro Products Private Limited reported revenue of ₹1.46 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 4% growth in the latest year. EBITDA rose 165% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹55.48 Lakh | ||||
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| Net Profit (PAT) | ₹50.96 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 37.9% | ||||
| Net Profit Margin | 34.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mahi Agro Products Private Limited, buy the company report.
Board of directors of Mahi Agro Products Private Limited
Mahi Agro Products has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Damacharla Poornachandra Rao Also directs: Sri Venkateswara Housing and Realty Private Limited | Managing Director | 23 Jan 1997 | 29 Years 9 Months | Current |
| Janardhana Rao Damacharla Also directs: DVK Mines and Minerals Private Limited | Director | 01 Oct 1998 | 28 Years 1 Months | Current |
| Bellam Suneel | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Revathi Peddu | Director | 07 Feb 2018 | 8 Years 9 Months | Current |
| Souren Bellam | Director | 12 Oct 2021 | 5 Years 0 Months | Current |
| Mallikarjuna Rao Damacharla Also directs: Aspire Business Ventures LLP, Meekainfra LLP, Team4 Life Spaces (Elite) LLP and 5 more | Director | 11 Jan 2010 | 16 Years 10 Months | Current |
Auditor
Mahi Agro Products Private Limited is audited by I K GUPTA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I K GUPTA & COMPANY | FY 2023 | 001018S |
Shareholding
The shareholding of Mahi Agro Products Private 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 Mahi Agro Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2025 | 101067334 | Hdfc Bank Limited | ₹42 Lakh | Open | |
| 16 Dec 2013 | 10471570 | Andhra Bank | ₹2 Cr | Satisfied | |
| 28 Mar 2012 | 10354594 | Andhra Bank | ₹2 Cr | Satisfied | |
| 11 Aug 2000 | 90124183 | Andhra Bank | ₹1 Cr | Satisfied | |
| 12 Jun 2000 | 90121438 | Andhra Bank | ₹1 Cr | Satisfied |
To see the full charge records of Mahi Agro Products Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Mahi Agro Products Private Limited has 17 court cases on record: 6 filed by Mahi Agro Products, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 4 | 0 |
| District courts | 7 | 7 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| District court, Guntur, Andhra Pradesh | Court case (MVOP) | Filed against the company by an individual | Disposed |
| District court, Guntur, Andhra Pradesh | Court case (MVOP) | Filed against the company by an individual | Disposed |
| District court, Guntur, Andhra Pradesh | Court case (MVOP) | Filed against the company by an individual | Disposed |
To see the full case history of Mahi Agro Products Private 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 Mahi Agro Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahi Agro Products Private Limited has a workforce of 2 employees on its EPFO records as of Dec 2017.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 2 |
| FY 2016-17 |
To see the full employee and EPFO history of Mahi Agro Products Private Limited, buy the company report.
GST
Mahi Agro Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCM5034C1ZW | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahi Agro Products Private Limited, buy the company report.
Recent activity
Mahi Agro Products Private Limited has 14 board changes on record since 1997: 6 appointments and 8 cessations. The latest: Souren Bellam ceased to be Additional Director on 30 Nov 2021.
15 earlier events are in the company report.
Frequently asked questions
Mahi Agro Products is an active private limited company based in Prakasam, Andhra Pradesh, India. The company works in agri support services, within the agriculture industry. It was incorporated on 23 December 1991 (35+ years old) and is registered under CIN U15209AP1991PTC013593.
Mahi Agro Products has 6 current directors:
- Damacharla Poornachandra Rao - Managing Director
- Janardhana Rao Damacharla - Director
- Bellam Suneel - Director
- Revathi Peddu - Director
- Souren Bellam - Director
- Mallikarjuna Rao Damacharla - Director
The latest financial statements of Mahi Agro Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahi Agro Products is 37AABCM5034C1ZW, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Mahi Agro Products is U15209AP1991PTC013593. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahi Agro Products has 17 court cases on record: 6 filed by the company and 11 filed against it. Most are in the high courts.
Mahi Agro Products was incorporated on 23 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Vijayawada.
Souren Bellam ceased to be Additional Director on 30 Nov 2021. Souren Bellam was appointed as Director on 12 Oct 2021. Revathi Peddu ceased to be Additional Director on 29 Sep 2018. Mahi Agro Products has 14 board changes on record in total.
The registered office of Mahi Agro Products is at Gundlapalli Maddipadu Mandal, Prakasam, Andhra Pradesh, India – 523211.
Mahi Agro Products operates in the agriculture industry, in the agri support services segment.
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