About Mahindra Agri Solutions Limited
Data last updated:
Mahindra Agri Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 11 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01400MH2000PLC125781. Its GSTIN is 27AACCM1298D1ZK (Maharashtra). The company holds 27 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹178.12 Cr. It was formerly known as Mahindra Shubhlabh Services Limited and Mahindra Shushlabh Services Private Limited. It is led by directors including Ramesh Ramachandran (Managing Director) and Shriprakash Shukla.
Its last annual general meeting (AGM) was held on 16 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towersdr G M Bhosle Marg P K Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2026, the company reported a revenue of ₹373.29 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹21.03 Cr (net margin 5.6%) and EBITDA of ₹31.21 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 183 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Mahindra. As per MCA filings, the company has open charges of ₹132 Cr and satisfied charges of ₹151.85 Cr on record. Court records list 108 cases involving the company, including 56 filed by the company and 33 filed against it; 26 cases are pending. The company has 14 deals on record (5 rights issues, 4 secondary share transfers, 3 acquisitions), with disclosed funding of ₹54.72 Cr; the latest was in March 2024. Its 10 peer companies in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Jeco Vetchem Private Limited with revenue of ₹261.66 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 301 overdue payments to 37 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 mahindraagri.com.
Name History of Mahindra Agri Solutions Limited
Mahindra Agri Solutions has undergone 2 name changes throughout its history. The company was previously known as Mahindra Shubhlabh Services Limited, and Mahindra Shushlabh Services Private Limited. The current legal name is Mahindra Agri Solutions Limited.
| Company Name | Status |
|---|---|
| Mahindra Agri Solutions Limited | Current |
| Mahindra Shubhlabh Services Limited | Previous |
| Mahindra Shushlabh Services Private Limited | Previous |
CIN History of Mahindra Agri Solutions Limited
Mahindra Agri Solutions has one previous CIN (Corporate Identification Number): U01409MH2000PLC125781. The current CIN is U01400MH2000PLC125781, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01400MH2000PLC125781 | Current |
| U01409MH2000PLC125781 | Previous |
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- Website
- Social Media
- Registered AddressMahindra Towersdr G M Bhosle Marg P K Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryAgriculture, Agro Retail & Distribution
- 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
Associated Brands with Mahindra Agri Solutions Limited
Mahindra Agri Solutions operates one associated brand: Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com |
Business Activity of Mahindra Agri Solutions Limited
The main business activity of Mahindra Agri Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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 Mahindra Agri Solutions Limited FY 2025 filings available
Mahindra Agri Solutions Limited reported revenue of ₹373.29 Cr (up 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Mahindra Agri Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 14% growth in the latest year. EBITDA rose 88% 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 Mahindra Agri Solutions Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹31.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.03 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 Mahindra Agri Solutions Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 Mahindra Agri Solutions are in the company report.
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 and KMP of Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited currently reports 6 directors and 1 key managerial person. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shriprakash Shukla Also directs: Cie Automotive India Limited | Director | 11 May 2020 | 6 Years 5 Months | Current |
| Ami Goda Also directs: Mahindra Epc Irrigation Limited, Mahindra HZPC Private Limited, M.I.T.R.A. Agro Equipments Private Limited and 3 more | Director | 06 Jun 2024 | 2 Years 4 Months | Current |
| Ramesh Ramachandran Also directs: Mahindra Epc Irrigation Limited, Mahindra Fruits Private Limited, Mahindra HZPC Private Limited and 1 more | Managing Director | 31 Aug 2023 | 3 Years 1 Months | Current |
| Rajiv Bansal | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Aruna Rajendra Bhinge | Director | 29 Mar 2016 | 10 Years 6 Months | Current |
| Feroze Hoshang Baria Also directs: Kota Farm Services Limited, Mahindra and Mahindra Limited, Mahindra Knowledge Park Mohali Limited and 5 more | Company Secretary | 09 May 2000 | 26 Years 5 Months | Current |
Peer Comparison of Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited is compared with the companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahindra Agri Solutions Limited this company | ₹373.29 Cr (FY 2026) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Jeco Vetchem Private Limited | ₹261.66 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Jeco Agrovet Private Limited | ₹261.61 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Manohar Sarda Foods Private Limited | ₹260.32 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Sangli, Maharashtra, India |
| Mannalal Rajendra Prasad Impex Private Limited | ₹259.93 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
| Sitaram Nandram Agro Private Limited | ₹259.32 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Palanpur, Gujarat, India |
| Sonu Monu Agro Private Limited | ₹258.94 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Nagpur, Maharashtra, India |
| Great Family Commodities Private Limited | ₹258.4 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bhopal, Madhya Pradesh, India |
| R B Commodities Private Limited | ₹258.07 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | New Delhi, Delhi, India |
| Shraddha Agro Industries Private Limited | ₹257.95 Cr (FY 2025) | •••• | •••• | 509.0% | •••• | Rajnandgaon, Chhattisgarh, India |
| Kejriwal Sugar Agencies Private Limited | ₹257.79 Cr (FY 2022) | •••• | •••• | -65.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Mahindra Agri Solutions by revenue in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), 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 Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited is audited by B S R & Co. LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
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 Mahindra Agri Solutions Limited
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 Mahindra Agri Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2017 | Others | ₹55 Cr | Open |
| 15 Mar 2017 | Hdfc Bank Limited | ₹22 Cr | Open |
| 13 Mar 2014 | Yes Bank Limited | ₹55 Cr | Open |
| 27 Nov 2018 | Hdfc Bank Limited | ₹16.8 Cr | Satisfied |
| 24 Jul 2018 | Citi Bank N.A. | ₹80 Cr | Satisfied |
Total charge records: 10 View all charges
Deals & Funding of Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited has 14 deals on record (5 rights issues, 4 secondary share transfers, 3 acquisitions), with disclosed funding of ₹54.72 Cr; the latest was in March 2024.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹76.19 Cr | Investors: Mahindra and Mahindra Limited , an individual |
| Oct 2020 | Rights issue | ₹40 Cr | Investors: Mahindra and Mahindra Limited , an individual |
| Oct 2019 | Rights issue | ₹49.33 Cr | Investors: Mahindra and Mahindra Limited , 3 individuals |
| Oct 2019 | Funding round | ₹49.47 Cr | Investors: Mahindra and Mahindra Limited , 2 individuals |
| Jul 2016 | Acquisition | ₹260.06 Cr | Buyer: Mahindra and Mahindra Limited |
Full deal history
All 14 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 Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited has 108 court cases on record: 56 filed by Mahindra Agri Solutions, 33 filed against it, 19 where it is another party. 26 cases are pending and 82 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 85 | 27 | 25 |
| High courts | 23 | 6 | 1 |
Cases on record (5 of 108)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gadchiroli, Maharashtra | Civil suit | Filed against the company by Maharashtra Information Technology Corporation Limited | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Mahyco Private Limited | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Mahyco Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Saral-Basant Krishi Vihar Private Limited | Disposed |
| District court, Hanumakonda, Telangana | Criminal complaint | Company is another party | Pending |
Full case history
All 108 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.
MSME Payment Delays by Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 301 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Styrotech Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Indo Afrique Paper Mills Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited has a workforce of 183 employees as of Mar 24, 2024.
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.
Group Structure of Mahindra Agri Solutions Limited
Mahindra Agri Solutions has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mahindra Summit Agriscience Limited | U01400MH2018PLC315558 | Locked |
| Mahindra Hzpc Private Limited | U01403MH2013PTC242474 | Locked |
| Mahindra Fruits Private Limited | U01403MH2014PTC255946 | Locked |
Showing major subsidiaries. Total: 3.
Recent Activity on Mahindra Agri Solutions Limited
Mahindra Agri Solutions Limited has 30 board changes on record since 2000: 7 appointments and 23 cessations. The latest: Rajeev Goyal was appointed as Additional Director on 16 Jul 2025.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mahindra Agri Solutions Limited
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.
Subsidiaries & Group Companies of Mahindra Agri Solutions Limited
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 Mahindra Agri Solutions Limited
Mahindra Agri Solutions has 27 GST registrations: 17 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM1298D1ZK | Maharashtra | Active | 01 Jul 2017 |
| 03AACCM1298D1ZU | Punjab | Active | 01 Jul 2017 |
| 05AACCM1298D1ZQ | Uttarakhand | Active | 01 Jul 2017 |
| 06AACCM1298D1ZO | Haryana | Active | 01 Jul 2017 |
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 Mahindra Agri Solutions Limited
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.
Related news about Mahindra Agri Solutions Limited
Frequently Asked Questions about Mahindra Agri Solutions Limited
Mahindra Agri Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 11 April 2000 (26+ years old) and is registered under CIN U01400MH2000PLC125781.
Mahindra Agri Solutions reported revenue of ₹373.29 Cr for FY 2026 (up 14% YoY).
Mahindra Agri Solutions has 7 current directors and KMP:
- Ramesh Ramachandran - Managing Director
- Shriprakash Shukla - Director
- Ami Goda - Director
- Rajiv Bansal - Director
- Aruna Rajendra Bhinge - Director
- Rajeev Goyal - Additional Director
- Feroze Hoshang Baria - Company Secretary
Mahindra Agri Solutions reported a net profit of ₹21.03 Cr (net margin 5.6%) and EBITDA of ₹31.21 Cr (EBITDA margin 8.4%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mahindra Agri Solutions is 13% over three years and 8% over five years. In the latest year (FY 2026) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mahindra Agri Solutions is 27AACCM1298D1ZK, registered in Maharashtra. The company has 27 GST registrations in all, of which 17 are active and 10 are cancelled or inactive. Other active GSTINs include 03AACCM1298D1ZU (Punjab), 05AACCM1298D1ZQ (Uttarakhand), 06AACCM1298D1ZO (Haryana).
The CIN (Corporate Identification Number) of Mahindra Agri Solutions is U01400MH2000PLC125781. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Agri Solutions has 108 court cases on record: 56 filed by the company and 33 filed against it. 26 are pending. Most are in the district courts.
Mahindra Agri Solutions was incorporated on 11 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Agri Solutions has 14 deals on record (5 rights issues, 4 secondary share transfers, 3 acquisitions), with disclosed funding of ₹54.72 Cr; the latest was in March 2024.
The peers of Mahindra Agri Solutions by revenue are Jeco Vetchem Private Limited, Jeco Agrovet Private Limited, Manohar Sarda Foods Private Limited, Mannalal Rajendra Prasad Impex Private Limited, Sitaram Nandram Agro Private Limited and 5 more, all in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution).
Rajeev Goyal was appointed as Additional Director on 16 Jul 2025. Rajiv Bansal ceased to be Additional Director on 15 Jul 2025. Rajiv Bansal was appointed as Director on 01 Apr 2025. Mahindra Agri Solutions has 30 board changes on record in total.