About Mahindra Agri Solutions Limited
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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 121 cases involving the company, including 66 filed by the company and 55 filed against it; 30 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 7 peer companies in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 4 larger and 3 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.
Company details
Name history
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
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 |
Contact details
Mahindra Agri Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is mahindraagri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towersdr G M Bhosle Marg P K Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Mahindra Agri Solutions 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
Brands
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
The main business activity of Mahindra Agri Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mahindra Agri Solutions Limited, buy the company report.
Financials of Mahindra Agri Solutions Limited
FY 2025 filings availableMahindra Agri Solutions Limited reported revenue of ₹373.29 Cr (up 14% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹31.21 Cr | ||||
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| Net Profit (PAT) | ₹21.03 Cr | ||||
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Financial Ratios
| 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% | ||||
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To see the full financial statements and ratios of Mahindra Agri Solutions Limited, buy the company report.
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
Mahindra Agri Solutions Limited is compared with the 7 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahindra Agri Solutions Limitedthis company | ₹373.29 Cr (FY 2026) | ₹21.03 Cr | 5.6% | 14.0% | 183 | 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 | |||
| 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 | |||
| R B Commodities Private Limited | ₹258.07 Cr (FY 2025) | 93.0% | New Delhi, Delhi, India | |||
| Kejriwal Sugar Agencies Private Limited | ₹257.79 Cr (FY 2022) | -65.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mahindra Agri Solutions Limited, buy the company report.
Auditor
Mahindra Agri Solutions Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Mahindra Agri Solutions 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 Mahindra Agri Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2017 | 100132043 | Others | ₹55 Cr | Open | |
| 15 Mar 2017 | 100089209 | Hdfc Bank Limited | ₹22 Cr | Open | |
| 13 Mar 2014 | 10493179 | Yes Bank Limited | ₹55 Cr | Open | |
| 27 Nov 2018 | 100222669 | Hdfc Bank Limited | ₹16.8 Cr | Satisfied | |
| 24 Jul 2018 | 100197185 | Citi Bank N.A. | ₹80 Cr | Satisfied |
To see the full charge records of Mahindra Agri Solutions Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
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 |
To see the full deal history of Mahindra Agri Solutions 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
Mahindra Agri Solutions Limited has 121 court cases on record: 66 filed by Mahindra Agri Solutions, 55 filed against it. 30 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 96 | 43 | 27 |
| High courts | 25 | 12 | 3 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gadchiroli, Maharashtra | Civil suit | Filed against the company by Government of Maharashtra Represented by Pawan Suresh Madavi | Pending |
| High Court, MAHARASHTRA | Appeal | Filed against the company by United India Insurance Co. Ltd. Amol Gatne | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Sungro Seeds Private Limited. | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Sungro Seeds Private Limited. | Disposed |
| District court, Hanumakonda, Telangana | Criminal complaint | Filed against the company | Pending |
To see the full case history of Mahindra Agri Solutions 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
Mahindra Agri Solutions Limited was last rated by Icra on 05 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Nov 2021 |
To see the full credit ratings and regulatory alerts of Mahindra Agri Solutions Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Mahindra Agri Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Mahindra HZPC Private Limited | U01403MH2013PTC242474 | |
| Mahindra Fruits Private Limited | U01403MH2014PTC255946 |
To see the full group structure of Mahindra Agri Solutions Limited, buy the company report.
Employees & EPFO
Mahindra Agri Solutions Limited has a workforce of 183 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Mahindra Agri Solutions Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of Mahindra Agri Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 July 2025. Year-wise statements from 2015 are in the company report.
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 121 court cases on record: 66 filed by the company and 55 filed against it. 30 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, Mannalal Rajendra Prasad Impex Private Limited, Sitaram Nandram Agro Private Limited, Sonu Monu Agro Private Limited and 2 more, all in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
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.
Mahindra Agri Solutions has 9 MSME Form 1 returns on record between 2019 and 2024, listing 301 overdue payments to 37 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Mahindra Agri Solutions can be reached through the website mahindraagri.com. Its registered office is in Mumbai, Maharashtra, India.