About Mahyco Private Limited
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Mahyco Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahyco Grow Finance Private Limited. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 06 June 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1991PTC061969. Its GSTIN is 27AAACI1337B1Z6 (Maharashtra). The company holds 22 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹81.35 Cr and a paid-up capital of ₹12.2 Cr. It was formerly known as Sungro Seeds Private Limited and India Drossbach Limited. It is led by directors including Shirish Rajendra Barwale (Managing Director) and Aashish Rajendra Barwale (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 19 Raj Mahal 84 Veer Narimanroad, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,584.49 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹154.51 Cr (net margin 9.8%) and EBITDA of ₹268.04 Cr (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 888 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: Mahyco. As per MCA filings, the company has open charges of ₹284.63 Cr and satisfied charges of ₹55.41 Cr on record. Court records list 278 cases involving the company, including 187 filed by the company and 93 filed against it; 151 cases are pending. The company has 23 deals on record (12 funding rounds, 11 secondary share transfers), with disclosed funding of ₹51.56 Cr; the latest was in December 2024. Its 3 peer companies in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting) are compared by revenue, 2 larger and 1 smaller; the largest is Syngenta India Private Limited with revenue of ₹5,617.67 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 28 overdue payments to 12 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 mahyco.com.
Company details
Name history
Mahyco has undergone 3 name changes throughout its history. The company was previously known as Sungro Seeds Private Limited, India Drossbach Limited, and Sungro Seeds Limited. The current legal name is Mahyco Private Limited.
| Company Name | Status |
|---|---|
| Mahyco Private Limited | Current |
| Sungro Seeds Private Limited | Previous |
| India Drossbach Limited | Previous |
| Sungro Seeds Limited | Previous |
CIN history
Mahyco has one previous CIN (Corporate Identification Number): U74999MH1991PLC061969. The current CIN is U74999MH1991PTC061969, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1991PTC061969 | Current |
| U74999MH1991PLC061969 | Previous |
Contact details
Mahyco Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahyco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address19 Raj Mahal 84 Veer Narimanroad, Mumbai, Maharashtra, India – 400020
- IndustryAgriculture, Seed Production & Distribution
To see the full contact details of Mahyco 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
Brands
Mahyco operates one associated brand: Mahyco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Agriculture company offering hybrid and open pollinated seeds | mahyco.com |
Business activity
The main business activity of Mahyco is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Mahyco Private Limited, buy the company report.
Financials of Mahyco Private Limited
FY 2025 filings availableMahyco Private Limited reported revenue of ₹1,584.49 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 80% 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 | ₹268.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹154.51 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 | 16.9% | ||||
| Net Profit Margin | 9.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mahyco Private Limited, buy the company report.
Board of directors of Mahyco Private Limited
Mahyco has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aashish Rajendra Barwale | Whole-Time Director | 01 Jan 2020 | 6 Years 10 Months | Current |
| Usha Zehr Brent Also directs: Maharashtra Hybrid Seeds Company Private Limited, Barwale Foundation, Mahyco Monsanto Biotech (India) Private Limited and 2 more | Director | 28 Dec 2019 | 6 Years 10 Months | Current |
| Rajendra Badrinarayan Barwale | Director | 23 Aug 2017 | 9 Years 2 Months | Current |
| Shyamsunder Gopilalji Agrawal Also directs: Maharashtra Hybrid Seeds Company Private Limited | Director | 28 Oct 2005 | 21 Years 0 Months | Current |
| Anup Singh | Director | 28 Oct 2005 | 21 Years 0 Months | Current |
| Shirish Rajendra Barwale | Managing Director | 20 Jun 2009 | 17 Years 4 Months | Current |
Peer comparison
Mahyco Private Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Syngenta India Private Limited | ₹5,617.67 Cr (FY 2025) | 2.0% | Pune, Maharashtra, India | |||
| Corteva Agriscience Seeds Private Limited | ₹2,218.09 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Mahyco Private Limitedthis company | ₹1,584.49 Cr (FY 2025) | ₹154.51 Cr | 9.8% | -11.0% | 888 | Mumbai, Maharashtra, India |
| Nuziveedu Seeds Limited | ₹1,402.07 Cr (FY 2025) | 24.0% | Medchal, Telangana, India |
To see the full peer comparison of Mahyco Private Limited, buy the company report.
Auditor
Mahyco Private Limited is audited by Ford Rhodes Parks & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford Rhodes Parks & Co. LLP | FY 2023 | 102860W / W100089 |
Shareholding
The shareholding of Mahyco 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahyco Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2025 | 101164340 | Others | ₹46 Cr | Open | |
| 19 May 2023 | 100729207 | Others | ₹50 Cr | Open | |
| 14 Jul 2021 | 100466396 | Bank of India | ₹81 Cr | Open | |
| 13 May 2019 | 100265550 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 11 Jul 2018 | 100194476 | Hdfc Bank Limited | ₹46 Cr | Open |
To see the full charge records of Mahyco Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Mahyco Private Limited has 23 deals on record (12 funding rounds, 11 secondary share transfers), with disclosed funding of ₹51.56 Cr; the latest was in December 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Funding round | ₹9.14 Cr | Investors: Mahyco Grow Finance Private Limited , B R Barwale Family Trust, 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: John Fowler Ocular Lenses Private Limited , an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Mahyco Grow Finance Private Limited Seller: Harirani Investments & Trading Private Limited & B R Barwale, Harirani Investments & Trading Private Limited & R B Barwale, Harirani Investments & Trading Private Limited & Gomatidevi Barwale |
| Mar 2016 | Secondary share transfer | Undisclosed | Seller: Jamwadi Investments & Trading Private Limited, Mahyco Grow Finance Private Limited , an individual |
| Oct 2015 | Funding round | ₹2.6 Cr | Investors: Mahyco Grow Finance Private Limited , 3 individuals |
To see the full deal history of Mahyco Private 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
Mahyco Private Limited has 278 court cases on record: 187 filed by Mahyco, 93 filed against it. 151 cases are pending and 127 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 227 | 87 | 138 |
| High courts | 48 | 6 | 13 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 278)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed by the company against Prabhakar Hybrid Seeds Pvt Ltd | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against Prabhakar Hybrid Seeds Pvt Ltd and Anr. | Pending |
| District court, Jalna, Maharashtra | Civil suit | Filed by the company against Ankur Seeds Prop Ankur Omer | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Yashoda Hybrid Seeds Pvt Ltd and 1 other | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Seamons Seeds Pvt Ltd | Disposed |
To see the full case history of Mahyco 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.
Credit ratings & regulatory alerts
Mahyco Private Limited was last rated by Indiarating on 02 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 02 Aug 2021 |
To see the full credit ratings and regulatory alerts of Mahyco Private Limited, buy the company report.
MSME payment delays
Mahyco Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 28 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| R.B.Sharma & Co. | |||
| Eugen Printing & Packaging Private Limited | |||
| Parekh Innovative Logistics Solutions Private Limited | |||
| S.N.Ananthasubramanian and Co. | |||
| Kirloskar Chillers Private Limited |
To see the full MSME payment records of Mahyco Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mahyco has 3 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Grow Indigo Private Limited | U01100MH2018PTC304488 | |
| Seven Star Fruits Private Limited | U74899MH1993PTC192449 | |
| Fowler Westrup (India) Private Limited | U74999MH2000PTC123855 |
To see the full group structure of Mahyco Private Limited, buy the company report.
Employees & EPFO
Mahyco Private Limited has a workforce of 888 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Mahyco has 22 GST registrations: 20 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1337B1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACI1337B2Z5 | Maharashtra | Active | 15 Sep 2023 |
| 06AAACI1337B1ZA | Haryana | Active | 01 Jul 2017 |
| 07AAACI1337B1Z8 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahyco Private Limited, buy the company report.
Recent activity
Mahyco Private Limited has 17 board changes on record since 2005: 6 appointments and 11 cessations. The latest: Aashish Rajendra Barwale ceased to be Whole-Time Director on 01 Apr 2020.
65 earlier events are in the company report.
News
Frequently asked questions
Mahyco is an active private limited company based in Mumbai, Maharashtra, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 06 June 1991 (35+ years old) and is registered under CIN U74999MH1991PTC061969.
Mahyco has 6 current directors:
- Shirish Rajendra Barwale - Managing Director
- Aashish Rajendra Barwale - Whole-Time Director
- Usha Zehr Brent - Director
- Rajendra Badrinarayan Barwale - Director
- Shyamsunder Gopilalji Agrawal - Director
- Anup Singh - Director
The latest financial statements of Mahyco on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahyco is 27AAACI1337B1Z6, registered in Maharashtra. The company has 22 GST registrations in all, of which 20 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACI1337B2Z5 (Maharashtra), 06AAACI1337B1ZA (Haryana), 07AAACI1337B1Z8 (Delhi).
The CIN (Corporate Identification Number) of Mahyco is U74999MH1991PTC061969. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahyco has 278 court cases on record: 187 filed by the company and 93 filed against it. 151 are pending. Most are in the district courts.
Mahyco was incorporated on 06 June 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahyco has 23 deals on record (12 funding rounds, 11 secondary share transfers), with disclosed funding of ₹51.56 Cr; the latest was in December 2024.
The peers of Mahyco by revenue are Syngenta India Private Limited, Corteva Agriscience Seeds Private Limited, Nuziveedu Seeds Limited, all in the Agriculture industry (Seeds), with the same principal business activity (support activities to agriculture and other activities including hunting).
Aashish Rajendra Barwale ceased to be Whole-Time Director on 01 Apr 2020. Rajendra Badrinarayan Barwale ceased to be Whole-Time Director on 01 Apr 2020. Anup Singh ceased to be Director on 24 Mar 2020. Mahyco has 17 board changes on record in total.
Mahyco has 2 MSME Form 1 returns on record between 2023 and 2024, listing 28 overdue payments to 12 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Mahyco can be reached through the website mahyco.com. Its registered office is in Mumbai, Maharashtra, India.
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