About Manas Agro Industries & Infrastructure Limited
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Manas Agro Industries & Infrastructure Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Avenzer Electricals & Infrastructure Private Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 06 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U10721MH2012PLC235369. Its GSTIN is 27AACCF0662N1ZG (Maharashtra). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹126.31 Cr and a paid-up capital of ₹20.16 Cr. It was formerly known as Manas Agro Industries & Infrastructure Private Limited and Manas Agro Industries & Infrastructure P Limited. It is led by directors including Sarang Nitin Gadkari (Whole-Time Director) and Samay Madhusudan Bansod (Whole-Time Director).
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 Unit No. 605 6th Floor Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹943.37 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹5.27 Cr (net margin 0.6%) and EBITDA of ₹84.68 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 1,048 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Manasindustry. As per MCA filings, the company has open charges of ₹1,072.33 Cr and satisfied charges of ₹654.93 Cr on record. Court records list 59 cases involving the company, including 14 filed by the company and 45 filed against it; 24 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manasindustry.com.
Company details
Name history
Manas Agro Industries & Infrastructure has undergone 3 name changes throughout its history. The company was previously known as Manas Agro Industries & Infrastructure Private Limited, Manas Agro Industries & Infrastructure P Limited, and Flute Infotech Private Limited. The current legal name is Manas Agro Industries & Infrastructure Limited.
| Company Name | Status |
|---|---|
| Manas Agro Industries & Infrastructure Limited | Current |
| Manas Agro Industries & Infrastructure Private Limited | Previous |
| Manas Agro Industries & Infrastructure P Limited | Previous |
| Flute Infotech Private Limited | Previous |
CIN history
Manas Agro Industries & Infrastructure has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U10721MH2012PLC235369, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10721MH2012PLC235369 | Current |
| U15122MH2012PTC235369 | Previous |
| U72300MH2012PTC235369 | Previous |
| U15122MH2012PLC235369 | Previous |
Contact details
Manas Agro Industries & Infrastructure Limited's registered office is in Mumbai, Maharashtra. Its website is manasindustry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 605 6th Floor Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryAgriculture, Sugar Processing, Fertilizers & Soil Enhancers
To see the full contact details of Manas Agro Industries & Infrastructure 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
Manas Agro Industries & Infrastructure operates one associated brand: Manasindustry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| manasindustry.com |
Business activity
The main business activities of Manas Agro Industries & Infrastructure are manufacturing, trade and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, retail trading and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G2 | Retail Trading | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting | |
| C | Manufacturing | C5 | Coke and refined petroleum products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Manas Agro Industries & Infrastructure Limited, buy the company report.
Financials of Manas Agro Industries & Infrastructure Limited
FY 2024 filings availableManas Agro Industries & Infrastructure Limited reported revenue of ₹943.37 Cr (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 69% 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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| EBITDA | ₹84.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.27 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 | 9% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Manas Agro Industries & Infrastructure Limited, buy the company report.
Board of directors of Manas Agro Industries & Infrastructure Limited
Manas Agro Industries & Infrastructure has 7 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Dinkarrao Himte | Director | 15 May 2025 | 1 Years 5 Months | Current |
| Ajit Shrikant Deshmukh Also directs: Ideal Energy Projects Limited, Global Petroleum Private Limited, Aditya Prime Wealth Private Limited and 1 more | Director | 25 Mar 2023 | 3 Years 7 Months | Current |
| Manish Amarchand Mehta Also directs: Purti Power & Sugar Limited | Director | 14 Mar 2015 | 11 Years 7 Months | Current |
| Vishnu Vasant Changde | Director | 14 Mar 2015 | 11 Years 7 Months | Current |
| Muktai Mukund Rahatgaonkar | Director | 05 Sep 2024 | 2 Years 2 Months | Current |
| Sarang Nitin Gadkari Also directs: Manas Ispat Private Limited, Ideal Energy Projects Limited, Manas Power Ventures Private Limited and 2 more | Whole-Time Director | 15 Jun 2016 | 10 Years 4 Months | Current |
Peer comparison
Manas Agro Industries & Infrastructure Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Fertilizers, Organic Chemicals, Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivashakti Sugars Limited | ₹1,054.46 Cr (FY 2025) | 6.0% | Belgaum, Karnataka, India | |||
| L H Sugar Factories Limited | ₹949.2 Cr (FY 2025) | -5.0% | Uttar Pradesh, India | |||
| Venkateshwara Power Project Limited | ₹948.38 Cr (FY 2025) | 15.0% | Kolhapur, Maharashtra, India | |||
| Manas Agro Industries & Infrastructure Limitedthis company | ₹943.37 Cr (FY 2025) | ₹5.27 Cr | 0.6% | -38.0% | 1,048 | Mumbai, Maharashtra, India |
| Jay Shree Tea and Industries Limited | ₹920.1 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Manas Agro Industries & Infrastructure Limited, buy the company report.
Auditor
Manas Agro Industries & Infrastructure Limited is audited by J P Joshi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J P Joshi & Associates | FY 2023 | 116953W |
Shareholding
The shareholding of Manas Agro Industries & Infrastructure 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 Manas Agro Industries & Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2017 | 100105770 | Idbi Trusteeship Services Limited | ₹1,034 Cr | Open | |
| 03 May 2013 | 10424869 | Government of India Ministry of Consumer Affairs Food and Public Distribution | ₹5.29 Cr | Open | |
| 03 May 2013 | 10424876 | Government of India Ministry of Consumer Affairs Food and Public Distribution | ₹8.07 Cr | Open | |
| 03 May 2013 | 10424882 | Government of India Ministry of Consumer Affairs Food and Public Distribution | ₹19.67 Cr | Open | |
| 02 May 2013 | 10424508 | Government of India Ministry of Consumer Affairs Food and Public Distribution | ₹5.29 Cr | Open |
To see the full charge records of Manas Agro Industries & Infrastructure Limited, buy the company report.
Total charge records: 38 View all charges
Legal cases
Manas Agro Industries & Infrastructure Limited has 59 court cases on record: 14 filed by Manas Agro Industries & Infrastructure, 45 filed against it. 24 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 28 | 10 |
| High courts | 24 | 15 | 13 |
| NCLT | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 3 others | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Netafim Agricultural Financing Agency Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (RC) | Filed by the company against Purti Power and Sugar Limited, Through Factory Manager, Nagpur and 1 other | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
To see the full case history of Manas Agro Industries & Infrastructure 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
Manas Agro Industries & Infrastructure Limited was last rated by Brickwork on 12 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 Mar 2020 |
To see the full credit ratings and regulatory alerts of Manas Agro Industries & Infrastructure Limited, buy the company report.
MSME payment delays
Manas Agro Industries & Infrastructure Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Sa Field Marketing An Services | |||
| Saitron Engineers Private Limited |
To see the full MSME payment records of Manas Agro Industries & Infrastructure Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Manas Agro Industries & Infrastructure has 1 subsidiary 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 |
|---|---|---|
| Manas Power Ventures Private Limited | U40106MH2022PTC377542 |
To see the full group structure of Manas Agro Industries & Infrastructure Limited, buy the company report.
Employees & EPFO
Manas Agro Industries & Infrastructure Limited has a workforce of 1,048 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Manas Agro Industries & Infrastructure has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCF0662N1ZG | Maharashtra | Active | 01 Jul 2017 |
| 06AACCF0662N1ZK | Haryana | Active | 01 Jul 2017 |
| 07AACCF0662N1ZI | Delhi | Active | 01 Jul 2017 |
| 23AACCF0662N1ZO | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manas Agro Industries & Infrastructure Limited, buy the company report.
Recent activity
Manas Agro Industries & Infrastructure Limited has 22 board changes on record since 2012: 7 appointments and 15 cessations. The latest: Ramesh Dinkarrao Himte ceased to be Additional Director on 29 Sep 2025.
96 earlier events are in the company report.
Frequently asked questions
Manas Agro Industries & Infrastructure is an active public limited company based in Mumbai, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 06 September 2012 (14+ years old) and is registered under CIN U10721MH2012PLC235369.
Manas Agro Industries & Infrastructure has 7 current directors:
- Sarang Nitin Gadkari - Whole-Time Director
- Samay Madhusudan Bansod - Whole-Time Director
- Ramesh Dinkarrao Himte - Director
- Ajit Shrikant Deshmukh - Director
- Manish Amarchand Mehta - Director
- Vishnu Vasant Changde - Director
- Muktai Mukund Rahatgaonkar - Director
The latest financial statements of Manas Agro Industries & Infrastructure 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 Manas Agro Industries & Infrastructure is 27AACCF0662N1ZG, registered in Maharashtra. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 06AACCF0662N1ZK (Haryana), 07AACCF0662N1ZI (Delhi), 23AACCF0662N1ZO (Madhya Pradesh).
The CIN (Corporate Identification Number) of Manas Agro Industries & Infrastructure is U10721MH2012PLC235369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manas Agro Industries & Infrastructure has 59 court cases on record: 14 filed by the company and 45 filed against it. 24 are pending. Most are in the district courts.
Manas Agro Industries & Infrastructure was incorporated on 06 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Manas Agro Industries & Infrastructure by revenue are Shivashakti Sugars Limited, L H Sugar Factories Limited, Venkateshwara Power Project Limited, Jay Shree Tea and Industries Limited, all in the Agriculture industry (Fertilizers, Organic Chemicals, Sugar), with the same principal business activity (food, beverages and tobacco products).
Ramesh Dinkarrao Himte ceased to be Additional Director on 29 Sep 2025. Ramesh Dinkarrao Himte was appointed as Director on 15 May 2025. Muktai Mukund Rahatgaonkar ceased to be Additional Director on 29 Sep 2024. Manas Agro Industries & Infrastructure has 22 board changes on record in total.
Manas Agro Industries & Infrastructure has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 May 2019.
Manas Agro Industries & Infrastructure can be reached through the website manasindustry.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Manas Agro Industries & Infrastructure is at Unit No. 605 6th Floor Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.
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