MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-04-0005946
Millennium Starch India Private Limited - chemicals and materials in Athani, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹224.2 Cr
▲ 8% YoY
Net profit · FY 2023
₹71.24 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹12.51 Cr
EBITDA margin 5.6%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹12.37 Cr
Issued & subscribed
Open charges
₹113.73 Cr
Satisfied ₹27.51 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
116
Provident fund records
About Millennium Starch India Private Limited
Data last updated:
Millennium Starch India Private Limited is a private limited company based in Athani, Karnataka, India. It operates in the industrial enzymes and biochemicals segment of the chemicals and materials sector. It was incorporated on 11 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74991KA2008PTC046023. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.37 Cr. It was formerly known as Millennium Starch India Limited. It is led by directors Nikhil Suresh Patil (Managing Director) and Kaushal Suresh Patil.
Its last annual general meeting (AGM) was held on 30 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Survey No. 1078 / 1079 Kssidc Industrial Estate Satti Road Athani, Karnataka, India – 591304.
As per the financials filed for FY 2023, the company reported a revenue of ₹224.2 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹71.24 Lakh (net margin 0.3%) and EBITDA of ₹12.51 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 11% over five years.
The company has about 116 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹113.73 Cr and satisfied charges of ₹27.51 Cr on record. Court records list 25 cases involving the company, including 25 filed against it; 11 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.35 Cr; the latest was in March 2019. Its 4 peer companies in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 2 smaller; the largest is SMS Biofuel Private Limited with revenue of ₹249.62 Cr.
Millennium Starch India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0005946). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website millenniumstarch.com.
Company details
CIN U74991KA2008PTC046023
Registration Number 046023
Incorporation Date 11 April 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-04-0005946
Recognitions & Rankings of Millennium Starch India
Contact details
Millennium Starch India Private Limited's registered office is in Athani, Karnataka. Its website is millenniumstarch.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 1078 / 1079 Kssidc Industrial Estate Satti Road Athani, Karnataka, India – 591304
- IndustryChemicals and Materials, Industrial Enzymes & Biochemicals
To see the full contact details of Millennium Starch India Private Limited, buy the company report.
Comprehensive company report
Millennium Starch India Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Millennium Starch India are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Millennium Starch India Private Limited, buy the company report.
Financials of Millennium Starch India Private Limited
FY 2023 filings availableMillennium Starch India Private Limited reported revenue of ₹224.2 Cr (up 8% YoY) for FY 2023.
Revenue · FY 2023
₹224.2 Cr ▲ 8%
Net profit · FY 2023
₹71.24 Lakh margin 0.3%
EBITDA · FY 2023
₹12.51 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 5%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 9%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 8% growth in the latest year. EBITDA rose 30% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹224.2 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.24 Lakh | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Millennium Starch India Private Limited, buy the company report.
Board of directors of Millennium Starch India Private Limited
Millennium Starch India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Suresh Patil Also directs: Millennium Landmarks Private Limited | Managing Director | 11 Apr 2008 | 18 Years 6 Months | Current |
| Kaushal Suresh Patil Also directs: Millennium Landmarks Private Limited | Director | 11 Apr 2008 | 18 Years 6 Months | Current |
Peer comparison
Millennium Starch India Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SMS Biofuel Private Limited | ₹249.62 Cr (FY 2025) | 894.0% | Indore, Madhya Pradesh, India | |||
| Bharat Plus Ethanol Private Limited | ₹231.51 Cr (FY 2025) | 408067.0% | New Delhi, Delhi, India | |||
| Millennium Starch India Private Limitedthis company | ₹224.2 Cr (FY 2023) | ₹71.24 Lakh | 0.3% | 8.0% | 116 | Athani, Karnataka, India |
| Shreenathji Rasayan Pvt.Ltd. | ₹219.13 Cr (FY 2025) | -15.0% | Ahmedabad, Gujarat, India | |||
| Greenergy Bio Refineries Private Limited | ₹215.88 Cr (FY 2025) | 36680.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Millennium Starch India Private Limited, buy the company report.
Auditor
Millennium Starch India Private Limited is audited by Rajendra Sanjeev & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajendra Sanjeev & Co | FY 2022 | 003461S |
Shareholding
The shareholding of Millennium Starch India 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 Millennium Starch India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹113.73 Cr
Satisfied charges
₹27.51 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2024 | 100887953 | Others | ₹2 Cr | Open | |
| 20 Oct 2023 | 100798213 | Others | ₹2 Cr | Open | |
| 14 Sep 2023 | 100778337 | Others | ₹5 Cr | Open | |
| 17 Nov 2022 | 100630233 | Others | ₹7.78 Cr | Open | |
| 25 Jun 2022 | 100596077 | Others | ₹2 Cr | Open |
To see the full charge records of Millennium Starch India Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Millennium Starch India Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.35 Cr; the latest was in March 2019.
Total deals
4
Funding rounds
4
Disclosed funding
₹12.35 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round | ₹10 Lakh | Investors: 2 individuals |
| Apr 2018 | Funding round | ₹30 Lakh | Investors: 2 individuals |
| Feb 2014 | Funding round | ₹5 Cr | Investors: 3 individuals |
| Feb 2012 | Funding round | ₹6.95 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Millennium Starch India Private Limited has 25 court cases on record: 25 filed against it. 11 cases are pending and 14 are disposed.
Total cases
25
Filed against the company
25
Pending
11
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 23 | 10 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Shree Shanti Polysacks Pvt. Ltd. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Avanti Finance Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Cultivafin Inclusive Services Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ananya Finance for Inclusive Growth Pvt Ltd -Divya Bharat Rathi | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ugro Capital Limited., | Pending |
To see the full case history of Millennium Starch India 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 Millennium Starch India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Millennium Starch India Private Limited has a workforce of 116 employees on its EPFO records as of Oct 07, 2025, across 1 active EPFO establishment.
Employee count
116
Active EPFO establishments
1
Employee growth
13.73%
GST
Millennium Starch India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of Millennium Starch India Private Limited, buy the company report.
Recent activity
Millennium Starch India Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Jayshri Suresh Patil ceased to be Director on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100887953 was registered on 15 Mar 2024.
Ceased
Jayshri Suresh Patil ceased to be Director.
AGM
Millennium Starch India Private Limited last Annual general meeting of members was held on 30 Nov 2023 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100798213 was registered on 20 Oct 2023.
Charges
A charge with Others of Rs. 3.02 Cr registered on 09 Dec 2020 with Charge ID 100401410 was modified on 26 Sep 2023.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100778337 was registered on 14 Sep 2023.
Charges
A charge with Others of Rs. 7.78 Cr registered on 17 Nov 2022 with Charge ID 100630233 was modified on 13 Apr 2023.
Filing
Millennium Starch India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 7.78 Cr with Charge ID 100630233 was registered on 17 Nov 2022.
Charges
A charge registered on 10 May 2022 via Charge ID 100585149 with Others was fully satisfied on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100596077 was registered on 25 Jun 2022.
Charges
A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 19 May 2022 with Charge ID 100581696 was modified on 20 Jun 2022.
25 earlier events are in the company report.
Frequently asked questions
Millennium Starch India is an active private limited company based in Athani, Karnataka, India. The company works in industrial enzymes and biochemicals, within the chemicals and materials industry. It was incorporated on 11 April 2008 (18+ years old) and is registered under CIN U74991KA2008PTC046023.
Millennium Starch India has 2 current directors:
- Nikhil Suresh Patil - Managing Director
- Kaushal Suresh Patil - Director
The latest financial statements of Millennium Starch India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 November 2023. Year-wise statements from 2015 are in the company report.
No. Millennium Starch India has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Millennium Starch India is U74991KA2008PTC046023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millennium Starch India has 25 court cases on record: 25 filed against it. 11 are pending. Most are in the district courts.
Millennium Starch India was incorporated on 11 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Millennium Starch India has 4 deals on record (4 funding rounds), with disclosed funding of ₹12.35 Cr; the latest was in March 2019.
The peers of Millennium Starch India by revenue are SMS Biofuel Private Limited, Bharat Plus Ethanol Private Limited, Shreenathji Rasayan Pvt.Ltd, Greenergy Bio Refineries Private Limited, all in the Chemicals industry (Organic Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jayshri Suresh Patil ceased to be Director on 15 Feb 2024. Nikhil Suresh Patil ceased to be Director on 10 Jan 2020. Chidanand Laxman Savadi ceased to be Additional Director on 30 Sep 2013. Millennium Starch India has 7 board changes on record in total.
Yes, Millennium Starch India is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-04-0005946).
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