Mrinal Sugars Limited
About Mrinal Sugars Limited
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Mrinal Sugars Limited is a public limited company based in Belgaum, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 17 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15400KA2021PLC150820. Its GSTIN is 29AAOCM8804B1ZA (Karnataka).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹8.17 Cr. It is led by directors including Mrinal Hebbalkar (Managing Director) and Laxmi Ravindra Hebbalkar.
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 Belgaum, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.87 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Lakh (net margin 22.1%) and EBITDA of ₹1.96 Lakh (EBITDA margin 33.4%).
As per MCA filings, the company has open charges of ₹160.5 Cr on record.
Company details
Contact details
Mrinal Sugars Limited's registered office is in Belgaum, Karnataka.
- Registered AddressPlot No.16, Cts No. 2296 Hanuman Nagar, Belgaum, Karnataka, India – 590019
- IndustryAgriculture, Sugar Processing
- 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
Financials of Mrinal Sugars Limited
FY 2024 filings availableMrinal Sugars Limited reported revenue of ₹5.87 Lakh (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA fell 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹1.96 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.3 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 33.4% | ||
| Net Profit Margin | 22.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Mrinal Sugars Limited, buy the company report.
Board of directors of Mrinal Sugars Limited
Mrinal Sugars has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmi Ravindra Hebbalkar | Director | 17 Aug 2021 | 5 Years 2 Months | Current |
| Channaraj Hattiholi Basavaraj | Director | 17 Aug 2021 | 5 Years 2 Months | Current |
| Mrinal Hebbalkar | Managing Director | 17 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Mrinal Sugars Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prathibha Patil Sugar Industries Private Limited | ₹6.42 Lakh (FY 2025) | 5.0% | Vijayapur, Karnataka, India | |||
| Rao Sugar and Agri Products Private Limited | ₹6.38 Lakh (FY 2024) | 15.0% | Narsinghpur, Madhya Pradesh, India | |||
| Honaae Sugar & Power India Private Limited | ₹6.1 Lakh (FY 2025) | 2.0% | Pune, Maharashtra, India | |||
| Sharada Sugars Private Limited | ₹5.98 Lakh (FY 2025) | 7.0% | Dharwad, Karnataka, India | |||
| Sugar Foods & Hospitality Private Limited | ₹5.97 Lakh (FY 2024) | Lucknow, Uttar Pradesh, India | ||||
| Mrinal Sugars Limitedthis company | ₹5.87 Lakh (FY 2024) | ₹1.3 Lakh | 22.1% | 5.0% | Belgaum, Karnataka, India | |
| S S Sugar India Private Limited | ₹5.77 Lakh (FY 2021) | 3.0% | Sangli, Maharashtra, India | |||
| Chandrabhaga Dairies Limited | ₹5.67 Lakh (FY 2021) | -26.0% | Solapur, Maharashtra, India | |||
| Armstrong Infrastructure Private Limited | ₹5.62 Lakh (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Yaragatti Sugars Private Limited | ₹5.52 Lakh (FY 2025) | 3.0% | Gokak, Karnataka, India | |||
| Siddhivinayak Sugars Limited | ₹5.47 Lakh (FY 2022) | -9.0% | Pune, Maharashtra, India |
To see the full peer comparison of Mrinal Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2025 | 101104060 | Canara Bank | ₹50 Lakh | Open | |
| 16 Apr 2025 | 101079680 | Others | ₹160 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Mrinal Sugars Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mrinal Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mrinal Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM8804B1ZA | Karnataka | Active | 21 Oct 2021 |
To see the full GST registrations and return filing status of Mrinal Sugars Limited, buy the company report.
Recent activity
Mrinal Sugars Limited has 6 board changes on record since 2021: 3 appointments and 3 cessations. The latest: Laxmi Ravindra Hebbalkar ceased to be Director on 17 Feb 2025.
Frequently asked questions
Mrinal Sugars is an active public limited company based in Belgaum, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 17 August 2021 (5+ years old) and is registered under CIN U15400KA2021PLC150820.
Mrinal Sugars has 3 current directors:
- Mrinal Hebbalkar - Managing Director
- Laxmi Ravindra Hebbalkar - Director
- Channaraj Hattiholi Basavaraj - Director
The latest financial statements of Mrinal Sugars 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 FY 2022 are in the company report.
The GSTIN of Mrinal Sugars is 29AAOCM8804B1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Mrinal Sugars is U15400KA2021PLC150820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mrinal Sugars was incorporated on 17 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mrinal Sugars by revenue are Prathibha Patil Sugar Industries Private Limited, Rao Sugar and Agri Products Private Limited, Honaae Sugar & Power India Private Limited, Sharada Sugars Private Limited, Sugar Foods & Hospitality Private Limited and 5 more, all in the Agriculture industry (Sugar).
Laxmi Ravindra Hebbalkar ceased to be Director on 17 Feb 2025. Mrinal Hebbalkar ceased to be Director on 17 Feb 2025. Channaraj Hattiholi Basavaraj ceased to be Managing Director on 26 Jan 2025. Mrinal Sugars has 6 board changes on record in total.
The registered office of Mrinal Sugars is at Plot No.16, Cts No. 2296 Hanuman Nagar, Belgaum, Karnataka, India – 590019.
Mrinal Sugars operates in the agriculture industry, in the sugar processing segment.
Mrinal Sugars has open charges of ₹160.5 Cr and no satisfied charges on record as per latest MCA filings.
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