About Athani Sugars Limited
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Athani Sugars Limited is a public limited company based in Karnataka, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 25 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40109KA1995PLC017806. Its GSTIN is 29AABCA7092A1ZV (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹42.33 Cr. It was formerly known as Athani Farmers Sugar Factory Limited. It is led by directors including Shrinivas Shrimant Patil (Managing Director) and Yogesh Shrimant Patil (Officer In Default).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vishnuanna Nagar Post Navalihal Taluka Athani Dist.Belgaum, Karnataka, India – 591234.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,606.27 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹57.59 Cr (net margin 3.6%) and EBITDA of ₹225.53 Cr (EBITDA margin 14%).
The company has about 2,020 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Athani Sugars. As per MCA filings, the company has open charges of ₹2,275.99 Cr and satisfied charges of ₹3,621.13 Cr on record. Court records list 1,922 cases involving the company, including 1,815 filed by the company and 107 filed against it; 885 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 athanisugars.com.
Company details
CIN history
Athani Sugars has one previous CIN (Corporate Identification Number): U85110KA1995PLC017806. The current CIN is U40109KA1995PLC017806, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109KA1995PLC017806 | Current |
| U85110KA1995PLC017806 | Previous |
Contact details
Athani Sugars Limited's registered office is in Karnataka. Its website is athanisugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVishnuanna Nagar Post Navalihal Taluka Athani Dist.Belgaum, Karnataka, India – 591234
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Athani Sugars 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
Athani Sugars operates one associated brand: Athani Sugars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supplier of sugar cane, ethanol, and other food related products | athanisugars.com |
Business activity
The main business activities of Athani Sugars are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products 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 | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Athani Sugars Limited, buy the company report.
Financials of Athani Sugars Limited
FY 2025 filings availableAthani Sugars Limited reported revenue of ₹1,606.27 Cr (up 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 49% in the latest year. EBITDA rose 11% 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 | ₹225.53 Cr | ||||
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| Net Profit (PAT) | ₹57.59 Cr | ||||
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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 | 14% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Athani Sugars Limited, buy the company report.
Board of directors of Athani Sugars Limited
Athani Sugars has 15 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Shrimant Patil | Officer In Default | 10 Aug 2024 | 2 Years 2 Months | Current |
| Shankarao Shamrao Patil Also directs: Vasant Hatecheries Pvt Ltd | Director | 27 Sep 2008 | 18 Years 0 Months | Current |
| Ujwala Shrimant Patil | Director | 10 Dec 2016 | 9 Years 10 Months | Current |
| Nivruti Yeshwant Jadhav | Director | 29 Dec 2000 | 25 Years 9 Months | Current |
| Shrimant Balasaheb Patil Also directs: Shivneri Sugars Limited, Vishwanath Starch Industries Limited | Director | 01 Oct 2006 | 20 Years 0 Months | Current |
| Pravin Bharat Patil | Director | 05 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Athani Sugars Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (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 |
|---|---|---|---|---|---|---|
| Godavari Biorefineries Limited | ₹1,886.91 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Uttam Sugar Mills Limited | ₹1,800.52 Cr (FY 2025) | -12.0% | Roorkee, Uttarakhand, India | |||
| KPR Sugar and Apparels Limited | ₹1,765.56 Cr (FY 2025) | 16.0% | Coimbatore, Tamil Nadu, India | |||
| Rana Sugars Limited | ₹1,746.56 Cr (FY 2025) | 8.0% | Chandigarh, India | |||
| Satish Sugars Limited | ₹1,653.92 Cr (FY 2025) | 34.0% | Gokak, Karnataka, India | |||
| Athani Sugars Limitedthis company | ₹1,606.27 Cr (FY 2025) | ₹57.59 Cr | 3.6% | 49.0% | 2,020 | Karnataka, India |
| NSL Sugars Limited | ₹1,454.06 Cr (FY 2024) | -19.0% | Bangalore, Karnataka, India | |||
| The Ugar Sugar Works Ltd | ₹1,420.81 Cr (FY 2025) | 8.0% | Sangli, Maharashtra, India | |||
| Simbhaoli Sugars Limited | ₹1,417.43 Cr (FY 2023) | -1.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Athani Sugars Limited, buy the company report.
Auditor
Athani Sugars Limited is audited by M/s A.D. Shinde & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s A.D. Shinde & Co. | FY 2023 | 110124W |
Shareholding
The shareholding of Athani Sugars 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 Athani Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2025 | 101183819 | Others | ₹80 Cr | Open | |
| 14 Nov 2025 | 101183833 | Others | ₹100 Cr | Open | |
| 26 May 2025 | 101103112 | Others | ₹30 Cr | Open | |
| 08 May 2025 | 101094548 | Others | ₹25 Cr | Open | |
| 08 May 2025 | 101094558 | Others | ₹30 Cr | Open |
To see the full charge records of Athani Sugars Limited, buy the company report.
Total charge records: 126 View all charges
Legal cases
Athani Sugars Limited has 1,922 court cases on record: 1,815 filed by Athani Sugars, 107 filed against it. 885 cases are pending and 1,037 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,821 | 88 | 869 |
| High courts | 98 | 17 | 16 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 1,922)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Satish Sugars Limited | Pending |
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company by Karnataka Bank Ltd Branch Athani Represented by Manager Manohar Jarappa Moolya | Pending |
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company by The Karnataka Bank Limited R/By Branch Manager Shri Manohara S/O Jarappa Moolya | Pending |
| District court, BELAGAVI, Karnataka | Court case (A.C.) | Filed against the company by M/S Isgec Heavy Engineering Ltd., R/By Its Authorised Signatory Humayun Kumar Sahu. | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company by Karnataka Bank Ltd. | Disposed |
To see the full case history of Athani Sugars 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
Athani Sugars Limited was last rated by Care on 06 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2026 |
To see the full credit ratings and regulatory alerts of Athani Sugars Limited, buy the company report.
MSME payment delays
Athani Sugars Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Cori Engineers Private Limited | |||
| Diftech India | |||
| an individual supplier |
To see the full MSME payment records of Athani Sugars Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Athani Sugars 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 |
|---|---|---|
| Shivneri Sugars Limited | U15400PN2016PLC167162 |
To see the full group structure of Athani Sugars Limited, buy the company report.
Employees & EPFO
Athani Sugars Limited has a workforce of 2,020 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
GST
Athani Sugars has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA7092A1ZV | Karnataka | Active | 01 Jul 2017 |
| 27AABCA7092A1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Athani Sugars Limited, buy the company report.
Recent activity
Athani Sugars Limited has 35 board changes on record since 1998: 15 appointments and 20 cessations. The latest: Babasaheb Himmatrao Patil ceased to be Additional Director on 26 Sep 2025.
267 earlier events are in the company report.
Frequently asked questions
Athani Sugars is an active public limited company based in Karnataka, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 25 May 1995 (31+ years old) and is registered under CIN U40109KA1995PLC017806.
Athani Sugars has 15 current directors:
- Shrinivas Shrimant Patil - Managing Director
- Shankarao Shamrao Patil - Director
- Ujwala Shrimant Patil - Director
- Nivruti Yeshwant Jadhav - Director
- Shrimant Balasaheb Patil - Director
- Pravin Bharat Patil - Director
- Yashwant Shankarrao Patil Thorat - Director
- Sushant Patil - Director
- Uttam Pandit Patil - Director
- Prakash Vyankatrao Chavan - Director
- Krishnarao Jotiram Mohite - Director
- Suhas Shivajirao Patil - Director
- Abdulbari Abdulrajak Mulla - Director
- Babasaheb Himmatrao Patil - Director
- Yogesh Shrimant Patil - Officer In Default
The latest financial statements of Athani Sugars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Athani Sugars is 29AABCA7092A1ZV, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCA7092A1ZZ (Maharashtra).
The CIN (Corporate Identification Number) of Athani Sugars is U40109KA1995PLC017806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Athani Sugars has 1,922 court cases on record: 1,815 filed by the company and 107 filed against it. 885 are pending. Most are in the district courts.
Athani Sugars was incorporated on 25 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Athani Sugars by revenue are Godavari Biorefineries Limited, Uttam Sugar Mills Limited, KPR Sugar and Apparels Limited, Rana Sugars Limited, Satish Sugars Limited and 3 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Babasaheb Himmatrao Patil ceased to be Additional Director on 26 Sep 2025. Yashwant Shankarrao Patil Thorat ceased to be Additional Director on 26 Sep 2025. Babasaheb Himmatrao Patil was appointed as Director on 19 Jul 2025. Athani Sugars has 35 board changes on record in total.
Athani Sugars has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 8 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Athani Sugars can be reached through the website athanisugars.com. Its registered office is in Karnataka, India.
The registered office of Athani Sugars is at Vishnuanna Nagar Post Navalihal Taluka Athani Dist.Belgaum, Karnataka, India – 591234.