About Nirani Sugars Limited
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Nirani Sugars Limited is a public limited company based in Bagalkot, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 30 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15424KA2020PLC142790. Its GSTIN is 29AAOCM1786G1ZX (Karnataka).
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,455.53 Cr. It is led by directors including Vishal Nirani (Managing Director) and Murigeppa Shivaputrappa Hattikal (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 Survey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313.
As per the financials filed for FY 2024, the company reported a revenue of ₹3,030.64 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹34.59 Cr (net margin 1.1%) and EBITDA of ₹410.25 Cr (EBITDA margin 13.5%).
The company has about 2,573 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MRN Group. As per MCA filings, the company has open charges of ₹3,447.35 Cr and satisfied charges of ₹2,040.33 Cr on record. Court records list 521 cases involving the company, including 466 filed by the company and 55 filed against it; 152 cases are pending.
For more details, the company can be reached via its website niranigroups.com.
Company details
CIN history
Nirani Sugars has one previous CIN (Corporate Identification Number): U15424KA2020PTC142790. The current CIN is U15424KA2020PLC142790, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15424KA2020PLC142790 | Current |
| U15424KA2020PTC142790 | Previous |
Contact details
Nirani Sugars Limited's registered office is in Bagalkot, Karnataka. Its website is niranigroups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313
- IndustryAgriculture, Sugar Processing
To see the full contact details of Nirani 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
Nirani Sugars operates one associated brand: MRN Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, ethanol manufacturing, and diversified industries in India. | niranigroups.com |
Business activity
The main business activity of Nirani Sugars is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Nirani Sugars Limited, buy the company report.
Financials of Nirani Sugars Limited
FY 2024 filings availableNirani Sugars Limited reported revenue of ₹3,030.64 Cr (up 66% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 66% in the latest year. EBITDA rose 47% 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 | FY 2020-21 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | ₹410.25 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹34.59 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.5% | |||
| Net Profit Margin | 1.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Nirani Sugars Limited, buy the company report.
Board of directors of Nirani Sugars Limited
Nirani Sugars has 10 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangamesh Nirani Also directs: Accutrade Global LLP, Mahaveer Silicons Private Limited, Trualt Carbonics Private Limited and 5 more | Director | 19 Oct 2021 | 5 Years 0 Months | Current |
| Vishal Nirani Also directs: Accutrade Global LLP, Trualt Carbonics Private Limited, Nirani Bioplastic Private Limited and 5 more | Managing Director | 19 Oct 2021 | 5 Years 0 Months | Current |
| Kamala Murigeppa Nirani | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Ramesh Biradar | Director | 17 Jun 2025 | 1 Years 4 Months | Current |
| Chikkaveerappa Somasekhara | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Vikram Dattatray Kakade | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Nirani Sugars Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Baramati Agro Limited | ₹5,585.49 Cr (FY 2025) | 18.0% | Baramati, Maharashtra, India | |||
| Parry Sugars Refinery India Private Limited | ₹4,285.17 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Nirani Sugars Limitedthis company | ₹3,030.64 Cr (FY 2024) | ₹34.59 Cr | 1.1% | 66.0% | Bagalkot, Karnataka, India | |
| Dhampur Bio Organics Limited | ₹2,696.64 Cr (FY 2025) | 12.0% | Sambhal, Uttar Pradesh, India | |||
| Avadh Sugar & Energy Limited | ₹2,639.4 Cr (FY 2025) | -2.0% | Sitapur, Uttar Pradesh, India |
To see the full peer comparison of Nirani Sugars Limited, buy the company report.
Auditor
Nirani Sugars Limited is audited by YCRJ & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YCRJ & Associates | FY 2023 | 006927S |
Shareholding
The shareholding of Nirani Sugars Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nirani Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2025 | 101175647 | Others | ₹50 Cr | Open | |
| 23 Oct 2025 | 101175657 | Others | ₹10 Cr | Open | |
| 17 Oct 2025 | 101179015 | Bank of India | ₹18 Cr | Open | |
| 16 Oct 2025 | 101179022 | Bank of India | ₹67 Cr | Open | |
| 01 Sep 2025 | 101155889 | Bank of India | ₹50 Cr | Open |
To see the full charge records of Nirani Sugars Limited, buy the company report.
Total charge records: 81 View all charges
Legal cases
Nirani Sugars Limited has 521 court cases on record: 466 filed by Nirani Sugars, 55 filed against it. 152 cases are pending and 369 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 495 | 42 | 141 |
| High courts | 22 | 12 | 10 |
| Supreme Court | 2 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 521)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by M/S. Castle Distributors Pvt. Ltd. | Pending |
| High Court, West Bengal | Court case (CRR) | Filed by the company against M/S Castle Distributors Private Limited | Pending |
| District court, Yavatmal, Maharashtra | Commercial suit | Filed against the company by M/S. Deccan Sugar Pvt. Ltd. Through Chairman Sadhuram Pataldhamal Wadhwani and Other and 1 other | Pending |
| District court, Yavatmal, Maharashtra | Commercial matter | Filed by the company against M/S Deccan Sugar Pvt Ltd. Shri Manoj Sadhuram Wadhwani | Disposed |
| District court, BAGALKOT, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Nirani 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nirani Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirani Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM1786G1ZX | Karnataka | Active | 24 Nov 2021 |
To see the full GST registrations and return filing status of Nirani Sugars Limited, buy the company report.
Recent activity
Nirani Sugars Limited has 12 board changes on record since 2020: 11 appointments and 1 cessation. The latest: Vijaykumar Murugesh Nirani ceased to be Director on 18 Jun 2025.
122 earlier events are in the company report.
Frequently asked questions
Nirani Sugars is an active public limited company based in Bagalkot, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 30 December 2020 (6+ years old) and is registered under CIN U15424KA2020PLC142790.
Nirani Sugars has 10 current directors:
- Vishal Nirani - Managing Director
- Murigeppa Shivaputrappa Hattikal - Whole-Time Director
- Sangamesh Nirani - Director
- Kamala Murigeppa Nirani - Director
- Ramesh Biradar - Director
- Chikkaveerappa Somasekhara - Director
- Vikram Dattatray Kakade - Director
- Udaya Reddy - Director
- Narendra Mohan - Director
- Shreya Vishal Nirani - Director
The latest financial statements of Nirani 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 2021 are in the company report.
The GSTIN of Nirani Sugars is 29AAOCM1786G1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Nirani Sugars is U15424KA2020PLC142790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirani Sugars has 521 court cases on record: 466 filed by the company and 55 filed against it. 152 are pending. Most are in the district courts.
Nirani Sugars was incorporated on 30 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nirani Sugars by revenue are Baramati Agro Limited, Parry Sugars Refinery India Private Limited, Dhampur Bio Organics Limited, Avadh Sugar & Energy Limited, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Vijaykumar Murugesh Nirani ceased to be Director on 18 Jun 2025. Ramesh Biradar was appointed as Director on 17 Jun 2025. Shreya Vishal Nirani was appointed as Director on 05 Nov 2024. Nirani Sugars has 12 board changes on record in total.
Nirani Sugars can be reached through the website niranigroups.com. Its registered office is in Bagalkot, Karnataka, India.
The registered office of Nirani Sugars is at Survey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313.
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