About NSL Sugars Limited
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NSL Sugars Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Mandava Holdings Private Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 23 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15429KA1999PLC026121. Its GSTIN is 29AAGCS0938Q1ZM (Karnataka). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹275 Cr and a paid-up capital of ₹164.99 Cr. It was formerly known as Somanahlli C.Mallalh Sugars Limited and Somanahalli C. Mallaiah Sugars Limited. It is led by directors including Yasangi Venkata Krishna Rao (Whole-Time Director) and Prabhakar Rao Mandava.
Its last annual general meeting (AGM) was held on 24 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 60/1 2nd Cross Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,035.83 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹74.07 Cr (net margin -7.2%) and EBITDA of ₹166.69 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 626 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: NSL Sugars. As per MCA filings, the company has open charges of ₹1,195.67 Cr and satisfied charges of ₹1,629.14 Cr on record. Court records list 2,115 cases involving the company, including 2,002 filed by the company and 117 filed against it; 586 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 nslsugars.com.
Company details
Name history
NSL Sugars has undergone 3 name changes throughout its history. The company was previously known as Somanahlli C.Mallalh Sugars Limited, Somanahalli C. Mallaiah Sugars Limited, and Scm Sugars Limited. The current legal name is Nsl Sugars Limited.
| Company Name | Status |
|---|---|
| NSL Sugars Limited | Current |
| Somanahlli C.Mallalh Sugars Limited | Previous |
| Somanahalli C. Mallaiah Sugars Limited | Previous |
| Scm Sugars Limited | Previous |
Contact details
NSL Sugars Limited's registered office is in Bangalore, Karnataka. Its website is nslsugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address60/1 2nd Cross Residency Road, Bangalore, Karnataka, India – 560025
- IndustryAgriculture, Sugar Processing
To see the full contact details of NSL 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
NSL Sugars operates one associated brand: NSL Sugars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar manufacturing and agro-based businesses in India. | nslsugars.com |
Business activity
The main business activities of NSL Sugars are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, electric power generation, transmission and distribution and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 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 | |
| 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 |
To see the full business activity and turnover split of NSL Sugars Limited, buy the company report.
Financials of NSL Sugars Limited
FY 2025 filings availableNSL Sugars Limited reported revenue of ₹1,035.83 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 126% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,035.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹166.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹74.07 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | ||||
| Net Profit Margin | -7.2% | ||||
| 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 NSL Sugars Limited, buy the company report.
Board of directors of NSL Sugars Limited
NSL Sugars has 7 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhakar Rao Mandava Also directs: Fortune Hybrid Seeds Limited, Pravardhan Seeds Private Limited, NSL Textiles Limited and 5 more | Director | 26 Jul 2001 | 25 Years 3 Months | Current |
| Mandava Venkatram Chowdary Also directs: NSL Textiles Limited, Divyasree NSL Infrastructure Private Limited, Nuziveedu Seeds Limited and 5 more | Director | 11 May 2012 | 14 Years 5 Months | Current |
| Somayajulu Kodukula Ayyanna | Director | 29 Aug 2020 | 6 Years 2 Months | Current |
| Sambasiva Rao Nannapaneni Also directs: Prabhat Agri Biotech Limited, NSL Krishnaveni Sugars Limited | Director | 29 Aug 2020 | 6 Years 2 Months | Current |
| Mandava Ashapriya Also directs: NSL Textiles Limited, NSL Cotton Corporation Private Limited, MKP Power Private Limited and 5 more | Director | 26 Jul 2001 | 25 Years 3 Months | Current |
| Yasangi Venkata Krishna Rao | Whole-Time Director | 27 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
NSL Sugars Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (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 |
|---|---|---|---|---|---|---|
| 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 Limited | ₹1,606.27 Cr (FY 2025) | 49.0% | 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 | |||
| Dwarikesh Sugar Industries Limited | ₹1,365.32 Cr (FY 2025) | -21.0% | Bijnore, Uttar Pradesh, India | |||
| Wave Industries Private Limited | ₹1,363.07 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Magadh Sugar & Energy Limited | ₹1,325.11 Cr (FY 2025) | 21.0% | Sitapur, Uttar Pradesh, India | |||
| NSL Sugars Limitedthis company | ₹1,035.83 Cr (FY 2025) | -₹74.07 Cr | -7.2% | -14.0% | 626 | Bangalore, Karnataka, India |
To see the full peer comparison of NSL Sugars Limited, buy the company report.
Auditor
NSL Sugars Limited is audited by T. Gandhi & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. Gandhi & Co | FY 2023 | 000853S |
Shareholding
The shareholding of NSL 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of NSL Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2023 | 100826422 | Idbi Trusteeship Services Limited | ₹171 Cr | Open | |
| 19 Jun 2017 | 100123681 | Idbi Trusteeship Services Limited | ₹229.91 Cr | Open | |
| 19 Jun 2017 | 100166429 | Idbi Trusteeship Services Limited | ₹324.12 Cr | Open | |
| 28 Sep 2015 | 10597824 | Central Bank of India | ₹20.78 Cr | Open | |
| 23 Apr 2015 | 10566411 | Central Bank of India | ₹30 Cr | Open |
To see the full charge records of NSL Sugars Limited, buy the company report.
Total charge records: 61 View all charges
Legal cases
NSL Sugars Limited has 2,115 court cases on record: 2,002 filed by NSL Sugars, 117 filed against it. 586 cases are pending and 1,529 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,985 | 75 | 558 |
| High courts | 118 | 36 | 22 |
| Supreme Court | 11 | 5 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 2,115)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Appeal | Filed against the company by Power Company of Karnataka Limited and 5 others | Pending |
| High Court, KARNATAKA | Appeal | Filed against the company by M/S Ugar Sugar Works Ltd and Anr and 1 other | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Southern Power Distribution Company of Andhra Pradesh Ltd. (Apspdcl) Represented by Its Managing Director Kesavayanigunta, Tiruchanoor Road, Tirupati &Ndash; 517 503 , , Andhra Pradesh and 3 others | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Netafim Agricultural Financing Agency Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Netafim Agricultural Financing Agency Pvt. Ltd. | Disposed |
To see the full case history of NSL 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
NSL Sugars Limited was last rated by Brickwork on 27 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 27 Dec 2021 |
To see the full credit ratings and regulatory alerts of NSL Sugars Limited, buy the company report.
MSME payment delays
NSL Sugars Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 143 overdue payments to 96 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 96)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Safemart Innovative Products Private Limited | |||
| an individual supplier | |||
| Indotech Speciality Private Limited | |||
| an individual supplier |
To see the full MSME payment records of NSL Sugars Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
NSL Sugars has 1 subsidiary company and 1 associated 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 |
|---|---|---|
| NSL Krishnaveni Sugars Limited | U15421TG2006PLC050837 |
To see the full group structure of NSL Sugars Limited, buy the company report.
Employees & EPFO
NSL Sugars Limited has a workforce of 626 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
NSL Sugars has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCS0938Q1ZM | Karnataka | Active | 01 Jul 2017 |
| 27AAGCS0938Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 36AAGCS0938Q1ZR | Telangana | Active | 01 Jul 2017 |
| 37AAGCS0938Q1ZP | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of NSL Sugars Limited, buy the company report.
Recent activity
NSL Sugars Limited has 31 board changes on record since 2001: 7 appointments and 24 cessations. The latest: Yasangi Venkata Krishna Rao ceased to be Additional Director on 29 Apr 2024.
152 earlier events are in the company report.
Frequently asked questions
NSL Sugars is an active public limited company based in Bangalore, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 23 December 1999 (27+ years old) and is registered under CIN U15429KA1999PLC026121.
NSL Sugars has 7 current directors:
- Yasangi Venkata Krishna Rao - Whole-Time Director
- Prabhakar Rao Mandava - Director
- Mandava Venkatram Chowdary - Director
- Somayajulu Kodukula Ayyanna - Director
- Sambasiva Rao Nannapaneni - Director
- Mandava Ashapriya - Director
- Govinda Rajulu Chintala - Director
The latest financial statements of NSL Sugars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NSL Sugars is 29AAGCS0938Q1ZM, registered in Karnataka. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AAGCS0938Q1ZQ (Maharashtra), 36AAGCS0938Q1ZR (Telangana), 37AAGCS0938Q1ZP (Andhra Pradesh).
The CIN (Corporate Identification Number) of NSL Sugars is U15429KA1999PLC026121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NSL Sugars has 2,115 court cases on record: 2,002 filed by the company and 117 filed against it. 586 are pending. Most are in the district courts.
NSL Sugars was incorporated on 23 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of NSL Sugars by revenue are Rana Sugars Limited, Satish Sugars Limited, Athani Sugars Limited, The Ugar Sugar Works Ltd, Simbhaoli Sugars Limited and 3 more, all in the Agriculture industry (Organic Chemicals, Sugar), with the same principal business activity (food, beverages and tobacco products).
Yasangi Venkata Krishna Rao ceased to be Additional Director on 29 Apr 2024. Yasangi Venkata Krishna Rao was appointed as Whole-Time Director on 27 Mar 2024. Govinda Rajulu Chintala ceased to be Additional Director on 29 Sep 2023. NSL Sugars has 31 board changes on record in total.
NSL Sugars has 13 MSME Form 1 returns on record between 2019 and 2024, listing 143 overdue payments to 96 micro and small suppliers. The latest return was filed on 30 Apr 2024.
NSL Sugars can be reached through the website nslsugars.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of NSL Sugars is at 601 2nd Cross Residency Road, Bangalore, Karnataka, India – 560025.
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