About Samunnati Agro Solutions Private Limited
Data last updated:
Samunnati Agro Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Samunnati Financial Intermediation & Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the agricultural products distribution segment of the agriculture sector. It was incorporated on 14 October 2016.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC112925. Its GSTIN is 33AAXCS7233D1Z5 (Tamil Nadu). The company held 10 GST registrations, of which 9 are active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹72.9 Lakh. It was led by directors including Anuj Vijaykumar Narang (Whole-Time Director) and Venkatesh Tagat.
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 was at Baid Hi Tech Park 8th Floor No 129 B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,711.05 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹34.25 Cr (net margin -2%) and EBITDA of -₹18.12 Cr (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 74% over five years.
The company had about 147 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 2 brands: FPONext and Samunnati. As per MCA filings, the company had satisfied charges of ₹830 Cr on record. Court records list 223 cases involving the company, including 185 filed by the company and 38 filed against it; 58 cases are pending. The company has 5 deals on record (5 rights issues); the latest was in May 2024.
The last known website on record is samunnati.com.
Company details
Contact details
Samunnati Agro Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is samunnati.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBaid Hi Tech Park 8th Floor No 129 B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Samunnati Agro Solutions Private 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
Samunnati Agro Solutions operates two associated brands: FPONext and Samunnati. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform delivering practical farming tips and advice to users. | fponext.com | |
| Financial solutions and loans are provided to Indian farmers. | samunnati.com |
Financials of Samunnati Agro Solutions Private Limited
FY 2024 filings availableSamunnati Agro Solutions Private Limited reported revenue of ₹1,711.05 Cr (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 74%. 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 | |||||
| Other Income | |||||
| Total Revenue | ₹1,711.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹18.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹34.25 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -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 Samunnati Agro Solutions Private Limited, buy the company report.
Board of directors of Samunnati Agro Solutions Private Limited
Samunnati Agro Solutions has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Vijaykumar Narang | Whole-Time Director | 16 Nov 2021 | 4 Years 11 Months | As last reported |
| Venkatesh Tagat Also directs: Sanghamithra Rural Financial Services | Director | 20 Jun 2017 | 9 Years 4 Months | As last reported |
| Pravesh Sharma Also directs: DCM Shriram Limited, Bharat Fpo Safe Foods Private Limited, Samunnati Agri Innovations Lab Private Limited and 1 more | Director | 27 Apr 2021 | 5 Years 6 Months | As last reported |
| Anil Somanapalli Kumar Gopala Krishna | Director | 14 Oct 2016 | 10 Years 0 Months | As last reported |
Auditor
Samunnati Agro Solutions Private Limited is audited by P K F SRIDHAR & SANTHANAM LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K F SRIDHAR & SANTHANAM LLP | FY 2023 | 003990S/S200018 |
Shareholding
The shareholding of Samunnati Agro Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Samunnati Agro Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2024 | 100891435 | Others | ₹18 Cr | Satisfied | |
| 23 Feb 2024 | 100876023 | Others | ₹20 Cr | Satisfied | |
| 19 Dec 2023 | 100839439 | Others | ₹20 Cr | Satisfied | |
| 25 Aug 2023 | 100775300 | Others | ₹20 Cr | Satisfied | |
| 03 Mar 2023 | 100691162 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Samunnati Agro Solutions Private Limited, buy the company report.
Total charge records: 51 View all charges
Deals & funding
Samunnati Agro Solutions Private Limited has 5 deals on record (5 rights issues); the latest was in May 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Rights issue | ₹80 Cr | Investors: Samunnati Agri Value Chain Solutions Private Limited |
| Jan 2024 | Rights issue | ₹30 Cr | Investors: Samunnati Agri Value Chain Solutions Private Limited |
| Feb 2023 | Rights issue | ₹99.92 Cr | Investors: Samunnati Agri Value Chain Solutions Private Limited |
| Jul 2019 | Rights issue | ₹60 Cr | Investors: Samunnati Agri Value Chain Solutions Private Limited |
| Feb 2018 | Rights issue | ₹18 Cr | Investors: Samunnati Agri Value Chain Solutions Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Samunnati Agro Solutions Private Limited has 223 court cases on record: 185 filed by Samunnati Agro Solutions, 38 filed against it. 58 cases are pending and 165 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 143 | 1 | 49 |
| High courts | 73 | 33 | 7 |
| NCLT | 3 | 1 | 1 |
| Supreme Court | 2 | 1 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 223)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Venagro Nutrifoods Pvt Ltd Director | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against M/S. Sriya Farms and Feeds Pvt Ltd and 2 Others and 2 others | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against Shree Ram Proteins Ltd and 3 Others Rep Lalitkumar Chandulat and 3 others | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Rajtharun Textiles India Private Limited | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Castle Distributors Pvt Ltd and Another | Disposed |
To see the full case history of Samunnati Agro Solutions 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.
Credit ratings & regulatory alerts
Samunnati Agro Solutions Private Limited was last rated by Crisil on 31 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Dec 2020 |
To see the full credit ratings and regulatory alerts of Samunnati Agro Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Samunnati Agro Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Samunnati Agro Solutions 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 |
|---|---|---|
| Samunnati Investment Management Services Private Limited | U67190TN2022PTC150411 |
To see the full group structure of Samunnati Agro Solutions Private Limited, buy the company report.
Employees & EPFO
Samunnati Agro Solutions Private Limited has a workforce of 147 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Samunnati Agro Solutions has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAXCS7233D1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
| 24AAXCS7233D1Z4 | Gujarat | Active | 01 Jul 2017 |
| 36AAXCS7233D1ZZ | Telangana | Active | 05 Sep 2017 |
| 29AAXCS7233D1ZU | Karnataka | Active | 22 Sep 2017 |
To see the full GST registrations and return filing status of Samunnati Agro Solutions Private Limited, buy the company report.
Recent activity
Samunnati Agro Solutions Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Anuj Vijaykumar Narang ceased to be Director on 11 Nov 2022.
102 earlier events are in the company report.
News
Frequently asked questions
Samunnati Agro Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Samunnati Agro Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 14 October 2016 and is registered under CIN U74999TN2016PTC112925. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Samunnati Agro Solutions was incorporated on 14 October 2016. It is registered with the Registrar of Companies, Chennai.
Samunnati Agro Solutions had 4 directors:
- Anuj Vijaykumar Narang - Whole-Time Director
- Venkatesh Tagat - Director
- Pravesh Sharma - Director
- Anil Somanapalli Kumar Gopala Krishna - Director
The CIN (Corporate Identification Number) of Samunnati Agro Solutions is U74999TN2016PTC112925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Samunnati Agro Solutions is at Baid Hi Tech Park 8th Floor No 129 B East Coast Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
Samunnati Agro Solutions can be reached through the website samunnati.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Samunnati Agro Solutions 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 2017 are in the company report.
The GSTIN of Samunnati Agro Solutions is 33AAXCS7233D1Z5, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAXCS7233D1Z4 (Gujarat), 36AAXCS7233D1ZZ (Telangana), 29AAXCS7233D1ZU (Karnataka).
Samunnati Agro Solutions operated in the agriculture industry, in the agro retail and distribution segment.
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