About Mylar Sugars Limited
Data last updated:
Mylar Sugars Limited is a public limited company based in Hubli, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15424KA2012PLC066945. Its GSTIN is 29AAICM3293L1ZU (Karnataka).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹40.22 Cr. It is led by directors including Puranikmath Udyakumar Gangadharayya (Managing Director) and Anupama Udaykumar Puranikmath (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 # 6 Laxmi Park Behind New Bus Stand, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2024, the company reported a revenue of ₹268.93 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹6.56 Cr (net margin 2.4%) and EBITDA of ₹90 Cr (EBITDA margin 33.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 9% over five years.
The company has about 347 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mylar Sugar. As per MCA filings, the company has open charges of ₹946.11 Cr and satisfied charges of ₹139.93 Cr on record. Court records list 26 cases involving the company, including 18 filed by the company and 8 filed against it; 3 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 mylarsugars.com.
Company details
Contact details
Mylar Sugars Limited's registered office is in Hubli, Karnataka. Its website is mylarsugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address# 6 Laxmi Park Behind New Bus Stand, Hubli, Karnataka, India – 580030
- IndustryAgriculture, Sugar Processing
To see the full contact details of Mylar 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
Mylar Sugars operates one associated brand: Mylar Sugar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, marketing of bi-products, and related services in Karnataka. | mylarsugars.com |
Business activity
The main business activity of Mylar 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 Mylar Sugars Limited, buy the company report.
Financials of Mylar Sugars Limited
FY 2024 filings availableMylar Sugars Limited reported revenue of ₹268.93 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 118% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹268.93 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.56 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.5% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 Mylar Sugars Limited, buy the company report.
Board of directors of Mylar Sugars Limited
Mylar Sugars has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Ramakrishna Tarikoppada Also directs: Mylar Infra Private Limited | Director | 29 Nov 2012 | 13 Years 10 Months | Current |
| Mahantesh Rajasekharayya Chokuomath | Director | 29 Nov 2012 | 13 Years 10 Months | Current |
| Anupama Udaykumar Puranikmath Also directs: Mylar Infra Private Limited, Ukem Agre Infra Limited | Whole-Time Director | 15 Jan 2015 | 11 Years 9 Months | Current |
| Anand Suresh Karajagi | Director | 24 Aug 2021 | 5 Years 2 Months | Current |
| Ramakrishna Venkareddy Tarikoppad Also directs: Mylar Infra Private Limited | Whole-Time Director | 29 Nov 2012 | 13 Years 10 Months | Current |
| Anilkumar Bhagyanaik Banjara | Director | 05 Feb 2013 | 13 Years 8 Months | Current |
Peer comparison
Mylar Sugars Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| P B S Foods (Sugar) Private Limited | ₹278.33 Cr (FY 2025) | -11.0% | Chandpur, Uttar Pradesh, India | |||
| Shamanur Sugars Limited | ₹277.34 Cr (FY 2025) | 7.0% | Davanagere, Karnataka, India | |||
| MRN Bhima Sugar and Power Private Limited | ₹275.79 Cr (FY 2024) | 122.0% | Pune, Maharashtra, India | |||
| Lakshmiji Sugar Mills Company Limited | ₹273.47 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| The Saswad Mali Sugar Factory Ltd | ₹271.38 Cr (FY 2024) | -23.0% | Sholapur, Maharashtra, India | |||
| Mylar Sugars Limitedthis company | ₹268.93 Cr (FY 2024) | ₹6.56 Cr | 2.4% | -8.0% | 347 | Hubli, Karnataka, India |
| Mellbro Sugars Private Limited | ₹258.35 Cr (FY 2025) | -12.0% | Bagalkot, Karnataka, India | |||
| Quinergy Industries Limited | ₹258.12 Cr (FY 2023) | 113.0% | Pune, Maharashtra, India |
To see the full peer comparison of Mylar Sugars Limited, buy the company report.
Auditor
Mylar Sugars Limited is audited by CA Kiran Hiremath & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Kiran Hiremath & Co | FY 2024 | 016311S |
Shareholding
The shareholding of Mylar Sugars Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mylar Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2025 | 101124460 | Others | ₹5 Cr | Open | |
| 29 May 2025 | 101108988 | Others | ₹116 Cr | Open | |
| 26 Mar 2025 | 101084105 | Others | ₹25 Cr | Open | |
| 30 Mar 2024 | 100903365 | Others | ₹15 Cr | Open | |
| 27 Mar 2024 | 100888135 | Others | ₹25 Cr | Open |
To see the full charge records of Mylar Sugars Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Mylar Sugars Limited has 26 court cases on record: 18 filed by Mylar Sugars, 8 filed against it. 3 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 3 | 2 |
| High courts | 5 | 5 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by National Insurance Company Limited | Pending |
| High Court, KARNATAKA | Appeal | Filed against the company by M/S Indian Oil Corporation Ltd | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Indian Sugar Exim Corporation Limited (Isec) | Disposed |
| District court, TUMAKURU, Karnataka | Criminal complaint | Filed against the company by The Tumkur District Co-Operative Central Bank Ltd | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Mylar 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
Mylar Sugars Limited was last rated by Brickwork on 02 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 02 Mar 2022 |
To see the full credit ratings and regulatory alerts of Mylar Sugars Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mylar Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mylar Sugars Limited has a workforce of 347 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Mylar Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM3293L1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mylar Sugars Limited, buy the company report.
Recent activity
Mylar Sugars Limited has 18 board changes on record since 2012: 9 appointments and 9 cessations. The latest: Anupama Udaykumar Puranikmath ceased to be Director on 28 Mar 2022.
36 earlier events are in the company report.
Frequently asked questions
Mylar Sugars is an active public limited company based in Hubli, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U15424KA2012PLC066945.
Mylar Sugars has 9 current directors:
- Puranikmath Udyakumar Gangadharayya - Managing Director
- Anupama Udaykumar Puranikmath - Whole-Time Director
- Ramakrishna Venkareddy Tarikoppad - Whole-Time Director
- Shilpa Ramakrishna Tarikoppada - Director
- Mahantesh Rajasekharayya Chokuomath - Director
- Anand Suresh Karajagi - Director
- Anilkumar Bhagyanaik Banjara - Director
- Tharikoppada Narayana Reddy - Director
- Kanthesh Parameshawarappa Kareddy - Director
The latest financial statements of Mylar 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 2015 are in the company report.
The GSTIN of Mylar Sugars is 29AAICM3293L1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Mylar Sugars is U15424KA2012PLC066945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mylar Sugars has 26 court cases on record: 18 filed by the company and 8 filed against it. 3 are pending. Most are in the district courts.
Mylar Sugars was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mylar Sugars by revenue are P B S Foods (Sugar) Private Limited, Shamanur Sugars Limited, MRN Bhima Sugar and Power Private Limited, Lakshmiji Sugar Mills Company Limited, The Saswad Mali Sugar Factory Ltd and 2 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Anupama Udaykumar Puranikmath ceased to be Director on 28 Mar 2022. Gachinamath Mahadevayya Shobha ceased to be Director on 28 Mar 2022. Mahadevayya Veerayya Gachinmath ceased to be Managing Director on 28 Mar 2022. Mylar Sugars has 18 board changes on record in total.
Mylar Sugars can be reached through the website mylarsugars.com. Its registered office is in Hubli, Karnataka, India.
The registered office of Mylar Sugars is at # 6 Laxmi Park Behind New Bus Stand, Hubli, Karnataka, India – 580030.