About Nirani Sugars Limited
Data last updated:
Nirani Sugars Limited was a public limited company based in Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sugar processing segment of the agriculture sector. It was incorporated on 06 December 1995.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U15421KA1995PLC019340. Its GSTIN is 29AABCN2166J1ZA (Karnataka).
The company had an authorised share capital of ₹200 Cr and a paid-up capital of ₹187.57 Cr. It was formerly known as Nirani Sugars Private Limited. It was led by directors including Vijay Murugesh Nirani (Managing Director) and Kamala Murigeppa Nirani.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Kulali Cross Jamkhandi Mudhol Dist.Bagalkot. Mudhol Dist.Bagalkot., Karnataka, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.03 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹678 (net margin 0.7%) and EBITDA of ₹13,667 (EBITDA margin 13.3%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 89% over five years.
The company had about 985 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹1,742.47 Cr on record.
The last known website on record is niranigroups.com.
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- TelephoneLocked
- Website
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- Registered AddressKulali Cross Jamkhandi Mudhol Dist.Bagalkot. Mudhol Dist.Bagalkot., Karnataka, India
- IndustryAgriculture, Sugar Processing
- 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
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Business Activity of Nirani Sugars Limited
The main business activity of Nirani Sugars is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Nirani Sugars Limited
Nirani Sugars Limited is audited by YCRJ and Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| YCRJ and Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Nirani Sugars Limited
Nirani Sugars Limited currently reports 5 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamala Murigeppa Nirani Also directs: Nirani Sugars Limited | Director | 20 Jun 2005 | 21 Years 3 Months | As last reported |
| Bhagawandas Mukundas Jaju | Director | 01 Mar 2016 | 10 Years 7 Months | As last reported |
| Venkatachalam Balasubramanian Also directs: Skand Private Limited, International Sericulture Alliance | Nominee Director | 18 May 2007 | 19 Years 4 Months | As last reported |
| Vikram Dattatray Kakade Also directs: Nirani Sugars Limited | Cfo | 01 Feb 2020 | 6 Years 8 Months | As last reported |
| Mallikarjun Bhimappa Dyaberi Also directs: Trualt Bioenergy Limited | Director | 15 Mar 2016 | 10 Years 6 Months | As last reported |
| Vijay Murugesh Nirani Also directs: Trualt Bioenergy Limited, Accutrade Global LLP, Leafiniti Bioenergy Private Limited and 5 more | Managing Director | 25 Jan 2016 | 10 Years 8 Months | As last reported |
Financials of Nirani Sugars Limited FY 2022 filings available
Nirani Sugars Limited reported revenue of ₹1.03 Lakh (up 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Nirani Sugars Limited
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 89%. EBITDA rose 5% 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 of Nirani Sugars Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13,667 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹678 | •••• | •••• | •••• | •••• |
| 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 of Nirani Sugars Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Nirani Sugars are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Nirani Sugars Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Nirani Sugars Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2022 | Others | ₹232.66 Cr | Satisfied |
| 07 Oct 2020 | Others | ₹176.4 Cr | Satisfied |
| 30 Aug 2019 | Bank of India | ₹116 Cr | Satisfied |
| 25 Jul 2019 | Bank of India | ₹40 Cr | Satisfied |
| 28 Sep 2018 | Idbi Bank Limited | ₹40 Cr | Satisfied |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Nirani Sugars Limited
Nirani Sugars Limited has a workforce of 985 employees as of Aug 17, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Nirani Sugars Limited
Nirani Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCN2166J1ZA | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Nirani Sugars Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nirani Sugars Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nirani Sugars Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nirani Sugars Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Nirani Sugars Limited
Frequently Asked Questions about Nirani Sugars Limited
Nirani Sugars 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.
Nirani Sugars was a public limited company based in Karnataka, India. The company worked in sugar processing, within the agriculture industry. It was incorporated on 06 December 1995 and is registered under CIN U15421KA1995PLC019340. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nirani Sugars was incorporated on 06 December 1995. It is registered with the Registrar of Companies, Bangalore.
Nirani Sugars had 6 directors and KMP:
- Vijay Murugesh Nirani - Managing Director
- Kamala Murigeppa Nirani - Director
- Bhagawandas Mukundas Jaju - Director
- Venkatachalam Balasubramanian - Nominee Director
- Mallikarjun Bhimappa Dyaberi - Director
- Vikram Dattatray Kakade - Cfo
The CIN (Corporate Identification Number) of Nirani Sugars is U15421KA1995PLC019340. 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 Nirani Sugars is at Kulali Cross Jamkhandi Mudhol Dist.Bagalkot. Mudhol Dist.Bagalkot., Karnataka, India.
Nirani Sugars can be reached through the website niranigroups.com. Its registered office is in Karnataka, India.
Nirani Sugars reported revenue of ₹1.03 Lakh for FY 2022 (up 41% YoY).
Nirani Sugars has an authorised share capital of ₹200 Cr and a paid-up capital of ₹187.57 Cr.