About Nirani Sugars Limited
Data last updated:
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.
For more details, the company can be reached via its website niranigroups.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313
- 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
- One PDF report, delivered after checkout
CIN History of Nirani Sugars Limited
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 |
Associated Brands with Nirani Sugars Limited
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 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 & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| YCRJ & 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 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 | 4 Years 11 Months | Current |
| Vishal Nirani Also directs: Accutrade Global LLP, Trualt Carbonics Private Limited, Nirani Bioplastic Private Limited and 4 more | Managing Director | 19 Oct 2021 | 4 Years 11 Months | Current |
| Kamala Murigeppa Nirani | Director | 15 Jul 2024 | 2 Years 2 Months | Current |
| Ramesh Biradar | Director | 17 Jun 2025 | 1 Years 3 Months | Current |
| Chikkaveerappa Somasekhara | Director | 15 Jul 2024 | 2 Years 2 Months | Current |
| Vikram Dattatray Kakade | Director | 15 Jul 2024 | 2 Years 2 Months | Current |
Financials of Nirani Sugars Limited FY 2024 filings available
Nirani Sugars Limited reported revenue of ₹3,030.64 Cr (up 66% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nirani Sugars Limited
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 of Nirani Sugars Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹410.25 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.59 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 of Nirani Sugars Limited
| 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) | •••• | •••• | •••• | •••• |
| 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 FY 2021
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 Oct 2025 | Others | ₹50 Cr | Open |
| 23 Oct 2025 | Others | ₹10 Cr | Open |
| 17 Oct 2025 | Bank of India | ₹18 Cr | Open |
| 16 Oct 2025 | Bank of India | ₹67 Cr | Open |
| 01 Sep 2025 | Bank of India | ₹50 Cr | Open |
Total charge records: 81 View all charges
Employees and EPFO Compliance at Nirani Sugars Limited
Employment history and EPFO contributions of people linked to Nirani Sugars.
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 |
|---|---|---|---|
| 29AAOCM1786G1ZX | Karnataka | Active | 24 Nov 2021 |
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 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 reported revenue of ₹3,030.64 Cr for FY 2024 (up 66% YoY).
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
Nirani Sugars reported a net profit of ₹34.59 Cr (net margin 1.1%) and EBITDA of ₹410.25 Cr (EBITDA margin 13.5%) for FY 2024, as per its filed financial statements.
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 was incorporated on 30 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
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.