MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-23-0010664
Market Cap
₹20.02 Cr
NIRMAN-SM · NSE
Share Price
₹22.85
-8.60% today
Revenue
₹197 Cr
FY 2025-26 · -16.9% YoY
EBITDA
₹18.83 Cr
Margin 9.6%
Net Profit
₹17.60 Cr
FY 2025-26 · -30.4% YoY
P/E (TTM)
1.2x
P/B 0.2x
ROE
14.8%
ROCE 15.2%
Authorised capital
₹15 Cr
Registered with MCA
About Nirman Agri Genetics Limited
Data last updated:
Nirman Agri Genetics Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 19 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L01110MH2020PLC344089. Its GSTIN is 27AAHCN1021C1Z3 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on NSE: NIRMAN.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.01 Cr. It was formerly known as Nirman Agri Genetics Private Limited. It is led by directors including Pranav Kailas Bagal (Managing Director) and Abhishek Shivnarayan Gupta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Nashik, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹196.57 Cr, a decline of 16.9% compared to the previous year. For the same year it recorded a net profit of ₹17.6 Cr (net margin 9%) and EBITDA of ₹18.83 Cr (EBITDA margin 9.6%). The net worth stands at ₹127.55 Cr (up 16% YoY). Total assets are valued at ₹127.77 Cr (up 15.7% YoY).
The company is associated with 1 brand: Nirman Agri Genetics. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 2 deals on record (1 ipo, 1 rights issue); the latest was in March 2023. Its 6 peer companies in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 4 smaller; the largest is Sunny Trexim Private Limited with revenue of ₹240.63 Cr.
Nirman Agri Genetics Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-23-0010664). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nirmanagrigen.com.
Company details
CIN L01110MH2020PLC344089
Registration Number 344089
Incorporation Date 19 August 2020
ROC Mumbai
Listing Status Listed (NSE: NIRMAN)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-23-0010664
CIN history
Nirman Agri Genetics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L01110MH2020PLC344089, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01110MH2020PLC344089 | Current |
| U01110MH2020PTC344089 | Previous |
| U01110MH2020PLC344089 | Previous |
Key People
Pranav Kailas Bagal Managing Director Abhishek Shivnarayan Gupta Director Sagar Nandaram Chavan Director Recognitions & Rankings of Nirman Agri Genetics
Contact details
Nirman Agri Genetics Limited's registered office is in Nashik, Maharashtra.
- Social Media
- Registered Address3rd Floor, Samarth House, Nashik, Maharashtra, India – 422005
- IndustryAgriculture, Agro Retail & Distribution
Comprehensive company report
Nirman Agri Genetics Limited - one report that includes everything
- 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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Brands
Nirman Agri Genetics operates one associated brand: Nirman Agri Genetics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Genetic vegetable seeds are supplied to farmers for subtropical crops. | nirmanagrigen.com |
Business activity
The main business activity of Nirman Agri Genetics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nirman Agri Genetics Limited, buy the company report.
Financials of Nirman Agri Genetics Limited
FY 2025-26 filings availableNirman Agri Genetics Limited reported revenue of ₹196.57 Cr (down 16.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹197 Cr
-16.9% YoY
EBITDA
₹18.83 Cr
-29.1% YoY
Profit After Tax
₹17.60 Cr
-30.4% YoY
Net Worth
₹128 Cr
+16.0% YoY
Total Assets
₹128 Cr
+15.7% YoY
Total Debt
₹0.22 Cr
-50.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 197 | 237 | 63.34 | 28.61 | 13.49 | 3.82 |
| Revenue growth | -16.9% | +273.4% | +121.4% | +112.1% | +253.1% | - |
| EBITDA | 18.83 | 26.54 | 11.47 | 4.36 | 3.43 | 0.08 |
| EBITDA margin | +9.6% | +11.2% | +18.1% | +15.2% | +25.4% | +2.1% |
| Profit before tax | 18.15 | 26.06 | 10.92 | 4.26 | 3.43 | 0.08 |
| Net profit | 17.60 | 25.27 | 10.39 | 4.00 | 2.57 | 0.06 |
| Net profit margin | +9.0% | +10.7% | +16.4% | +14.0% | +19.1% | +1.6% |
| EPS (₹) | 21.98 | 31.57 | 17.46 | 6.72 | 2,560.20 | 82.05 |
| Balance sheet | ||||||
| Total assets | 128 | 110 | 37.96 | 28.05 | 4.08 | 1.06 |
| Net worth | 128 | 110 | 37.34 | 26.95 | 2.64 | 0.06 |
| Total debt | 0.22 | 0.44 | 0.63 | 1.09 | 1.44 | 0.99 |
| Cash & bank | 0.95 | 25.87 | 1.56 | 0.11 | 0.93 | 0.73 |
| Net working capital | 116 | 97.81 | 15.35 | 7.28 | 3.94 | 1.05 |
| Cash flow | ||||||
| Cash from operations | (24.50) | (31.61) | 4.19 | 0.10 | 0.01 | (0.27) |
| Cash from investing | 0.12 | 10.00 | (1.86) | (20.72) | (0.07) | 0.00 |
| Cash from financing | (0.55) | 45.92 | (0.89) | 19.79 | 0.25 | 1.00 |
| Particulars | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 63.00 | 61.07 | 62.09 | 50.35 | 20.46 | 18.89 | 12.95 | 11.04 |
| Revenue growth (YoY) | +207.9% | +223.3% | +379.5% | +356.1% | - | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 55.69 | 53.86 | 55.35 | 45.08 | 16.84 | 15.68 | 10.57 | 8.98 |
| EBITDA | 7.31 | 7.21 | 6.74 | 5.27 | 3.62 | 3.21 | 2.38 | 2.06 |
| EBITDA margin | +11.6% | +11.8% | +10.9% | +10.5% | +17.7% | +17.0% | +18.4% | +18.7% |
| Depreciation | 0.15 | 0.36 | 0.09 | 0.04 | 0.18 | 0.05 | 0.05 | 0.04 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 7.15 | 6.84 | 6.64 | 5.22 | 3.43 | 3.15 | 2.33 | 2.02 |
| Tax | 0.24 | 0.12 | 0.24 | 0.20 | 0.10 | 0.01 | 0.23 | 0.20 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 63.00 | 61.07 | 62.09 | 50.35 | 20.46 | 18.89 | 12.95 | 11.04 |
| Revenue growth (YoY) | +207.9% | +223.3% | +379.5% | +356.1% | - | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 55.69 | 53.86 | 55.35 | 45.08 | 16.84 | 15.68 | 10.57 | 8.98 |
| EBITDA | 7.31 | 7.21 | 6.74 | 5.27 | 3.62 | 3.21 | 2.38 | 2.06 |
| EBITDA margin | +11.6% | +11.8% | +10.9% | +10.5% | +17.7% | +17.0% | +18.4% | +18.7% |
| Depreciation | 0.15 | 0.36 | 0.09 | 0.04 | 0.18 | 0.05 | 0.05 | 0.04 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 7.15 | 6.84 | 6.64 | 5.22 | 3.43 | 3.15 | 2.33 | 2.02 |
| Tax | 0.24 | 0.12 | 0.24 | 0.20 | 0.10 | 0.01 | 0.23 | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 197 | 237 | 63.34 | 28.61 | 13.49 | 3.82 |
| Revenue growth | -16.9% | +273.4% | +121.4% | +112.1% | +253.1% | - |
| Other income | 0.00 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 178 | 210 | 51.87 | 24.25 | 10.06 | 3.74 |
| Employee cost | 0.87 | 1.66 | 1.36 | 0.81 | 0.49 | 0.16 |
| EBITDA | 18.83 | 26.54 | 11.47 | 4.36 | 3.43 | 0.08 |
| EBITDA margin | +9.6% | +11.2% | +18.1% | +15.2% | +25.4% | +2.1% |
| Depreciation | 0.68 | 0.64 | 0.32 | 0.09 | 0.00 | 0.00 |
| Interest | 0.00 | 0.02 | 0.23 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 18.15 | 26.06 | 10.92 | 4.26 | 3.43 | 0.08 |
| Tax | 0.55 | 0.79 | 0.53 | 0.26 | 0.86 | 0.02 |
| Net profit | 17.60 | 25.27 | 10.39 | 4.00 | 2.57 | 0.06 |
| Net profit margin | +9.0% | +10.7% | +16.4% | +14.0% | +19.1% | +1.6% |
| EPS (₹) | 21.98 | 31.57 | 17.46 | 6.72 | 2,560.20 | 82.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 8.01 | 8.01 | 5.96 | 5.96 | 0.01 | 0.01 |
| Reserves & surplus | 120 | 102 | 31.38 | 20.99 | 2.63 | 0.05 |
| Shareholders' funds (net worth) | 128 | 110 | 37.34 | 26.95 | 2.64 | 0.06 |
| Secured loans | 0.09 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.13 | 0.34 | 0.63 | 1.09 | 1.44 | 0.99 |
| Total debt | 0.22 | 0.44 | 0.63 | 1.09 | 1.44 | 0.99 |
| Total liabilities | 128 | 110 | 37.96 | 28.05 | 4.08 | 1.06 |
| Assets | ||||||
| Gross block | 2.17 | 2.17 | 0.39 | 0.75 | 0.01 | 0.00 |
| Net block | 1.72 | 2.17 | 0.39 | 0.66 | 0.01 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 |
| Inventories | 46.96 | 37.05 | 8.28 | 4.69 | 0.64 | 0.20 |
| Sundry debtors | 69.54 | 37.50 | 11.59 | 4.06 | 4.23 | 0.61 |
| Cash & bank balances | 0.95 | 25.87 | 1.56 | 0.11 | 0.93 | 0.73 |
| Loans & advances | 0.08 | 0.08 | 0.18 | 0.22 | 0.02 | 0.09 |
| Total current assets | 118 | 100 | 21.61 | 9.08 | 5.82 | 1.63 |
| Total current liabilities | 1.57 | 2.69 | 6.26 | 1.80 | 1.88 | 0.58 |
| Net working capital | 116 | 97.81 | 15.35 | 7.28 | 3.94 | 1.05 |
| Total assets | 128 | 110 | 37.96 | 28.05 | 4.08 | 1.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 25.87 | 1.56 | 0.11 | 0.93 | 0.73 | 0.00 |
| Net cash from operating activities | (24.50) | (31.61) | 4.19 | 0.10 | 0.01 | (0.27) |
| Net cash from investing activities | 0.12 | 10.00 | (1.86) | (20.72) | (0.07) | 0.00 |
| Net cash from financing activities | (0.55) | 45.92 | (0.89) | 19.79 | 0.25 | 1.00 |
| Net change in cash | (24.93) | 24.32 | 1.44 | (0.82) | 0.20 | 0.73 |
| Closing cash | 0.95 | 25.87 | 1.56 | 0.11 | 0.93 | 0.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -16.9% | +273.4% | +121.4% | +112.1% | +253.1% | - |
| EBITDA growth | -29.1% | +131.4% | +163.1% | +27.1% | +4187.5% | - |
| PBT growth | -30.4% | +138.6% | +156.3% | +24.2% | +2758.3% | +9997.0% |
| Net income growth | -30.4% | +143.2% | +159.8% | +55.6% | +4183.3% | - |
| Revenue CAGR (3Y) | +90.1% | +159.8% | +155.0% | - | - | - |
| EBITDA CAGR (3Y) | +62.9% | +97.8% | +423.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +9.0% | +10.7% | +16.4% | +14.0% | +19.1% | +1.6% |
| Return on capital employed | +15.3% | +35.2% | +33.8% | +26.6% | +133.3% | +10.0% |
| Return on net worth | +14.8% | +34.3% | +32.4% | +27.1% | +189.6% | +125.0% |
| Debt / equity | 0.00 | 0.01 | 0.03 | 0.09 | 0.90 | 16.50 |
| Long-term debt / equity | 0.00 | 0.00 | 0.01 | 0.07 | 0.83 | 16.50 |
| Interest cover | 0.00 | 0.08 | 2.06 | 0.23 | 0.00 | 0.00 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 90.59 | 184.78 | 111.12 | 75.29 | 2,698.00 | 0.00 |
| Inventory turnover | 4.68 | 10.44 | 9.77 | 10.74 | 32.12 | 28.65 |
| Debtors turnover | 3.67 | 9.64 | 8.09 | 6.90 | 5.57 | 9.39 |
| EPS (₹) | 21.98 | 31.57 | 17.46 | 6.72 | 2,560.20 | 82.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 159.24 | 137.32 | 62.64 | 45.22 | 2,644.11 | 64.70 |
To see the full year-wise statements and ratios of Nirman Agri Genetics Limited, buy the company report.
Board of directors of Nirman Agri Genetics Limited
Nirman Agri Genetics has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranav Kailas Bagal | Managing Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Abhishek Shivnarayan Gupta | Director | 06 Jan 2023 | 3 Years 9 Months | Current |
| Sagar Nandaram Chavan | Director | 09 Sep 2025 | 1 Years 1 Months | Current |
| Kailas Pandharinath Pagare | Director | 30 May 2025 | 1 Years 4 Months | Current |
Peer comparison
Nirman Agri Genetics Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunny Trexim Private Limited | ₹240.63 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Aman Tea Distributors Private Limited | ₹237.41 Cr (FY 2025) | 82.0% | Siliguri, West Bengal, India | |||
| Shree Satguru Agro and Oil Products Private Limited | ₹235.47 Cr (FY 2025) | 33.0% | Pune, Maharashtra, India | |||
| Arun Kiran Overseas Private Limited | ₹233.78 Cr (FY 2025) | 5.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| K.K. Agro Trade Ventures Private Limited | ₹233.61 Cr (FY 2025) | 90.0% | Raipur, Chhattisgarh, India | |||
| Crown Global Trading Private Limited | ₹232.85 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Nirman Agri Genetics Limitedthis company | ₹196.57 Cr (FY 2026) | ₹17.6 Cr | 9% | -16.9% | Nashik, Maharashtra, India |
To see the full peer comparison of Nirman Agri Genetics Limited, buy the company report.
Deals & funding
Nirman Agri Genetics Limited has 2 deals on record (1 ipo, 1 rights issue); the latest was in March 2023.
Total deals
2
IPO
1
Rights issue
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | IPO | ₹20.3 Cr | Investors: Public Market Investors |
| Dec 2022 | Rights issue | ₹1.35 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nirman Agri Genetics Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by The State Govt. of Maharashtra Through Shri M.D. Narayankar | Pending |
To see the full case history of Nirman Agri Genetics 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nirman Agri Genetics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirman Agri Genetics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCN1021C1Z3 | Maharashtra | Active | 31 Aug 2020 |
To see the full GST registrations and return filing status of Nirman Agri Genetics Limited, buy the company report.
Recent activity
Nirman Agri Genetics Limited has 9 board changes on record since 2022: 4 appointments and 5 cessations. The latest: Avinash Bhimrao Bagal ceased to be Director on 14 Nov 2025.
Filing
Nirman Agri Genetics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Ceased
Avinash Bhimrao Bagal ceased to be Director.
AGM
Nirman Agri Genetics Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Prakash Narayandas Sawana ceased to be Director.
Appointed
Sagar Nandaram Chavan was appointed as Director.
Appointed
Kailas Pandharinath Pagare was appointed as Director.
Ceased
Riddhi Nitin Aher ceased to be Director.
Ceased
Sandipan Baburao Bhawar ceased to be CFO.
Ceased
Sumitkumar Hareshbhai Patel ceased to be Company Secretary.
Appointed
Abhishek Shivnarayan Gupta was appointed as Director.
Appointed
Pranav Kailas Bagal was appointed as Managing Director.
Incorporation
19 Aug 2020
Nirman Agri Genetics Limited was registered on 19 Aug 2020 with Roc Mumbai Ii & aged 6 years 2 months as per MCA records.
News
Frequently asked questions
Nirman Agri Genetics is an active public limited company based in Nashik, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 19 August 2020 (6+ years old) and is registered under CIN L01110MH2020PLC344089. Listed on NSE: NIRMAN.
Nirman Agri Genetics reported revenue of ₹196.57 Cr for FY 2025-26 (down 16.9% YoY) based on standalone financials.
Nirman Agri Genetics has 4 current directors:
- Pranav Kailas Bagal - Managing Director
- Abhishek Shivnarayan Gupta - Director
- Sagar Nandaram Chavan - Director
- Kailas Pandharinath Pagare - Director
The latest financial statements of Nirman Agri Genetics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Nirman Agri Genetics is 27AAHCN1021C1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nirman Agri Genetics is L01110MH2020PLC344089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nirman Agri Genetics is a listed company as per MCA records. Its shares are listed on NSE (symbol: NIRMAN).
Nirman Agri Genetics has 1 court case on record: 1 filed against it. 1 is pending.
Nirman Agri Genetics was incorporated on 19 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Nirman Agri Genetics has 2 deals on record (1 ipo, 1 rights issue); the latest was in March 2023.
The peers of Nirman Agri Genetics by revenue are Sunny Trexim Private Limited, Aman Tea Distributors Private Limited, Shree Satguru Agro and Oil Products Private Limited, Arun Kiran Overseas Private Limited, K.K. Agro Trade Ventures Private Limited and 1 more, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).