MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-12-0019898
Panesar Agriculture Works Private Limited - agriculture in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹83.26 Cr
▲ 4% YoY
Net profit · FY 2024
₹1.84 Cr
Net margin 2.2%
EBITDA · FY 2024
₹4.97 Cr
EBITDA margin 6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.26 Cr
Issued & subscribed
Open charges
₹56.08 Cr
Satisfied ₹39.25 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
112
Provident fund records
About Panesar Agriculture Works Private Limited
Data last updated:
Panesar Agriculture Works Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 16 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29219PB2011PTC035075. Its GSTIN is 03AAGCP0957J1ZE (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.26 Cr. It is led by directors Malkeet Singh and Satbir Kaur.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Janta Nagar Jaimal Road, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹83.26 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 2.2%) and EBITDA of ₹4.97 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹56.08 Cr and satisfied charges of ₹39.25 Cr on record. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹2.16 Cr; the latest was in March 2016. Its 5 peer companies in the Machinery and Equipment industry (Farm Equipment, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 1 smaller; the largest is S.K.H. Automotive Private Limited with revenue of ₹84.9 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 21 overdue payments to 14 micro and small suppliers.
Panesar Agriculture Works Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0019898). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website landforce.in.
Company details
CIN U29219PB2011PTC035075
Registration Number 035075
Incorporation Date 16 May 2011
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0019898
Key People
Malkeet Singh Director Satbir Kaur Director Recognitions & Rankings of Panesar Agriculture Works
Contact details
Panesar Agriculture Works Private Limited's registered office is in Ludhiana, Punjab. Its website is landforce.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJanta Nagar Jaimal Road, Ludhiana, Punjab, India – 141003
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Panesar Agriculture Works Private Limited, buy the company report.
Comprehensive company report
Panesar Agriculture Works Private 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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Business activity
The main business activity of Panesar Agriculture Works is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Panesar Agriculture Works Private Limited, buy the company report.
Financials of Panesar Agriculture Works Private Limited
FY 2025 filings availablePanesar Agriculture Works Private Limited reported revenue of ₹83.26 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹83.26 Cr ▲ 4%
Net profit · FY 2024
₹1.84 Cr margin 2.2%
EBITDA · FY 2024
₹4.97 Cr margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 13%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 14%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 4% growth in the latest year. EBITDA rose 8% 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 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 6% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Panesar Agriculture Works Private Limited, buy the company report.
Board of directors of Panesar Agriculture Works Private Limited
Panesar Agriculture Works has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malkeet Singh | Director | 16 May 2011 | 15 Years 5 Months | Current |
| Satbir Kaur | Director | 01 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Panesar Agriculture Works Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Farm Equipment, Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S.K.H. Automotive Private Limited | ₹84.9 Cr (FY 2024) | 17.0% | Faridabad, Haryana, India | |||
| Marvelous Engineers Private Limited | ₹84.67 Cr (FY 2025) | -5.0% | Kolhapur, Maharashtra, India | |||
| Varsha Forgings Private Limited | ₹84.37 Cr (FY 2025) | -29.0% | Pune, Maharashtra, India | |||
| Vishnu Forge Industries Limited | ₹84.36 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Panesar Agriculture Works Private Limitedthis company | ₹83.26 Cr (FY 2024) | ₹1.84 Cr | 2.2% | 4.0% | 112 | Ludhiana, Punjab, India |
| Mka Engineers and Exporters Private Limited | ₹83.25 Cr (FY 2025) | 42.0% | Thane, Maharashtra, India |
To see the full peer comparison of Panesar Agriculture Works Private Limited, buy the company report.
Auditor
Panesar Agriculture Works Private Limited is audited by RAJ KUMAR JINDAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJ KUMAR JINDAL & CO | FY 2023 | 009596N |
Shareholding
The shareholding of Panesar Agriculture Works Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panesar Agriculture Works Private Limited, buy the company report.
Charges & borrowings
Open charges
₹56.08 Cr
Satisfied charges
₹39.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2025 | 101194869 | Hdfc Bank Limited | ₹6.01 Lakh | Open | |
| 02 Dec 2025 | 101194858 | Hdfc Bank Limited | ₹4.48 Lakh | Open | |
| 04 Aug 2025 | 101135883 | Hdfc Bank Limited | ₹9 Lakh | Open | |
| 11 Oct 2024 | 100994191 | Hdfc Bank Limited | ₹43.92 Cr | Open | |
| 28 Feb 2024 | 100874641 | Sidbi | ₹3 Cr | Open |
To see the full charge records of Panesar Agriculture Works Private Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Panesar Agriculture Works Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹2.16 Cr; the latest was in March 2016.
Total deals
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹2.16 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹1.12 Cr | Investors: an individual |
| Mar 2015 | Rights issue | ₹1.33 Cr | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹1.04 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Panesar Agriculture Works Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Panesar Agriculture Works Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 21 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Happy Forgings Limited | |||
| an individual supplier | |||
| Navdip Forge Private Limited | |||
| CNC India Robotics and Industrial Automations Private Limited |
To see the full MSME payment records of Panesar Agriculture Works Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Panesar Agriculture Works Private Limited has a workforce of 112 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
112
Active EPFO establishments
1
Employee growth
8.74%
GST
Panesar Agriculture Works has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCP0957J1ZE | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panesar Agriculture Works Private Limited, buy the company report.
Recent activity
Panesar Agriculture Works Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Satbir Kaur was appointed as Director on 01 Nov 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 101194869 was registered on 02 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.04 Cr with Charge ID 101194858 was registered on 02 Dec 2025.
Charges
A charge registered on 08 Oct 2020 via Charge ID 100374933 with Sidbi was fully satisfied on 02 Dec 2025.
AGM
Panesar Agriculture Works Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101135883 was registered on 04 Aug 2025.
Filing
Panesar Agriculture Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 43.92 Cr registered on 11 Oct 2024 with Charge ID 100994191 was modified on 26 Mar 2025.
Charges
A charge registered on 08 Jun 2022 via Charge ID 100580745 with Others was fully satisfied on 02 Dec 2024.
Charges
A charge registered on 08 Jun 2022 via Charge ID 100580746 with Others was fully satisfied on 02 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 43.92 Cr with Charge ID 100994191 was registered on 11 Oct 2024.
Charges
A charge with Sidbi amounted to Rs. 3.00 Cr with Charge ID 100874641 was registered on 28 Feb 2024.
Charges
A charge with Sidbi amounted to Rs. 0.66 Cr with Charge ID 100862500 was registered on 30 Jan 2024.
55 earlier events are in the company report.
Frequently asked questions
Panesar Agriculture Works is an active private limited company based in Ludhiana, Punjab, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 16 May 2011 (15+ years old) and is registered under CIN U29219PB2011PTC035075.
Panesar Agriculture Works has 2 current directors:
- Malkeet Singh - Director
- Satbir Kaur - Director
The latest financial statements of Panesar Agriculture Works on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panesar Agriculture Works is 03AAGCP0957J1ZE, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Panesar Agriculture Works is U29219PB2011PTC035075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panesar Agriculture Works was incorporated on 16 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chandigarh.
Panesar Agriculture Works has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹2.16 Cr; the latest was in March 2016.
The peers of Panesar Agriculture Works by revenue are S.K.H. Automotive Private Limited, Marvelous Engineers Private Limited, Varsha Forgings Private Limited, Vishnu Forge Industries Limited, Mka Engineers and Exporters Private Limited, all in the Machinery and Equipment industry (Farm Equipment, Tools and Components), with the same principal business activity (metal and metal products).
Satbir Kaur was appointed as Director on 01 Nov 2017. Swarnjit Panesar Singh ceased to be Director on 01 Nov 2017. Malkeet Singh was appointed as Director on 16 May 2011. Panesar Agriculture Works has 4 board changes on record in total.
Yes, Panesar Agriculture Works is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0019898).
Panesar Agriculture Works has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 21 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 May 2019.
Panesar Agriculture Works can be reached through the website landforce.in. Its registered office is in Ludhiana, Punjab, India.