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 10 peer companies in the Machinery and Equipment industry (Farm Equipment, Tools and Components) are compared by revenue, 5 larger and 5 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 of Panesar Agriculture Works Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressJanta Nagar Jaimal Road, Ludhiana, Punjab, India – 141003
- IndustryAgriculture, Agri Machinery & Equipment
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Business Activity of Panesar Agriculture Works Private Limited
The main business activity of Panesar Agriculture Works is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Panesar Agriculture Works Private Limited FY 2025 filings available
Panesar 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) of Panesar Agriculture Works Private Limited
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 of Panesar Agriculture Works Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.84 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 Panesar Agriculture Works Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Panesar Agriculture Works are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
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 of Panesar Agriculture Works Private Limited
Panesar Agriculture Works Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Farm Equipment, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| 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 |
| Masand Sprayers Private Limited | ₹84.27 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | Indore, Madhya Pradesh, India |
| Panesar Agriculture Works Private Limited this company | ₹83.26 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Ludhiana, Punjab, India |
| Mka Engineers and Exporters Private Limited | ₹83.25 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Thane, Maharashtra, India |
| Nasik Metaldust Pvt Ltd | ₹83.01 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Nashik, Maharashtra, India |
| Odisha Pisciculture Development Corporation Limited | ₹82.97 Cr (FY 2018) | •••• | •••• | 9.0% | •••• | Bhubaneswar, Odisha, India |
| Silver Muller Rubber Limited | ₹82.5 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Shri Balaji Valve Components Limited | ₹82.36 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Panesar Agriculture Works by revenue in the Machinery and Equipment industry (Farm Equipment, Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Panesar Agriculture Works Private Limited
Panesar Agriculture Works Private Limited is audited by RAJ KUMAR JINDAL & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJ KUMAR JINDAL & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Panesar Agriculture Works Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Panesar Agriculture Works Private Limited
Open charges
₹56.08 Cr
Satisfied charges
₹39.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Dec 2025 | Hdfc Bank Limited | ₹6.01 Lakh | Open |
| 02 Dec 2025 | Hdfc Bank Limited | ₹4.48 Lakh | Open |
| 04 Aug 2025 | Hdfc Bank Limited | ₹9 Lakh | Open |
| 11 Oct 2024 | Hdfc Bank Limited | ₹43.92 Cr | Open |
| 28 Feb 2024 | Sidbi | ₹3 Cr | Open |
Total charge records: 36 View all charges
Deals & Funding of Panesar Agriculture Works Private Limited
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 |
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Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Panesar Agriculture Works Private Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Panesar Agriculture Works Private Limited
Panesar Agriculture Works Private Limited has a workforce of 112 employees as of Mar 28, 2024.
Employee count
112
Active EPFO establishments
1
Employee growth
8.74%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Panesar Agriculture Works Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Panesar Agriculture Works Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Panesar Agriculture Works Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Panesar Agriculture Works Private Limited
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 |
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MCA Filings & Documents of Panesar Agriculture Works Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Panesar Agriculture Works Private Limited
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 reported revenue of ₹83.26 Cr for FY 2024 (up 4% YoY).
Panesar Agriculture Works has 2 current directors:
- Malkeet Singh - Director
- Satbir Kaur - Director
Panesar Agriculture Works reported a net profit of ₹1.84 Cr (net margin 2.2%) and EBITDA of ₹4.97 Cr (EBITDA margin 6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Panesar Agriculture Works is 13% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
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, Masand Sprayers Private Limited and 5 more, all in the Machinery and Equipment industry (Farm Equipment, Tools and Components).
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).