MSME (Udyam registered) Ministry of MSME
- Category
- Small (2020-21)
- Udyam number
- UDYAM-MH-01-0018905
Madhyam Agrivet Industries Limited - food and beverages in Shrirampur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹76.62 Cr
▼ 72% YoY
Net loss · FY 2023
₹1.25 Cr
Net margin -1.6%
EBITDA · FY 2023
-₹78.72 Lakh
EBITDA margin -1%
Authorised capital
₹103.25 Cr
Registered with MCA
Paid-up capital
₹95.09 Cr
Issued & subscribed
Open charges
₹1.6 Cr
Satisfied ₹1,939.35 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
8
Provident fund records
About Madhyam Agrivet Industries Limited
Data last updated:
Madhyam Agrivet Industries Limited is a public limited company based in Shrirampur, Maharashtra, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 25 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L01100PN1998PLC013068. Its GSTIN is 19AACCP8872E1Z2 (West Bengal). The company holds 10 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from NSE on 30 Apr 2021 · voluntary delisting and from BSE on 30 Apr 2021 · voluntary delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹103.25 Cr and a paid-up capital of ₹95.09 Cr. It was formerly known as Prabhat Dairy Limited and Prabhat Dairy Private Limited. It is led by directors including Vivek Sarangdhar Nirmal (Managing Director) and Sarangdhar Ramchandra Nirmal (Managing Director).
Its last annual general meeting (AGM) was held on 30 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Gat No. 122 At Ranjankhol Post Tilaknagar Taluka Rahata Ahmednagar – 413720., Shrirampur, Maharashtra, India – 413720.
As per the financials filed for FY 2023, the company reported a revenue of ₹76.62 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹1.25 Cr (net margin -1.6%) and EBITDA of -₹78.72 Lakh (EBITDA margin -1%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 45% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Prabhat Dairy and Prabhat. As per MCA filings, the company has open charges of ₹1.6 Cr and satisfied charges of ₹1,939.35 Cr on record. Court records list 331 cases involving the company, including 214 filed by the company and 117 filed against it; 26 cases are pending. The company has 21 deals on record (11 market trades, 5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹199.44 Cr; the latest was in January 2019. The company has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 147 overdue payments to 31 micro and small suppliers.
Madhyam Agrivet Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-01-0018905). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prabhat-india.in.
Company details
CIN L01100PN1998PLC013068
Registration Number 013068
Incorporation Date 25 November 1998
ROC Pune
Listing Status Listed - Delisted from NSE on 30 Apr 2021 · voluntary delisting; Delisted from BSE on 30 Apr 2021 · voluntary delisting
Company Status Active
Date of Last AGM 30 November 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-01-0018905
Name history
Madhyam Agrivet Industries has undergone 2 name changes throughout its history. The company was previously known as Prabhat Dairy Limited, and Prabhat Dairy Private Limited. The current legal name is Madhyam Agrivet Industries Limited.
| Company Name | Status |
|---|---|
| Madhyam Agrivet Industries Limited | Current |
| Prabhat Dairy Limited | Previous |
| Prabhat Dairy Private Limited | Previous |
CIN history
Madhyam Agrivet Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L01100PN1998PLC013068, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01100PN1998PLC013068 | Current |
| L15203PN1998PLC013068 | Previous |
| U15203PN1998PTC013068 | Previous |
| U15203PN1998PLC013068 | Previous |
Key People
Vivek Sarangdhar Nirmal Managing Director Sarangdhar Ramchandra Nirmal Managing Director Bhaskar Gaikwad Director Recognitions & Rankings of Madhyam Agrivet Industries
Contact details
Madhyam Agrivet Industries Limited's registered office is in Shrirampur, Maharashtra. Its website is prabhat-india.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No. 122 At Ranjankhol Post Tilaknagar Taluka Rahata Ahmednagar – 413720., Shrirampur, Maharashtra, India – 413720
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Madhyam Agrivet Industries Limited, buy the company report.
Comprehensive company report
Madhyam Agrivet Industries 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
Madhyam Agrivet Industries operates two associated brands: Prabhat Dairy and Prabhat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of dairy ingredients and consumer dairy products for retail and institutional clients | prabhatdairy.in | |
| Milk and dairy products along with animal nutrition services in India. | prabhat-india.in |
Business activity
The main business activity of Madhyam Agrivet Industries is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Madhyam Agrivet Industries Limited, buy the company report.
Financials of Madhyam Agrivet Industries Limited
FY 2023 filings availableMadhyam Agrivet Industries Limited reported revenue of ₹76.62 Cr (down 72% YoY) for FY 2023.
Revenue · FY 2023
₹76.62 Cr ▼ 72%
Net loss · FY 2023
₹1.25 Cr margin -1.6%
EBITDA · FY 2023
-₹78.72 Lakh margin -1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 72%
3 years · compounded
▼ 49%
5 years · compounded
▼ 45%
EBITDA CAGR growth
1 year
▲ 88%
3 years · compounded
▲ 79%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 45% over five years, including a 72% fall in the latest year. EBITDA rose 88% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | -₹78.72 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.25 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1% | ||||
| Net Profit Margin | -1.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Madhyam Agrivet Industries Limited, buy the company report.
Board of directors of Madhyam Agrivet Industries Limited
Madhyam Agrivet Industries has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Sarangdhar Nirmal | Managing Director | 01 May 2012 | 14 Years 5 Months | Current |
| Sarangdhar Ramchandra Nirmal | Managing Director | 25 Nov 1998 | 27 Years 11 Months | Current |
| Bhaskar Gaikwad | Director | 29 May 2019 | 7 Years 4 Months | Current |
| Vaibhav Sopan Parjane Also directs: Orel Businesses Private Limited | Director | 29 May 2019 | 7 Years 4 Months | Current |
| Richa Gunjan Ahuja | Director | 24 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Madhyam Agrivet Industries Limited is audited by KSS & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KSS & Company | FY 2022 | 126322W |
Shareholding
The shareholding of Madhyam Agrivet Industries Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhyam Agrivet Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹1.6 Cr
Satisfied charges
₹1,939.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2023 | 100715002 | Others | ₹1.6 Cr | Open | |
| 25 Mar 2021 | 100427933 | Others | ₹63 Cr | Satisfied | |
| 05 Oct 2020 | 100374376 | Others | ₹420 Cr | Satisfied | |
| 31 Jan 2019 | 100237928 | Others | ₹140 Cr | Satisfied | |
| 29 Dec 2018 | 100233689 | Axis Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of Madhyam Agrivet Industries Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Madhyam Agrivet Industries Limited has 21 deals on record (11 market trades, 5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹199.44 Cr; the latest was in January 2019.
Total deals
21
Market trades
11
Funding rounds
5
Secondary share transfers
4
IPO
1
Disclosed funding
₹199.44 Cr
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Market trade | ₹28.48 Cr | Buyer: N.K. Securities, Chandarana Intermediaries Brokers Private Limited Seller: Alquity Sicav - Alquity Indian Subcontinent Fund, N.K. Securities, Chandarana Intermediaries Brokers Private Limited |
| Feb 2017 | Market trade | ₹37.84 Cr | Buyer: Dsp Blackrock Mutual Fund- Dsp Blackrock Micro Cap Fund, Reliance Capital Ltd Seller: Reliance Capital Ltd |
| Dec 2015 | Market trade | ₹14.1 Cr | Buyer: Reliance Capital Ltd Seller: Reliance Value Services Private Limited |
| Dec 2015 | Market trade | ₹58.96 Cr | Buyer: Reliance Capital Ltd Seller: Reliance Value Services Private Limited |
| Sep 2015 | Market trade | ₹7.69 Cr | Buyer: Abhilasha Money Operations Private Limited Seller: Abhilasha Money Operations Private Limited |
To see the full deal history of Madhyam Agrivet Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madhyam Agrivet Industries Limited has 331 court cases on record: 214 filed by Madhyam Agrivet Industries, 117 filed against it. 26 cases are pending and 305 are disposed.
Total cases
331
Filed by the company
214
Filed against the company
117
Pending
26
Disposed
305
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 301 | 104 | 21 |
| High courts | 21 | 8 | 5 |
| Supreme Court | 6 | 4 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 331)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Sunfresh Agro Industries Private Limited and 1 other | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by Snup Fresh Milk and Dairy Products Pvt Ltd | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Milkanoagro India Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by M/S Snup Fresh Milk and Dairy Products Pvt. Ltd., Now Known As Milkano Agro India Pvt. Ltd. and 1 other | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Sunfresh Agro Industries Pvt. Ltd. and 6 others | Disposed |
To see the full case history of Madhyam Agrivet Industries 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.
Credit ratings & regulatory alerts
Madhyam Agrivet Industries Limited was last rated by Icra on 10 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Jun 2019 |
To see the full credit ratings and regulatory alerts of Madhyam Agrivet Industries Limited, buy the company report.
MSME payment delays
Madhyam Agrivet Industries Limited has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 147 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Bharat Tin Works | |||
| an individual supplier |
To see the full MSME payment records of Madhyam Agrivet Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Madhyam Agrivet Industries Limited has a workforce of 8 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
Employee count
8
Active EPFO establishments
2
Employee growth
-20%
GST
Madhyam Agrivet Industries has 10 GST registrations: 2 active and 8 cancelled or inactive.
Total GSTINs
10
Active
2
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCP8872E1Z2 | West Bengal | Active | 01 Jul 2017 |
| 27AACCP8872E1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhyam Agrivet Industries Limited, buy the company report.
Recent activity
Madhyam Agrivet Industries Limited has 48 board changes on record since 1998: 27 appointments and 21 cessations. The latest: Tasneem Husseini Bhanpurawala ceased to be Company Secretary on 25 Dec 2023.
Ceased
Tasneem Husseini Bhanpurawala ceased to be Company Secretary.
AGM
Madhyam Agrivet Industries Limited last Annual general meeting of members was held on 30 Nov 2023 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.60 Cr with Charge ID 100715002 was registered on 27 Apr 2023.
Filing
Madhyam Agrivet Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.
Ceased
Abdul Samad ceased to be Director.
Charges
A charge registered on 25 Mar 2021 via Charge ID 100427933 with Others was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 05 Oct 2020 via Charge ID 100374376 with Others was fully satisfied on 17 Mar 2022.
Ceased
Dipti Varun Todkar ceased to be Company Secretary.
Appointed
Tasneem Husseini Bhanpurawala was appointed as Company Secretary.
Charges
A charge with Others of Rs. 63.00 Cr registered on 25 Mar 2021 with Charge ID 100427933 was modified on 05 Apr 2021.
Charges
A charge with Others of Rs. 420.00 Cr registered on 05 Oct 2020 with Charge ID 100374376 was modified on 05 Apr 2021.
Charges
A charge with Others amounted to Rs. 63.00 Cr with Charge ID 100427933 was registered on 25 Mar 2021.
118 earlier events are in the company report.
Frequently asked questions
Madhyam Agrivet Industries is an active public limited company based in Shrirampur, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 25 November 1998 (28+ years old) and is registered under CIN L01100PN1998PLC013068.
Madhyam Agrivet Industries has 5 current directors:
- Vivek Sarangdhar Nirmal - Managing Director
- Sarangdhar Ramchandra Nirmal - Managing Director
- Bhaskar Gaikwad - Director
- Vaibhav Sopan Parjane - Director
- Richa Gunjan Ahuja - Director
The latest financial statements of Madhyam Agrivet Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 November 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhyam Agrivet Industries is 19AACCP8872E1Z2, registered in West Bengal. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 27AACCP8872E1Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Madhyam Agrivet Industries is L01100PN1998PLC013068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhyam Agrivet Industries is recorded as a listed company by MCA, but its shares were delisted from NSE on 30 Apr 2021 · voluntary delisting and from BSE on 30 Apr 2021 · voluntary delisting, and no longer trade on a stock exchange.
Madhyam Agrivet Industries has 331 court cases on record: 214 filed by the company and 117 filed against it. 26 are pending. Most are in the district courts.
Madhyam Agrivet Industries was incorporated on 25 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Pune.
Madhyam Agrivet Industries has 21 deals on record (11 market trades, 5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹199.44 Cr; the latest was in January 2019.
Tasneem Husseini Bhanpurawala ceased to be Company Secretary on 25 Dec 2023. Abdul Samad ceased to be Director on 19 Sep 2022. Dipti Varun Todkar ceased to be Company Secretary on 06 Jun 2021. Madhyam Agrivet Industries has 48 board changes on record in total.
Yes, Madhyam Agrivet Industries is registered as a small enterprise under Udyam registration (number: UDYAM-MH-01-0018905).