Sethi Agritech Private Limited
About Sethi Agritech Private Limited
Data last updated:
Sethi Agritech Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 17 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U01112MP2009PTC022392. Its GSTIN is 23AANCS4494A1ZD (Madhya Pradesh).
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹58.29 Lakh. It is led by directors including Kamlesh Kumar Sethi and Rashita Kasliwal.
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 19 Nemi Nagar Extension R.T.O. Road, Indore, Madhya Pradesh, India – 452009.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.49 Cr, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹16.57 Lakh (net margin -1.2%) and EBITDA of ₹1.07 Cr (EBITDA margin 8%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹18.53 Cr and satisfied charges of ₹12.5 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address19 Nemi Nagar Extension R.T.O. Road, Indore, Madhya Pradesh, India – 452009
- IndustryAgriculture, Seed Production & Distribution
- 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
Business Activity of Sethi Agritech Private Limited
The main business activity of Sethi Agritech is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting | 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.
Financials of Sethi Agritech Private Limited FY 2024 filings available
Sethi Agritech Private Limited reported revenue of ₹13.49 Cr (down 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sethi Agritech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 79% fall in the latest year. EBITDA rose 114% 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 Sethi Agritech 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 | ₹1.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.57 Lakh | •••• | •••• | •••• | •••• |
| 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 Sethi Agritech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.2% | •••• | •••• | •••• | •••• |
| 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 Sethi Agritech are in the company report.
Financial statements from 2015
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.
Peer Comparison of Sethi Agritech Private Limited
Sethi Agritech Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Agritech, Seeds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lucky Seeds Private Limited | ₹13.58 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Bagh, Hyderabad - 500 029, Telangana, India |
| JSV Aadi Seeds Private Limited | ₹13.56 Cr (FY 2022) | •••• | •••• | 22.0% | •••• | Medchal, Telangana, India |
| Ramo Agritech (India) Pvt. Ltd. | ₹13.56 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Indore, Madhya Pradesh, India |
| Univeg Seed Technologies Private Limited | ₹13.53 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Hyderabad, Telangana, India |
| Sudarshan Seeds Pvt Ltd | ₹13.51 Cr (FY 2022) | •••• | •••• | -26.0% | •••• | Kolkata, West Bengal, India |
| Sethi Agritech Private Limited this company | ₹13.49 Cr (FY 2024) | •••• | •••• | -79.0% | •••• | Indore, Madhya Pradesh, India |
| Hymark Agritech Private Limited | ₹13.44 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Fruitbee Agritech Private Limited | ₹13.43 Cr (FY 2025) | •••• | •••• | 112.0% | •••• | Srinagar, Jammu and Kashmir, India |
| Siam Best Seeds India Private Limited | ₹13.41 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | New Delhi, Delhi, India |
| Precision Agritech Private Limited | ₹13.36 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Ayyan Agrigenetics Private Limited | ₹13.28 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Sethi Agritech by revenue in the Agriculture industry (Agritech, Seeds), 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 Sethi Agritech Private Limited
Sethi Agritech Private Limited is audited by Manish Kadwane & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manish Kadwane & Co | 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 Sethi Agritech Private Limited
Sethi Agritech has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Kumar Sethi | Director | 02 Jul 2012 | 14 Years 3 Months | Current |
| Rashita Kasliwal Also directs: Speedgro Agro Overseas LLP | Director | 18 Sep 2021 | 5 Years 0 Months | Current |
| Vijay Miglani Also directs: Drache Holding India Private Limited | Director | 24 May 2024 | 2 Years 4 Months | Current |
| Asha Sethi | Director | 17 Sep 2009 | 17 Years 0 Months | Current |
Ownership and Shareholding of Sethi Agritech Private 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 Sethi Agritech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2023 | Others | ₹5 Lakh | Open |
| 08 Aug 2017 | Others | ₹13.7 Lakh | Open |
| 27 Feb 2017 | Others | ₹18.34 Cr | Open |
| 15 Mar 2022 | Others | ₹6 Cr | Satisfied |
| 30 Jun 2017 | Others | ₹1.5 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Sethi Agritech Private Limited
Sethi Agritech Private Limited has 5 court cases on record: 2 filed by Sethi Agritech, 2 filed against it, 1 where it is another party. 1 case is pending and 4 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Falca E-Solutions Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Falca E-Solutions Private Limited | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MACC) | Company is another party | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against Ravindra Industries | Disposed |
| Supreme Court | Special leave petition | Filed by the company against individuals | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Sethi Agritech Private Limited
Sethi Agritech Private Limited has 4 MSME Form 1 returns on record between 2021 and 2022, listing 14 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Namo Polypack Haidarpur, Khandwa | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Sethi Agritech Private Limited
Employment history and EPFO contributions of people linked to Sethi Agritech.
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.
Recent Activity on Sethi Agritech Private Limited
Sethi Agritech Private Limited has 8 board changes on record since 2009: 4 appointments and 4 cessations. The latest: Vijay Miglani was appointed as Director on 24 May 2024.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sethi Agritech Private 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.
Subsidiaries & Group Companies of Sethi Agritech Private 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.
GST Compliance of Sethi Agritech Private Limited
Sethi Agritech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AANCS4494A1ZD | Madhya Pradesh | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of Sethi Agritech Private 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.
Frequently Asked Questions about Sethi Agritech Private Limited
Sethi Agritech is an active private limited company based in Indore, Madhya Pradesh, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 17 September 2009 (17+ years old) and is registered under CIN U01112MP2009PTC022392.
Sethi Agritech reported revenue of ₹13.49 Cr for FY 2024 (down 79% YoY).
Sethi Agritech has 4 current directors:
- Kamlesh Kumar Sethi - Director
- Rashita Kasliwal - Director
- Vijay Miglani - Director
- Asha Sethi - Director
Sethi Agritech reported a net loss of ₹16.57 Lakh (net margin -1.2%) and EBITDA of ₹1.07 Cr (EBITDA margin 8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sethi Agritech is -44% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sethi Agritech is 23AANCS4494A1ZD, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Sethi Agritech is U01112MP2009PTC022392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethi Agritech has 5 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Sethi Agritech was incorporated on 17 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Sethi Agritech by revenue are Lucky Seeds Private Limited, JSV Aadi Seeds Private Limited, Ramo Agritech (India) Pvt. Ltd, Univeg Seed Technologies Private Limited, Sudarshan Seeds Pvt Ltd and 5 more, all in the Agriculture industry (Agritech, Seeds).
Vijay Miglani was appointed as Director on 24 May 2024. Rashita Kasliwal ceased to be Additional Director on 30 Sep 2022. Rashita Kasliwal was appointed as Director on 18 Sep 2021. Sethi Agritech has 8 board changes on record in total.
Sethi Agritech has 4 MSME Form 1 returns on record between 2021 and 2022, listing 14 overdue payments to 9 micro and small suppliers. The latest return was filed on 26 Oct 2022.