Hurun India Rich List 2026 edition · 1 director
- #994 Amit P Kore & family ₹2,800 Cr
Revenue · FY 2025
₹1,054.46 Cr
▲ 6% YoY
Net profit · FY 2025
₹5.82 Cr
Net margin 0.6%
EBITDA · FY 2025
₹98.32 Cr
EBITDA margin 9.3%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹33.86 Cr
Issued & subscribed
Open charges
₹1,102.03 Cr
Satisfied ₹532.83 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
573
Provident fund records
About Shivashakti Sugars Limited
Data last updated:
Shivashakti Sugars Limited is a public limited company based in Belgaum, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 21 April 1995 and has been in existence for over 31 years.
Its director Amit P Kore and family are #994 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15421KA1995PLC017655. Its GSTIN is 29AACCS3150L1Z6 (Karnataka).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹33.86 Cr. It is led by directors including Asha Prabhakar Kore (Managing Director) and Amit Prabhakar Kore (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Cts No. 4094/1B1 And Cts No. 4094/1B2 2nd Floor Adarsha Central Mall Gondhali Galli, Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,054.46 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹5.82 Cr (net margin 0.6%) and EBITDA of ₹98.32 Cr (EBITDA margin 9.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 14% over five years.
The company has about 573 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shivashakti Sugars. As per MCA filings, the company has open charges of ₹1,102.03 Cr and satisfied charges of ₹532.83 Cr on record. Court records list 141 cases involving the company, including 115 filed by the company and 8 filed against it; 36 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shivshaktisugars.com.
Company Details of Shivashakti Sugars Limited
CIN U15421KA1995PLC017655
Registration Number 017655
Incorporation Date 21 April 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Asha Prabhakar Kore Managing Director Amit Prabhakar Kore Whole-Time Director Kiran Raj Director Recognitions & Rankings of Shivashakti Sugars
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressCts No. 4094/1B1 And Cts No. 4094/1B2 2nd Floor Adarsha Central Mall Gondhali Galli, Belgaum, Karnataka, India – 590001
- IndustryAgriculture, Sugar Processing
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Associated Brands with Shivashakti Sugars Limited
Shivashakti Sugars operates one associated brand: Shivashakti Sugars. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, by-products, and agricultural services in Karnataka. | shivshaktisugars.com |
Business Activity of Shivashakti Sugars Limited
The main business activities of Shivashakti Sugars are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | 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 Shivashakti Sugars Limited FY 2025 filings available
Shivashakti Sugars Limited reported revenue of ₹1,054.46 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹1,054.46 Cr ▲ 6%
Net profit · FY 2025
₹5.82 Cr margin 0.6%
EBITDA · FY 2025
₹98.32 Cr margin 9.3%
Compounded Annual Growth Rate (CAGR) of Shivashakti Sugars Limited
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 8%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 5%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 6% 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 Shivashakti Sugars Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹98.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.82 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 Shivashakti Sugars Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Shivashakti Sugars are in the company report.
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Financial statements from 2015
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Board of Directors of Shivashakti Sugars Limited
Shivashakti Sugars has 7 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Raj Also directs: Inamdar Sugars Limited | Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Amit Prabhakar Kore Also directs: Yuvrajcorporation LLP, Vaj Mine and Mineral Private Limited, Kore Steel Limited and 5 more | Whole-Time Director | 01 Oct 2021 | 5 Years 0 Months | Current |
| Deepti Aradhya Also directs: Inamdar Sugars Limited, Pragyaat Trading Private Limited, Healthminds Consulting Private Limited and 1 more | Director | 15 Mar 2024 | 2 Years 7 Months | Current |
| Rajkumar Shankarrao Kothavale | Director | 12 Jun 2010 | 16 Years 4 Months | Current |
| Anil Virupax Bagi Also directs: Inamdar Sugars Limited | Director | 26 Sep 2018 | 8 Years 0 Months | Current |
| Asha Prabhakar Kore Also directs: Pragyaat Trading Private Limited | Managing Director | 28 Feb 2012 | 14 Years 7 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer Comparison of Shivashakti Sugars Limited
Shivashakti Sugars Limited is compared with the companies closest to it by revenue in the Agriculture industry (Sugar). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indian Cane Power Limited | ₹1,279.13 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Davanagere, Karnataka, India |
| Gangamai Industries and Constructions Private Limited | ₹1,211.94 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Aurangabad, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
| The Oudh Sugar Mills Limited | ₹1,171.78 Cr (FY 2016) | •••• | •••• | -15.0% | •••• | Uttar Pradesh, India |
| Zuari Industries Limited Listed | ₹1,082.48 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Goa, India |
| Shivashakti Sugars Limited this company | ₹1,054.46 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Belgaum, Karnataka, India |
| Sakthi Sugars Limited Listed | ₹989.33 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Erode, Tamil Nadu, India |
| L H Sugar Factories Limited | ₹949.2 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Uttar Pradesh, India |
| Venkateshwara Power Project Limited | ₹948.38 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolhapur, Maharashtra, India |
| Manas Agro Industries & Infrastructure Limited | ₹943.37 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Mumbai, Maharashtra, India |
| Jay Shree Tea and Industries Limited Listed | ₹920.1 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Shivashakti Sugars by revenue in the Agriculture industry (Sugar), 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 Shivashakti Sugars Limited
Shivashakti Sugars Limited is audited by P.G.GHALI & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P.G.GHALI & CO. | Locked | Locked | Locked |
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Ownership and Shareholding of Shivashakti Sugars Limited
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Charges & Borrowings of Shivashakti Sugars Limited
Open charges
₹1,102.03 Cr
Satisfied charges
₹532.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2025 | Canara Bank | ₹42 Cr | Open |
| 11 Sep 2024 | Canara Bank | ₹31.71 Cr | Open |
| 30 Mar 2024 | Karnataka Bank Ltd. | ₹40 Cr | Open |
| 29 Sep 2023 | Karnataka Bank Ltd. | ₹100 Cr | Open |
| 01 Jun 2023 | Canara Bank | ₹225 Cr | Open |
Total charge records: 22 View all charges
Legal Cases of Shivashakti Sugars Limited
Shivashakti Sugars Limited has 141 court cases on record: 115 filed by Shivashakti Sugars, 8 filed against it, 18 where it is another party. 36 cases are pending and 105 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
141
Filed by the company
115
Filed against the company
8
Pending
36
Disposed
105
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 114 | 2 | 34 |
| High courts | 27 | 6 | 2 |
Cases on record (5 of 141)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
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Full case history
All 141 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Shivashakti Sugars Limited
Shivashakti Sugars Limited has a workforce of 573 employees as of Apr 10, 2024.
Employee count
573
Active EPFO establishments
1
Employee growth
1.6%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Shivashakti Sugars Limited
Shivashakti Sugars has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity on Shivashakti Sugars Limited
Shivashakti Sugars Limited has 29 board changes on record since 2007: 8 appointments and 21 cessations. The latest: Deepti Aradhya ceased to be Additional Director on 11 Apr 2024.
AGM
Shivashakti Sugars Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 42.00 Cr with Charge ID 101155263 was registered on 21 Aug 2025.
Charges
A charge with Karnataka Bank Ltd. of Rs. 40.00 Cr registered on 30 Mar 2024 with Charge ID 100902952 was modified on 29 May 2025.
Filing
Shivashakti Sugars Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 31.71 Cr with Charge ID 100981335 was registered on 11 Sep 2024.
Charges
A charge registered on 29 Aug 2017 via Charge ID 100156583 with Karnataka Bank Ltd. was fully satisfied on 20 Apr 2024.
Ceased
Deepti Aradhya ceased to be Additional Director.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 40.00 Cr with Charge ID 100902952 was registered on 30 Mar 2024.
Appointed
Deepti Aradhya was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 150.00 Cr registered on 24 Dec 2021 with Charge ID 100527508 was modified on 19 Dec 2023.
Charges
A charge registered on 29 May 2019 via Charge ID 100270974 with Others was fully satisfied on 10 Oct 2023.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 100.00 Cr with Charge ID 100784626 was registered on 29 Sep 2023.
59 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shivashakti Sugars Limited
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MSME Payment Delays by Shivashakti Sugars Limited
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Subsidiaries & Group Companies of Shivashakti Sugars Limited
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GST Compliance of Shivashakti Sugars Limited
Shivashakti Sugars has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS3150L1Z6 | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Shivashakti Sugars Limited
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Frequently Asked Questions about Shivashakti Sugars Limited
Shivashakti Sugars is an active public limited company based in Belgaum, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 21 April 1995 (31+ years old) and is registered under CIN U15421KA1995PLC017655.
Shivashakti Sugars reported revenue of ₹1,054.46 Cr for FY 2025 (up 6% YoY).
Shivashakti Sugars has 7 current directors:
- Asha Prabhakar Kore - Managing Director
- Amit Prabhakar Kore - Whole-Time Director
- Kiran Raj - Director
- Deepti Aradhya - Director
- Rajkumar Shankarrao Kothavale - Director
- Anil Virupax Bagi - Director
- Prabhakar Basaprabhu Kore - Director
Shivashakti Sugars reported a net profit of ₹5.82 Cr (net margin 0.6%) and EBITDA of ₹98.32 Cr (EBITDA margin 9.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shivashakti Sugars is 8% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shivashakti Sugars is 29AACCS3150L1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Shivashakti Sugars is U15421KA1995PLC017655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivashakti Sugars has 141 court cases on record: 115 filed by the company and 8 filed against it. 36 are pending. Most are in the district courts.
Shivashakti Sugars was incorporated on 21 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shivashakti Sugars by revenue are Indian Cane Power Limited, Gangamai Industries and Constructions Private Limited, Modi Industries Limited, The Oudh Sugar Mills Limited, Zuari Industries Limited and 5 more, all in the Agriculture industry (Sugar).
Deepti Aradhya ceased to be Additional Director on 11 Apr 2024. Deepti Aradhya was appointed as Director on 15 Mar 2024. Amit Prabhakar Kore ceased to be Additional Director on 27 Sep 2022. Shivashakti Sugars has 29 board changes on record in total.