MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-14-0004186
Somanath Seeds Private Limited - agriculture in Gadag, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹18.64 Cr
▼ 9% YoY
Net loss · FY 2024
₹1.59 Cr
Net margin -8.6%
EBITDA · FY 2024
-₹1.16 Cr
EBITDA margin -6.2%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹10.5 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Directors on board
3
As per MCA filings
About Somanath Seeds Private Limited
Data last updated:
Somanath Seeds Private Limited is a private limited company based in Gadag, Karnataka, India. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 27 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01407KA2009PTC048965. Its GSTIN is 29AAMCS8019C1Z5 (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Shekharagouda Shankaragouda Patil (Managing Director) and Vageeshgouda Shekhargouda Patil.
Its last annual general meeting (AGM) was held on 16 January 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Spl Plot – 10 Kssidc Industrial Estate Hatalageri Naka, Gadag, Karnataka, India – 582101.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.64 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹1.59 Cr (net margin -8.6%) and EBITDA of -₹1.16 Cr (EBITDA margin -6.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹10.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Somanath Seeds Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-14-0004186). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website somanath.in.
Company details
CIN U01407KA2009PTC048965
Registration Number 048965
Incorporation Date 27 January 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 January 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-14-0004186
Key People
Shekharagouda Shankaragouda Patil Managing Director Vageeshgouda Shekhargouda Patil Director Praveenagouda Shekharagouda Patil Director Recognitions & Rankings of Somanath Seeds
Contact details
Somanath Seeds Private Limited's registered office is in Gadag, Karnataka. Its website is somanath.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSpl Plot – 10 Kssidc Industrial Estate Hatalageri Naka, Gadag, Karnataka, India – 582101
- IndustryAgriculture, Seed Production & Distribution, Fertilizers & Soil Enhancers
To see the full contact details of Somanath Seeds Private Limited, buy the company report.
Comprehensive company report
Somanath Seeds 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 Somanath Seeds is agriculture, forestry, fishing. In detail, this covers production of crops and animals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals |
To see the full business activity and turnover split of Somanath Seeds Private Limited, buy the company report.
Financials of Somanath Seeds Private Limited
FY 2024 filings availableSomanath Seeds Private Limited reported revenue of ₹18.64 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹18.64 Cr ▼ 9%
Net loss · FY 2024
₹1.59 Cr margin -8.6%
EBITDA · FY 2024
-₹1.16 Cr margin -6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 13%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 364%
3 years · compounded
▼ 41%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 9% fall in the latest year. EBITDA fell 364% 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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| EBITDA | -₹1.16 Cr | ||||
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| Net Profit (PAT) | -₹1.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -6.2% | ||||
| Net Profit Margin | -8.6% | ||||
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To see the full financial statements and ratios of Somanath Seeds Private Limited, buy the company report.
Board of directors of Somanath Seeds Private Limited
Somanath Seeds has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vageeshgouda Shekhargouda Patil Also directs: Somanath Crop Science India Private Limited | Director | 27 Jan 2009 | 17 Years 9 Months | Current |
| Praveenagouda Shekharagouda Patil Also directs: Somanath Crop Science India Private Limited | Director | 23 Jan 2015 | 11 Years 9 Months | Current |
| Shekharagouda Shankaragouda Patil Also directs: Somanath Crop Science India Private Limited | Managing Director | 27 Jan 2009 | 17 Years 9 Months | Current |
Auditor
Somanath Seeds Private Limited is audited by PARWATAGOUDRA & CHETTY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARWATAGOUDRA & CHETTY | FY 2019 | 002588S |
Shareholding
The shareholding of Somanath Seeds Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Somanath Seeds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2017 | 100126641 | State Bank of India | ₹5.12 Cr | Open | |
| 30 Mar 2013 | 10428199 | State Bank of India | ₹5.38 Cr | Open |
To see the full charge records of Somanath Seeds Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Somanath Seeds Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, KOPPAL, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Somanath Seeds Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Somanath Seeds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Somanath Seeds has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Somanath Crop Science India Private Limited | U01200KA2015PTC078471 |
To see the full group structure of Somanath Seeds Private Limited, buy the company report.
GST
Somanath Seeds has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS8019C1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Somanath Seeds Private Limited, buy the company report.
Recent activity
Somanath Seeds Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Praveenagouda Shekharagouda Patil ceased to be Additional Director on 30 Sep 2015.
AGM
Somanath Seeds Private Limited last Annual general meeting of members was held on 16 Jan 2025 as per latest MCA records.
Filing
Somanath Seeds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 538.00 Lakh registered on 30 Mar 2013 with Charge ID 10428199 was modified on 05 Feb 2018.
Charges
A charge with State Bank Of India amounted to Rs. 511.76 Lakh with Charge ID 100126641 was registered on 03 Jun 2017.
Ceased
Praveenagouda Shekharagouda Patil ceased to be Additional Director.
Ceased
Shekharagouda Shankaragouda Patil ceased to be Director.
Appointed
Praveenagouda Shekharagouda Patil was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 538.00 Lakh with Charge ID 10428199 was registered on 30 Mar 2013.
Appointed
Shekharagouda Shankaragouda Patil was appointed as Managing Director.
Appointed
Vageeshgouda Shekhargouda Patil was appointed as Director.
Incorporation
27 Jan 2009
Somanath Seeds Private Limited was registered on 27 Jan 2009 with Roc Bangalore & aged 17 years 9 months as per MCA records.
Frequently asked questions
Somanath Seeds is an active private limited company based in Gadag, Karnataka, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 27 January 2009 (17+ years old) and is registered under CIN U01407KA2009PTC048965.
Somanath Seeds has 3 current directors:
- Shekharagouda Shankaragouda Patil - Managing Director
- Vageeshgouda Shekhargouda Patil - Director
- Praveenagouda Shekharagouda Patil - Director
The latest financial statements of Somanath Seeds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 January 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Somanath Seeds is 29AAMCS8019C1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Somanath Seeds is U01407KA2009PTC048965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Somanath Seeds has 2 court cases on record: 2 filed against it.
Somanath Seeds was incorporated on 27 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Praveenagouda Shekharagouda Patil ceased to be Additional Director on 30 Sep 2015. Shekharagouda Shankaragouda Patil ceased to be Director on 27 Jan 2015. Praveenagouda Shekharagouda Patil was appointed as Director on 23 Jan 2015. Somanath Seeds has 5 board changes on record in total.
Yes, Somanath Seeds is registered as a small enterprise under Udyam registration (number: UDYAM-KR-14-0004186).
Somanath Seeds can be reached through the website somanath.in. Its registered office is in Gadag, Karnataka, India.