About Sri Sai Basava Sugars Limited
Data last updated:
Sri Sai Basava Sugars Limited is a public limited company based in Sindgi, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 26 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28259KA1995PLC048389. Its GSTIN is 29AADCM2301C1Z3 (Karnataka).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹33.49 Cr. It was formerly known as Manali Sugars Limited. It is led by directors including Jawahar Vasantrao Hunagund (Managing Director) and Suresh Basangouda Patil.
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 Sindgi, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹96.03 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹15.73 Lakh (net margin 0.2%) and EBITDA of ₹19.03 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 196 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹145 Cr and satisfied charges of ₹290.49 Cr on record. Court records list 134 cases involving the company, including 101 filed by the company and 26 filed against it; 30 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013. Its 10 peer companies in the Agriculture industry (Sugar) are compared by revenue, 5 larger and 5 smaller; the largest is N. Punjab Sugars Private Limited with revenue of ₹103.19 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manalisugars.com.
CIN History of Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28259KA1995PLC048389, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28259KA1995PLC048389 | Current |
| U01542KA1995PLC048389 | Previous |
| U01542TZ1995PLC006369 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressAt Post Malaghan, Taluk Almel, Sindgi, Karnataka, India – 586128
- IndustryAgriculture, Sugar Processing
- 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 Sri Sai Basava Sugars Limited
The main business activities of Sri Sai Basava Sugars are manufacturing and electricity, gas, steam and air conditioning supply. In detail, this covers manufacture of food products and electricity, gas, steam and air conditioning supply. 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 | 10 | Manufacture of food products | Locked |
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply | 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 Sri Sai Basava Sugars Limited FY 2025 filings available
Sri Sai Basava Sugars Limited reported revenue of ₹96.03 Cr (down 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sri Sai Basava Sugars Limited
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 53% 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 Sri Sai Basava 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 | ₹19.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.73 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 Sri Sai Basava Sugars Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Sri Sai Basava Sugars 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.
Board of Directors and KMP of Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited currently reports 4 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jawahar Vasantrao Hunagund | Managing Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Kanchi Srinivas Also directs: V3 Electronics India Private Limited | Company Secretary | 30 Jul 2024 | 2 Years 2 Months | Current |
| Suresh Basangouda Patil Also directs: Sampat Varshini Chit Funds Private Limited | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Krishtappa Dundappa Udapudi | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Krishnamurthy Seshatri Iyagriv | Director | 22 Jul 2023 | 3 Years 3 Months | Current |
Peer Comparison of Sri Sai Basava Sugars Limited
Sri Sai Basava 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 |
|---|---|---|---|---|---|---|
| N. Punjab Sugars Private Limited | ₹103.19 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Nagpur, Maharashtra, India |
| Laila Sugars Private Limited | ₹102.23 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Shervani Sugar Syndicate Ltd | ₹98.22 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Uttar Pradesh, India |
| Cane Agro Energy (India) Limited | ₹97.56 Cr (FY 2018) | •••• | •••• | -27.0% | •••• | Sangli, Maharashtra, India |
| Terna Sugars Private Limited | ₹96.89 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Sri Sai Basava Sugars Limited this company | ₹96.03 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Sindgi, Karnataka, India |
| Shakumbari Sugar and Allied Industries Limited | ₹95.8 Cr (FY 2025) | •••• | •••• | 1144.0% | •••• | Saharanpur, Uttar Pradesh, India |
| Perambalur Sugar Mills Limited | ₹95 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Kedarnath Sugar and Agro Products Limited | ₹94.55 Cr (FY 2022) | •••• | •••• | 301.0% | •••• | Mudhol, Karnataka, India |
| B.K. Investment Services Pvt Ltd | ₹94.15 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Kolkata, West Bengal, India |
| Doiwala Sugar Company Limited | ₹94.13 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Uttarakhand, India |
Peers are the five companies nearest above and the five nearest below Sri Sai Basava 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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited is audited by VHAVLE & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VHAVLE & 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.
Ownership and Shareholding of Sri Sai Basava Sugars 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 Sri Sai Basava Sugars Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2025 | Others | ₹20 Cr | Open |
| 03 Jun 2025 | Others | ₹25 Cr | Open |
| 08 May 2025 | Others | ₹100 Cr | Open |
| 29 Nov 2023 | Others | ₹49 Cr | Satisfied |
| 31 Mar 2018 | Others | ₹43.39 Cr | Satisfied |
Total charge records: 12 View all charges
Deals & Funding of Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Funding round | ₹22.23 Cr | Investors: Others - Manali Sugars Limited, 3 individuals |
| Aug 2010 | Funding round | ₹2.92 Cr | Investors: Others - Manali Sugars Limited, 3 individuals |
| Sep 2008 | Funding round | ₹3.81 Cr | Investors: Kaveri Investment LLC, Others - Manali Sugars Limited, 2 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited has 134 court cases on record: 101 filed by Sri Sai Basava Sugars, 26 filed against it, 7 where it is another party. 30 cases are pending and 104 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 116 | 22 | 24 |
| High courts | 14 | 0 | 2 |
| NCLAT | 4 | 4 | 4 |
Cases on record (5 of 134)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chennai | Interim or miscellaneous application | Filed against the company by Indian Renewable Energy Development Agency Limited | Pending |
| NCLAT, Chennai | Insolvency matter | Filed against the company by Indian Renewable Energy Development Agency Limited | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Indian Renewable Energy Development Agency Limited | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Indian Renewable Energy Development Agency Limited | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Indian Renewable Energy Development Agency Limited | Disposed |
Full case history
All 134 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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited has a workforce of 196 employees as of Apr 08, 2024.
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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited has 19 board changes on record since 2006: 12 appointments and 7 cessations. The latest: Kanchi Srinivas was appointed as Company Secretary on 30 Jul 2024.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sri Sai Basava Sugars 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 Sri Sai Basava Sugars 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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCM2301C1Z3 | Karnataka | 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 Sri Sai Basava Sugars 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 Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars is an active public limited company based in Sindgi, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 26 July 1995 (31+ years old) and is registered under CIN U28259KA1995PLC048389.
Sri Sai Basava Sugars reported revenue of ₹96.03 Cr for FY 2025 (down 28% YoY).
Sri Sai Basava Sugars has 5 current directors and KMP:
- Jawahar Vasantrao Hunagund - Managing Director
- Suresh Basangouda Patil - Director
- Krishtappa Dundappa Udapudi - Director
- Krishnamurthy Seshatri Iyagriv - Director
- Kanchi Srinivas - Company Secretary
Sri Sai Basava Sugars reported a net profit of ₹15.73 Lakh (net margin 0.2%) and EBITDA of ₹19.03 Cr (EBITDA margin 19.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sri Sai Basava Sugars is -4% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sri Sai Basava Sugars is 29AADCM2301C1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Sri Sai Basava Sugars is U28259KA1995PLC048389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Sai Basava Sugars has 134 court cases on record: 101 filed by the company and 26 filed against it. 30 are pending. Most are in the district courts.
Sri Sai Basava Sugars was incorporated on 26 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Sri Sai Basava Sugars has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013.
The peers of Sri Sai Basava Sugars by revenue are N. Punjab Sugars Private Limited, Laila Sugars Private Limited, Shervani Sugar Syndicate Ltd, Cane Agro Energy (India) Limited, Terna Sugars Private Limited and 5 more, all in the Agriculture industry (Sugar).
Kanchi Srinivas was appointed as Company Secretary on 30 Jul 2024. Jawahar Vasantrao Hunagund was appointed as Managing Director on 01 Dec 2023. Gurusangappagouda Balappagouda Padekanur ceased to be Director on 22 Jul 2023. Sri Sai Basava Sugars has 19 board changes on record in total.