Tbi Corn Limited - food and beverages in Sangli, Maharashtra, India. FY 2026 financials & compliance.
CIN L15400PN2022PLC212368 Incorporated 22 June 2022 ROC Pune HQ Sangli, Maharashtra, India
Active Listed - NSE: TBI Public Limited Company food and beverages MSME · Medium
Data last updated
Market Cap
₹131 Cr
TBI-SM · NSE
Share Price
₹68.50
-5.19% today
Revenue
₹304 Cr
FY 2025-26 · +43.5% YoY
EBITDA
₹34.82 Cr
Margin 11.5%
Net Profit
₹18.60 Cr
FY 2025-26 · +36.4% YoY
P/E (TTM)
7.3x
P/B 1.1x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹18.16 Cr
Issued & subscribed

About Tbi Corn Limited

Data last updated:

Tbi Corn Limited is a public limited company based in Sangli, Maharashtra, India. It operates in the organic and health foods segment of the food and beverages sector. It was incorporated on 22 June 2022.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN L15400PN2022PLC212368. Its GSTIN is 27AAJCT4818P1ZL (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: TBI.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹18.16 Cr. It is led by directors including Yogesh Laxman Rajhans (Managing Director) and Ninad Anand Yedurkar (Whole-Time Director).

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A5/3 & A5/4 MIDC Miraj Tal – Miraj Dist – Sangli, Maharashtra, India – 416410.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹303.68 Cr, a growth of 43.5% compared to the previous year. For the same year it recorded a net profit of ₹18.6 Cr (net margin 6.1%) and EBITDA of ₹34.82 Cr (EBITDA margin 11.5%). The net worth stands at ₹120 Cr (up 18.3% YoY). Total assets are valued at ₹191.38 Cr (up 15% YoY).

The company has about 26 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: TBI Corn. As per MCA filings, the company has open charges of ₹182.34 Cr and satisfied charges of ₹94.18 Cr on record. The company has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹26.74 Cr; the latest was in June 2024. Its 5 peer companies in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 2 smaller; the largest is Bagrrys India Private Limited with revenue of ₹218.99 Cr.

Tbi Corn Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-29-0049042). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tbicorn.com.

Company details

CIN L15400PN2022PLC212368
Registration Number 212368
Incorporation Date 22 June 2022
ROC Pune
Listing Status Listed (NSE: TBI)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-29-0049042

CIN history

Tbi Corn has one previous CIN (Corporate Identification Number): U15400PN2022PLC212368. The current CIN is L15400PN2022PLC212368, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15400PN2022PLC212368Current
U15400PN2022PLC212368Previous

Recognitions & Rankings of Tbi Corn

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-29-0049042

Contact details

Tbi Corn Limited's registered office is in Sangli, Maharashtra.

  • Registered Address
    A5/3 & A5/4 MIDC Miraj Tal – Miraj Dist – Sangli, Maharashtra, India – 416410
  • Industry
    Food and Beverages, Organic & Health Foods
Comprehensive company report
Tbi Corn Limited - one report that includes everything
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  • Legal cases, compliance and MCA filings
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Brands

Tbi Corn operates one associated brand: TBI Corn. Each brand links to its own profile.

BrandDescriptionWebsite
Corn processing services are offered for human and animal consumption.tbicorn.com

Business activity

The main business activity of Tbi Corn is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Tbi Corn Limited, buy the company report.

Financials of Tbi Corn Limited

FY 2025-26 filings available

Tbi Corn Limited reported revenue of ₹303.68 Cr (up 43.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹304 Cr
+43.5% YoY
EBITDA
₹34.82 Cr
+46.6% YoY
Profit After Tax
₹18.60 Cr
+36.4% YoY
Net Worth
₹120 Cr
+18.3% YoY
Total Assets
₹191 Cr
+15.0% YoY
Total Debt
₹71.36 Cr
+9.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue304212158
Revenue growth+43.5%+33.7%-
EBITDA34.8223.7517.76
EBITDA margin+11.5%+11.2%+11.2%
Profit before tax24.6918.2913.58
Net profit18.6013.6410.10
Net profit margin+6.1%+6.5%+6.4%
EPS (₹)10.257.517.55
Balance sheet
Total assets19116688.63
Net worth12010142.82
Total debt71.3664.9545.81
Cash & bank19.100.430.45
Net working capital15814374.84
Cash flow
Cash from operations42.18(29.56)(2.83)
Cash from investing(12.35)(12.03)(7.86)
Cash from financing(11.16)41.5810.84
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue303212158115
Revenue growth+43.3%+33.8%+37.0%-
EBITDA34.5923.7517.7610.49
EBITDA margin+11.4%+11.2%+11.2%+9.1%
Profit before tax24.4418.2913.588.51
Net profit18.3513.6410.106.41
Net profit margin+6.1%+6.4%+6.4%+5.6%
EPS (₹)10.117.517.5514,841.19
Balance sheet
Total assets18916688.6357.17
Net worth12010142.8216.78
Total debt69.3664.9445.8140.39
Cash & bank18.290.250.450.30
Net working capital15614374.8450.44
Cash flow
Cash from operations33.41(29.56)(2.83)(16.72)
Cash from investing(12.24)(12.20)(7.86)(7.51)
Cash from financing(3.13)41.5710.8424.53

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue304212158
Revenue growth+43.5%+33.7%-
Other income0.962.110.96
Total expenses269188140
Employee cost0.000.920.72
EBITDA34.8223.7517.76
EBITDA margin+11.5%+11.2%+11.2%
Depreciation3.072.180.81
Interest8.025.394.33
Profit before tax24.6918.2913.58
Tax6.094.653.48
Net profit18.6013.6410.10
Net profit margin+6.1%+6.5%+6.4%
EPS (₹)10.257.517.55
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital18.1618.1613.38
Reserves & surplus10283.2429.44
Shareholders' funds (net worth)12010142.82
Minority interest0.010.000.00
Secured loans1.943.114.46
Unsecured loans69.4261.8441.35
Total debt71.3664.9545.81
Total liabilities19116688.63
Assets
Gross block26.9620.169.10
Net block20.2816.557.68
Capital work in progress12.687.236.25
Investments0.020.020.02
Inventories84.4670.3350.87
Sundry debtors76.7445.6930.90
Cash & bank balances19.100.430.45
Loans & advances26.9139.965.54
Total current assets20715687.76
Total current liabilities48.7513.6512.92
Net working capital15814374.84
Total assets19116688.63
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.430.450.30
Net cash from operating activities42.18(29.56)(2.83)
Net cash from investing activities(12.35)(12.03)(7.86)
Net cash from financing activities(11.16)41.5810.84
Net change in cash18.67(0.02)0.15
Closing cash19.100.430.45
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+43.5%+33.7%-
EBITDA growth+46.6%+33.7%-
PBT growth+35.0%+34.7%+9997.0%
Net income growth+36.4%+35.1%-
Profitability & leverage
Net income margin+6.1%+6.5%+6.4%
Return on capital employed-+18.6%+20.2%
Return on net worth-+18.9%+23.6%
Debt / equity-0.771.07
Long-term debt / equity-0.100.20
Interest cover25.2624.9925.55
Efficiency & per share
Fixed asset turnover-14.4617.39
Inventory turnover-3.493.11
Debtors turnover-5.545.12
EPS (₹)10.257.517.55
Dividend per share (₹)0.000.000.00
Book value per share (₹)0.0055.8432.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue303212158115
Revenue growth+43.3%+33.8%+37.0%-
Other income0.932.110.960.90
Total expenses269188140105
Employee cost0.000.920.720.41
EBITDA34.5923.7517.7610.49
EBITDA margin+11.4%+11.2%+11.2%+9.1%
Depreciation3.072.180.810.62
Interest8.015.394.332.26
Profit before tax24.4418.2913.588.51
Tax6.094.653.482.26
Net profit18.3513.6410.106.41
Net profit margin+6.1%+6.4%+6.4%+5.6%
EPS (₹)10.117.517.5514,841.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital18.1618.1613.380.01
Reserves & surplus10283.2429.4416.77
Shareholders' funds (net worth)12010142.8216.78
Secured loans1.943.114.4611.22
Unsecured loans67.4261.8341.3529.17
Total debt69.3664.9445.8140.39
Total liabilities18916688.6357.17
Assets
Gross block26.9320.169.107.51
Net block20.2516.557.686.89
Capital work in progress12.687.236.250.00
Investments0.200.190.020.00
Inventories79.1670.3350.8746.49
Sundry debtors76.3945.5330.9021.06
Cash & bank balances18.290.250.450.30
Loans & advances28.8639.955.542.28
Total current assets20315687.7670.13
Total current liabilities46.5613.4912.9219.69
Net working capital15614374.8450.44
Total assets18916688.6357.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.250.450.300.00
Net cash from operating activities33.41(29.56)(2.83)(16.72)
Net cash from investing activities(12.24)(12.20)(7.86)(7.51)
Net cash from financing activities(3.13)41.5710.8424.53
Net change in cash18.04(0.20)0.150.30
Closing cash18.290.250.450.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+43.3%+33.8%+37.0%-
EBITDA growth+45.6%+33.7%+69.3%-
PBT growth+33.6%+34.7%+19.7%+9997.0%
Net income growth+34.5%+35.1%+57.6%-
Revenue CAGR (3Y)+38.0%---
EBITDA CAGR (3Y)+48.8%---
Profitability & leverage
Net income margin+6.1%+6.4%+6.4%+5.4%
Return on capital employed-+18.6%+24.6%+25.1%
Return on net worth-+18.9%+33.9%+49.5%
Debt / equity-0.771.452.41
Long-term debt / equity-0.100.380.83
Interest cover25.4124.9925.5522.90
Efficiency & per share
Fixed asset turnover-14.4719.0520.50
Inventory turnover-3.493.253.31
Debtors turnover-5.536.097.31
EPS (₹)10.117.517.5514,841.19
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)0.0055.8432.0129,965.18

To see the full year-wise statements and ratios of Tbi Corn Limited, buy the company report.

Board of directors of Tbi Corn Limited

Tbi Corn has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yogesh Laxman RajhansManaging Director22 Jun 20224 Years 4 MonthsCurrent
Asha Laxman RajhansDirector22 Jun 20224 Years 4 MonthsCurrent
Sanjay Ashokrao KadamDirector13 Sep 20233 Years 1 MonthsCurrent
Atul Babasaheb PatilDirector13 Sep 20233 Years 1 MonthsCurrent
Chandrakant Shivaji MaliDirector13 Sep 20233 Years 1 MonthsCurrent
Ninad Anand YedurkarWhole-Time Director02 Nov 20232 Years 11 MonthsCurrent

Peer comparison

Tbi Corn Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Tbi Corn Limitedthis company₹303.68 Cr (FY 2026)₹18.6 Cr6.1%43.5%Sangli, Maharashtra, India
Bagrrys India Private Limited₹218.99 Cr (FY 2025)0.0%Solan, Himachal Pradesh, India
Payal Dealers Pvt Ltd₹218.98 Cr (FY 2025)41.0%Kolkata, West Bengal, India
Ruparel Foods Private Limited₹216.42 Cr (FY 2025)38.0%Mahuva, Gujarat, India
Svma Soya Foods Private Limited₹212.19 Cr (FY 2025)2.0%Dindigul, Tamil Nadu, India
Orion Health Foods Private Limited₹204.49 Cr (FY 2024)122.0%Shillong, Meghalaya, India

To see the full peer comparison of Tbi Corn Limited, buy the company report.

Charges & borrowings

Open charges
₹182.34 Cr
Satisfied charges
₹94.18 Cr
Breakdown by lending institutions
Others₹109.29 Cr
Axis Bank Limited₹73.05 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2026101403436Others₹5.69 CrOpen
18 Aug 2026101397529Others₹3.6 CrOpen
25 Apr 2025101086319Others₹30 CrOpen
31 Dec 2024101022917Others₹30 CrOpen
29 Sep 2023100826561Axis Bank Limited₹73.05 CrOpen

To see the full charge records of Tbi Corn Limited, buy the company report.

Total charge records: 19 View all charges

Deals & funding

Tbi Corn Limited has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹26.74 Cr; the latest was in June 2024.

Total deals
3
Funding rounds
2
IPO
1
Disclosed funding
₹26.74 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Jun 2024IPO₹44.94 CrInvestors: IPO SME-TBI Corn Limited, Next Orbit Ventures, Persistent Growth Fund- Varsu India Growth Story Scheme 1
Sep 2023Funding round₹16.2 CrInvestors: Mittal Portfolios Private Limited , Gjnx Ventures, 2 individuals
Mar 2023Funding round₹10.54 CrInvestors: Yogesh Laxman Rajhans HUF, 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Tbi Corn Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Tbi Corn has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAJCT4818P1ZLMaharashtraActive02 Aug 2022
30AAJCT4818P1ZYGoaActive15 Sep 2022

To see the full GST registrations and return filing status of Tbi Corn Limited, buy the company report.

Recent activity

Tbi Corn Limited has 7 board changes on record since 2022: 6 appointments and 1 cessation. The latest: Ninad Anand Yedurkar was appointed as Whole-Time Director on 02 Nov 2023.

Charges
A charge with Others of Rs. 35.00 Cr registered on 19 Aug 2023 with Charge ID 100778319 was modified on 03 Oct 2026.
Charges
A charge with Others amounted to Rs. 5.69 Cr with Charge ID 101403436 was registered on 30 Sep 2026.
Charges
A charge with Axis Bank Limited of Rs. 73.05 Cr registered on 29 Sep 2023 with Charge ID 100826561 was modified on 03 Sep 2026.
Charges
A charge with Others amounted to Rs. 3.60 Cr with Charge ID 101397529 was registered on 18 Aug 2026.
Filing
Tbi Corn Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
AGM
Tbi Corn Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101086319 was registered on 25 Apr 2025.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101022917 was registered on 31 Dec 2024.
Charges
A charge registered on 01 Jun 2024 via Charge ID 100948382 with Others was fully satisfied on 17 Sep 2024.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100948382 was registered on 01 Jun 2024.
Charges
A charge registered on 21 Jun 2023 via Charge ID 100740997 with Others was fully satisfied on 16 Jan 2024.
Charges
A charge registered on 27 Mar 2023 via Charge ID 100714689 with Others was fully satisfied on 16 Jan 2024.

33 earlier events are in the company report.

Frequently asked questions

Tbi Corn is an active public limited company based in Sangli, Maharashtra, India. The company works in organic and health foods, within the food and beverages industry. It was incorporated on 22 June 2022 (4+ years old) and is registered under CIN L15400PN2022PLC212368. Listed on NSE: TBI.

Tbi Corn reported revenue of ₹303.68 Cr for FY 2025-26 (up 43.5% YoY) based on consolidated financials.

Tbi Corn has 6 current directors:

The latest financial statements of Tbi Corn on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2023 are in the company report.

The GSTIN of Tbi Corn is 27AAJCT4818P1ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAJCT4818P1ZY (Goa).

The CIN (Corporate Identification Number) of Tbi Corn is L15400PN2022PLC212368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tbi Corn is a listed company as per MCA records. Its shares are listed on NSE (symbol: TBI).

Tbi Corn was incorporated on 22 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Pune.

Tbi Corn has 3 deals on record (2 funding rounds, 1 ipo), with disclosed funding of ₹26.74 Cr; the latest was in June 2024.

The peers of Tbi Corn by revenue are Bagrrys India Private Limited, Payal Dealers Pvt Ltd, Ruparel Foods Private Limited, Svma Soya Foods Private Limited, Orion Health Foods Private Limited, all in the Food and Beverages industry (Health and Organic Foods), with the same principal business activity (food, beverages and tobacco products).

Ninad Anand Yedurkar was appointed as Whole-Time Director on 02 Nov 2023. Atul Babasaheb Patil was appointed as Director on 13 Sep 2023. Chandrakant Shivaji Mali was appointed as Director on 13 Sep 2023. Tbi Corn has 7 board changes on record in total.