TG Sugars Limited
About TG Sugars Limited
Data last updated:
TG Sugars Limited is a public limited company based in Nerul, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 28 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PLC299084. Its GSTIN is 27AAGCT4041B1ZQ (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Rajendra Vimalchand Mutha (Whole-Time Director) and Rashmi Sagar Mitkary.
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 Shop No.5 Plot No.14 Sector 1, Nerul, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹723.64 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.31 Cr (net margin 0.2%) and EBITDA of ₹2.61 Cr (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹7 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
TG Sugars Limited's registered office is in Nerul, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.5 Plot No.14 Sector 1, Nerul, Maharashtra, India – 400706
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of TG Sugars Limited, buy the company report.
- 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
Business activity
The main business activity of TG Sugars is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of TG Sugars Limited, buy the company report.
Financials of TG Sugars Limited
FY 2025 filings availableTG Sugars Limited reported revenue of ₹723.64 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 7% growth in the latest year. EBITDA rose 27% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.61 Cr | ||||
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| Net Profit (PAT) | ₹1.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of TG Sugars Limited, buy the company report.
Board of directors of TG Sugars Limited
TG Sugars has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Vimalchand Mutha | Whole-Time Director | 28 Nov 2021 | 4 Years 11 Months | Current |
| Rashmi Sagar Mitkary | Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Sumitra Rajendra Mutha | Director | 28 Aug 2017 | 9 Years 2 Months | Current |
| Arham Mahaveer Mutha | Director | 05 Mar 2022 | 4 Years 7 Months | Current |
| Sanit Sanjay Mathulkar Also directs: Artrac Industries Private Limited | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Mutha Mamta Mahaveer | Director | 28 Aug 2017 | 9 Years 2 Months | Current |
Auditor
TG Sugars Limited is audited by S. D. MOTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. D. MOTA & ASSOCIATES | FY 2023 | 119681W |
Shareholding
The shareholding of TG Sugars Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of TG Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2022 | 100675029 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 16 Feb 2021 | 100434223 | Hdfc Bank Limited | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal cases
TG Sugars Limited has 4 court cases on record: 4 filed by TG Sugars. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Satara, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Satara, Maharashtra | Civil suit | Filed by the company against Anurag Traders Th.Ashok Sankpal | Disposed |
| District court, Satara, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of TG Sugars 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 TG Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
TG Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT4041B1ZQ | Maharashtra | Active | 11 Oct 2017 |
To see the full GST registrations and return filing status of TG Sugars Limited, buy the company report.
Recent activity
TG Sugars Limited has 12 board changes on record since 2017: 7 appointments and 5 cessations. The latest: Sanit Sanjay Mathulkar was appointed as Director on 30 Sep 2024.
5 earlier events are in the company report.
Frequently asked questions
TG Sugars is an active public limited company based in Nerul, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 28 August 2017 (9+ years old) and is registered under CIN U74999MH2017PLC299084.
TG Sugars has 6 current directors:
- Rajendra Vimalchand Mutha - Whole-Time Director
- Rashmi Sagar Mitkary - Director
- Sumitra Rajendra Mutha - Director
- Arham Mahaveer Mutha - Director
- Sanit Sanjay Mathulkar - Director
- Mutha Mamta Mahaveer - Director
The latest financial statements of TG Sugars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of TG Sugars is 27AAGCT4041B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of TG Sugars is U74999MH2017PLC299084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TG Sugars has 4 court cases on record: 4 filed by the company. 2 are pending.
TG Sugars was incorporated on 28 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Sanit Sanjay Mathulkar was appointed as Director on 30 Sep 2024. Rashmi Sagar Mitkary was appointed as Director on 30 Sep 2023. Shreyansa Mahaveer Jain ceased to be Additional Director on 30 Sep 2023. TG Sugars has 12 board changes on record in total.
The registered office of TG Sugars is at Shop No.5 Plot No.14 Sector 1, Nerul, Maharashtra, India – 400706.
TG Sugars operates in the agriculture industry, in the agro retail and distribution segment.