About Tikaula Sugar Mills Limited
Data last updated:
Tikaula Sugar Mills Limited is a public limited company based in Muzaffarnagar, Uttar Pradesh, India, a subsidiary of Himani Business Private Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 06 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U01115UP1994PLC017253. Its GSTIN is 09AACCT5815B1ZK (Uttar Pradesh).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.35 Cr. It is led by directors including Sudhish Prakash (Managing Director) and Nirankar Swarup (Whole-Time Director).
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 2 – D/1 Vakil Road New Mandi, Muzaffarnagar, Uttar Pradesh, India – 251001.
As per the financials filed for FY 2025, the company reported a revenue of ₹726.65 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹35.47 Cr (net margin 4.9%) and EBITDA of ₹86.89 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 99 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹535.45 Cr and satisfied charges of ₹511 Cr on record. Court records list 71 cases involving the company, including 44 filed by the company and 27 filed against it; 15 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2021. The company has 10 MSME Form 1 returns on record between 2019 and 2022, listing 81 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tikaula.in.
Company details
Contact details
Tikaula Sugar Mills Limited's registered office is in Muzaffarnagar, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address2 – D/1 Vakil Road New Mandi, Muzaffarnagar, Uttar Pradesh, India – 251001
- IndustryAgriculture, Sugar Processing
To see the full contact details of Tikaula Sugar Mills 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 Tikaula Sugar Mills is manufacturing. In detail, this covers manufacture of beverages.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 11 | Manufacture of beverages |
To see the full business activity and turnover split of Tikaula Sugar Mills Limited, buy the company report.
Financials of Tikaula Sugar Mills Limited
FY 2025 filings availableTikaula Sugar Mills Limited reported revenue of ₹726.65 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 18% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹726.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹86.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.47 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12% | ||||
| Net Profit Margin | 4.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Tikaula Sugar Mills Limited, buy the company report.
Board of directors of Tikaula Sugar Mills Limited
Tikaula Sugar Mills has 8 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirankar Swarup Also directs: Kandarp Enterprises Private Limited | Whole-Time Director | 14 Jan 2012 | 14 Years 9 Months | Current |
| Amit Swarup | Whole-Time Director | 03 Mar 2016 | 10 Years 8 Months | Current |
| Sudhish Prakash | Managing Director | 06 Dec 1994 | 31 Years 11 Months | Current |
| Raghav Swarup | Whole-Time Director | 15 Jul 2013 | 13 Years 3 Months | Current |
| Veena Agarwal Also directs: Himani Business Private Limited | Whole-Time Director | 02 Dec 2016 | 9 Years 11 Months | Current |
| Tarun Agrawal Also directs: Modi Rubber Limited | Director | 08 Apr 2024 | 2 Years 7 Months | Current |
Auditor
Tikaula Sugar Mills Limited is audited by RJAIN SHARMA & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RJAIN SHARMA & CO | FY 2025 | 032069C |
Shareholding
The shareholding of Tikaula Sugar Mills Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tikaula Sugar Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2025 | 101122438 | Others | ₹25 Lakh | Open | |
| 19 May 2025 | 101107266 | Others | ₹1.1 Cr | Open | |
| 16 Apr 2025 | 101091568 | Others | ₹20 Lakh | Open | |
| 26 Apr 2023 | 100716559 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 17 Feb 2023 | 100681038 | Hdfc Bank Limited | ₹50 Cr | Open |
To see the full charge records of Tikaula Sugar Mills Limited, buy the company report.
Total charge records: 83 View all charges
Deals & funding
Tikaula Sugar Mills Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2021.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Sudhish Prakash Irrecovable Family Trust Seller: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Tikaula Sugar Mills Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tikaula Sugar Mills Limited has 71 court cases on record: 44 filed by Tikaula Sugar Mills, 27 filed against it. 15 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 14 | 10 |
| Supreme Court | 13 | 7 | 4 |
| District courts | 8 | 6 | 1 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (FAFOD) | Filed by the company against United India Insurance Company Limited and 1 other | Pending |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against M/S Mawana Sugars Ltd Through Its Whole Time Director, A.K. Mehra Through Its Whole Time Director, A.K. Mehra 5Th Floor, Kirti Mahal, 19, Rajendra Place, New Delhi ,New Delhi , Delhi and 41 others | Pending |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against Dwarikesh Sugar Industries Ltd. Having Its Registered Office at 511, Maker Chamber V, 221, Nariman Pint, Mumbai, Unit Dwarikeshnagar, Unit Dwarikeshpuram, Unit Dwarikesh Dham, Through Its General Manager Shri Salil Arya ,Mumbai , Maharashtra and 5 others | Pending |
| Supreme Court | Court case (1807-0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL, Ordinary Civil Matters : Others) | Filed against the company by Dhampur Sugar Mills Ltd. Rep. THR Its Vice President S.K. Bhatnagar Dhampur (NR) , District: Dhampur ,Bijnor , Uttar Pradesh and 11 others | Disposed |
| Allahabad High Court | Writ petition | Filed against the company by M/S Jubilant Life Sciences Limited Thr.Shri Hariom Bhatnagar | Disposed |
To see the full case history of Tikaula Sugar Mills 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.
Credit ratings & regulatory alerts
Tikaula Sugar Mills Limited was last rated by Indiarating on 05 Sep 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 05 Sep 2023 |
To see the full credit ratings and regulatory alerts of Tikaula Sugar Mills Limited, buy the company report.
MSME payment delays
Tikaula Sugar Mills Limited has 10 MSME Form 1 returns on record between 2019 and 2022, listing 81 overdue payments to 28 micro and small suppliers. 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 (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Narendra Oxygen Private Limited | |||
| an individual supplier | |||
| Uttam Electric Store | |||
| Three Star Engineering Works Private Limited | |||
| Mittal Engineering Weldsafe Private Limited |
To see the full MSME payment records of Tikaula Sugar Mills Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tikaula Sugar Mills Limited has a workforce of 99 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 99 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 |
To see the full employee and EPFO history of Tikaula Sugar Mills Limited, buy the company report.
GST
Tikaula Sugar Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCT5815B1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tikaula Sugar Mills Limited, buy the company report.
Recent activity
Tikaula Sugar Mills Limited has 38 board changes on record since 1994: 23 appointments and 15 cessations. The latest: Nidhish Prakash ceased to be Managing Director on 09 Dec 2024.
201 earlier events are in the company report.
Frequently asked questions
Tikaula Sugar Mills is an active public limited company based in Muzaffarnagar, Uttar Pradesh, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 06 December 1994 (32+ years old) and is registered under CIN U01115UP1994PLC017253.
Tikaula Sugar Mills has 8 current directors:
- Sudhish Prakash - Managing Director
- Nirankar Swarup - Whole-Time Director
- Amit Swarup - Whole-Time Director
- Raghav Swarup - Whole-Time Director
- Veena Agarwal - Whole-Time Director
- Rampal Tayal - Whole-Time Director
- Tarun Agrawal - Director
- Suneel Kumar Garg - Director
The latest financial statements of Tikaula Sugar Mills 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 2015 are in the company report.
The GSTIN of Tikaula Sugar Mills is 09AACCT5815B1ZK, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Tikaula Sugar Mills is U01115UP1994PLC017253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tikaula Sugar Mills has 71 court cases on record: 44 filed by the company and 27 filed against it. 15 are pending. Most are in the high courts.
Tikaula Sugar Mills was incorporated on 06 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kanpur.
Tikaula Sugar Mills has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2021.
Nidhish Prakash ceased to be Managing Director on 09 Dec 2024. Suneel Kumar Garg was appointed as Director on 08 Apr 2024. Tarun Agrawal was appointed as Director on 08 Apr 2024. Tikaula Sugar Mills has 38 board changes on record in total.
Tikaula Sugar Mills has 10 MSME Form 1 returns on record between 2019 and 2022, listing 81 overdue payments to 28 micro and small suppliers. The latest return was filed on 07 Feb 2024.
Tikaula Sugar Mills can be reached through the website tikaula.in. Its registered office is in Muzaffarnagar, Uttar Pradesh, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
