Tungbhadra Sugar Works Limited
About Tungbhadra Sugar Works Limited
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Tungbhadra Sugar Works Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 24 September 1957 and has been in existence for over 69 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH1957PLC010943. Its GSTIN is 29AADCT4141P1ZV (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Palaniappan Manivelan (Managing Director) and Manivelan Vijayachamundeshwari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at G – C – 1 C Wing Ground Floor Gundecha Onclave Kherani Road Sakinaka Andheri – East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.34 Cr. For the same year it recorded a net loss of ₹26.03 Lakh (net margin -7.8%) and EBITDA of -₹12.02 Lakh (EBITDA margin -3.6%). Revenue has grown at a compounded annual rate (CAGR) of 93% over five years.
Court records list 24 cases involving the company, including 10 filed by the company and 14 filed against it; 13 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Tungbhadra Sugar Works has one previous CIN (Corporate Identification Number): U99999MH1957PLC010943. The current CIN is U74110MH1957PLC010943, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH1957PLC010943 | Current |
| U99999MH1957PLC010943 | Previous |
Contact details
Tungbhadra Sugar Works Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – C – 1 C Wing Ground Floor Gundecha Onclave Kherani Road Sakinaka Andheri – East, Mumbai, Maharashtra, India – 400072
- IndustryAgriculture, Sugar Processing
To see the full contact details of Tungbhadra Sugar Works 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 Tungbhadra Sugar Works is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Tungbhadra Sugar Works Limited, buy the company report.
Financials of Tungbhadra Sugar Works Limited
FY 2024 filings availableTungbhadra Sugar Works Limited reported revenue of ₹3.34 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 93% over five years. EBITDA rose 94% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26.03 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.6% | ||||
| Net Profit Margin | -7.8% | ||||
| 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 Tungbhadra Sugar Works Limited, buy the company report.
Board of directors of Tungbhadra Sugar Works Limited
Tungbhadra Sugar Works has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manivelan Vijayachamundeshwari Also directs: Avm Shelters Private Limited | Director | 20 Jun 2017 | 9 Years 4 Months | Current |
| Suresh Kumar Rai Also directs: Thunga Retreat Private Limited | Director | 26 Dec 2009 | 16 Years 10 Months | Current |
| Palaniappan Manivelan | Managing Director | 12 Oct 2009 | 17 Years 0 Months | Current |
| Chinnasamy Ravichandran | Director | 12 Oct 2009 | 17 Years 0 Months | Current |
| Umamaheswari Also directs: Avm Shelters Private Limited, Kuber Housing Investment and Finance Pvt Ltd, Avm Tea and Agro Products Limited and 1 more | Director | 30 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Tungbhadra Sugar Works Limited is audited by AIMV & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AIMV & Associates | FY 2022 | 114173W |
Shareholding
The shareholding of Tungbhadra Sugar Works Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tungbhadra Sugar Works Limited, buy the company report.
Legal cases
Tungbhadra Sugar Works Limited has 24 court cases on record: 10 filed by Tungbhadra Sugar Works, 14 filed against it. 13 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 2 | 5 |
| District courts | 10 | 10 | 8 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| High Court | Writ petition | Filed against the company by individuals | Pending |
| High Court | Writ petition | Filed by the company against The State of Karnataka and 133 others | Pending |
| District court, SHIVAMOGGA, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, SHIVAMOGGA, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Tungbhadra Sugar Works 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 Tungbhadra Sugar Works Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tungbhadra Sugar Works has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT4141P1ZV | Karnataka | Active | 11 Oct 2018 |
To see the full GST registrations and return filing status of Tungbhadra Sugar Works Limited, buy the company report.
Recent activity
Tungbhadra Sugar Works Limited has 14 board changes on record since 2009: 5 appointments and 9 cessations. The latest: Umamaheswari was appointed as Director on 30 Sep 2018.
5 earlier events are in the company report.
Frequently asked questions
Tungbhadra Sugar Works is an active public limited company based in Mumbai, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 24 September 1957 (69+ years old) and is registered under CIN U74110MH1957PLC010943.
Tungbhadra Sugar Works has 5 current directors:
- Palaniappan Manivelan - Managing Director
- Manivelan Vijayachamundeshwari - Director
- Suresh Kumar Rai - Director
- Chinnasamy Ravichandran - Director
- Umamaheswari - Director
The latest financial statements of Tungbhadra Sugar Works on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Tungbhadra Sugar Works is 29AADCT4141P1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Tungbhadra Sugar Works is U74110MH1957PLC010943. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tungbhadra Sugar Works has 24 court cases on record: 10 filed by the company and 14 filed against it. 13 are pending. Most are in the high courts.
Tungbhadra Sugar Works was incorporated on 24 September 1957, making it 69+ years old. It is registered with the Registrar of Companies, Mumbai.
Umamaheswari was appointed as Director on 30 Sep 2018. Pramod Narsingha Anaokar ceased to be Director on 17 Mar 2018. Manivelan Vijayachamundeshwari was appointed as Director on 20 Jun 2017. Tungbhadra Sugar Works has 14 board changes on record in total.
The registered office of Tungbhadra Sugar Works is at G – C – 1 C Wing Ground Floor Gundecha Onclave Kherani Road Sakinaka Andheri – East, Mumbai, Maharashtra, India – 400072.
Tungbhadra Sugar Works operates in the agriculture industry, in the sugar processing segment.
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