Twentyone Sugars Limited

Twentyone Sugars Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U15122MH2011PLC221355 Incorporated 26 August 2011 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company agriculture
Data last updated
Revenue · FY 2025
₹806.81 Cr
▲ 96% YoY
Net profit · FY 2025
₹8.16 Cr
Net margin 1%
EBITDA · FY 2025
₹215.71 Cr
EBITDA margin 26.7%
Authorised capital
₹212 Cr
Registered with MCA
Paid-up capital
₹207.49 Cr
Issued & subscribed
Open charges
₹2,425.23 Cr
Satisfied ₹1,487.53 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
1,581
Provident fund records

About Twentyone Sugars Limited

Data last updated:

Twentyone Sugars Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Alkoplus Producers Private Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 26 August 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15122MH2011PLC221355. Its GSTIN is 27AADCT9443Q1ZI (Maharashtra). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹212 Cr and a paid-up capital of ₹207.49 Cr. It is led by directors including Vipin Pushpakrao Deshmukh (Whole-Time Director) and Jaydev Jayant Barve.

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 Park, Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹806.81 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹8.16 Cr (net margin 1%) and EBITDA of ₹215.71 Cr (EBITDA margin 26.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 314% over five years.

The company has about 1,581 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹2,425.23 Cr and satisfied charges of ₹1,487.53 Cr on record. Court records list 29 cases involving the company, including 13 filed by the company and 7 filed against it; 11 cases are pending. The company has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹471.61 Cr; the latest was in March 2025. Its 10 peer companies in the Agriculture industry (Sugar) are compared by revenue, 5 larger and 5 smaller; the largest is Jay Shree Tea and Industries Limited with revenue of ₹920.1 Cr.

The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of Twentyone Sugars Limited
CIN U15122MH2011PLC221355
Registration Number 221355
Incorporation Date 26 August 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Alkoplus Producers Private Limited
Compliance Status Active Compliant
Key People
Vipin Pushpakrao Deshmukh Whole-Time Director Jaydev Jayant Barve Director Monica Singh Company Secretary
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Unit 4 Peninsula Chambers Peninsula Corp. Park, G. K. Marg Lower Parel, Mumbai, Maharashtra, India – 400013
  • Industry
    Agriculture, Sugar Processing
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Financials, compliance, directors, charges, ownership and filings for Twentyone Sugars Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Twentyone Sugars Limited

The main business activity of Twentyone Sugars is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Twentyone Sugars Limited FY 2024 filings available

Twentyone Sugars Limited reported revenue of ₹806.81 Cr (up 96% YoY) for FY 2025.

Revenue · FY 2025
₹806.81 Cr ▲ 96%
Net profit · FY 2025
₹8.16 Cr margin 1%
EBITDA · FY 2025
₹215.71 Cr margin 26.7%

Compounded Annual Growth Rate (CAGR) of Twentyone Sugars Limited

Revenue CAGR growth
1 year
▲ 96%
3 years · compounded
▲ 5%
5 years · compounded
▲ 314%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 34%
5 years · compounded
▲ 240%

Revenue has grown at a compounded annual rate (CAGR) of 314% over five years, including 96% growth in the latest year. EBITDA rose 35% 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 Twentyone Sugars Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹215.71 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹8.16 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 of Twentyone Sugars Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin26.7%••••••••••••••••
Net Profit Margin1%••••••••••••••••
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 Twentyone Sugars are in the company report.

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Financial statements from 2015

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Peer Comparison of Twentyone Sugars Limited

Twentyone 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jay Shree Tea and Industries Limited Listed₹920.1 Cr (FY 2025)••••••••11.0%••••Kolkata, West Bengal, India
Piccadily Agro Industries Limited Listed₹892.81 Cr (FY 2025)••••••••8.0%••••Nilokheri, Haryana, India
Upper Ganges Sugar and Industries Limited₹844.64 Cr (FY 2016)••••••••-2.0%••••U.P., Uttar Pradesh, India
Shri Prabhulingeshwar Sugars and Chemicals Limited₹836.11 Cr (FY 2025)••••••••9.0%••••Siddapur, Karnataka, India
Harinagar Sugar Mills Limited₹814.97 Cr (FY 2025)••••••••1.0%••••Mumbai, Maharashtra, India
Twentyone Sugars Limited this company₹806.81 Cr (FY 2025)••••••••96.0%••••Mumbai, Maharashtra, India
The Seksaria Biswan Sugar Factory Limiited₹796.13 Cr (FY 2025)••••••••13.0%••••Mumbai, Maharashtra, India
Gobind Sugar Mills Ltd.₹792.2 Cr (FY 2021)••••••••28.0%••••Kamla Nagar, Delhi, India
Rajshree Sugars & Chemicals Limited Listed₹776.38 Cr (FY 2024)••••••••0.0%••••Coimbatore South, Tamil Nadu, India
K.P.R. Sugar Mill Limited₹749.64 Cr (FY 2025)••••••••-19.0%••••Coimbatore, Tamil Nadu, India
Saraswati Sugar Mills Limited₹749.24 Cr (FY 2025)••••••••-9.0%••••Haryana, India

Peers are the five companies nearest above and the five nearest below Twentyone 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 Twentyone Sugars Limited

Twentyone Sugars Limited is audited by Naik Mehta & Co. for the financial year 2024.

NameStatusAppointment DateCessation Date
Naik Mehta & Co.LockedLockedLocked
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Board of Directors and KMP of Twentyone Sugars Limited

Twentyone Sugars Limited currently reports 5 directors and 1 key managerial person. 14 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Jaydev Jayant Barve
Also directs: Barva Naturals Private Limited, Youthopia Private Limited, Naturecare Fertilizers Private Limited
Director05 Dec 20214 Years 10 MonthsCurrent
Monica Singh
Also directs: Uprise Investment Private Limited, Frame Wing Investment Private Limited, Small Biz Wisdom Investment Private Limited
Company Secretary24 Jul 20251 Years 2 MonthsCurrent
Shailaja LoharDirector31 Oct 20196 Years 11 MonthsCurrent
Vijaykumar Govindrao Deshmukh
Also directs: Twentyone Sugars (India) LLP
Director28 Feb 20188 Years 7 MonthsCurrent
Anil Vaijnath Mahindrakar
Also directs: Twentyone Sugars (India) LLP, Alkoplus Producers Private Limited
Director01 Jun 20197 Years 4 MonthsCurrent
Vipin Pushpakrao Deshmukh
Also directs: Twentyone Sugars (India) LLP, Alkoplus Producers Private Limited
Whole-Time Director10 Mar 20188 Years 6 MonthsCurrent
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Ownership and Shareholding of Twentyone Sugars Limited

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Charges & Borrowings of Twentyone Sugars Limited

Open charges
₹2,425.23 Cr
Satisfied charges
₹1,487.53 Cr
Breakdown by lending institutions
Others₹2,393.49 Cr
Govt. of India Ministry of Consumer Affairs Fpd₹14.27 Cr
Andhra Bank₹14.00 Cr
Hdfc Bank Limited₹2.47 Cr
Axis Bank Limited₹1.00 Cr
Latest charge details
DateLenderAmountStatus
29 Jul 2025Others₹17.6 CrOpen
29 Jul 2025Others₹17.93 CrOpen
26 May 2025Others₹81.3 CrOpen
26 May 2025Others₹22.75 CrOpen
23 May 2025Others₹105 CrOpen

Total charge records: 65 View all charges

Deals & Funding of Twentyone Sugars Limited

Twentyone Sugars Limited has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹471.61 Cr; the latest was in March 2025.

Total deals
13
Funding rounds
8
Secondary share transfers
5
Disclosed funding
₹471.61 Cr

Deals on record (5 of 13)

WhenDealAmountParties
Mar 2025Funding round₹75 CrInvestors: Alkoplus Producers Private Limited
Mar 2024Secondary share transferUndisclosedSeller: Jai Shri Rokdoba Sakhar Karkhana Limited
Aug 2022Funding round₹150 CrInvestors: Alkoplus Producers Private Limited
Mar 2022Secondary share transferUndisclosedSeller: Indo Enterprises Private Limited
Mar 2022Funding round₹28 CrInvestors: Alkoplus Producers Private Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Twentyone Sugars Limited

Twentyone Sugars Limited has a workforce of 1,581 employees as of Jun 13, 2025.

Employee count
1,581
Active EPFO establishments
1
Employee growth
10.64%
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Employee and EPFO history

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Recent Activity on Twentyone Sugars Limited

Twentyone Sugars Limited has 20 board changes on record since 2011: 6 appointments and 14 cessations. The latest: Monica Singh was appointed as Company Secretary on 24 Jul 2025.

Charges
A charge with Others of Rs. 81.30 Cr registered on 26 May 2025 with Charge ID 101098017 was modified on 15 Sep 2025.
Charges
A charge with Others of Rs. 105.00 Cr registered on 23 May 2025 with Charge ID 101096739 was modified on 15 Sep 2025.
Charges
A charge with Others amounted to Rs. 17.60 Cr with Charge ID 101145462 was registered on 29 Jul 2025.
Charges
A charge with Others amounted to Rs. 17.93 Cr with Charge ID 101137748 was registered on 29 Jul 2025.
Appointed
Monica Singh was appointed as Company Secretary.
Ceased
Nishita Rajeshkumar Gandhi ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 22.75 Cr with Charge ID 101097377 was registered on 26 May 2025.
Charges
A charge with Others amounted to Rs. 81.30 Cr with Charge ID 101098017 was registered on 26 May 2025.
Charges
A charge with Others amounted to Rs. 105.00 Cr with Charge ID 101096739 was registered on 23 May 2025.
Charges
A charge registered on 14 Jun 2024 via Charge ID 100933010 with Others was fully satisfied on 27 Mar 2025.
Charges
A charge registered on 18 Jun 2024 via Charge ID 100934794 with Others was fully satisfied on 25 Mar 2025.
Charges
A charge registered on 18 Jun 2024 via Charge ID 100934753 with Others was fully satisfied on 07 Feb 2025.

112 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Twentyone Sugars Limited

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MSME Payment Delays by Twentyone Sugars Limited

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Subsidiaries & Group Companies of Twentyone Sugars Limited

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GST Compliance of Twentyone Sugars Limited

Twentyone Sugars has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AADCT9443Q1ZIMaharashtraActive09 Sep 2017
27AADCT9443Q2ZHMaharashtraActive07 Jun 2021
27AADCT9443Q3ZGMaharashtraActive25 Mar 2025
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MCA Filings & Documents of Twentyone Sugars Limited

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Frequently Asked Questions about Twentyone Sugars Limited

Twentyone Sugars 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 26 August 2011 (15+ years old) and is registered under CIN U15122MH2011PLC221355.

Twentyone Sugars reported revenue of ₹806.81 Cr for FY 2025 (up 96% YoY).

Twentyone Sugars has 6 current directors and KMP:

Twentyone Sugars reported a net profit of ₹8.16 Cr (net margin 1%) and EBITDA of ₹215.71 Cr (EBITDA margin 26.7%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Twentyone Sugars is 5% over three years and 314% over five years. In the latest year (FY 2025) revenue rose 96%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Twentyone Sugars is 27AADCT9443Q1ZI, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AADCT9443Q2ZH (Maharashtra), 27AADCT9443Q3ZG (Maharashtra).

The CIN (Corporate Identification Number) of Twentyone Sugars is U15122MH2011PLC221355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Twentyone Sugars has 29 court cases on record: 13 filed by the company and 7 filed against it. 11 are pending. Most are in the high courts.

Twentyone Sugars was incorporated on 26 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.

Twentyone Sugars has 13 deals on record (8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹471.61 Cr; the latest was in March 2025.

The peers of Twentyone Sugars by revenue are Jay Shree Tea and Industries Limited, Piccadily Agro Industries Limited, Upper Ganges Sugar and Industries Limited, Shri Prabhulingeshwar Sugars and Chemicals Limited, Harinagar Sugar Mills Limited and 5 more, all in the Agriculture industry (Sugar).

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