Twentyone Sugars Limited
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 35 cases involving the company, including 16 filed by the company and 19 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.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Twentyone Sugars Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit 4 Peninsula Chambers Peninsula Corp. Park, G. K. Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryAgriculture, Sugar Processing
To see the full contact details of Twentyone 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 Twentyone Sugars is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Twentyone Sugars Limited, buy the company report.
Financials of Twentyone Sugars Limited
FY 2024 filings availableTwentyone Sugars Limited reported revenue of ₹806.81 Cr (up 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹215.71 Cr | ||||
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| Net Profit (PAT) | ₹8.16 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 | 26.7% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Twentyone Sugars Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaydev Jayant Barve | Director | 05 Dec 2021 | 4 Years 10 Months | Current |
| Monica Singh | Company Secretary | 24 Jul 2025 | 1 Years 3 Months | Current |
| Shailaja Lohar | Director | 31 Oct 2019 | 6 Years 11 Months | Current |
| Vijaykumar Govindrao Deshmukh Also directs: Twentyone Sugars (India) LLP | Director | 28 Feb 2018 | 8 Years 7 Months | Current |
| Anil Vaijnath Mahindrakar Also directs: Twentyone Sugars (India) LLP, Alkoplus Producers Private Limited | Director | 01 Jun 2019 | 7 Years 4 Months | Current |
| Vipin Pushpakrao Deshmukh Also directs: Twentyone Sugars (India) LLP, Alkoplus Producers Private Limited | Whole-Time Director | 10 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Twentyone Sugars Limited is audited by Naik Mehta & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Naik Mehta & Co. | FY 2024 | 124529W |
Shareholding
The shareholding of Twentyone Sugars Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Twentyone Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2025 | 101145462 | Others | ₹17.6 Cr | Open | |
| 29 Jul 2025 | 101137748 | Others | ₹17.93 Cr | Open | |
| 26 May 2025 | 101098017 | Others | ₹81.3 Cr | Open | |
| 26 May 2025 | 101097377 | Others | ₹22.75 Cr | Open | |
| 23 May 2025 | 101096739 | Others | ₹105 Cr | Open |
To see the full charge records of Twentyone Sugars Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
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.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Funding round | ₹75 Cr | Investors: Alkoplus Producers Private Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Jai Shri Rokdoba Sakhar Karkhana Limited |
| Aug 2022 | Funding round | ₹150 Cr | Investors: Alkoplus Producers Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Indo Enterprises Private Limited |
| Mar 2022 | Funding round | ₹28 Cr | Investors: Alkoplus Producers Private Limited |
To see the full deal history of Twentyone Sugars 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
Twentyone Sugars Limited has 35 court cases on record: 16 filed by Twentyone Sugars, 19 filed against it. 11 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 6 | 2 |
| District courts | 10 | 9 | 3 |
| NCLAT | 6 | 0 | 6 |
| NCLT | 4 | 1 | 0 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.M.A) | Filed by the company against Triveni Energy Solutions Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Union Bank of India and 4 others | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Geetanjali Sugars Pvt. Ltd in Consortium With M/S G.V Allurkar and 4 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Indian Renewable Energy Development Agency Limited and 4 others | Pending |
| Bombay High Court | Commercial suit | Filed by the company against Triveni Energy Solutions Limited | Disposed |
To see the full case history of Twentyone 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 Twentyone Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Twentyone Sugars Limited has a workforce of 1,581 employees on its EPFO records as of Jun 13, 2025, across 1 active EPFO establishment.
GST
Twentyone Sugars has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT9443Q1ZI | Maharashtra | Active | 09 Sep 2017 |
| 27AADCT9443Q2ZH | Maharashtra | Active | 07 Jun 2021 |
| 27AADCT9443Q3ZG | Maharashtra | Active | 25 Mar 2025 |
To see the full GST registrations and return filing status of Twentyone Sugars Limited, buy the company report.
Recent activity
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.
112 earlier events are in the company report.
Frequently asked questions
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 has 6 current directors and KMP:
- Vipin Pushpakrao Deshmukh - Whole-Time Director
- Jaydev Jayant Barve - Director
- Shailaja Lohar - Director
- Vijaykumar Govindrao Deshmukh - Director
- Anil Vaijnath Mahindrakar - Director
- Monica Singh - Company Secretary
The latest financial statements of Twentyone Sugars 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 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 35 court cases on record: 16 filed by the company and 19 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.
Monica Singh was appointed as Company Secretary on 24 Jul 2025. Nishita Rajeshkumar Gandhi ceased to be Company Secretary on 23 Jul 2025. Jaydev Jayant Barve was appointed as Director on 05 Dec 2021. Twentyone Sugars has 20 board changes on record in total.
The registered office of Twentyone Sugars is at Unit 4 Peninsula Chambers Peninsula Corp. Park, G. K. Marg Lower Parel, Mumbai, Maharashtra, India – 400013.