About Usher Agro Limited
Data last updated:
Usher Agro Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the staple foods and grains segment of the food and beverages sector. It was incorporated on 20 June 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L01100MH1996PLC100380. Its GSTIN is 09AAACU1095N1ZW (Uttar Pradesh). The company held 7 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Mar 2020 · winding up and from BSE on 19 Oct 2020 · compulsory delisting, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹80 Cr and a paid-up capital of ₹77.67 Cr. It was led by director Vinodkumar Murarilal Chaturvedi (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 212 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2018, the company reported a revenue of ₹80.81 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹1,088.4 Cr and EBITDA of -₹792.75 Cr.
The company had about 33 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Usher Agro. As per MCA filings, the company had open charges of ₹2,435.43 Cr and satisfied charges of ₹966.25 Cr on record. Court records list 99 cases involving the company, including 32 filed by the company and 68 filed against it; 34 cases are pending. The company has 163 deals on record (160 market trades, 1 ipo, 1 qip); the latest was in November 2016. Its 7 peer companies in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 5 smaller; the largest is Mahavir Roller Flour Mills Private Limited with revenue of ₹81.01 Cr.
The last known website on record is usheragro.com.
Company details
CIN history
Usher Agro has one previous CIN (Corporate Identification Number): U01100MH1996PLC100380. The current CIN is L01100MH1996PLC100380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01100MH1996PLC100380 | Current |
| U01100MH1996PLC100380 | Previous |
Contact details
Usher Agro Limited's registered office is in Mumbai, Maharashtra. Its website is usheragro.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address212 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Usher Agro 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
Brands
Usher Agro operates one associated brand: Usher Agro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Processed rice and wheat products are manufactured by Usher Agro. | usheragro.com |
Business activity
The main business activity of Usher Agro is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Usher Agro Limited, buy the company report.
Financials of Usher Agro Limited
FY 2018 filings availableUsher Agro Limited reported revenue of ₹80.81 Cr (down 82% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 82% in the latest year. EBITDA fell 125% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹80.81 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹792.75 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1,088.4 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Usher Agro Limited, buy the company report.
Board of directors of Usher Agro Limited
Usher Agro has 1 current director and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinodkumar Murarilal Chaturvedi Also directs: Usher Infra Logic Limited | Managing Director | 30 Dec 2000 | 25 Years 9 Months | As last reported |
Peer comparison
Usher Agro Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahavir Roller Flour Mills Private Limited | ₹81.01 Cr (FY 2025) | 0.0% | Haldwani, Uttarakhand, India | |||
| Bhadreswar Agro Udyog Private Limited | ₹80.82 Cr (FY 2025) | 13.0% | Burdwan, West Bengal, India | |||
| Usher Agro Limitedthis company | ₹80.81 Cr (FY 2018) | -₹1,088.4 Cr | -82.0% | 33 | Mumbai, Maharashtra, India | |
| Alpenno Pulses Private Limited | ₹80.63 Cr (FY 2025) | -26.0% | Sri Ganganagar, Rajasthan, India | |||
| Bhagudev Flour Mills Private Limited | ₹80.63 Cr (FY 2025) | -4.0% | Moraiya, Gujarat, India | |||
| Radhe Agro Industries India Private Limited | ₹80.48 Cr (FY 2024) | 29.0% | Raichur, Karnataka, India | |||
| Mangaldeep Rice Mill Private Limited | ₹80.27 Cr (FY 2025) | 69.0% | Chauradano, Bihar, India | |||
| Sree Skandha Food Processing (India) Private Limited | ₹80.22 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Usher Agro Limited, buy the company report.
Auditor
Usher Agro Limited is audited by JAYESH SANGHRAJKA & CO LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH SANGHRAJKA & CO LLP | FY 2018 | 104184W |
Shareholding
The shareholding of Usher Agro Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Usher Agro Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2016 | 100047270 | Idbi Trusteeship Services Limited | ₹50.33 Cr | Open | |
| 18 Dec 2015 | 10613045 | Bank of Maharashtra | ₹30 Cr | Open | |
| 09 Nov 2015 | 100020745 | United Bank of India | ₹5 Cr | Open | |
| 01 Sep 2015 | 10589058 | Idbi Bank Limited | ₹15 Cr | Open | |
| 15 Apr 2015 | 10564656 | Icici Bank Limited | ₹25 Cr | Open |
To see the full charge records of Usher Agro Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Usher Agro Limited has 163 deals on record (160 market trades, 1 ipo, 1 qip); the latest was in November 2016.
Deals on record (5 of 163)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Market trade | ₹1.04 Cr | Buyer: Gryffin Advisory Services Private Limited |
| Jan 2012 | Market trade | ₹1.88 Cr | Buyer: Vrise Securities Private Limited Seller: JM Financial Products Limited , Vrise Securities Private Limited |
| Nov 2011 | Market trade | ₹1.58 Cr | Seller: Raga Finvest Limited |
| Nov 2011 | Market trade | ₹2.22 Cr | Buyer: Raga Finvest Limited |
| Jun 2011 | Market trade | ₹5.25 Cr | Buyer: KKM Enterprises Private Limited Seller: Explicit Finance Limited |
To see the full deal history of Usher Agro 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
Usher Agro Limited has 99 court cases on record: 32 filed by Usher Agro, 68 filed against it. 34 cases are pending and 65 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 71 | 57 | 20 |
| High courts | 26 | 10 | 13 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, KOLAR, Karnataka | Execution petition | Filed against the company by M/S Fowler Westrup India Private Limited | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Pec Ltd | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Cholamandalam Investment and Finance Company Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Cholamandalam Investment and Finance Co Ltd Rep by Its Power of Attorney Mr D Vimalan | Disposed |
| District court, Panipat, Haryana | Court case (Transfer Application) | Filed against the company by Manoj Pathak S/O Murari Lal Director/Authrorized Signatory of M/S Usher Agro Limited | Disposed |
To see the full case history of Usher Agro 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 Usher Agro Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Usher Agro has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Usher Eco Power Limited | U40102MH2007PLC172552 |
To see the full group structure of Usher Agro Limited, buy the company report.
Employees & EPFO
Usher Agro Limited has a workforce of 33 employees on its EPFO records as of Apr 07, 2024, across 4 active EPFO establishments.
GST
Usher Agro has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACU1095N1ZW | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Usher Agro Limited, buy the company report.
Recent activity
Usher Agro Limited has 29 board changes on record since 2000: 15 appointments and 14 cessations. The latest: Shikha Sethia Bhura ceased to be Director on 28 Oct 2017.
115 earlier events are in the company report.
Frequently asked questions
Usher Agro has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Usher Agro was a public limited company based in Mumbai, Maharashtra, India. The company worked in staple foods and grains, within the food and beverages industry. It was incorporated on 20 June 1996 and is registered under CIN L01100MH1996PLC100380. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Usher Agro was incorporated on 20 June 1996. It is registered with the Registrar of Companies, Mumbai.
Usher Agro had 1 director:
- Vinodkumar Murarilal Chaturvedi - Managing Director
The CIN (Corporate Identification Number) of Usher Agro is L01100MH1996PLC100380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usher Agro is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Mar 2020 · winding up and from BSE on 19 Oct 2020 · compulsory delisting, and no longer trade on a stock exchange.
The registered office of Usher Agro is at 212 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
Usher Agro can be reached through the website usheragro.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Usher Agro on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Usher Agro is 09AAACU1095N1ZW, registered in Uttar Pradesh. The company has 7 GST registrations in all, of which 1 is active and 6 are cancelled or inactive.
Usher Agro operated in the food and beverages industry, in the staple foods and grains segment.