Shri Gajanan Maharaj Sugar Limited
About Shri Gajanan Maharaj Sugar Limited
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Shri Gajanan Maharaj Sugar Limited is a public limited company based in Pune, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 23 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2012PLC143068. Its GSTIN is 27AABCU4757C1ZD (Maharashtra).
The company has an authorised share capital of ₹56 Cr and a paid-up capital of ₹50.45 Cr. It was formerly known as Utech Sugar Limited and Utech Sugar Private Limited. It is led by directors including Ravindra Purushottam Birole (Managing Director) and Ramdas Murlidhar Shejul.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Anant Residency 1st Floor 2054 Sadashiv Peth Tilak Road, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2023, the company reported a revenue of ₹154.93 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹57.89 Lakh (net margin -0.4%) and EBITDA of ₹12.78 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 16% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹184.66 Cr and satisfied charges of ₹67.37 Cr on record. Court records list 98 cases involving the company, including 67 filed by the company and 32 filed against it; 61 cases are pending. The company has 13 deals on record (12 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.44 Cr; the latest was in February 2021. Its 5 peer companies in the Agriculture industry (Sugar, Transmission and Distribution), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 3 smaller; the largest is Onkar Sakhar Karkhana Private Limited with revenue of ₹156.21 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Shri Gajanan Maharaj Sugar has undergone 2 name changes throughout its history. The company was previously known as Utech Sugar Limited, and Utech Sugar Private Limited. The current legal name is Shri Gajanan Maharaj Sugar Limited.
| Company Name | Status |
|---|---|
| Shri Gajanan Maharaj Sugar Limited | Current |
| Utech Sugar Limited | Previous |
| Utech Sugar Private Limited | Previous |
CIN history
Shri Gajanan Maharaj Sugar has one previous CIN (Corporate Identification Number): U15421PN2012PTC143068. The current CIN is U15421PN2012PLC143068, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15421PN2012PLC143068 | Current |
| U15421PN2012PTC143068 | Previous |
Contact details
Shri Gajanan Maharaj Sugar Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAnant Residency 1st Floor 2054 Sadashiv Peth Tilak Road, Pune, Maharashtra, India – 411030
- IndustryAgriculture, Sugar Processing
To see the full contact details of Shri Gajanan Maharaj Sugar 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 activities of Shri Gajanan Maharaj Sugar are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Financials of Shri Gajanan Maharaj Sugar Limited
FY 2023 filings availableShri Gajanan Maharaj Sugar Limited reported revenue of ₹154.93 Cr (down 13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 47% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹12.78 Cr | ||||
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| Net Profit (PAT) | -₹57.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | -0.4% | ||||
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To see the full financial statements and ratios of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Board of directors of Shri Gajanan Maharaj Sugar Limited
Shri Gajanan Maharaj Sugar has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramdas Murlidhar Shejul | Director | 26 Nov 2018 | 7 Years 10 Months | Current |
| Ashwini Ravindra Birole Also directs: Rama Agro Foods Private Limited | Director | 23 Apr 2012 | 14 Years 6 Months | Current |
| Shantanu Ravindra Birole | Director | 30 Mar 2013 | 13 Years 6 Months | Current |
| Ramrao Sambhajirao Thorat Also directs: S.R.Thorat Milk Products Private Limited | Director | 12 Mar 2014 | 12 Years 7 Months | Current |
| Kerubapu Pandhrinath Magar | Director | 11 Jan 2022 | 4 Years 9 Months | Current |
| Kolasesubhashramkrishna | Director | 11 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Shri Gajanan Maharaj Sugar Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Sugar, Transmission and Distribution), 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 |
|---|---|---|---|---|---|---|
| Onkar Sakhar Karkhana Private Limited | ₹156.21 Cr (FY 2024) | 102.0% | Pune, Maharashtra, India | |||
| M.V.K. Agro Food Product Limited | ₹155.8 Cr (FY 2025) | 8.0% | Umari, Maharashtra, India | |||
| Shri Gajanan Maharaj Sugar Limitedthis company | ₹154.93 Cr (FY 2023) | -₹57.89 Lakh | -0.4% | -13.0% | 72 | Pune, Maharashtra, India |
| Hanumant Sugars Private Limited | ₹154.41 Cr (FY 2025) | 75.0% | Indore, Madhya Pradesh, India | |||
| Kichha Sugar Company Limited | ₹151.28 Cr (FY 2025) | -8.0% | Uttarakhand, India | |||
| New Phaltan Sugar Works Distillery Division Limited | ₹150.1 Cr (FY 2024) | 5.0% | Pune, Maharashtra, India |
To see the full peer comparison of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Auditor
Shri Gajanan Maharaj Sugar Limited is audited by Rahul Punde & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rahul Punde & Company | FY 2022 | 124049W |
Shareholding
The shareholding of Shri Gajanan Maharaj Sugar Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2023 | 100786378 | Others | ₹5 Cr | Open | |
| 20 Jul 2023 | 100775257 | Others | ₹45 Cr | Open | |
| 12 Oct 2018 | 100209037 | Others | ₹18.48 Cr | Open | |
| 19 Jul 2017 | 100111994 | Others | ₹12 Cr | Open | |
| 14 Dec 2016 | 100085424 | Others | ₹47.18 Cr | Open |
To see the full charge records of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Shri Gajanan Maharaj Sugar Limited has 13 deals on record (12 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.44 Cr; the latest was in February 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2017 | Funding round | ₹15.07 Cr | Investors: Rama Agro Foods Private Limited , 3 individuals |
| Mar 2016 | Funding round | ₹9.4 Cr | Investors: Rama Agro Foods Private Limited , 3 individuals |
| Mar 2014 | Funding round | ₹8.87 Cr | Investors: Utech Engineering Works (lndia) Private Limited, Rama Agro Foods Private Limited , 2 individuals |
| Mar 2013 | Funding round | ₹2.95 Cr | Investors: Rama Agro Foods Private Limited , 3 individuals |
To see the full deal history of Shri Gajanan Maharaj Sugar 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
Shri Gajanan Maharaj Sugar Limited has 98 court cases on record: 67 filed by Shri Gajanan Maharaj Sugar, 32 filed against it. 61 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 88 | 27 | 56 |
| High courts | 5 | 1 | 1 |
| NCLAT | 3 | 3 | 3 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Arbitration matter | Filed against the company by Swaraj Steel Wire Ropes India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Tata International Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Tata International Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by Garden Court Distilleries Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Indian Sugar Exim Corporation Ltd Through Its Authorized Bhushan Desale | Pending |
To see the full case history of Shri Gajanan Maharaj Sugar 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 Shri Gajanan Maharaj Sugar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shri Gajanan Maharaj Sugar Limited has a workforce of 72 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Shri Gajanan Maharaj Sugar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU4757C1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shri Gajanan Maharaj Sugar Limited, buy the company report.
Recent activity
Shri Gajanan Maharaj Sugar Limited has 15 board changes on record since 2012: 7 appointments and 8 cessations. The latest: Kerubapu Pandhrinath Magar was appointed as Director on 11 Jan 2022.
18 earlier events are in the company report.
Frequently asked questions
Shri Gajanan Maharaj Sugar is an active public limited company based in Pune, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 23 April 2012 (14+ years old) and is registered under CIN U15421PN2012PLC143068.
Shri Gajanan Maharaj Sugar has 7 current directors:
- Ravindra Purushottam Birole - Managing Director
- Ramdas Murlidhar Shejul - Director
- Ashwini Ravindra Birole - Director
- Shantanu Ravindra Birole - Director
- Ramrao Sambhajirao Thorat - Director
- Kerubapu Pandhrinath Magar - Director
- Kolasesubhashramkrishna - Director
The latest financial statements of Shri Gajanan Maharaj Sugar on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Shri Gajanan Maharaj Sugar is 27AABCU4757C1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shri Gajanan Maharaj Sugar is U15421PN2012PLC143068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shri Gajanan Maharaj Sugar has 98 court cases on record: 67 filed by the company and 32 filed against it. 61 are pending. Most are in the district courts.
Shri Gajanan Maharaj Sugar was incorporated on 23 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
Shri Gajanan Maharaj Sugar has 13 deals on record (12 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.44 Cr; the latest was in February 2021.
The peers of Shri Gajanan Maharaj Sugar by revenue are Onkar Sakhar Karkhana Private Limited, M.V.K. Agro Food Product Limited, Hanumant Sugars Private Limited, Kichha Sugar Company Limited, New Phaltan Sugar Works Distillery Division Limited, all in the Agriculture industry (Sugar, Transmission and Distribution), with the same principal business activity (food, beverages and tobacco products).
Kerubapu Pandhrinath Magar was appointed as Director on 11 Jan 2022. Kolasesubhashramkrishna was appointed as Director on 11 Jan 2022. Eknath Bhaurao Nagre ceased to be Director on 19 Mar 2021. Shri Gajanan Maharaj Sugar has 15 board changes on record in total.
The registered office of Shri Gajanan Maharaj Sugar is at Anant Residency 1st Floor 2054 Sadashiv Peth Tilak Road, Pune, Maharashtra, India – 411030.