About Utopian Sugars Limited
Data last updated:
Utopian Sugars Limited is a public limited company based in Pandharpur, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 10 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2010PLC135737. Its GSTIN is 27AABCU2979A1ZD (Maharashtra).
The company has an authorised share capital of ₹77 Cr and a paid-up capital of ₹75.96 Cr. It was formerly known as Utopian Sugars Private Limited. It is led by directors including Mahesh Prabhakar Paricharak and Jayamilind Jagannath Kadam.
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 Gat No 64 Karad Road – Near Govt Warehouse; Isabavi, Pandharpur, Maharashtra, India – 413304.
As per the financials filed for FY 2021, the company reported a revenue of ₹194.02 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹17.82 Cr (net margin -9.2%) and EBITDA of ₹16.87 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 494 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹592.11 Cr and satisfied charges of ₹416 Cr on record. Court records list 16 cases involving the company, including 12 filed by the company and 5 filed against it; 5 cases are pending. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹75.95 Cr; the latest was in September 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utopiansugars.com.
Company details
CIN history
Utopian Sugars has one previous CIN (Corporate Identification Number): U15421PN2010PTC135737. The current CIN is U15421PN2010PLC135737, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15421PN2010PLC135737 | Current |
| U15421PN2010PTC135737 | Previous |
Contact details
Utopian Sugars Limited's registered office is in Pandharpur, Maharashtra. Its website is utopiansugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No 64 Karad Road – Near Govt Warehouse; Isabavi, Pandharpur, Maharashtra, India – 413304
- IndustryAgriculture, Sugar Processing
To see the full contact details of Utopian 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
Financials of Utopian Sugars Limited
FY 2023 filings availableUtopian Sugars Limited reported revenue of ₹194.02 Cr (up 15% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 15% growth in the latest year. EBITDA fell 49% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹194.02 Cr | ||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹16.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.82 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | -9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Utopian Sugars Limited, buy the company report.
Board of directors of Utopian Sugars Limited
Utopian Sugars has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Prabhakar Paricharak | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Jayamilind Jagannath Kadam | Director | 03 Feb 2016 | 10 Years 9 Months | Current |
| Atul Sadashiv More | Director | 03 Feb 2016 | 10 Years 9 Months | Current |
| Umesh Prabhakar Paricharak | Additional Director | 02 Feb 2022 | 4 Years 9 Months | Current |
Auditor
Utopian Sugars Limited is audited by A. H. KAULWAR & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. H. KAULWAR & CO. | FY 2021 | 131382W |
Shareholding
The shareholding of Utopian Sugars 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Utopian Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2025 | 101184947 | Others | ₹30 Cr | Open | |
| 25 Aug 2025 | 101165535 | Others | ₹15 Cr | Open | |
| 25 Mar 2025 | 101075753 | The Pandharpur Urban Co-Op. Bank Ltd. | ₹40 Cr | Open | |
| 18 Dec 2024 | 101036746 | Others | ₹70 Cr | Open | |
| 28 Nov 2024 | 101014252 | Others | ₹150 Cr | Open |
To see the full charge records of Utopian Sugars Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Utopian Sugars Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹75.95 Cr; the latest was in September 2014.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Funding round | ₹6.46 Cr | Investors: 2 individuals |
| Mar 2014 | Funding round | ₹3.22 Cr | Investors: 4 individuals |
| Feb 2014 | Funding round | ₹38.97 Cr | Investors: Other Preference Shareholders - Utopian Sugars Limited |
| Jan 2014 | Funding round | ₹1.29 Cr | Investors: 4 individuals |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
To see the full deal history of Utopian 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
Utopian Sugars Limited has 16 court cases on record: 12 filed by Utopian Sugars, 5 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 6 | 2 | 5 |
| NCLAT | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court IV | Tribunal matter | Filed against the company by Mahesh Paricharak Suspended Director of M/S Utopian Sugars Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Union Bank of India Limited | Disposed |
| NCLAT, Court IV | Tribunal matter | Filed by the company against Ritesh R. Mahajan (Interim Resolution Professional for M/S Utopian Sugars Limited) and 1 other | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Utopian 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.
Credit ratings & regulatory alerts
Utopian Sugars Limited was last rated by Care on 06 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Feb 2026 |
To see the full credit ratings and regulatory alerts of Utopian Sugars Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Utopian Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Utopian Sugars Limited has a workforce of 494 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Utopian Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU2979A1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Utopian Sugars Limited, buy the company report.
Recent activity
Utopian Sugars Limited has 12 board changes on record since 2011: 4 appointments and 8 cessations. The latest: Umesh Prabhakar Paricharak was appointed as Additional Director on 02 Feb 2022.
31 earlier events are in the company report.
Frequently asked questions
Utopian Sugars is an active public limited company based in Pandharpur, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 10 March 2010 (16+ years old) and is registered under CIN U15421PN2010PLC135737.
Utopian Sugars has 4 current directors:
- Mahesh Prabhakar Paricharak - Director
- Jayamilind Jagannath Kadam - Director
- Atul Sadashiv More - Director
- Umesh Prabhakar Paricharak - Additional Director
The latest financial statements of Utopian Sugars 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 Utopian Sugars is 27AABCU2979A1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Utopian Sugars is U15421PN2010PLC135737. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utopian Sugars has 16 court cases on record: 12 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Utopian Sugars was incorporated on 10 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Utopian Sugars has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹75.95 Cr; the latest was in September 2014.
Umesh Prabhakar Paricharak was appointed as Additional Director on 02 Feb 2022. Umesh Prabhakar Paricharak ceased to be Director on 31 Oct 2021. Uttam Vishwasrao Patil ceased to be Managing Director on 11 Aug 2020. Utopian Sugars has 12 board changes on record in total.
Utopian Sugars can be reached through the website utopiansugars.com. Its registered office is in Pandharpur, Maharashtra, India.
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