About Vitthal Corporation Limited
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Vitthal Corporation 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 09 October 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17120PN1998PLC012939. Its GSTIN is 27AACCV5742M1ZV (Maharashtra).
The company has an authorised share capital of ₹43 Cr and a paid-up capital of ₹42.15 Cr. It was formerly known as Vithal Sugars Manufacturing Limited. It is led by directors including Yashwant Sanjay Shinde (Managing Director) and Pravin Bhimrao Patil.
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 Flat No 104 Suwarnanand Park Plot No 48 49 Laxmi Park Colony Navi Peth, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2023, the company reported a revenue of ₹324.62 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Lakh (net margin 0%) and EBITDA of ₹27.19 Cr (EBITDA margin 8.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 113 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹150 Cr and satisfied charges of ₹765.7 Cr on record. Court records list 778 cases involving the company, including 38 filed by the company and 740 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vitthalcorporationltd.com.
Company details
CIN history
Vitthal Corporation has one previous CIN (Corporate Identification Number): U15421PN1998PLC012939. The current CIN is U17120PN1998PLC012939, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120PN1998PLC012939 | Current |
| U15421PN1998PLC012939 | Previous |
Contact details
Vitthal Corporation Limited's registered office is in Pune, Maharashtra. Its website is vitthalcorporationltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No 104 Suwarnanand Park Plot No 48 49 Laxmi Park Colony Navi Peth, Pune, Maharashtra, India – 411030
- IndustryAgriculture, Sugar Processing
To see the full contact details of Vitthal Corporation 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 Vitthal Corporation are manufacturing, electricity, gas, steam and air condition supply and trade. 4 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 | |
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vitthal Corporation Limited, buy the company report.
Financials of Vitthal Corporation Limited
FY 2023 filings availableVitthal Corporation Limited reported revenue of ₹324.62 Cr (down 27% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 27% fall in the latest year. EBITDA fell 28% 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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| Total Expenses | |||||
| EBITDA | ₹27.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.61 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | 8.4% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Vitthal Corporation Limited, buy the company report.
Board of directors of Vitthal Corporation Limited
Vitthal Corporation has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Bhimrao Patil | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Sanjay Vitthalrao Shinde | Director | 01 Sep 2000 | 26 Years 2 Months | Current |
| Bapura Narayan Shinde | Director | 11 Feb 2019 | 7 Years 9 Months | Current |
| Vijaykumar Vitthalrao Patil | Director | 20 May 2016 | 10 Years 5 Months | Current |
| Yashwant Sanjay Shinde | Managing Director | 22 May 2015 | 11 Years 5 Months | Current |
| Gargi Yashwant Shinde Also directs: Vitthalrao Agro Producer Company Limited, Tuljai Spinners and Textiles Limited, Tuljai Power Private Limited and 4 more | Additional Director | 23 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Vitthal Corporation Limited is compared with the 7 companies closest to it by revenue in the Agriculture industry (Sugar), 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 |
|---|---|---|---|---|---|---|
| Kesar Enterprises Limited | ₹335.34 Cr (FY 2025) | -46.0% | Mumbai, Maharashtra, India | |||
| Anamika Sugar Mills Private Limited | ₹333.73 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Parag Agro Foods and Allied Products Private Limited | ₹324.85 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Vitthal Corporation Limitedthis company | ₹324.62 Cr (FY 2023) | ₹2.61 Lakh | 0% | -27.0% | 113 | Pune, Maharashtra, India |
| Venkateshkrupa Sugar Mills Limited | ₹317.71 Cr (FY 2023) | -8.0% | Pune, Maharashtra, India | |||
| Lokmangal Agro Industries Limited | ₹314.29 Cr (FY 2022) | 43.0% | Solapur, Maharashtra, India | |||
| VP Sugars Limited | ₹307.02 Cr (FY 2023) | 8.0% | Pune, Maharashtra, India | |||
| Dwarkadhish Sakhar Karkhana Limited | ₹301.9 Cr (FY 2025) | 1.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Vitthal Corporation Limited, buy the company report.
Auditor
Vitthal Corporation Limited is audited by R.V.BAJAJ & CO., for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.V.BAJAJ & CO., | FY 2022 | 121486W |
Shareholding
The shareholding of Vitthal Corporation Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vitthal Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2023 | 100730638 | Others | ₹15 Cr | Open | |
| 26 Feb 2021 | 100454128 | Others | ₹25 Cr | Open | |
| 14 Sep 2016 | 100093772 | Others | ₹30 Cr | Open | |
| 11 Sep 2012 | 10378557 | Punjab National Bank | ₹80 Cr | Open | |
| 10 Jul 2023 | 100743821 | Others | ₹87.67 Cr | Satisfied |
To see the full charge records of Vitthal Corporation Limited, buy the company report.
Total charge records: 33 View all charges
Legal cases
Vitthal Corporation Limited has 778 court cases on record: 38 filed by Vitthal Corporation, 740 filed against it. 18 cases are pending and 760 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 744 | 737 | 14 |
| High courts | 33 | 2 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 778)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalgaon, Maharashtra | Commercial suit | Filed against the company by N B Cotex Private Limited Through Nitin Nandlal Karwa | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by I. D. B. I. Bank Ltd. | Pending |
| District court, Osmanabad, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Vitthal Corporation 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
Vitthal Corporation Limited was last rated by Care on 01 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Aug 2022 |
To see the full credit ratings and regulatory alerts of Vitthal Corporation Limited, buy the company report.
MSME payment delays
Vitthal Corporation Limited has 11 MSME Form 1 returns on record between 2012 and 2020, listing 67 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajdeep Industrial Products Pvt.Ltd,Pune | |||
| Dew Pond Engineers Private Limited | |||
| Shivam Texmech Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vitthal Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vitthal Corporation has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vitthal Buildcon Private Limited | U45200PN2010PTC136306 |
To see the full group structure of Vitthal Corporation Limited, buy the company report.
Employees & EPFO
Vitthal Corporation Limited has a workforce of 113 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 113 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vitthal Corporation Limited, buy the company report.
GST
Vitthal Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV5742M1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vitthal Corporation Limited, buy the company report.
Recent activity
Vitthal Corporation Limited has 20 board changes on record since 2000: 7 appointments and 13 cessations. The latest: Bapura Narayan Shinde ceased to be Director on 10 Dec 2025.
79 earlier events are in the company report.
Frequently asked questions
Vitthal Corporation 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 09 October 1998 (28+ years old) and is registered under CIN U17120PN1998PLC012939.
Vitthal Corporation has 7 current directors:
- Yashwant Sanjay Shinde - Managing Director
- Pravin Bhimrao Patil - Director
- Sanjay Vitthalrao Shinde - Director
- Bapura Narayan Shinde - Director
- Vijaykumar Vitthalrao Patil - Director
- Gargi Yashwant Shinde - Additional Director
- Savita Sanjay Shinde - Director
The latest financial statements of Vitthal Corporation 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 Vitthal Corporation is 27AACCV5742M1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vitthal Corporation is U17120PN1998PLC012939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vitthal Corporation has 778 court cases on record: 38 filed by the company and 740 filed against it. 18 are pending. Most are in the district courts.
Vitthal Corporation was incorporated on 09 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Vitthal Corporation by revenue are Kesar Enterprises Limited, Anamika Sugar Mills Private Limited, Parag Agro Foods and Allied Products Private Limited, Venkateshkrupa Sugar Mills Limited, Lokmangal Agro Industries Limited and 2 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Bapura Narayan Shinde ceased to be Director on 10 Dec 2025. Pravin Bhimrao Patil ceased to be Director on 10 Dec 2025. Uddhav Shripati Mali ceased to be Director on 10 Dec 2025. Vitthal Corporation has 20 board changes on record in total.
Vitthal Corporation has 11 MSME Form 1 returns on record between 2012 and 2020, listing 67 overdue payments to 31 micro and small suppliers. The latest return was filed on 01 Dec 2020.
Vitthal Corporation can be reached through the website vitthalcorporationltd.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Vitthal Corporation is at Flat No 104 Suwarnanand Park Plot No 48 49 Laxmi Park Colony Navi Peth, Pune, Maharashtra, India – 411030.
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