Davangere Sugar Company Limited

Founded in 1970 and headquartered in Karnataka, India.

1970 | Davangere, Karnataka (India) | Active
Last Updated:

Davangere Sugar Company Profile

Key Indicators

  • Authorised Capital ₹ 150.00 Cr
  • Paid Up Capital ₹ 94.08 Cr
  • Company Age 54 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 512.41 Cr
  • Satisfied Charges ₹ 453.87 Cr
  • Revenue Growth 125.43%
  • Profit Growth 132.66%
  • Ebitda 86.92%
  • Net Worth 24.19%
  • Total Assets 0.51%

About Davangere Sugar Company

Davangere Sugar Company Limited (DSCL) was founded in India on 28 September 1970 and has a glorious history of 54 years and five months. Its registered office is in Davangere, Karnataka, India.

The Company is engaged in the Agriculture Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 150.00 Cr and a paid-up capital of Rs 94.08 Cr.

The company currently has active open charges totaling ₹512.41 Cr. The company has closed loans amounting to ₹453.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Davangere Sugar Company Limited India are Parameshwarappa Onkarappa as CFO and Nidhi Vaswani as Company Secretary. Hima Sagala, Vinita Modak, Swathi Shamanur, and Three other members serve as directors at the Company.

Company Details

  • Location

    Davangere, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    davangeresugar.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L37100KA1970PLC001949

  • Company No.

    001949

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Sep 1970

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Bangalore

Industry

Agriculture
Environment

Who are the key members and board of directors at Davangere Sugar Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Parameshwarappa Onkarappa CFO14-Jun-2024Current
Nidhi Vaswani Company Secretary13-Jan-2023Current
Shamanur Ganesh Country flag representing In Managing Director31-Oct-2000Current

Board Members (5)

NameDesignationAppointment DateStatus
Hima Sagala Country flag representing In Director 08-Oct-2024Current
Vinita Modak Director 08-Oct-2024Current
Swathi Shamanur Country flag representing In Director 06-Jun-2024Current
Abhijith Shamanur Country flag representing In Director 09-Jun-2011Current
Thappagondanahally Rajashekarappa Country flag representing In Director 16-Jul-2020Current

Financial Performance of Davangere Sugar Company.

Davangere Sugar Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 125.43% increase. The company also saw a substantial improvement in profitability, with a 132.66% increase in profit. The company's net worth Soared by an impressive increase of 24.19%.

Davangere Sugar Company revenue growth over time
Davangere Sugar Company profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
125.43%
Revenue from Operations
125.34%
Total Assets
0.51%
Profit or Loss
132.66%
Net Worth
24.19%
EBITDA
86.92%

What is the Ownership and Shareholding Structure of Davangere Sugar Company?

In 2022, Davangere Sugar Company had a promoter holding of 59.01% and a public holding of 41.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹512.41 Cr

Satisfied Charges

₹453.87 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 328.35 Cr
  • Others : 107.00 Cr
  • Canara Bank : 61.18 Cr
  • Indian Bank : 13.40 Cr
  • Karnataka State Industrial Investment & Develop. Corpn. Ltd. : 1.10 Cr
  • Others : 1.38 Cr

Latest Charge Details

DateLenderAmountStatus
20 Mar 2024Others₹19.00 CrOpen
11 May 2023Canara Bank₹23.00 CrOpen
30 Aug 2022Hdfc Bank Limited₹8.80 MOpen
31 Dec 2021Canara Bank₹4.43 CrOpen
21 Dec 2021Indian Bank₹1.22 CrOpen

How Many Employees Work at Davangere Sugar Company?

Davangere Sugar Company has a workforce of 323 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Davangere Sugar Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Davangere Sugar Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Davangere Sugar Company's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Davangere Sugar Company

Recent activity within the organization

  • Director Appointment

    Hima Bindu Sagala was appointed as a Director was appointed as a Director on 08 Oct 2024 & has been associated with this company since 4 months 27 days .

  • Director Appointment

    Vinita Dilip Modak was appointed as a Director was appointed as a Director on 08 Oct 2024 & has been associated with this company since 4 months 27 days .

  • Annual General Meeting

    Davangere Sugar Company Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with State Bank Of India of Rs. 293.16 Cr registered on 07 Sep 2007 with Charge ID 10090215 was modified on 21 Aug 2024.

  • Charges

    A charge registered on 27 Aug 2020 via Charge ID 100399590 with Indian Bank was fully satisfied on 02 Jul 2024.

  • Charges

    A charge registered on 09 Feb 2022 via Charge ID 100558890 with State Bank Of India was fully satisfied on 01 Jul 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Davangere Sugar Company Limited?

    Davangere Sugar Company Limited was incorporated on 28 Sep 1970.

  • What is authorized share capital and paid-up capital of Davangere Sugar Company Limited?

    The authorized share capital of Davangere Sugar Company Limited is ₹ 150.00 Cr and paid-up capital is ₹ 94.08 Cr.

  • Who are the current board members & directors of Davangere Sugar Company Limited?

    Currently 8 directors are associated with Davangere Sugar Company Limited.

    • Hima Bindu Sagala
    • Vinita Dilip Modak
    • Parameshwarappa Onkarappa
    • Nidhi Hitesh Vaswani
    • Swathi Shamanur
    • Abhijith Ganesh Shamanur
    • Shamanur Shivashankarappa Ganesh
    • Thappagondanahally Rajashekarappa

  • What is the registered address of Davangere Sugar Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Davangere Sugar Company Limited is 73/1 Post Box No.312, Shamanur India, Shamanur Road Davangere., Karnataka, 577004.

  • What is the corporate identification number (CIN) and company number of Davangere Sugar Company Limited?

    The corporate identification number (CIN) of Davangere Sugar Company Limited is L37100KA1970PLC001949 and the company number is 001949 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Davangere Sugar Company Limited?

    The Official website of Davangere Sugar Company Limited is https://www.davangeresugar.com

  • What has been the recent revenue trend for Davangere Sugar Company Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Davangere Sugar Company Limited has risen by 125.43%.

  • How many employees does Davangere Sugar Company Limited currently have?

    As Per 2023 financial reports, 323 employees are currently employed by Davangere Sugar Company Limited.

  • What change has been observed in the net worth of Davangere Sugar Company Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Davangere Sugar Company Limited has experienced an upsurge of 24.19%.

  • What are the total open charges for Davangere Sugar Company Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Davangere Sugar Company Limited amount to ₹ 512.41 Cr.

  • When was the last Balance Sheet of Davangere Sugar Company Limited filed with the ROC?

    The most recent Balance Sheet for Davangere Sugar Company Limited was filed with the ROC on 31 Mar 2024.

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