Shivashakti Sugars Limited

Operates a sugar unit with 10,000 tonne crushing capacity and 37MW co-generation plant.

1995 | Belgaum, Karnataka (India) | Active
Last Updated:

Shivashakti Sugars Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 33.86 Cr
  • Company Age 29 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,060.03 Cr
  • Satisfied Charges ₹ 532.83 Cr
  • Revenue Growth 49.02%
  • Profit Growth 429.00%
  • Ebitda 14.96%
  • Net Worth 57.70%
  • Total Assets -17.87%

About Shivashakti Sugars

Shivashakti Sugars Limited (SSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 April 1995 and has a history of 29 years and 11 months. Its registered office is in Belgaum, 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 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 33.86 Cr.

The company currently has active open charges totaling ₹1,060.03 Cr. The company has closed loans amounting to ₹532.83 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Shivashakti Sugars Limited India are Sadashiv Nippane as CFO and Sneha Patil as Company Secretary. Govindasamy Krishnan, Anil Bagi, Deepti Aradhya, and Five other members serve as directors at the Company.

Company Details

  • Location

    Belgaum, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U15421KA1995PLC017655

  • Company No.

    017655

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Apr 1995

  • Date of AGM

    25 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Agriculture

What products or services does Shivashakti Sugars Limited offer?

Shivashakti Sugars Limited offers a wide range of products and services, including Bakery & Confectionery Products, Confectionery Ingredients, Cereals & Food Grains, Sugar, Candy & Jelly.

Who are the key members and board of directors at Shivashakti Sugars?

Executive Team (3)

NameDesignationAppointment DateStatus
Sadashiv Nippane CFO08-Apr-2017Current
Asha Kore Country flag representing In Managing Director28-Feb-2012Current
Sneha Patil Country flag representing In Company Secretary01-May-2020Current

Board Members (7)

NameDesignationAppointment DateStatus
Govindasamy Krishnan Director 08-Aug-2022Current
Anil Bagi Country flag representing In Director 26-Sep-2018Current
Deepti Aradhya Country flag representing In Director 05-Apr-2024Current
Prabhakar Kore Country flag representing In Director 16-Dec-1998Current
Amit Kore Country flag representing In Whole-Time Director 01-Oct-2021Current
Rajkumar Kothavale Country flag representing In Director 12-Jun-2010Current

Financial Performance of Shivashakti Sugars.

Shivashakti Sugars Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 49.02% increase. The company also saw a substantial improvement in profitability, with a 429% increase in profit. The company's net worth Soared by an impressive increase of 57.7%.

Shivashakti Sugars revenue growth over time
Shivashakti Sugars 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
49.02%
Revenue from Operations
67.91%
Total Assets
-17.87%
Profit or Loss
429.00%
Net Worth
57.70%
EBITDA
14.96%

What is the Ownership and Shareholding Structure of Shivashakti Sugars?

In 2023, Shivashakti Sugars had a promoter holding of 63.85% and a public holding of 36.15%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,060.03 Cr

Satisfied Charges

₹532.83 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 588.71 Cr
  • Others : 175.00 Cr
  • State Bank Of India : 150.00 Cr
  • Karnataka Bank Ltd. : 140.00 Cr
  • Ifci Limited : 6.32 Cr

Latest Charge Details

DateLenderAmountStatus
11 Sep 2024Canara Bank₹31.71 CrOpen
30 Mar 2024Karnataka Bank Ltd.₹40.00 CrOpen
29 Sep 2023Karnataka Bank Ltd.₹100.00 CrOpen
01 Jun 2023Canara Bank₹225.00 CrOpen
12 Dec 2022Others₹50.00 CrOpen

How Many Employees Work at Shivashakti Sugars?

Shivashakti Sugars has a workforce of 573 employees as of Apr 10, 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 Shivashakti Sugars Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Shivashakti Sugars, 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 Shivashakti Sugars'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 Shivashakti Sugars

Recent activity within the organization

  • Charges

    A charge with Canara Bank amounted to Rs. 31.71 Cr with Charge ID 100981335 was registered on 11 Sep 2024.

  • Charges

    A charge registered on 29 Aug 2017 via Charge ID 100156583 with Karnataka Bank Ltd. was fully satisfied on 20 Apr 2024.

  • Director Appointment

    Deepti Aradhya was appointed as a Director was appointed as a Director on 05 Apr 2024 & has been associated with this company since 11 months 22 days .

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 40.00 Cr with Charge ID 100902952 was registered on 30 Mar 2024.

  • Charges

    A charge with State Bank Of India of Rs. 150.00 Cr registered on 24 Dec 2021 with Charge ID 100527508 was modified on 19 Dec 2023.

  • Charges

    A charge registered on 29 May 2019 via Charge ID 100270974 with Others was fully satisfied on 10 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Shivashakti Sugars Limited?

    Shivashakti Sugars Limited was incorporated on 21 Apr 1995.

  • What is authorized share capital and paid-up capital of Shivashakti Sugars Limited?

    The authorized share capital of Shivashakti Sugars Limited is ₹ 40.00 Cr and paid-up capital is ₹ 33.86 Cr.

  • Who are the current board members & directors of Shivashakti Sugars Limited?

    Currently 10 directors are associated with Shivashakti Sugars Limited.

    • Sadashiv Pundlir Nippane
    • Govindasamy Krishnan
    • Anil Virupax Bagi
    • Deepti Aradhya
    • Asha Prabhakar Kore
    • Prabhakar Basaprabhu Kore
    • Amit Prabhakar Kore
    • Rajkumar Shankarrao Kothavale
    • Kiran Raj
    • Sneha Sanjay Patil

  • What is the registered address of Shivashakti Sugars Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Shivashakti Sugars Limited is Cts No. 4094/1B1 And 4094/1B2 2Nd Floor Adarsha Central Mall, Gondhali Galli India, Belagavi, Karnataka, 590001.

  • What is the corporate identification number (CIN) and company number of Shivashakti Sugars Limited?

    The corporate identification number (CIN) of Shivashakti Sugars Limited is U15421KA1995PLC017655 and the company number is 017655 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Shivashakti Sugars Limited?

    The Official website of Shivashakti Sugars Limited is https://www.shivshaktisugars.com

  • What has been the recent revenue trend for Shivashakti Sugars Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Shivashakti Sugars Limited has risen by 49.02%.

  • How many employees does Shivashakti Sugars Limited currently have?

    As Per 2023 financial reports, 573 employees are currently employed by Shivashakti Sugars Limited.

  • What change has been observed in the net worth of Shivashakti Sugars Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Shivashakti Sugars Limited has experienced an upsurge of 57.70%.

  • What are the total open charges for Shivashakti Sugars Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Shivashakti Sugars Limited amount to ₹ 1,060.03 Cr.

  • When was the last Balance Sheet of Shivashakti Sugars Limited filed with the ROC?

    The most recent Balance Sheet for Shivashakti Sugars Limited was filed with the ROC on 31 Mar 2023.

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