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The Maharashtra Agro Industries Development Corporation Limited
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THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED

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Maharashtra ›

Agriculture ›

Active

Updated: 25 Sep 2025

The Maharashtra Agro Industries Development Corporation Limited, is an unlisted private company incorporated on 15 December, 1965. It is classified as a State government company and is located in , Maharashtra. It's authorized share capital is INR 8.00 cr and the total paid-up capital is INR 5.50 cr.

The Maharashtra Agro Industries Development Corporation Limited's operating revenue range is INR 100 cr - 500 cr for the financial year ending on 31 March, 2019. It's book networth has increased by 1.9%.

Subscription Plans

Industry and products

Agriculture and Allied Activities

Food, beverages and tobacco products, Support activities to agriculture and Other Activities including hunting

Company size

Auth Capital

₹ 8.0 Cr

Paidup Capital

₹ 5.5 Cr

Revenue

Not Available

Key Metrics

** All rupee values in INR crores.

Total Revenue

-17.68%

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EBITDA

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Net Profit

15934.18%

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Networth

1.9%

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Borrowings

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Assets

18.65%

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Gross Margin

2.33

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Operating Margin

-2.02

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Net Profit Margin

0.83

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Return on Equity

2.13

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ROCE

27.66

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Debt to Equity

0.32

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Sales

Mar 2019

Net worth

Mar 2019

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Locations

India (18)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Chandrashekhar Ramrao Lohi Shareholder	06684459	13 years
Additional Director	Manikrao Shivajirao Kokate	03096269	1 years
Additional Director	Ashish Nandkishore Jaiswal	07686910	1 years
Additional Director	Vikas Chandra Rastogi	08881573	1 years
Managing Director	Mangesh Manohar Gondavale	10375630	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
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Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

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** All numbers in INR crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
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Percentage of assets	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
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	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	5.5	5.5	5.5	5.5	5.5
Reserves	175.6	186.8	203.7	200.3	204.6
Borrowings +	27.7	-	15.2	-	64.4
Long term borrowings	27.7	-	-	-	-
Short term borrowings	-	-	15.2	-	64.4
Trade payables +	380.4	485.1	412.0	291.3	352.4
Days payable	107.0	164.0	168.0	195.0	296.0
Other liabilities +	628.4	728.3	612.1	468.2	529.1
Other non-current liabilities	14.5	41.2	48.4	48.4	48.0
Other current liabilities	233.5	202.0	151.6	128.4	128.7
Total liabilities	837.3	920.6	836.4	674.0	803.5
Fixed Assets +	23.6	22.6	22.2	28.1	27.6
Tangible assets	23.6	22.6	21.9	27.6	26.3
CWIP	-	-	0.2	0.5	1.2
Intangible assets	-	-	-	-	-
LT loans and advances	61.6	56.0	48.0	120.0	111.3
Other non-current assets	5.6	5.6	5.9	85.9	68.2
Current assets +	746.5	836.4	760.4	440.0	596.5
Inventories	269.4	197.8	181.5	94.7	208.6
Trade receivables	183.3	303.3	250.2	146.9	171.6
Cash and cash equivalents	276.3	321.1	302.0	165.7	189.8
ST loans and advances	2.5	1.6	2.6	4.2	2.0
Other current assets	15.0	12.6	24.1	28.4	24.4
Total assets	837.3	920.6	836.4	674.0	803.5

Percentage of assets	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Equity Capital	0.66	0.6	0.66	0.82	0.68
Reserves	20.97	20.29	24.35	29.72	25.46
Borrowings +	3.31	0.0	1.81	0.0	8.01
Long term borrowings	3.31	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	1.81	0.0	8.01
Trade payables	45.43	52.69	49.26	43.23	43.85
Other liabilities +	75.06	79.11	73.18	69.46	65.85
Other non-current liabilities	1.73	4.47	5.79	7.18	5.97
Other current liabilities	27.89	21.94	18.13	19.05	16.02
Total liabilities
Fixed Assets +	2.82	2.45	2.65	4.17	3.43
Tangible assets	2.81	2.45	2.62	4.09	3.27
CWIP	0.0	0.0	0.03	0.08	0.15
Intangible assets	0.0	0.0	0.0	0.0	0.01
LT loans and advances	7.36	6.08	5.73	17.81	13.85
Other non-current assets	0.67	0.61	0.7	12.74	8.48
Current assets +	89.16	90.85	90.91	65.28	74.23
Inventories	32.18	21.49	21.7	14.06	25.96
Trade receivables	21.9	32.95	29.92	21.79	21.35
Cash and cash equivalents	33.0	34.88	36.11	24.59	23.62
ST loans and advances	0.3	0.17	0.31	0.63	0.25
Other current assets	1.79	1.37	2.88	4.22	3.04
Total assets

Total assets

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SHIVSARASWATI AGRO PRODUCER COMPANY LIMITED	Active	5.0 L	1	Maharashtra
MAKO'Z AGRO TECH SERVICES PRIVATE LIMITED	Active	5.0 L	1	Maharashtra
THE KERALA AGRO INDUSTRIES CORPORATION LIMITED	Active	4.7 L	1	Kerala
ODISHA AGRO INDUSTRIES CORPORATION LIMITED	Active	39.9 Cr	1	Odisha
MAHARASHTRA STATE MINING CORPORATION LIMITED	Active	2.1 Cr	1	Maharashtra
MAHARASHTRA STATE FACULTY DEVELOPMENT ACADEMY	Active	1.0 L	1	Maharashtra
SIR J.J. SCHOOL OF ART ARCHITECTURE AND DESIGN FOUNDATION	Active	1.0 L	1	Maharashtra
MAHARASHTRA INSECTCIDES LIMITED	Active	1.0 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MAHARASHTRA INSECTCIDES LIMITED	Maharashtra	1984	₹ 1.0 Cr

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U05000MH1965SGC013380

PAN

AAACT1546M

Incorporation

1965, 60.0 years

Company Email

sureshsonavane@rediffmail.com

Paid up Capital

₹ 5.5 Cr

Authorised Capital

₹ 8.0 Cr

AGM

Sep 2023

Type

Private

State Government Company

FAQ - THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED

What is the incorporation date of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED?

The incorporation date of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED is 15 December, 1965

What is the authorized share capital of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED?

The authorized share capital of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED is INR ₹ 8.0 Cr.

What is the paid-up capital of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED?

The paid-up capital of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED is INR ₹ 5.5 Cr.

What is the registered address of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED?

The registered address of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED is KRUSHI UDYOG BHAVAN, AAREY MILK COLONY, DINKARRAO DESAI MARG, GOREGAON EAST, Bandra Suburban, MUMBAI, Maharashtra, India, 400065 - 400065

What is the CIN number of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED?

The CIN number of THE MAHARASHTRA AGRO INDUSTRIES DEVELOPMENT CORPORATION LIMITED is U05000MH1965SGC013380.

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