₹17,284 crore of revenue reported in the latest year (mostly FY25) by the 15 of Karnataka's 134 sugar mills with accounts on file. The ten largest produce 94% of it; the typical filer earns ₹405 crore.
Active companies
134
sugar mills on the register
Reported revenue
₹17,284 crore
15 companies with accounts
Profitable
47%
of filers · India 62%
Secured loans
34.3%
of companies have one on record
What stands out about Karnataka's sugar mills
01
Revenue
₹17,284 crore
of revenue reported in the latest year (mostly FY25) by the 15 of Karnataka's 134 sugar mills with accounts on file. The ten largest produce 94% of it; the typical filer earns ₹405 crore.
02
Profitability
47%
of filers reported a profit (India, same segment: 62%); the median net margin is −0.7% against 1.0% nationally.
03
Growth
+4%
median revenue growth across 15 companies with two consecutive years on file (India: −0%); 0 grew by more than half and 4 shrank. Only companies still filing are counted.
04
Labour cost
4%
of revenue goes on employee cost for the median filer (5% nationally), so this segment is less labour-intensive in Karnataka than across India.
05
Lending
34.3%
of Karnataka sugar mills have a secured loan on record (India: 36.8%). Most frequent lenders: State Bank Of India (20), Bank Of India (13), Canara Bank (12). Open borrowings against company assets total ₹28,165 crore.
06
Where the money is
84%
of reported revenue comes from Belgaum, which holds 31% of Karnataka's sugar mills.
Where Karnataka's sugar mills are
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Belgaum
41
30.6%
₹14,432 crore
84%
Bangalore Rural
24
17.9%
₹363 crore
2%
Bagalkot
23
17.2%
₹1,806 crore
10%
Dharwad
9
6.7%
₹266 crore
2%
Bijapur(kar)
7
5.2%
–
–
Bangalore
7
5.2%
–
–
Gulbarga
5
3.7%
–
–
Bidar
4
3.0%
₹144 crore
1%
Davangere
2
1.5%
₹272 crore
2%
Mandya
2
1.5%
–
–
Sugar Mills in Karnataka by size
From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.
Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world. The company has its Corporate office in Mumbai (Maharashtra, India). As of September 2015, it declared its Brazilian sugar production unit as bankrupt.
Shree Renuka Sugars Limited is a public company incorporated in 1995, with its registered office in Belgaum, Karnataka, classified under agriculture & farming. In FY25 it reported revenue of ₹10,279 crore, down 5% on the year before, with a net margin of −2.5%.
Supplier of sugar cane, ethanol, and other food related products
Athani Sugars Limited is a public company incorporated in 1995, with its registered office in Belgaum, Karnataka, classified under electricity, gas & power. In FY25 it reported revenue of ₹1,455 crore, up 38% on the year before, with a net margin of 3.9%.
Manufacturer of sugar, molasses, bagasse, and other related products
Shivashakti Sugars Limited is a public company incorporated in 1995, with its registered office in Belgaum, Karnataka, classified under food & beverages. In FY25 it reported revenue of ₹907 crore, up 15% on the year before, with a net margin of 0.6%.
Revenue (FY25)₹907 crore
Growth vs prior year+15%
Net margin0.6%
Net worth₹156 crore
Paid-up capital₹25.9 crore
AreaBelgaum
Incorporated1995 · Public company
Secured loans11 open
Key peopleAsha Kore (Managing Director)
OffersSugar Processing, Ethanol, Seed Fertilizers
Founders & leadershipAAsha Kore1 person
AK
Asha Kore
Managing Director
ProductsConfectioners ( Powdered )…, Brown Sugar +35 products
Product 01 / 05
Confectioners ( Powdered ) Sugar
CategoryPure Sugar
PriceOn request
Range5 products listed by Shivashakti Sugars
Product 02 / 05
Brown Sugar
CategoryPure Sugar
PriceOn request
Range5 products listed by Shivashakti Sugars
Product 03 / 05
Granulated Sugar
CategoryPure Sugar
PriceOn request
Range5 products listed by Shivashakti Sugars
Product 04 / 05
Regular Sugar
CategoryPure Sugar
PriceOn request
Range5 products listed by Shivashakti Sugars
Product 05 / 05
Superfine Sugar
CategoryPure Sugar
PriceOn request
Range5 products listed by Shivashakti Sugars
1 / 5
04 · FY25 accounts · Bagalkot
S
Shri Prabhulingeshwar Sugars And Chemicals Limited
Shri Prabhulingeshwar Sugars And Chemicals Limited is a public company incorporated in 1995, with its registered office in Bagalkot, Karnataka, classified under health & social work. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Belgaum Sugars Private Limited is a private company incorporated in 2007, with its registered office in Belgaum, Karnataka, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Balaji Sugar is a private limited company that specializes in sugar and chemicals production. They are committed to good governance practices that create long-term sustainable shareholder value. The company has experienced and committed farmers as part of their team.
Shri Balaji Sugars And Chemicals Private Limited is a private company incorporated in 2011, with its registered office in Bagalkot, Karnataka, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
State Bank Of India (20 companies); Bank Of India (13 companies); Canara Bank (12 companies); Ifci (10 companies).
Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.
Sugar, Ethanol +46 products
