₹45,761 crore of revenue reported in the latest year (mostly FY25) by the 79 of India's 900 sugar mills with accounts on file. The ten largest produce 60% of it; the typical filer earns ₹267 crore.
Active companies
900
sugar mills on the register
Reported revenue
₹45,761 crore
79 companies with accounts
Profitable
62%
of filers · India 62%
Secured loans
36.6%
of companies have one on record
What stands out about India's sugar mills
01
Revenue
₹45,761 crore
of revenue reported in the latest year (mostly FY25) by the 79 of India's 900 sugar mills with accounts on file. The ten largest produce 60% of it; the typical filer earns ₹267 crore.
02
Profitability
62%
of filers reported a profit (India, same segment: 62%); the median net margin is 1.0% against 1.0% nationally.
03
Growth
−0%
median revenue growth across 77 companies with two consecutive years on file (India: −0%); 7 grew by more than half and 40 shrank. Only companies still filing are counted.
04
Labour cost
5%
of revenue goes on employee cost for the median filer (5% nationally), about the same labour intensity as across India.
05
Funding
14
sugar mills in India have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Brand Capital (1), Affirma Capital (1), ADM (1).
06
Lending
36.6%
of India sugar mills have a secured loan on record (India: 36.8%). Most frequent lenders: State Bank Of India (121), Bank Of India (68), Punjab National Bank (60). Open borrowings against company assets total ₹1.3 lakh crore.
07
Where the money is
38%
of reported revenue comes from Karnataka, which holds 15% of India's sugar mills.
Cities with the most sugar mills
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Maharashtra
356
39.6%
₹7,218 crore
16%
Karnataka
134
14.9%
₹17,284 crore
38%
Uttar Pradesh
79
8.8%
₹8,884 crore
19%
Delhi
67
7.4%
₹1,051 crore
2%
Tamil Nadu
45
5.0%
₹4,598 crore
10%
Telangana
37
4.1%
₹734 crore
2%
Madhya Pradesh
34
3.8%
₹915 crore
2%
Andhra Pradesh
33
3.7%
–
–
West Bengal
29
3.2%
₹97.7 crore
0%
Gujarat
14
1.6%
₹183 crore
0%
Sugar Mills in India 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 Karnataka, India, 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%.
Manufacturer of sugar and ethanol. It operates multiple sugar plants, producing sugar and ethanol. The company also produces by-products such as bio-compost and bio-manure. It focuses on maintaining strong financial performance and protecting investor interests. The company's operations include sugarcane procurement and a defined sugar manufacturing process. It adheres to quality standards and offers various sugar grades.
Bajaj Hindusthan Sugar Limited is a public company incorporated in 1931, with its registered office in Uttar Pradesh, India, classified under food & beverages. In FY25 it reported revenue of ₹5,544 crore, down 9% on the year before, with a net margin of 0.1%.
Manufacturer of refined and specialty sugars, ethanol, and power. It produces a variety of sugar products, including refined sulphurless sugar, white plantation sugar, and various other types for industrial and consumer use. The company also utilizes sugarcane byproducts to generate ethanol and power, demonstrating efficient resource utilization. Its focus is on producing high-quality products through modern sugar complexes.
Uttam Sugar Mills Limited is a public company incorporated in 1993, with its registered office in Uttarakhand, India. In FY25 it reported revenue of ₹1,793 crore, down 12% on the year before, with a net margin of 5.1%.
Kpr Sugar And Apparels Limited is a public company incorporated in 2020, with its registered office in Tamil Nadu, India, classified under garments & apparel. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Group company catering to sugar, textile, and IT sectors
Rana Sugars Limited is a public company incorporated in 1991, with its registered office in Chandigarh, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
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 Karnataka, India, classified under electricity, gas & power. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Vitthalrao Shinde Sahakari Sakhar Karkhana is a manufacturer of white crystal sugar. Offers products like white crystal sugar, refined sugar, and raw sugar. Claims to have a capacity of 6000 TCD(tons of the cane per day). It also produces alcohol, ENA, ethanol and has a manufacturing capacity of 30000 KLPD(kiloliters per day). Retails its products across India and Brazil.
Vitthal Refined Sugars Limited is a public company incorporated in 2010, with its registered office in Maharashtra, India, classified under food & beverages. In FY21 it reported revenue of ₹99.2 crore, up 25% on the year before, with a net margin of −26.3%.
Revenue (FY21)₹99.2 crore
Growth vs prior year+25%
Net margin−26.3%
Net worth−₹11.6 crore
Paid-up capital₹61.1 crore
AreaMaharashtra
Incorporated2010 · Public company
Brand founded2001
Secured loans2 open
Key peopleVitthalrao Shinde (Founder)
Founders & leadershipVVitthalrao Shinde1 person
VS
Vitthalrao Shinde
Founder
Currently Founder
02 · FY25 accounts · Uttarakhand
D
Doiwala Sugar Company Limited
Doiwala Sugar Company Limited is a public company incorporated in 2001, with its registered office in Uttarakhand, India, classified under food & beverages. In FY25 it reported revenue of ₹93.9 crore, down 25% on the year before, with a net margin of −58.9%.
Revenue (FY25)₹93.9 crore
Growth vs prior year−25%
Net margin−58.9%
Net worth−₹504 crore
Paid-up capital₹6 crore
AreaUttarakhand
Incorporated2001 · Public company
Secured loans7 open
Directors on recordManmohan Singh, Chandresh Kumar Yadav, Vadivel Shanmugam3 directors
Indreshwar Sugar Mills Limited is a company that operates one of the biggest single stream molasses based distilleries in Maharashtra, offering sugar, power, and distillery products. Located in Barshi, Maharashtra, the company is known for its integrated cane processing plant.
Indreshwar Sugar Mills Limited is a public company incorporated in 2010, with its registered office in Maharashtra, India, classified under food & beverages. In FY25 it reported revenue of ₹87 crore, down 44% on the year before, with a net margin of 1.0%.
Full-service digital consultancy for transformation, AI, and automation. It offers tailored solutions addressing technology gaps impacting brand promise, customer experience, ROI, and team capacity. Services include digital roadmapping, product refinement, platform optimization, customer journey enhancement, new product creation, AI adoption and upskilling, and strategic digital partnerships. The consultancy prioritizes real-world experience and proven results, focusing on user needs and ethical practices. It provides custom technology solutions and fosters effective collaboration through transparent reporting.
Riga Sugar Co Ltd is a public company incorporated in 1980, with its registered office in West Bengal, India, classified under food & beverages. Its latest accounts on file are for FY21; revenue, growth and margin are locked below.
Revenue (FY21)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaWest Bengal
Incorporated1980 · Public company
BackingCorporate
Secured loans9 open
OffersSugar Plant, Cogeneration of Power, Sugar, Cooking
Mumbai-based Octaga Green is engaged in distillery products manufacturing, with a capacity of 3 lakh cases a month. The company has presence in the states of Maharashtra, Daman, Goa, Chandigarh and Puducherry, and also supplies to Border Security Force, Para Military Force in Madhya Pradesh, Haryana and Jammu & Kashmir. December 2014 news reports suggest that company mandated Delloitte to raise private equity of $20 million by diluting 22-24 per cent equity stake. The company also plans to set up bottling units at Himachal Pradesh, Tamil Nadu and Rajasthan.
Octaga Green Power And Sugar Company Limited is a public company incorporated in 2001, with its registered office in Maharashtra, India, classified under electricity, gas & power. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.
Karan Sugars Private Limited is a private company incorporated in 2005, with its registered office in Maharashtra, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Sugar Craft Private Limited is a private company incorporated in 2017, with its registered office in Delhi, India, classified under education. In FY25 it reported revenue of ₹6.4 crore, down 23% on the year before, with a net margin of −7.4%.
Revenue (FY25)₹6.4 crore
Growth vs prior year−23%
Net margin−7.4%
Net worth₹3.7 crore
Paid-up capital₹1.6 crore
AreaDelhi
Incorporated2017 · Private company
Directors on recordPapia Hajra, Dinesh Kumar Sharma, Gyan Dabas3 directors
The Ravalgaon Sugar Farm Limited manufactures sugar and confectionery for the Indian market. The Company was founded as part of the Walchand Group of Companies, but operates independently today as a public company listed on the Bombay Stock Exchange. Products include : Pan Pasand, Mango Mood, Cheery, Coffee Break, Laco, Assorted Center, Choco Cream, Tutty Fruity, Sweet Moments.
The Ravalgaon Sugar Farm Limited is a public company incorporated in 1933, with its registered office in Maharashtra, India, classified under agriculture & farming. In FY25 it reported revenue of ₹1.2 crore, down 87% on the year before, with a net margin of −175.0%.
Online fashion brand offering multi-category apparel for kids. The company offers t-shirts, pants, shorts, night suits, bodysuits, and dresses in various designs and color options. The company claims that all its products are made of sustainable materials.
Orange Sugar Private Limited is a private company incorporated in 2022, with its registered office in Tamil Nadu, India, classified under textiles. In FY25 it reported revenue of ₹81.2 lakh, up 411% on the year before, with a net margin of −66.0%.
Warana Sugar Limited is a public company incorporated in 2006, with its registered office in Maharashtra, India, classified under food & beverages. Its latest accounts on file are for FY19; revenue, growth and margin are locked below.
Revenue (FY19)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMaharashtra
Incorporated2006 · Public company
Brand founded2005
Key peopleVinay Kore (Founder)
OffersSugar Factory, Dairy, Banking, Agro processing unit
Founders & leadershipVVinay Kore1 person
VK
Vinay Kore
Founder
Currently Founder
ProfileEx- Founder JANASURAJYA SHAKTI, Surajya Foundation. Vasantdada Patil Institute of Engineering and Technology
ProductsSugar Factory, Dairy +46 products
Product 01 / 06
Sugar Factory
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Product 02 / 06
Dairy
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Product 03 / 06
Banking
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Product 04 / 06
Agro processing unit
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Product 05 / 06
Bazzar
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Product 06 / 06
Micro/small Scale woman Industries
AboutListed by Warana Power as one of its products or services; details on waranapower.com.
Tridhara Sugar Limited is a public company incorporated in 2009, with its registered office in Maharashtra, India, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY15; revenue, growth and margin are locked below.
Revenue (FY15)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMaharashtra
Incorporated2009 · Public company
Secured loans1 open
Directors on recordGanesh Sureshrao Deshmukh, Eknath Ramkishanrao Salve, Tahsin Ahmed Gulam Yaseen Khan Khan6 directors
Ganesh Sureshrao DeshmukhDirector · since 2009
Eknath Ramkishanrao SalveDirector · since 2010
Tahsin Ahmed Gulam Yaseen Khan KhanManaging Director · since 2010
Keshavrao Ramkishanrao PangarkarDirector · since 2010
Ali Ahmed KhanWholetime Director · since 2010
Dnyanoba Baliram KaregaonkarDirector · since 2010
06 · FY24 accounts · Delhi
I
Indian Sugar Exim Corporation Ltd.
Formerly known as “Indian Sugar & General Industry Export Import Corporation Limited”, the name has since been changed to “Indian Sugar Exim Corporation Limited. ” Indian Sugar Exim Corporation Limited (ISEC), a premier sugar exporter of India, was formed in 1969 by the two apex bodies of the sugar industry viz. the National Federation of Cooperative Sugar Factories Limited (NFCSF), and the Indian Sugar Mills Association (ISMA), representing factories in the cooperative and private sectors, for undertaking export of sugar and its by-products.
Indian Sugar Exim Corporation Ltd. is a public company incorporated in 1969, with its registered office in Delhi, India. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.
Revenue (FY24)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaDelhi
Incorporated1969 · Public company
Secured loans5 open
OffersOrganic Sugar, ISEC Services, Secura Cloud, Refined White Sugar
State Bank Of India (121 companies); Bank Of India (68 companies); Punjab National Bank (60 companies); Union Bank Of India (53 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
