Company Intelligence Profile
Agstack Technologies Private Limited
AgStack Technologies Pvt Ltd is the legal entity behind "Gramophone," an Indore-based agritech startup describing itself as a "data-driven full-stack tech platform for farmers." It offers: (1) Agronomy intelligence/advisory content, (2) input distribution — seeds, fertilisers and crop-nutrition products delivered to f…
Last updated 10 August 2026
AgStack Technologies Private Limited, under the brand name Gramophone, is an Indore-based agritech company that provides a data-driven, full-stack tech platform for farmers. The company offers agronomy advisory, input distribution, farm management tools, and digital marketplaces. Despite facing decreasing annual revenues since FY23, the company was involved in a significant merger with Unnati Agri in early 2026.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Agstack Technologies Private Limited |
|---|---|
| CIN | U74999MP2016PTC040803 |
| PAN | AAOCA4124E |
| Status | Active (Private Limited Company, not listed) |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 23 May 2016 |
| ROC | RoC Gwalior (Madhya Pradesh) |
| Sector (NIC) | Agriculture support services — "Support activities to agriculture" incl. supply of seeds, fertilisers and other agri-inputs |
| Registered address | 1st Floor, Plot No. 80, PU-4 Commercial, AB Road, Behind C21 Mall, Scheme 54 PU4, Vijay Nagar, Indore, Madhya Pradesh, India – 452010 |
| Authorized capital | ₹8.95 Cr |
| Paid-up capital | ₹7.56 Cr |
Business Overview
- AgStack Technologies Pvt Ltd is the legal entity behind "Gramophone," an Indore-based agritech startup describing itself as a "data-driven full-stack tech platform for farmers." It offers: (1) Agronomy intelligence/advisory content, (2) input distribution — seeds, fertilisers and crop-nutrition products delivered to farmers, (3) farm management via a scientific crop calendar/app, (4) "Gram Vyapar," a digital marketplace for farmers to buy/sell crops, (5) "Gram Sabha," a social network of 500,000+ farmers and agronomists, and (6) "Super Fasal" soil-testing with home-delivered results
- Per its own site, Gramophone has onboarded 12M+ farmers, covers 20M+ acres, has 4M+ app downloads and has digitalised 50+ crops
- DPIIT-recognised startup
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Tauseef Ahmad Khan | 07525028 | - | 23 May 2016 |
Financials
Agstack Technologies reported a gross revenue of ₹316 Cr and a net loss of ₹58 Cr for FY23, with subsequent revenue declines to ₹98 Cr in FY24 and ₹71.05 Cr in FY25. The company showed financial improvement with a reduction in net loss by 41% in FY24.
Multiple partially-conflicting figures across sources — reported here with source attribution, standalone/consolidated basis not explicitly stated by any source (entity referred to interchangeably as "Gramophone"/"AgStack Technologies"):
- FY23 (ended Mar-2023): Gross revenue ₹316 Cr; Net loss ₹58 Cr
- FY24 (ended Mar-2024): Gross revenue ₹98 Cr (down 69% YoY); Net loss ₹34 Cr (improved 41% YoY); EBITDA margin -31%; ROCE -246%; cash reserves ₹5.5 Cr; current assets ₹20 Cr
- FY25 (ended Mar-2025): Revenue ₹71.05 Cr, down ~28% YoY — broadly consistent with the FY24 Entrackr base figure.
- Tofler separately shows a coarse "revenue band" of ₹10-25 Cr with "-40.49%" change for FY24-25 and net-worth +28.71%, borrowings -20.59% — this conflicts with the more precise Entrackr/TheCompanyCheck figures above; likely a stale/mis-bucketed range on Tofler's free tier and should be treated as lower-confidence.
- Charges/borrowings: Open charges ₹10 Cr; satisfied charges totalling ₹46.6 Cr, including Northern Arc Capital Ltd ₹5 Cr (dated 30-Mar-2023) and Capsave Finance Pvt Ltd ₹5 Cr (dated 28-Mar-2023), plus earlier satisfied charges of ₹5 Cr (01-Sep-2022), ₹12.6 Cr (29-Jun-2022) and ₹12 Cr (31-Mar-2022).
Employees: ~31.
Funding & Investors
- Total disclosed funding to date: over $20 million
- Known rounds/events: Oct-2021 — Z3 Partners led a $10 Mn round (Series, agritech-focused)
- Feb-2022 — ESOP buyback worth $2 Mn. Key institutional shareholders per Entrackr fintrackr piece (pre-merger): Info Edge (India) Ltd — largest shareholder at 32.89%
- Z3 Partners
- Siana Capital
- Nov-2025/Jan-2026 — Major corporate event: Unnati Agri agreed to acquire/merge with Gramophone in a share-swap deal (Entrackr exclusive, 13-Nov-2025), confirmed by Info Edge on 04-Jan-2026: Info Edge's subsidiary (SIHL) transferred 339,305 shares (50.94% stake in Gramophone) to Unnati at ₹2,702.87/share (≈₹91.7 Cr consideration) in exchange for 49,145 Unnati preference shares
- Info Edge also made an additional primary investment of ₹35 Cr for 18,756 Unnati preference shares, taking its aggregate stake in the merged Unnati entity to ~20.53% (expected to settle near 18.48% once all Gramophone shareholders receive Unnati shares)
- Transaction expected to close within ~90 days of the Jan-2026 announcement, subject to definitive agreements
- Note: Tracxn not accessed in this pass; round-name/date list above is from Entrackr only — cross-check against Tracxn recommended before publishing round names verbatim
Charges / Borrowings
- Open charges: ₹10 Cr (lender listed only as "Others" on public free-tier pages)
- Satisfied charges (₹46.6 Cr total) include: Northern Arc Capital Ltd — ₹5 Cr, dated 30-Mar-2023, satisfied 24-Oct-2025
- Capsave Finance Pvt Ltd — ₹5 Cr, dated 28-Mar-2023, satisfied 08-Oct-2025
- ₹5 Cr charge dated 01-Sep-2022, satisfied 11-Apr-2025
- ₹12.6 Cr charge dated 29-Jun-2022, satisfied 01-Dec-2023
- ₹12 Cr charge dated 31-Mar-2022 (satisfied, date not specified)
Legal / Litigation
Indian Kanoon search for "Agstack Technologies" returned zero matching results — no litigation/case law found under this entity name as of this check.
Competitors
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