Company Intelligence Profile
Siddhi Vinayak Agri Processing Private Limited
Founded 2008, HQ Pune (also lists a Greater Noida address for its Engineering division).
Last updated 4 August 2026
Siddhi Vinayak Agri Processing Private Limited, founded in 2008 and headquartered in Pune, operates as a fully integrated player in the potato supply-chain ecosystem and food-processing machinery industry. As of FY2023-24, the company reported a revenue of ₹154.61 Cr with notable partnerships and recognition, including its R&D unit receiving DSIR recognition in December 2024. Since April 2022, it has been a majority-owned strategic subsidiary of WayCool Foods.
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Company Identity
| Registered name | Siddhi Vinayak Agri Processing Private Limited |
|---|---|
| CIN | U01122PN2008PTC131726 |
| PAN | AALCS8806L |
| Status | Active |
| Listing | Unlisted / Private (not listed on any stock exchange) |
| Incorporated | 31 March 2008 |
| ROC | RoC Pune |
| Sector (NIC) | NIC 01122 — Growing of vegetables, roots and tubers (agriculture/potato supply chain); commercially operates as a potato agri-supply-chain + food-processing-machinery company |
| Registered address | Tower-F, Flat No. 2601, Panchshil Towers, Kharadi Road, Gat No. Haveli, Wagholi (CT), Pune, Haveli, Maharashtra, India – 412207 |
| Authorized capital | Conflicting figures across sources: ₹1.5 Cr vs ₹90 Lakh — likely different snapshot dates; not reconciled, treat as partial |
| Paid-up capital | Conflicting figures: ₹71.92 Lakh vs ₹53.1 Lakh — snapshot-date conflict, partial |
Business Overview
- Founded 2008, HQ Pune (also lists a Greater Noida address for its Engineering division)
- SV Agri (trade name) is a fully-integrated player in the potato supply-chain ecosystem, operating three divisions: (1) Agri Business Division — potato seed, technical guidance and storage infrastructure serving 50,000+ farmers, supplying process-grade potatoes year-round nationally
- (2) Food Engineering Division — designs/manufactures potato-chip, French-fry, extruded-snack and dehydration processing lines and equipment (dryers, seasoning systems, sorting/classification, freeze-drying) with 250+ completed projects and 12+ international technology-partner tie-ups
- (3) Ingredient Solutions — food-processing ingredients, including dehydrated potato products and starch derivatives, distributed under the "Krispfood Solutions" brand launched 2024
- In Dec 2024 its in-house R&D unit received DSIR (Dept. of Scientific & Industrial Research) recognition
- Since April 2022 it operates as a majority-owned strategic subsidiary of WayCool Foods (agri-commerce platform) while retaining independent operations and its founding management
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Hemant Gaur | 03161076 | Managing Director & Shareholder & Founder | 9 Jun 2011 |
| Sukhpal Singh | 01832942 | Director | 10 Aug 2015 |
| Kaushik Malpani | 07138433 | Director & Shareholder | 18 Jan 2016 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AALCS8806L1ZO | Maharashtra | AALCS8806L (Tofler; single-source, partial) | - |
| 27AALCS8806L2ZN | Maharashtra | AALCS8806L (Tofler; single-source, partial) | - |
| 09AALCS8806L1ZM | Uttar Pradesh | AALCS8806L (Tofler; single-source, partial) | - |
| 29AALCS8806L1ZK | Karnataka | AALCS8806L (Tofler; single-source, partial) | - |
Partial / single-aggregator-sourced (not confirmed on a primary individual GSTIN lookup page — treat as indicative only): Primary GSTIN 27AALCS8806L1ZO (Maharashtra, registered 1 Jul 2017, principal place: Flat 2601, Panchshil Towers, Tower F, Kharadi, Pune 412207); additional registrations reported: 27AALCS8806L2ZN (Maharashtra), 09AALCS8806L1ZM (Uttar Pradesh — consistent with the Greater Noida engineering-division address), 29AALCS8806L1ZK (Karnataka code prefix). PAN AALCS8806L matches CIN-linked PAN. Home state: Maharashtra. Status of each registration not independently verified — "not obtained."
Financials
- FY2023-24 (year ended 31 Mar 2024), standalone, confirmed by 2 sources: Revenue ₹154.61 Cr, +3% / +3.42% YoY growth
- Tofler-only: Net Profit Margin 12.29% (implies PAT roughly ₹19 Cr, not an exact filed figure), ROCE 57.05%, Debt-to-Equity -0.59 (unusual/likely reflects negative reported net worth or a calculation quirk — not verified), Borrowings growth +18.66% YoY, Total Assets growth +19.66% YoY. Exact EBITDA, PAT, net worth and balance-sheet figures are "not obtained"
- A subsidiary, SV Agrico India Private Limited (paid-up capital ₹15 Lakh, incorporated 2019), is reported separately by Tofler
Funding & Ownership Change
- In April 2022, WayCool Foods (Chennai-based agri-commerce startup) acquired ~65% of SV Agri on a fully-diluted basis at a valuation of ~₹115 Cr (~$16M post-money)
- Deal structure: bought out Series A/B/C shares from Aspada for ₹12.75 Cr via share swap; bought Series A preference shares from Song Investment for ₹8.6 Cr cash; bought out Sarva Capital's holding for ₹11.85 Cr cash; plus a fresh ₹37.5 Cr injection via compulsorily convertible debentures (CCDs) from WayCool
- All prior VC/PE investors (Aspada, Song Investment, Sarva Capital) fully exited
- No public early-stage (seed/Series A round size, dates) figures were found beyond this exit reporting — earlier round details "not obtained."
Charges / Loans
- Open charges ≈ ₹41.9–43.9 Cr. Major lenders per Tofler: Caspian Impact Investments Pvt Ltd (₹18.9 Cr across 7 loans), Vivriti Capital Limited (₹9.0 Cr, 1 loan), UC Inclusive Credit Pvt Ltd (₹5.0 Cr, 2 loans), Friends of WWB India (₹4.5 Cr, 2 loans), others (~₹6.5 Cr)
- Lender profile (impact-investing NBFCs) is consistent with an agri-supply-chain-finance borrower
Legal / Litigation
- Indian Kanoon — Bombay High Court, two active matters: (1) Quality Export Rep. thr. its Partner Antonio Luis Felix Rodrigues vs Siddhi Vinayak Agri Processing Pvt Ltd — CRIA 37 of 2019 / AAR 21 of 2025, an arbitration application with hearings on 8 Dec 2025, 19 Jan 2026, 5 Feb 2026 and 20 Feb 2026
- (2) Kushal Finnovation Capital Private Limited vs Siddhi Vinayak Agri Processing Private Limited & Ors — commercial arbitration petitions (17_carbpl_11443_2026, 18_carbpl_11684_2026), hearing 8 May 2026; appears to be a lender-recovery/arbitration dispute (Kushal Finnovation is an NBFC lender, not in the charges list above — possible additional/newer credit facility or trade dispute)
Competitors
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