SIDDHI VINAYAK AGRI PROCESSING PRIVATE LIMITED

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, Sources: svagri.co.in, PotatoPro, Entrackr.

Sector & Classification

NIC 01122 — Growing of vegetables, roots and tubers (agriculture/potato supply chain); commercially operates as a potato agri-supply-chain + food-processing-machinery company

Directors & Key Management

Confirmed by 2 sources (Tofler + TheCompanyCheck) for names/roles; DINs only Tofler-sourced (partial): Hemant Gaur — Managing Director / Founder / Shareholder (DIN 03161076, appointed 9 Jun 2011); Sukhpal Singh — Director (DIN 01832942, appointed 10 Aug 2015); Kaushik Malpani — Director / Shareholder (DIN 07138433, appointed 18 Jan 2016).

GST Registrations

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, TheCompanyCheck, +3% / +3.42% YoY growth, TheCompanyCheck & Tofler agree.
• Tofler-only, partial, teaser-level, premium-gated for exact values: 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", locked behind Tofler Pro / not found elsewhere.
• A subsidiary, SV Agrico India Private Limited, paid-up capital ₹15 Lakh, incorporated 2019, is reported separately by Tofler.

Funding History

• Confirmed via Entrackr, 13 Apr 2022 exclusive report: 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."

Shareholding

• Partial — exact cap table not obtained (premium-gated).
• Known: WayCool Foods holds ~65% on a fully-diluted basis since April 2022, making SV Agri a majority-owned strategic subsidiary of WayCool, per Entrackr.
• Remaining ~35% presumed held by founder/management, Hemant Gaur and co-founders/other directors, and possibly residual instruments, the ₹37.5 Cr CCDs from WayCool convert into further equity.
• Not independently confirmed by a registry filing.

Loans & Charges

• Partial, Tofler-sourced (single source) with rough corroboration on the aggregate figure from TheCompanyCheck: Open charges ≈ ₹41.9–43.9 Cr, ₹55.4 Cr satisfied
• Lender profile, impact-investing NBFCs, is consistent with an agri-supply-chain-finance borrower.

Related Parties

• WayCool Foods Pvt Ltd — parent/majority shareholder (~65%) since April 2022 (Entrackr).
• SV Agrico India Private Limited — subsidiary, Tofler; incorporated 2019, paid-up capital ₹15 Lakh.
• Krispfood Solutions — SV Agri's own ingredient-distribution brand launched 2024 (svagri.co.in), not a separate legal entity as far as found.
• Tofler also flags "12 related/connected companies through common directors" across various states — names not individually obtained.

Legal & Compliance

• Indian Kanoon — Bombay High Court, two active matters, both partial/single-source, entity name matches exactly, no outcome details found: (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.

Competitive Landscape

• Potato agri-supply-chain and processing-equipment peers, rough scale tags, not verified against filings: HyFun Foods, Gujarat-based frozen potato products, larger scale, reportedly ₹1,000+ Cr revenue, McCain Foods India, global potato-processing MNC, much larger, Simplot India / J.R.
• Simplot potato supply JV, large-scale, PepsiCo/QSR-aligned, Godrej Agrovet Ltd, diversified agri-input/processing conglomerate, much larger, listed, Kiremko B.V., Netherlands — potato-processing equipment OEM, comparable/larger in the equipment segment, Heat and Control Inc., US-based snack-processing equipment OEM, larger global player.

Frequently Asked Questions

Sources

TheCompanyCheck (thecompanycheck.com/company/.../U01122PN2008PTC131726) — identity, capital, directors, FY24 revenue; Tofler (tofler.in) — identity, PAN, directors+DINs, financial ratios, charges/lenders, subsidiary; svagri.co.in (official site) — business overview, divisions, logo; PotatoPro (potatopro.com/companies/siddhivinayak-agri-processing-pvt-ltd-sv-agri) — business overview, Krispfood/DSIR note; Entrackr (entrackr.com/2022/04/exclusive-waycool-to-acquire-a-majority-stake-in-sv-agri) — WayCool acquisition/funding/shareholding; Indian Kanoon (indiankanoon.org) — legal cases; DuckDuckGo-aggregated GST directory snippet — GSTIN list (low confidence, unverified primary source).