Gurunanak Agriculture India Ltd Company Summary

Gurunanak Agriculture India Limited was originally incorporated as a Private Limited Company under the name Gurunanak Agriculture India Private Limited on February 05, 2010, issued by Registrar of Companies, Uttar Pradesh & Uttarakhand. Subsequently, company has converted into a public limited company, resulting in a name change to Gurunanak Agriculture India Limited vide a fresh Certificate of Incorporation dated December 05, 2024.The Company traces its roots in the small town of Babina, near Jhansi in Uttar Pradesh, where Mr. Sukhdev Singh, a visionary entrepreneur, embarked on a journey to transform Indian agriculture.

Starting with just a little space and limited resources, Mr. Sukhdev Singh began manufacturing simple yet essential farming tools such as ploughs and trolleys, providing local farmers with durable, reliable equipment to aid their everyday agricultural needs. His commitment to quality and the understanding of farmers requirements set the foundation for what would soon become a trusted name in agricultural machinery.The demand for his products grew steadily, and as word spread, the business expanded to cater to more farmers in the Bundelkhand region.

His two sons, Jagdish Singh and Harjeet Singh, joined the business. Recognizing the potential for growth, they each established their own proprietorship firms-Kalsi Agriculture Industries and Gurunanak Iron Industries. These two firms focused on enhancing product range, refining manufacturing processes, and setting higher standards for service.After the year 2010, agricultural mechanisation and post-harvest processing entered a new era of technology known as precision agriculture and post-harvest processing.

The companys breakthrough came in 2010, a year that marked a new chapter in its history. The rapid increase in market demand for threshers helped establish the brands prominence across Bundelkhand. To meet this growing demand, Kalsi Agriculture Industries and Gurunanak Iron Industries contributed their support by providing their assets in the year 2011.With increased capacity and resources, Company moved to a fully operational 1.48 acres factory in Babina town in Jhansi District of Uttar Pradesh.

By 2017, the company had become a trusted name as manufacturer of wheat and groundnut threshers in Bundelkhand region andacross Uttar Pradesh and Madhya Pradesh.In 2015-16, it established a new manufacturing facility in Durg District, Chhattisgarh, focusing initially on producing paddy threshers. and is presently engaged into manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more. Products include Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator, and others.

The Company has recently launched Combined Harvester which has not only met but exceeded customer expectations, in the market due to its advanced features, superior efficiency, and reliability.On April 01, 2024, the Babina unit in Jhansi was sold to Mr. Jagdish Singh (brother of Mr. Harjeet Singh) as a slump sale.

Following this transaction, the entire business has been operating from the Durg unit in Chhattisgarh State.Company is planning to make an IPO by issuing 38,40,000 equity shares of face value Rs 10/- each by raising funds aggregating to Rs 28.8Cr. through fresh issue.