Support and Resistance Levels
Past performance
About Gurunanak Agriculture India Ltd **Gurunanak Agriculture India Limited** is a public limited company specializing in the manufacturing of high-quality agricultural machinery. Founded by visionary entrepreneur Mr. Sukhdev Singh in 2010 in Babina, Jhansi, Uttar Pradesh, the company traces its origins to the production of essential farming tools for local farmers. Over the years, the business expanded its product portfolio and operational capacity, becoming a trusted provider of advanced agricultural equipment in Uttar Pradesh, Madhya Pradesh, and Chhattisgarh.
The company operates out of a state-of-the-art manufacturing facility in Durg, Chhattisgarh, after selling its original Babina unit in Jhansi in April 2024. Gurunanak Agriculture India Limited’s product range includes threshers (Paddy, Groundnut, Wheat, Maize, and Multi-crop), harvesters, reapers, rotavators, and cultivators. Recently, the company launched a Combined Harvester, which has gained market traction due to its advanced features, efficiency, and reliability. The company’s continuous focus on innovation and meeting farmer requirements has allowed it to maintain a strong presence in the agriculture machinery space.
Initially operating through two proprietorship firms established by the founder's sons – Kalsi Agriculture Industries and Gurunanak Iron Industries – the business scaled up significantly after 2010. This expansion coincided with increased demand for threshers as agricultural mechanization gained traction in India. By leveraging its expanded resources and expertise, Gurunanak Agriculture India Limited solidified its reputation as a quality manufacturer in the Bundelkhand region by 2017.
The company plans to fuel further growth through an IPO, aiming to raise Rs 28.8 Cr by issuing 38,40,000 equity shares with a face value of Rs 10/- each. These funds will likely support business expansion and enhance operational capabilities, making Gurunanak Agriculture India Limited a potential investment opportunity in the agricultural machinery sector.