MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0175174
Apindex Pharmaceuticals Private Limited
Apindex Pharmaceuticals Private Limited - pharma in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹59.49 Lakh
▲ 6% YoY
Net loss · FY 2025
₹3 Lakh
Net margin -5%
EBITDA · FY 2025
-₹2.83 Lakh
EBITDA margin -4.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Apindex Pharmaceuticals Private Limited
Data last updated:
Apindex Pharmaceuticals Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 06 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2021PTC125403. Its GSTIN is 24AAVCA7448J1Z2 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashish Bharatbhai Chovatiya and Bhumika Ashishbhai Chovatiya.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.49 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹3 Lakh (net margin -5%) and EBITDA of -₹2.83 Lakh (EBITDA margin -4.8%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
Apindex Pharmaceuticals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0175174).
Company details
CIN U24100GJ2021PTC125403
Registration Number 125403
Incorporation Date 06 September 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0175174
Recognitions & Rankings of Apindex Pharmaceuticals
Contact details
Apindex Pharmaceuticals Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressR S No. 402/1 – 2 Room 6 1st Floor Karshanbhai Ni Chal Vasta Devdi Road K, Atargam, Surat, Gujarat, India – 395004
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Apindex Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Apindex Pharmaceuticals Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Apindex Pharmaceuticals is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Apindex Pharmaceuticals Private Limited, buy the company report.
Financials of Apindex Pharmaceuticals Private Limited
FY 2025 filings availableApindex Pharmaceuticals Private Limited reported revenue of ₹59.49 Lakh (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹59.49 Lakh ▲ 6%
Net loss · FY 2025
₹3 Lakh margin -5%
EBITDA · FY 2025
-₹2.83 Lakh margin -4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 543%
Revenue has grown at a compounded annual rate (CAGR) of 36% over three years, including 6% growth in the latest year. EBITDA rose 17% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.83 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -4.8% | |||
| Net Profit Margin | -5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Apindex Pharmaceuticals Private Limited, buy the company report.
Board of directors of Apindex Pharmaceuticals Private Limited
Apindex Pharmaceuticals has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Bharatbhai Chovatiya | Director | 06 Sep 2021 | 5 Years 2 Months | Current |
| Bhumika Ashishbhai Chovatiya | Additional Director | 27 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Apindex Pharmaceuticals Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution, Pharmaceuticals), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brown Brunel Pharmaceuticals (OPC) Private Limited | ₹59.68 Lakh (FY 2021) | 481.0% | Anjuna, Goa, India | |||
| Oncare Pharmaceuticals Private Limited | ₹59.68 Lakh (FY 2024) | 33.0% | Chandigarh, India | |||
| Medicity Biopharma Private Limited | ₹59.56 Lakh (FY 2025) | 51.0% | Kanpur, Uttar Pradesh, India | |||
| Apindex Pharmaceuticals Private Limitedthis company | ₹59.49 Lakh (FY 2025) | -₹3 Lakh | -5% | 6.0% | Surat, Gujarat, India | |
| Arcutis Pharmaceuticals Private Limited | ₹59.4 Lakh (FY 2025) | 26.0% | Hyderabad, Telangana, India | |||
| Abdach Healthcare Private Limited | ₹59.34 Lakh (FY 2025) | 140.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Apindex Pharmaceuticals Private Limited, buy the company report.
Auditor
Apindex Pharmaceuticals Private Limited is audited by MEHUL M. SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHUL M. SHAH & ASSOCIATES | FY 2023 | 132074 |
Shareholding
The shareholding of Apindex Pharmaceuticals Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Apindex Pharmaceuticals Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Apindex Pharmaceuticals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Apindex Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Apindex Pharmaceuticals Private Limited has 1 active EPFO establishment as of Nov 12, 2026.
Active EPFO establishments
1
GST
Apindex Pharmaceuticals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCA7448J1Z2 | Gujarat | Active | 21 Oct 2021 |
To see the full GST registrations and return filing status of Apindex Pharmaceuticals Private Limited, buy the company report.
Recent activity
Apindex Pharmaceuticals Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Bhumika Ashishbhai Chovatiya was appointed as Additional Director on 27 Feb 2025.
AGM
Apindex Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Apindex Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Bhumika Ashishbhai Chovatiya was appointed as Additional Director.
Ceased
Piyan Ghanshyambhai Akbari ceased to be Director.
Ceased
Paritaben Satishbhai Tarpara ceased to be Director.
Appointed
Ashish Bharatbhai Chovatiya was appointed as Director.
Incorporation
06 Sep 2021
Apindex Pharmaceuticals Private Limited was registered on 06 Sep 2021 with Roc Ahmedabad & aged 5 years 2 months as per MCA records.
Frequently asked questions
Apindex Pharmaceuticals is an active private limited company based in Surat, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 06 September 2021 (5+ years old) and is registered under CIN U24100GJ2021PTC125403.
Apindex Pharmaceuticals has 2 current directors:
- Ashish Bharatbhai Chovatiya - Director
- Bhumika Ashishbhai Chovatiya - Additional Director
The latest financial statements of Apindex Pharmaceuticals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Apindex Pharmaceuticals is 24AAVCA7448J1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Apindex Pharmaceuticals is U24100GJ2021PTC125403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apindex Pharmaceuticals was incorporated on 06 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Apindex Pharmaceuticals by revenue are Brown Brunel Pharmaceuticals (OPC) Private Limited, Oncare Pharmaceuticals Private Limited, Medicity Biopharma Private Limited, Arcutis Pharmaceuticals Private Limited, Abdach Healthcare Private Limited, all in the Pharma industry (Pharma Retail and Distribution, Pharmaceuticals), with the same principal business activity (wholesale trading).
Bhumika Ashishbhai Chovatiya was appointed as Additional Director on 27 Feb 2025. Piyan Ghanshyambhai Akbari ceased to be Director on 27 Feb 2025. Paritaben Satishbhai Tarpara ceased to be Director on 29 Nov 2022. Apindex Pharmaceuticals has 4 board changes on record in total.
Yes, Apindex Pharmaceuticals is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0175174).
The registered office of Apindex Pharmaceuticals is at R S No. 4021 – 2 Room 6 1st Floor Karshanbhai Ni Chal Vasta Devdi Road K, Atargam, Surat, Gujarat, India – 395004.
Apindex Pharmaceuticals operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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