About Blue Circle Organics Private Limited
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Blue Circle Organics Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 07 April 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U15100MH2003PTC139929. Its GSTIN is 27AACCB4918M1ZF (Maharashtra).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.3 Cr. It was led by directors including Naresh Suryakant Shah and Popat Bhagwan Kedar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 34 Empire Building1St Floor D N Road 146 Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹243.24 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹18.06 Cr (net margin 7.4%) and EBITDA of ₹47.74 Cr (EBITDA margin 19.6%).
The company had about 58 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 1 case is pending. The company has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.93 Cr; the latest was in April 2016. Its 8 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is East India Pharmaceutical Works Limited with revenue of ₹249.94 Cr.
The last known website on record is bluecircle.net.in.
Company details
CIN history
Blue Circle Organics has one previous CIN (Corporate Identification Number): U24299MH2003PTC139929. The current CIN is U15100MH2003PTC139929, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15100MH2003PTC139929 | Current |
| U24299MH2003PTC139929 | Previous |
Contact details
Blue Circle Organics Private Limited's registered office is in Mumbai, Maharashtra. Its website is bluecircle.net.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address34 Empire Building1St Floor D N Road 146 Fort, Mumbai, Maharashtra, India – 400001
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Blue Circle Organics Private Limited, buy the company report.
- 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
Business activity
The main business activity of Blue Circle Organics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Blue Circle Organics Private Limited, buy the company report.
Financials of Blue Circle Organics Private Limited
FY 2019 filings availableBlue Circle Organics Private Limited reported revenue of ₹243.24 Cr (up 35% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year. EBITDA rose 87% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹243.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹47.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.06 Cr | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.6% | ||||
| Net Profit Margin | 7.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Blue Circle Organics Private Limited, buy the company report.
Board of directors of Blue Circle Organics Private Limited
Blue Circle Organics has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Suryakant Shah Also directs: Blue Jet Healthcare Limited | Director | 12 Feb 2018 | 8 Years 8 Months | As last reported |
| Popat Bhagwan Kedar Also directs: Blue Jet Healthcare Limited | Director | 22 Oct 2020 | 6 Years 0 Months | As last reported |
| Shiven Akshay Arora Also directs: Blue Jet Healthcare Limited | Director | 12 Feb 2018 | 8 Years 8 Months | As last reported |
| Akshay Bansarilal Arora Also directs: Deltoris Realtors LLP, Blue Jet Healthcare Limited, Blue Circle Speciality Chemicals Private Limited and 1 more | Director | 07 Apr 2003 | 23 Years 6 Months | As last reported |
Peer comparison
Blue Circle Organics Private Limited is compared with the 8 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| East India Pharmaceutical Works Limited | ₹249.94 Cr (FY 2024) | Kolkata, West Bengal, India | ||||
| Aet Laboratories Private Limited | ₹246.84 Cr (FY 2025) | 15.0% | Sangareddy, Telangana, India | |||
| Icpa Health Products Ltd | ₹246.81 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Vivek Pharmachem (India) Limited | ₹245.53 Cr (FY 2025) | -8.0% | Jaipur, Rajasthan, India | |||
| Blue Circle Organics Private Limitedthis company | ₹243.24 Cr (FY 2019) | ₹18.06 Cr | 7.4% | 35.0% | 58 | Mumbai, Maharashtra, India |
| Khandelwal Laboratories Private Limited | ₹240.41 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Ideal Cures Private Limited | ₹239.81 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Healthcaps India Limited | ₹239.43 Cr (FY 2025) | -2.0% | Fatehpur, Punjab, India | |||
| Kemwell Biopharma Private Limited | ₹239.14 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Blue Circle Organics Private Limited, buy the company report.
Auditor
Blue Circle Organics Private Limited is audited by S S TRIMBAKKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S TRIMBAKKAR & CO | FY 2019 | 121362W |
Shareholding
The shareholding of Blue Circle Organics Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Blue Circle Organics Private Limited, buy the company report.
Deals & funding
Blue Circle Organics Private Limited has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.93 Cr; the latest was in April 2016.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ifsl Limited , Anikesh Trading Private Limited , HPL Multi Trade Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Talent Infoway Limited , Buniyad Chemicals Ltd. |
| May 2010 | Funding round | ₹80 Lakh | Investors: Ifsl Limited |
| Mar 2010 | Funding round | ₹2 Cr | Investors: Ifsl Limited |
| Mar 2010 | Funding round | ₹15 Lakh | Investors: Algorithmic Software Systems Private Limited |
To see the full deal history of Blue Circle Organics Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Circle Organics Private Limited has 8 court cases on record: 4 filed by Blue Circle Organics, 4 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 1 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2 | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M. P. Hule, Inspector Maha. Pvt. Security Guard | Disposed |
To see the full case history of Blue Circle Organics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Blue Circle Organics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Blue Circle Organics Private Limited has a workforce of 58 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Blue Circle Organics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB4918M1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Blue Circle Organics Private Limited, buy the company report.
Recent activity
Blue Circle Organics Private Limited has 5 board changes on record since 2003: 4 appointments and 1 cessation. The latest: Popat Bhagwan Kedar was appointed as Director on 22 Oct 2020.
Frequently asked questions
Blue Circle Organics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Blue Circle Organics was a private limited company based in Mumbai, Maharashtra, India. The company worked in drug formulation and development, within the pharma industry. It was incorporated on 07 April 2003 and is registered under CIN U15100MH2003PTC139929. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Blue Circle Organics was incorporated on 07 April 2003. It is registered with the Registrar of Companies, Mumbai.
Blue Circle Organics had 4 directors:
- Naresh Suryakant Shah - Director
- Popat Bhagwan Kedar - Director
- Shiven Akshay Arora - Director
- Akshay Bansarilal Arora - Director
The CIN (Corporate Identification Number) of Blue Circle Organics is U15100MH2003PTC139929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Blue Circle Organics is at 34 Empire Building1St Floor D N Road 146 Fort, Mumbai, Maharashtra, India – 400001.
Blue Circle Organics can be reached through the website bluecircle.net.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Blue Circle Organics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Blue Circle Organics is 27AACCB4918M1ZF, registered in Maharashtra.
Blue Circle Organics operated in the pharma industry, in the drug formulation and development segment.
Blue Circle Organics has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.93 Cr; the latest was in April 2016.