About Bugworks Research India Private Limited
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Bugworks Research India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Bugworks Research Inc.. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 04 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2014PTC073409. Its GSTIN is 29AAFCB8332C1ZT (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Balasubramanian Venkataraman (Whole-Time Director) and Vasanthi Ramachandran.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.18 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.46 Cr (net margin 9.8%) and EBITDA of ₹3.8 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
The company is associated with 1 brand: Bugworks Research. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017. Its 6 peer companies in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development) are compared by revenue, 4 larger and 2 smaller; the largest is Dabur Research Foundation with revenue of ₹28.06 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bugworksresearch.com.
Company details
Contact details
Bugworks Research India Private Limited's registered office is in Bangalore, Karnataka. Its website is bugworksresearch.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 110 – A Evoma No. 88 Borewell Road Opposite Whitefield Post Office Whitefi, Eld, Bangalore, Karnataka, India – 560066
- IndustryPharma, Pharma Contract R&D
To see the full contact details of Bugworks Research India 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
Brands
Bugworks Research India operates one associated brand: Bugworks Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Drugs for antibiotic-resistant infections and cancer are developed. | bugworksresearch.com |
Business activity
The main business activity of Bugworks Research India is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Bugworks Research India Private Limited, buy the company report.
Financials of Bugworks Research India Private Limited
FY 2025 filings availableBugworks Research India Private Limited reported revenue of ₹25.18 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 10% 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 | FY 2020-21 |
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| EBITDA | ₹3.8 Cr | ||||
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| Net Profit (PAT) | ₹2.46 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 15.1% | ||||
| Net Profit Margin | 9.8% | ||||
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To see the full financial statements and ratios of Bugworks Research India Private Limited, buy the company report.
Board of directors of Bugworks Research India Private Limited
Bugworks Research India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Venkataraman | Whole-Time Director | 11 Sep 2014 | 12 Years 1 Months | Current |
| Vasanthi Ramachandran | Director | 26 May 2022 | 4 Years 4 Months | Current |
| Shahul Hameed Peer Mohamed | Director | 26 May 2022 | 4 Years 4 Months | Current |
Peer comparison
Bugworks Research India Private Limited is compared with the 6 companies closest to it by revenue in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dabur Research Foundation | ₹28.06 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Innoxel Lifesciences Private Limited | ₹27.98 Cr (FY 2025) | 648.0% | Vadodara, Gujarat, India | |||
| Therdose Pharma Private Limited | ₹26.66 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Vedic Lifesciences Private Limited | ₹26.36 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Bugworks Research India Private Limitedthis company | ₹25.18 Cr (FY 2025) | ₹2.46 Cr | 9.8% | -12.0% | Bangalore, Karnataka, India | |
| Zenrise Clinical Research Private Limited | ₹24.88 Cr (FY 2025) | -27.0% | Hyderabad, Telangana, India | |||
| Strategic Marketing Solutions and Research Centre Private Limited | ₹24.59 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Bugworks Research India Private Limited, buy the company report.
Auditor
Bugworks Research India Private Limited is audited by VENKAT & VASAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKAT & VASAN | FY 2023 | 004598S |
Shareholding
The shareholding of Bugworks Research India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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To see the full shareholding pattern of Bugworks Research India Private Limited, buy the company report.
Deals & funding
Bugworks Research India Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Bugworks Research Inc Seller: 2 individuals |
| Jul 2014 | Acquisition | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Bugworks Research India 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 Bugworks Research India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bugworks Research India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCB8332C1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bugworks Research India Private Limited, buy the company report.
Recent activity
Bugworks Research India Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Shahul Hameed Peer Mohamed ceased to be Additional Director on 30 Sep 2022.
News
Frequently asked questions
Bugworks Research India is an active private limited company based in Bangalore, Karnataka, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 04 February 2014 (12+ years old) and is registered under CIN U73100KA2014PTC073409.
Bugworks Research India has 3 current directors:
- Balasubramanian Venkataraman - Whole-Time Director
- Vasanthi Ramachandran - Director
- Shahul Hameed Peer Mohamed - Director
The latest financial statements of Bugworks Research India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bugworks Research India is 29AAFCB8332C1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Bugworks Research India is U73100KA2014PTC073409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bugworks Research India was incorporated on 04 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Bugworks Research India has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017.
The peers of Bugworks Research India by revenue are Dabur Research Foundation, Innoxel Lifesciences Private Limited, Therdose Pharma Private Limited, Vedic Lifesciences Private Limited, Zenrise Clinical Research Private Limited and 1 more, all in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development).
Shahul Hameed Peer Mohamed ceased to be Additional Director on 30 Sep 2022. Vasanthi Ramachandran ceased to be Additional Director on 30 Sep 2022. Santanu Datta ceased to be Director on 02 Jul 2022. Bugworks Research India has 9 board changes on record in total.
Bugworks Research India can be reached through the website bugworksresearch.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bugworks Research India is at Office No. 110 – A Evoma No. 88 Borewell Road Opposite Whitefield Post Office Whitefi, Eld, Bangalore, Karnataka, India – 560066.