MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0051407
Ethitrials Contract Research Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹29.27 Lakh
▲ 20% YoY
Net profit · FY 2024
₹9,070
Net margin 0.3%
EBITDA · FY 2024
₹1.45 Lakh
EBITDA margin 4.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ethitrials Contract Research Private Limited
Data last updated:
Ethitrials Contract Research Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 07 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U73100GJ2016PTC085654. Its GSTIN is 24AAECE1693C1ZZ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Darshil Dilipbhai Shah and Charminkumar Babubhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 904 Signature – 2 Sarkhej – Sanand Highway Vill: Sarkhej, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.27 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹9,070 (net margin 0.3%) and EBITDA of ₹1.45 Lakh (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 12% over five years.
Ethitrials Contract Research Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0051407). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethitrials.com.
Company details
CIN U73100GJ2016PTC085654
Registration Number 085654
Incorporation Date 07 January 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0051407
Key People
Darshil Dilipbhai Shah Director Charminkumar Babubhai Patel Director Bhaumik Subhash Mody Director Recognitions & Rankings of Ethitrials Contract Research
Contact details
Ethitrials Contract Research Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ethitrials.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 904 Signature – 2 Sarkhej – Sanand Highway Vill: Sarkhej, Ahmedabad, Gujarat, India – 382210
- IndustryPharma, Pharma Contract R&D
To see the full contact details of Ethitrials Contract Research Private Limited, buy the company report.
Comprehensive company report
Ethitrials Contract Research 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 Ethitrials Contract Research 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 Ethitrials Contract Research Private Limited, buy the company report.
Financials of Ethitrials Contract Research Private Limited
FY 2024 filings availableEthitrials Contract Research Private Limited reported revenue of ₹29.27 Lakh (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹29.27 Lakh ▲ 20%
Net profit · FY 2024
₹9,070 margin 0.3%
EBITDA · FY 2024
₹1.45 Lakh margin 4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▼ 18%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▲ 129%
3 years · compounded
▼ 42%
5 years · compounded
▼ 31%
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 129% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.45 Lakh | ||||
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| Net Profit (PAT) | ₹9,070 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Ethitrials Contract Research Private Limited, buy the company report.
Board of directors of Ethitrials Contract Research Private Limited
Ethitrials Contract Research has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshil Dilipbhai Shah Also directs: Supriya Ceramic LLP, Areca Polyflex Private Limited | Director | 26 Jun 2025 | 1 Years 4 Months | Current |
| Charminkumar Babubhai Patel Also directs: VC Bioscience LLP | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Bhaumik Subhash Mody | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Ethitrials Contract Research Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Omicsgen Lifesciences Private Limited | ₹29.32 Lakh (FY 2024) | -25.0% | Kanayannur, Kerala, India | |||
| Ethitrials Contract Research Private Limitedthis company | ₹29.27 Lakh (FY 2024) | ₹9,070 | 0.3% | 20.0% | Ahmedabad, Gujarat, India | |
| Nkure Therapeutics Private Limited | ₹28.47 Lakh (FY 2025) | 87.0% | Bangalore, Karnataka, India | |||
| Ikesia Biologics Private Limited | ₹27.4 Lakh (FY 2024) | Bangalore, Karnataka, India |
To see the full peer comparison of Ethitrials Contract Research Private Limited, buy the company report.
Auditor
Ethitrials Contract Research Private Limited is audited by R R GOHIL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R GOHIL & CO | FY 2023 | 174523 |
Shareholding
The shareholding of Ethitrials Contract Research 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ethitrials Contract Research Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ethitrials Contract Research 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 Ethitrials Contract Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ethitrials Contract Research has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECE1693C1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethitrials Contract Research Private Limited, buy the company report.
Recent activity
Ethitrials Contract Research Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Bhaumik Subhash Mody ceased to be Director on 27 Jun 2025.
Ceased
Bhaumik Subhash Mody ceased to be Director.
Appointed
Darshil Dilipbhai Shah was appointed as Director.
AGM
Ethitrials Contract Research Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ethitrials Contract Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Mina Subhash Modi ceased to be Director.
Ceased
Subhash Trambaklal Modi ceased to be Director.
Ceased
Vishva Bhaumik Mody ceased to be Director.
Appointed
Bhaumik Subhash Mody was appointed as Director.
Appointed
Charminkumar Babubhai Patel was appointed as Director.
Incorporation
07 Jan 2016
Ethitrials Contract Research Private Limited was registered on 07 Jan 2016 with Roc Ahmedabad & aged 10 years 9 months as per MCA records.
Frequently asked questions
Ethitrials Contract Research is an active private limited company based in Ahmedabad, Gujarat, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 07 January 2016 (10+ years old) and is registered under CIN U73100GJ2016PTC085654.
Ethitrials Contract Research has 3 current directors:
- Darshil Dilipbhai Shah - Director
- Charminkumar Babubhai Patel - Director
- Bhaumik Subhash Mody - Director
The latest financial statements of Ethitrials Contract Research on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Ethitrials Contract Research is 24AAECE1693C1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Ethitrials Contract Research is U73100GJ2016PTC085654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethitrials Contract Research was incorporated on 07 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ethitrials Contract Research by revenue are Omicsgen Lifesciences Private Limited, Nkure Therapeutics Private Limited, Ikesia Biologics Private Limited, all in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development).
Bhaumik Subhash Mody ceased to be Director on 27 Jun 2025. Darshil Dilipbhai Shah was appointed as Director on 26 Jun 2025. Mina Subhash Modi ceased to be Director on 06 May 2019. Ethitrials Contract Research has 7 board changes on record in total.
Yes, Ethitrials Contract Research is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0051407).
Ethitrials Contract Research can be reached through the website ethitrials.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ethitrials Contract Research is at B – 904 Signature – 2 Sarkhej – Sanand Highway Vill: Sarkhej, Ahmedabad, Gujarat, India – 382210.