MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0183314
Flagship Ingrevia Private Limited
Flagship Ingrevia Private Limited - pharma in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹90.43 Lakh
▲ 324% YoY
Net loss · FY 2025
₹86.08 Lakh
Net margin -95.2%
EBITDA · FY 2025
-₹67.55 Lakh
EBITDA margin -74.7%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Flagship Ingrevia Private Limited
Data last updated:
Flagship Ingrevia Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Flagship Biotech International Private Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 29 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24290MH2021PTC359714. Its GSTIN is 27AAECF5473D1ZO (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Eswaran Krishnan Iyer and Shailesh Dilipbhai Patel.
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 Flat 602 Floor 6 Marvela Patlipada Hiranandani Estate Internal Road, Thane, Maharashtra, India – 400607.
As per the financials filed for FY 2025, the company reported a revenue of ₹90.43 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹86.08 Lakh (net margin -95.2%) and EBITDA of -₹67.55 Lakh (EBITDA margin -74.7%).
Flagship Ingrevia Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0183314).
Company details
CIN U24290MH2021PTC359714
Registration Number 359714
Incorporation Date 29 April 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Flagship Biotech International Private Limited
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0183314
Key People
Eswaran Krishnan Iyer Director Shailesh Dilipbhai Patel Director Kedar Avinash Vidhwans Director Recognitions & Rankings of Flagship Ingrevia
Contact details
Flagship Ingrevia Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat 602 Floor 6 Marvela Patlipada Hiranandani Estate Internal Road, Thane, Maharashtra, India – 400607
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Flagship Ingrevia Private Limited, buy the company report.
Comprehensive company report
Flagship Ingrevia 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 Flagship Ingrevia is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Flagship Ingrevia Private Limited, buy the company report.
Financials of Flagship Ingrevia Private Limited
FY 2025 filings availableFlagship Ingrevia Private Limited reported revenue of ₹90.43 Lakh (up 324% YoY) for FY 2025.
Revenue · FY 2025
₹90.43 Lakh ▲ 324%
Net loss · FY 2025
₹86.08 Lakh margin -95.2%
EBITDA · FY 2025
-₹67.55 Lakh margin -74.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 324%
EBITDA CAGR growth
1 year
▼ 41%
3 years · compounded
▼ 49%
Revenue rose 324% in the latest year. EBITDA fell 41% 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 | -₹67.55 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹86.08 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 | -74.7% | |||
| Net Profit Margin | -95.2% | |||
| 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 Flagship Ingrevia Private Limited, buy the company report.
Board of directors of Flagship Ingrevia Private Limited
Flagship Ingrevia has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eswaran Krishnan Iyer | Director | 29 Apr 2021 | 5 Years 6 Months | Current |
| Shailesh Dilipbhai Patel | Director | 29 Apr 2021 | 5 Years 6 Months | Current |
| Kedar Avinash Vidhwans Also directs: Blue Paradigm Pharmaceuticals LLP, Brigid Wellness Private Limited, Sushma Technology Private Limited and 3 more | Director | 29 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Flagship Ingrevia Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trade, except of motor vehicles and motorcycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aad Marketing Engineers Private Limited | ₹90.7 Lakh (FY 2025) | -12.0% | Nagpur, Maharashtra, India | |||
| MTC Graphics Private Limited | ₹90.65 Lakh (FY 2025) | Chennai, Tamil Nadu, India | ||||
| Shri Vaari Cements Private Limited | ₹90.6 Lakh (FY 2025) | 1016.0% | Dharapuram, Tamil Nadu, India | |||
| GBM Steel Private Limited | ₹90.55 Lakh (FY 2024) | -83.0% | Indore, Madhya Pradesh, India | |||
| Aayyuskaam Private Limited | ₹90.54 Lakh (FY 2025) | 90.0% | New Delhi, Delhi, India | |||
| Flagship Ingrevia Private Limitedthis company | ₹90.43 Lakh (FY 2025) | -₹86.08 Lakh | -95.2% | 324.0% | Thane, Maharashtra, India | |
| Fragrance Delivery Technologies Private Limited | ₹90.39 Lakh (FY 2024) | 48.0% | Thane, Maharashtra, India | |||
| Cde Creative Connect Private Limited | ₹90.23 Lakh (FY 2025) | 1.0% | Delhi, India | |||
| Ankal Tiles Private Limited | ₹90.21 Lakh (FY 2025) | -2.0% | Tirupur, Tamil Nadu, India | |||
| East India Coatings Private Limited | ₹90.21 Lakh (FY 2024) | -48.0% | Kolkata, West Bengal, India | |||
| Sathi Agricultural Multi Himghar Private Limited | ₹90.21 Lakh (FY 2025) | 33.0% | Purbo Bardhaman, West Bengal, India |
To see the full peer comparison of Flagship Ingrevia Private Limited, buy the company report.
Auditor
Flagship Ingrevia Private Limited is audited by DINESH AMOD KELKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH AMOD KELKAR | FY 2023 | 046900 |
Shareholding
The shareholding of Flagship Ingrevia 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 Flagship Ingrevia Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Flagship Ingrevia 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
Flagship Ingrevia Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 30 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Flagship Biotech International Private Limited | |||
| CS Continental Marketing Private Limited |
To see the full MSME payment records of Flagship Ingrevia Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Flagship Ingrevia Private Limited has 1 active EPFO establishment as of Apr 04, 2024.
Active EPFO establishments
1
GST
Flagship Ingrevia has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECF5473D1ZO | Maharashtra | Active | 05 Jun 2021 |
To see the full GST registrations and return filing status of Flagship Ingrevia Private Limited, buy the company report.
Recent activity
Flagship Ingrevia Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Mukeshkumar Nathalal Vaghela ceased to be Director on 31 Mar 2023.
AGM
Flagship Ingrevia Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Flagship Ingrevia Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Mukeshkumar Nathalal Vaghela ceased to be Director.
Appointed
Eswaran Krishnan Iyer was appointed as Director.
Appointed
Kedar Avinash Vidhwans was appointed as Director.
Appointed
Shailesh Dilipbhai Patel was appointed as Director.
Incorporation
29 Apr 2021
Flagship Ingrevia Private Limited was registered on 29 Apr 2021 with Roc Mumbai & aged 5 years 6 months as per MCA records.
Frequently asked questions
Flagship Ingrevia is an active private limited company based in Thane, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 29 April 2021 (5+ years old) and is registered under CIN U24290MH2021PTC359714.
Flagship Ingrevia has 3 current directors:
- Eswaran Krishnan Iyer - Director
- Shailesh Dilipbhai Patel - Director
- Kedar Avinash Vidhwans - Director
The latest financial statements of Flagship Ingrevia 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 Flagship Ingrevia is 27AAECF5473D1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Flagship Ingrevia is U24290MH2021PTC359714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flagship Ingrevia was incorporated on 29 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flagship Ingrevia by revenue are Aad Marketing Engineers Private Limited, MTC Graphics Private Limited, Shri Vaari Cements Private Limited, GBM Steel Private Limited, Aayyuskaam Private Limited and 5 more, all in the same principal business activity (wholesale trade, except of motor vehicles and motorcycles).
Mukeshkumar Nathalal Vaghela ceased to be Director on 31 Mar 2023. Eswaran Krishnan Iyer was appointed as Director on 29 Apr 2021. Kedar Avinash Vidhwans was appointed as Director on 29 Apr 2021. Flagship Ingrevia has 4 board changes on record in total.
Yes, Flagship Ingrevia is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0183314).
Flagship Ingrevia has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 30 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Flagship Ingrevia is at Flat 602 Floor 6 Marvela Patlipada Hiranandani Estate Internal Road, Thane, Maharashtra, India – 400607.
Flagship Ingrevia operates in the pharma industry, in the drug formulation and development segment.