About M. Bhandari Chem. Private Limited
Data last updated:
M. Bhandari Chem. Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 21 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2009PTC057018. Its GSTIN is 24AAGCM0368Q1Z2 (Gujarat).
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹4.05 Lakh. It is led by directors Neeru Prakash Bhandari and Prakash Bhandari Babulal.
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 2 Blue Haven Opp. Meghalay Flats, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.07 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Lakh (net margin 1.6%) and EBITDA of ₹7.01 Lakh (EBITDA margin 7.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mbcpl.com.
Company details
Contact details
M. Bhandari Chem. Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mbcpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 2 Blue Haven Opp. Meghalay Flats, Ahmedabad, Gujarat, India – 380014
- IndustryPharma, Drug Formulation & Development
To see the full contact details of M. Bhandari Chem. 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 M. Bhandari Chem 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 M. Bhandari Chem. Private Limited, buy the company report.
Financials of M. Bhandari Chem. Private Limited
FY 2025 filings availableM. Bhandari Chem. Private Limited reported revenue of ₹99.07 Lakh (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 26% fall in the latest year. EBITDA fell 61% 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 | ₹7.01 Lakh | ||||
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| Net Profit (PAT) | ₹1.59 Lakh | ||||
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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 | 7.1% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of M. Bhandari Chem. Private Limited, buy the company report.
Board of directors of M. Bhandari Chem. Private Limited
M. Bhandari Chem has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeru Prakash Bhandari Also directs: Nexora Solutions LLP | Director | 21 May 2009 | 17 Years 5 Months | Current |
| Prakash Bhandari Babulal Also directs: Nexora Solutions LLP, Azlin Consultants Private Limited | Director | 21 May 2009 | 17 Years 5 Months | Current |
Peer comparison
M. Bhandari Chem. Private Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Formulations), 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 |
|---|---|---|---|---|---|---|
| M. Bhandari Chem. Private Limitedthis company | ₹99.07 Lakh (FY 2025) | ₹1.59 Lakh | 1.6% | -26.0% | Ahmedabad, Gujarat, India | |
| Carat Healthcare Private Limited | ₹98.5 Lakh (FY 2024) | -35.0% | Patna, Bihar, India | |||
| Rishisun Healthcare Limited | ₹98.49 Lakh (FY 2020) | 95.0% | New Delhi, Delhi, India | |||
| Tharana Healthcare Private Limited | ₹98.44 Lakh (FY 2023) | -46.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of M. Bhandari Chem. Private Limited, buy the company report.
Auditor
M. Bhandari Chem. Private Limited is audited by KIRITBHAI SONI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRITBHAI SONI & ASSOCIATES | FY 2018 | 119911W |
Shareholding
The shareholding of M. Bhandari Chem. Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of M. Bhandari Chem. Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving M. Bhandari Chem. 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 M. Bhandari Chem. Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M. Bhandari Chem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCM0368Q1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M. Bhandari Chem. Private Limited, buy the company report.
Recent activity
M. Bhandari Chem. Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Nikunj Prakash Bhandari ceased to be Director on 21 Nov 2020.
Frequently asked questions
M. Bhandari Chem is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 21 May 2009 (17+ years old) and is registered under CIN U24100GJ2009PTC057018.
M. Bhandari Chem has 2 current directors:
- Neeru Prakash Bhandari - Director
- Prakash Bhandari Babulal - Director
The latest financial statements of M. Bhandari Chem on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of M. Bhandari Chem is 24AAGCM0368Q1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of M. Bhandari Chem is U24100GJ2009PTC057018. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M. Bhandari Chem was incorporated on 21 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of M. Bhandari Chem by revenue are Carat Healthcare Private Limited, Rishisun Healthcare Limited, Tharana Healthcare Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (wholesale trading).
Nikunj Prakash Bhandari ceased to be Director on 21 Nov 2020. Ashok Bhurmal Kothari ceased to be Director on 12 Mar 2014. Nilza Prakashchandra Bhandari ceased to be Director on 12 Mar 2014. M. Bhandari Chem has 5 board changes on record in total.
M. Bhandari Chem can be reached through the website mbcpl.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of M. Bhandari Chem is at C – 2 Blue Haven Opp. Meghalay Flats, Ahmedabad, Gujarat, India – 380014.
M. Bhandari Chem operates in the pharma industry, in the drug formulation and development segment.
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