About Maitree Research Private Limited
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Maitree Research 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 12 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U73100GJ2014PTC080768. Its GSTIN is 24AAJCM3665M1Z1 (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 Manish Chandrakant Shukla and Jayantibhai Ramjibhai Padsumbiya.
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 1 Kalpana Society B/H Navrangpura Post Office Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.5 Lakh. For the same year it recorded a net profit of ₹12.45 Lakh (net margin 80.3%) and EBITDA of ₹14.67 Lakh (EBITDA margin 94.6%). Revenue has grown at a compounded annual rate (CAGR) of 574% over three years and 46% over five years.
The company is associated with 1 brand: Maitree Research.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maitreeresearch.com.
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- Website
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- Registered Address1 Kalpana Society B/H Navrangpura Post Office Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Financials of Maitree Research Private Limited FY 2025 filings available
Maitree Research Private Limited reported revenue of ₹15.5 Lakh for FY 2025.
Compounded Annual Growth Rate (CAGR) of Maitree Research Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years. EBITDA rose 289% 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 of Maitree Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.67 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.45 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Maitree Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 80.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maitree Research are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Maitree Research Private Limited
Maitree Research Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avenida Healthcare Private Limited | ₹15.82 Lakh (FY 2025) | •••• | •••• | 31.0% | •••• | Kolkata, West Bengal, India |
| Nevas Life Sciences Private Limited | ₹15.77 Lakh (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Eco-Dynamic Sun Chemcon Private Limited | ₹15.72 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Nashik, Maharashtra, India |
| Vindhyan Ayurvedic Pharmaceuticals Pvt Ltd | ₹15.64 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Ernakulam, Kerala, India |
| Revolutionlife Pharmaceuticals Private Limited | ₹15.53 Lakh (FY 2020) | •••• | •••• | 41.0% | •••• | Lucknow, Uttar Pradesh, India |
| Maitree Research Private Limited this company | ₹15.5 Lakh (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Baljiwan Herbal Care Private Limited | ₹15.5 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Numcure Pharmaceutical Private Limited | ₹15.49 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Ongole, Andhra Pradesh, India |
| The Ethical Pharmaceutical Co. Private Limited | ₹15.46 Lakh (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Drhealth Pharmaceuticals Private Limited | ₹15.44 Lakh (FY 2021) | •••• | •••• | -58.0% | •••• | Palghar West, Maharashtra, India |
| Snoval Pharmaceuticals Pvt Ltd | ₹15.4 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maitree Research by revenue in the Pharma industry (Formulations), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Maitree Research Private Limited
Maitree Research Private Limited is audited by SAREMAL & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAREMAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Maitree Research Private Limited
Maitree Research has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Chandrakant Shukla | Director | 21 Oct 2014 | 11 Years 11 Months | Current |
| Jayantibhai Ramjibhai Padsumbiya | Director | 12 Sep 2014 | 12 Years 0 Months | Current |
| Ashish Rajnikant Mehta Also directs: Oasis Test House (Ahm) LLP, BCM Healthcare Private Limited | Director | 12 Sep 2014 | 12 Years 0 Months | Current |
Ownership and Shareholding of Maitree Research Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Maitree Research Private Limited
Maitree Research Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Maitree Research Private Limited
Maitree Research operates one associated brand: Maitree Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers custom synthesis of intermediates, impurities, and specialty chemicals for clients. | maitreeresearch.com |
Employees and EPFO Compliance at Maitree Research Private Limited
Employment history and EPFO contributions of people linked to Maitree Research.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Maitree Research Private Limited
Maitree Research Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Manish Chandrakant Shukla ceased to be Additional Director on 30 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Maitree Research Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Maitree Research Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maitree Research Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maitree Research Private Limited
Maitree Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM3665M1Z1 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maitree Research Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maitree Research Private Limited
Maitree Research 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 12 September 2014 (12+ years old) and is registered under CIN U73100GJ2014PTC080768.
Maitree Research reported revenue of ₹15.5 Lakh for FY 2025.
Maitree Research has 3 current directors:
- Manish Chandrakant Shukla - Director
- Jayantibhai Ramjibhai Padsumbiya - Director
- Ashish Rajnikant Mehta - Director
Maitree Research reported a net profit of ₹12.45 Lakh (net margin 80.3%) and EBITDA of ₹14.67 Lakh (EBITDA margin 94.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maitree Research is 574% over three years and 46% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maitree Research is 24AAJCM3665M1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Maitree Research is U73100GJ2014PTC080768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maitree Research was incorporated on 12 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Maitree Research by revenue are Avenida Healthcare Private Limited, Nevas Life Sciences Private Limited, Eco-Dynamic Sun Chemcon Private Limited, Vindhyan Ayurvedic Pharmaceuticals Pvt Ltd, Revolutionlife Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (Formulations).
Manish Chandrakant Shukla ceased to be Additional Director on 30 Sep 2015. Manish Chandrakant Shukla was appointed as Director on 21 Oct 2014. Ashish Rajnikant Mehta was appointed as Director on 12 Sep 2014. Maitree Research has 4 board changes on record in total.
Maitree Research can be reached through the website maitreeresearch.com. Its registered office is in Ahmedabad, Gujarat, India.