MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GJ-24-0002739
Mil Laboratories Private Limited - healthcare in Savli, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.46 Cr
▲ 15% YoY
Net loss · FY 2024
₹2.64 Cr
Net margin -27.9%
EBITDA · FY 2024
-₹2.27 Cr
EBITDA margin -24%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
21 yrs
Est. 2005
Employees · EPFO
56
Provident fund records
Directors on board
2
As per MCA filings
About Mil Laboratories Private Limited
Data last updated:
Mil Laboratories Private Limited is a private limited company based in Savli, Gujarat, India. It operates in the preventive health supplements segment of the healthcare sector. It was incorporated on 29 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51507GJ2005PTC108602. Its GSTIN is 24AAMFM2479F1Z5 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Girish Ratilal Desai (Whole-Time Director) and Shruti Girish Desai.
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 Plot No. 541 542 567 568, GIDC Industrial Estate Manjusar Savli, Gujarat, India – 391775.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.46 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹2.64 Cr (net margin -27.9%) and EBITDA of -₹2.27 Cr (EBITDA margin -24%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 18% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mil Laboratories.
Mil Laboratories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0002739). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website millaboratories.in.
Company details
CIN U51507GJ2005PTC108602
Registration Number 108602
Incorporation Date 29 April 2005
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0002739
CIN history
Mil Laboratories has one previous CIN (Corporate Identification Number): U51507MH2005PTC152896. The current CIN is U51507GJ2005PTC108602, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51507GJ2005PTC108602 | Current |
| U51507MH2005PTC152896 | Previous |
Recognitions & Rankings of Mil Laboratories
Contact details
Mil Laboratories Private Limited's registered office is in Savli, Gujarat. Its website is millaboratories.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 541 542 567 568, GIDC Industrial Estate Manjusar Savli, Gujarat, India – 391775
- IndustryHealthcare, Preventive Health Supplements
To see the full contact details of Mil Laboratories Private Limited, buy the company report.
Comprehensive company report
Mil Laboratories 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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Brands
Mil Laboratories operates one associated brand: Mil Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Disinfection and advanced wound care products in healthcare. | millaboratories.in |
Business activity
The main business activity of Mil Laboratories is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Mil Laboratories Private Limited, buy the company report.
Financials of Mil Laboratories Private Limited
FY 2025 filings availableMil Laboratories Private Limited reported revenue of ₹9.46 Cr (up 15% YoY) for FY 2024.
Revenue · FY 2024
₹9.46 Cr ▲ 15%
Net loss · FY 2024
₹2.64 Cr margin -27.9%
EBITDA · FY 2024
-₹2.27 Cr margin -24%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 7%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 63%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 15% growth in the latest year. EBITDA fell 46% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.64 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24% | ||||
| Net Profit Margin | -27.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Mil Laboratories Private Limited, buy the company report.
Board of directors of Mil Laboratories Private Limited
Mil Laboratories has 2 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 |
|---|---|---|---|---|
| Girish Ratilal Desai Also directs: Mil Pharmaceuticals Private Limited | Whole-Time Director | 29 Apr 2005 | 21 Years 6 Months | Current |
| Shruti Girish Desai Also directs: Mil Pharmaceuticals Private Limited, Chemicoat Inks LLP | Director | 15 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Mil Laboratories Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Preventive Healthcare Supplements), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Glocrest Pharmaceutical Private Limited | ₹9.79 Cr (FY 2025) | 16.0% | Thane, Maharashtra, India | |||
| Bionova Research Labs Private Limited | ₹9.64 Cr (FY 2024) | 2.0% | Bangalore, Karnataka, India | |||
| Mil Laboratories Private Limitedthis company | ₹9.46 Cr (FY 2024) | -₹2.64 Cr | -27.9% | 15.0% | 56 | Savli, Gujarat, India |
| Nucgnex Lifesciences Private Limited | ₹9.31 Cr (FY 2024) | 48.0% | Pune, Maharashtra, India |
To see the full peer comparison of Mil Laboratories Private Limited, buy the company report.
Auditor
Mil Laboratories Private Limited is audited by K C MEHTA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C MEHTA & CO | FY 2022 | 106237W |
Shareholding
The shareholding of Mil Laboratories Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mil Laboratories Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mil Laboratories 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
Mil Laboratories Private Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 893 overdue payments to 93 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 (5 of 93)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Advance Petrochemicals Limited | |||
| Mil Pharmaceuticals Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mil Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mil Laboratories Private Limited has a workforce of 56 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
-18.84%
GST
Mil Laboratories has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMFM2479F1Z5 | Gujarat | Active | 01 Jul 2017 |
| 27AAMFM2479F1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mil Laboratories Private Limited, buy the company report.
Recent activity
Mil Laboratories Private Limited has 6 board changes on record since 2005: 2 appointments and 4 cessations. The latest: Shruti Girish Desai was appointed as Director on 15 Mar 2024.
AGM
Mil Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mil Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Shruti Girish Desai was appointed as Director.
Ceased
Ajit Kumar Ray ceased to be Additional Director.
Ceased
Jayesh Nanalal Shanghvi ceased to be Director.
Ceased
Shruti Girish Desai ceased to be Director.
Ceased
Girish Ratilal Desai ceased to be Director.
Appointed
Girish Ratilal Desai was appointed as Whole-Time Director.
Incorporation
29 Apr 2005
Mil Laboratories Private Limited was registered on 29 Apr 2005 with Roc Ahmedabad & aged 21 years 6 months as per MCA records.
Frequently asked questions
Mil Laboratories is an active private limited company based in Savli, Gujarat, India. The company works in preventive health supplements, within the healthcare industry. It was incorporated on 29 April 2005 (21+ years old) and is registered under CIN U51507GJ2005PTC108602.
Mil Laboratories has 2 current directors:
- Girish Ratilal Desai - Whole-Time Director
- Shruti Girish Desai - Director
The latest financial statements of Mil Laboratories 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 2015 are in the company report.
The GSTIN of Mil Laboratories is 24AAMFM2479F1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAMFM2479F1ZZ (Maharashtra).
The CIN (Corporate Identification Number) of Mil Laboratories is U51507GJ2005PTC108602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mil Laboratories was incorporated on 29 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mil Laboratories by revenue are Glocrest Pharmaceutical Private Limited, Bionova Research Labs Private Limited, Nucgnex Lifesciences Private Limited, all in the Healthcare industry (Preventive Healthcare Supplements), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Shruti Girish Desai was appointed as Director on 15 Mar 2024. Ajit Kumar Ray ceased to be Additional Director on 30 Sep 2022. Jayesh Nanalal Shanghvi ceased to be Director on 22 Dec 2018. Mil Laboratories has 6 board changes on record in total.
Yes, Mil Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0002739).
Mil Laboratories has 18 MSME Form 1 returns on record between 2019 and 2024, listing 893 overdue payments to 93 micro and small suppliers. The latest return was filed on 16 Apr 2024.
Mil Laboratories can be reached through the website millaboratories.in. Its registered office is in Savli, Gujarat, India.
The registered office of Mil Laboratories is at Plot No. 541 542 567 568, GIDC Industrial Estate Manjusar Savli, Gujarat, India – 391775.
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