MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0249348
Off Targets Research Private Limited
Off Targets Research Private Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.28 Cr
Latest filing
Net loss · FY 2024
₹67.6 Lakh
Net margin -29.6%
EBITDA · FY 2024
-₹47.63 Lakh
EBITDA margin -20.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
22
Provident fund records
Directors on board
2
As per MCA filings
About Off Targets Research Private Limited
Data last updated:
Off Targets Research Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 29 June 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24110KA2022PTC163131. Its GSTIN is 29AADCO8253D1ZC (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Pradeep Karatgi and Joti Jain.
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 No 287 New No114/10/1A Hoodi Village, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.28 Cr. For the same year it recorded a net loss of ₹67.6 Lakh (net margin -29.6%) and EBITDA of -₹47.63 Lakh (EBITDA margin -20.9%).
The company has about 22 employees on its provident fund (EPFO) records.
Off Targets Research Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0249348).
Company Details of Off Targets Research Private Limited
CIN U24110KA2022PTC163131
Registration Number 163131
Incorporation Date 29 June 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0249348
Key People
Pradeep Karatgi Director Joti Jain Director Recognitions & Rankings of Off Targets Research
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo 287 New No114/10/1A Hoodi Village, Bangalore, Karnataka, India – 560048
- IndustryPharma, Pharma Contract R&D
Comprehensive company report
Off Targets 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Off Targets Research Private Limited
The main business activity of Off Targets Research is professional, scientific and technical. In detail, this covers scientific research and development.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Off Targets Research Private Limited FY 2024 filings available
Off Targets Research Private Limited reported revenue of ₹2.28 Cr for FY 2024.
Revenue · FY 2024
₹2.28 Cr
Net loss · FY 2024
₹67.6 Lakh margin -29.6%
EBITDA · FY 2024
-₹47.63 Lakh margin -20.9%
Financial Statement Summary of Off Targets Research Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | -₹47.63 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹67.6 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 of Off Targets Research Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -20.9% | •••• |
| Net Profit Margin | -29.6% | •••• |
| 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 | •••• | •••• |
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 Off Targets Research are in the company report.
Premium access
Financial statements from FY 2023
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.
Board of Directors of Off Targets Research Private Limited
Off Targets Research has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Karatgi | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
| Joti Jain Also directs: Koru Lifescience Private Limited | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
Peer Comparison of Off Targets Research Private Limited
Off Targets Research Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Contract Research). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zaint Health Care Private Limited | ₹2.34 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Medak, Telangana, India |
| Clinimed Lifesciences Private Limited | ₹2.34 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Kolkata, West Bengal, India |
| Omnicrux Life Sciences Private Limited | ₹2.33 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Hyderabad, Telangana, India |
| Proclin Research Private Limited | ₹2.29 Cr (FY 2024) | •••• | •••• | 213.0% | •••• | Gufa Mandir Road, Bhopal, Madhya Pradesh, India |
| Xplora Clinical Research Services Private Limited | ₹2.28 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Bangalore, Karnataka, India |
| Off Targets Research Private Limited this company | ₹2.28 Cr (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Ribosome Research Centre Private Limited | ₹2.28 Cr (FY 2025) | •••• | •••• | 146.0% | •••• | Surat, Gujarat, India |
| Vivatest Lifescience Private Limited | ₹2.28 Cr (FY 2024) | •••• | •••• | 126.0% | •••• | Mumbai, Maharashtra, India |
| Biopin-Aambal Life Sciences Private Limited | ₹2.26 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Vadodara, Gujarat, India |
| Proantek Research Laboratories Private Limited | ₹2.25 Cr (FY 2025) | •••• | •••• | 727.0% | •••• | Thane, Maharashtra, India |
| Stemmax Research and Therapeutics Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Patparganj, New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Off Targets Research by revenue in the Pharma industry (Contract Research), 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 Off Targets Research Private Limited
Off Targets Research Private Limited is audited by VASUDEVAN & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VASUDEVAN & Co. | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Off Targets Research Private Limited
Premium access
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 Off Targets Research Private Limited
Off Targets Research Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Off Targets Research Private Limited
Employment history and EPFO contributions of people linked to Off Targets Research.
Premium access
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 Off Targets Research Private Limited
Off Targets Research Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Joti Jain was appointed as Director on 29 Jun 2022.
AGM
Off Targets Research Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Off Targets Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Joti Jain was appointed as Director.
Appointed
Pradeep Karatgi was appointed as Director.
Incorporation
29 Jun 2022
Off Targets Research Private Limited was registered on 29 Jun 2022 with Roc Bangalore & aged 4 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Off Targets Research Private Limited
Premium access
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 Off Targets Research Private Limited
Premium access
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 Off Targets Research Private Limited
Premium access
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 Off Targets Research Private Limited
Off Targets Research has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCO8253D1ZC | Karnataka | Active | 20 Jul 2022 |
Premium access
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 Off Targets Research Private Limited
Premium access
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 Off Targets Research Private Limited
Off Targets Research is an active private limited company based in Bangalore, Karnataka, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 29 June 2022 (4+ years old) and is registered under CIN U24110KA2022PTC163131.
Off Targets Research reported revenue of ₹2.28 Cr for FY 2024.
Off Targets Research has 2 current directors:
- Pradeep Karatgi - Director
- Joti Jain - Director
Off Targets Research reported a net loss of ₹67.6 Lakh (net margin -29.6%) and EBITDA of -₹47.63 Lakh (EBITDA margin -20.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Off Targets Research is 29AADCO8253D1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Off Targets Research is U24110KA2022PTC163131. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Off Targets Research was incorporated on 29 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Off Targets Research by revenue are Zaint Health Care Private Limited, Clinimed Lifesciences Private Limited, Omnicrux Life Sciences Private Limited, Proclin Research Private Limited, Xplora Clinical Research Services Private Limited and 5 more, all in the Pharma industry (Contract Research).
Joti Jain was appointed as Director on 29 Jun 2022. Pradeep Karatgi was appointed as Director on 29 Jun 2022.
Yes, Off Targets Research is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0249348).
The registered office of Off Targets Research is at No 287 New No114101A Hoodi Village, Bangalore, Karnataka, India – 560048.