About Olcare Laboratories Private Limited
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Olcare Laboratories Private Limited is a private limited company based in Surendranagar, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ2018PTC100958. Its GSTIN is 24AACCO6485C1ZJ (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Dhwani Jayeshbhai Mehta and Kruti Jayesh Mehta.
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 3rd Phase GIDC Plot No. 29 Wadhwan, Surendranagar, Gujarat, India – 363030.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.37 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹5.11 Cr (net margin 4.5%) and EBITDA of ₹6.5 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Olcare Lab. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2021. Its 10 peer companies in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Natural and Essential Oils Private Limited with revenue of ₹113.63 Cr.
For more details, the company can be reached via its website olcarelab.com.
Company details
Contact details
Olcare Laboratories Private Limited's registered office is in Surendranagar, Gujarat. Its website is olcarelab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Phase GIDC Plot No. 29 Wadhwan, Surendranagar, Gujarat, India – 363030
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Olcare Laboratories 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
Brands
Olcare Laboratories operates one associated brand: Olcare Lab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures pharmaceutical formulations and offers distribution support services. | olcarelab.com |
Business activity
The main business activity of Olcare 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 Olcare Laboratories Private Limited, buy the company report.
Financials of Olcare Laboratories Private Limited
FY 2025 filings availableOlcare Laboratories Private Limited reported revenue of ₹113.37 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 2% growth in the latest year. EBITDA rose 13% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹113.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.11 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Olcare Laboratories Private Limited, buy the company report.
Board of directors of Olcare Laboratories Private Limited
Olcare Laboratories 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 |
|---|---|---|---|---|
| Dhwani Jayeshbhai Mehta Also directs: Carol Laboratories Private Limited | Director | 23 Feb 2018 | 8 Years 8 Months | Current |
| Kruti Jayesh Mehta Also directs: Carol Laboratories Private Limited | Director | 23 Feb 2018 | 8 Years 8 Months | Current |
| Arunaben Jayesh Mehta Also directs: Carol Laboratories Private Limited | Director | 23 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Olcare Laboratories Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Natural and Essential Oils Private Limited | ₹113.63 Cr (FY 2024) | 50.0% | Mysore, Karnataka, India | |||
| VDH Chem Tech Private Limited | ₹113.57 Cr (FY 2025) | -28.0% | Delhi, India | |||
| Glochem Industries Private Limited | ₹113.55 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Elvi Bardahl India Private Limited | ₹113.46 Cr (FY 2025) | 48.0% | New Delhi, Delhi, India | |||
| Jac Olivol Products Private Limited | ₹113.44 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Olcare Laboratories Private Limitedthis company | ₹113.37 Cr (FY 2025) | ₹5.11 Cr | 4.5% | 2.0% | 46 | Surendranagar, Gujarat, India |
| Seagull Pharmaceuticals Pvt Ltd | ₹113.36 Cr (FY 2025) | 8.0% | Naraina Vihar, Delhi, India | |||
| Khandoba Distilleries Private Limited | ₹113.2 Cr (FY 2025) | -15.0% | Pune, Maharashtra, India | |||
| Hindustan Poly Foams Private Limited | ₹112.99 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Lab Sulphonate Private Limited | ₹112.98 Cr (FY 2025) | 17.0% | Udaipur, Rajasthan, India | |||
| Unimac Overseas Private Limited | ₹112.9 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India |
To see the full peer comparison of Olcare Laboratories Private Limited, buy the company report.
Shareholding
The shareholding of Olcare Laboratories Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Olcare Laboratories Private Limited, buy the company report.
Deals & funding
Olcare Laboratories Private Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Olcare Laboratories Private Limited has 6 court cases on record: 2 filed by Olcare Laboratories, 4 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Eris Lifesciences Ltd. Through Its Authorized Signatory Milind Talegaonkar | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Sun Pharmaceutical Industries Ltd | Disposed |
| District court, Hanumakonda, Telangana | Criminal complaint | Filed against the company by State of Telangana Through Drugs Inspector Drugs Control Administration Hanumakonda District | Pending |
| District court, Surendranagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Surendranagar, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
To see the full case history of Olcare Laboratories Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Olcare Laboratories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Olcare Laboratories Private Limited has a workforce of 46 employees on its EPFO records as of Feb 14, 2026, across 1 active EPFO establishment.
GST
Olcare Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCO6485C1ZJ | Gujarat | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Olcare Laboratories Private Limited, buy the company report.
Recent activity
Olcare Laboratories Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Jayeshbhai Chandulal Mehta ceased to be Director on 16 Apr 2021.
Frequently asked questions
Olcare Laboratories is an active private limited company based in Surendranagar, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 February 2018 (8+ years old) and is registered under CIN U24299GJ2018PTC100958.
Olcare Laboratories has 3 current directors:
- Dhwani Jayeshbhai Mehta - Director
- Kruti Jayesh Mehta - Director
- Arunaben Jayesh Mehta - Director
The latest financial statements of Olcare 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 FY 2018 are in the company report.
The GSTIN of Olcare Laboratories is 24AACCO6485C1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Olcare Laboratories is U24299GJ2018PTC100958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olcare Laboratories has 6 court cases on record: 2 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Olcare Laboratories was incorporated on 23 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Olcare Laboratories has 1 deal on record (1 secondary share transfer); the latest was in June 2021.
The peers of Olcare Laboratories by revenue are Natural and Essential Oils Private Limited, VDH Chem Tech Private Limited, Glochem Industries Private Limited, Elvi Bardahl India Private Limited, Jac Olivol Products Private Limited and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jayeshbhai Chandulal Mehta ceased to be Director on 16 Apr 2021. Arunaben Jayesh Mehta was appointed as Director on 23 Feb 2018. Dhwani Jayeshbhai Mehta was appointed as Director on 23 Feb 2018. Olcare Laboratories has 4 board changes on record in total.
Olcare Laboratories can be reached through the website olcarelab.com. Its registered office is in Surendranagar, Gujarat, India.
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