Pace Laboratories Limited
About Pace Laboratories Limited
Data last updated:
Pace Laboratories Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the other hospital and medical care activities segment of the healthcare sector. It was incorporated on 21 March 1983.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1983PLC029586.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹23.85 Lakh. It was led by directors including Hasmukh Ishwarlal Gandhi and Madhu Hasmukh Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 12B Nirmal 2411242 Backbay Reclaation Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹21.12 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.97 Lakh (net margin 47.2%) and EBITDA of ₹15.61 Lakh (EBITDA margin 73.9%).
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
CIN history
Pace Laboratories has one previous CIN (Corporate Identification Number): L24230MH1983PLC029586. The current CIN is U24230MH1983PLC029586, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230MH1983PLC029586 | Current |
| L24230MH1983PLC029586 | Previous |
Contact details
Pace Laboratories Limited's registered office is in Mumbai, Maharashtra.
- Registered Address12B Nirmal 2411242 Backbay Reclaation Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryHealthcare, Other Hospital And Medical Care Activities
- 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 Pace Laboratories is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Pace Laboratories Limited, buy the company report.
Financials of Pace Laboratories Limited
FY 2016 filings availablePace Laboratories Limited reported revenue of ₹21.12 Lakh (up 317% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 317% in the latest year. EBITDA rose 378% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | ₹15.61 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹9.97 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Fixed Assets | ||
| Investments | ||
| Inventories | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 73.9% | |
| Net Profit Margin | 47.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
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To see the full financial statements and ratios of Pace Laboratories Limited, buy the company report.
Board of directors of Pace Laboratories Limited
Pace Laboratories has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukh Ishwarlal Gandhi Also directs: Aleaha Wellness LLP, Millennium Herbal Care Limited, Shree Nirmal Commercial Limited and 1 more | Director | 30 Sep 2002 | 24 Years 0 Months | As last reported |
| Madhu Hasmukh Gandhi | Director | 15 Jul 1988 | 38 Years 3 Months | As last reported |
| Chintan Hasmukh Gandhi Also directs: Aleaha Wellness LLP, Millennium Herbal Care Limited, Millennium Therazen Private Limited and 2 more | Director | 31 Jul 2008 | 18 Years 2 Months | As last reported |
| Narendra Kaushik Sheth | Director | 12 Nov 1993 | 32 Years 11 Months | As last reported |
| Ambrish Dhairyakant Gandhi Also directs: Millennium Herbal Care Limited, Shivpujan Barter Pvt.Ltd., Bhishma Realty Limited and 1 more | Director | 03 Nov 1996 | 29 Years 11 Months | As last reported |
Peer comparison
Pace Laboratories Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chennai Health Care Services Private Limited | ₹21.31 Lakh (FY 2018) | 33.0% | Chennai, Tamil Nadu, India | |||
| Jysmed Private Limited | ₹21.26 Lakh (FY 2023) | 50.0% | Delhi, India | |||
| Apprizen Healthcare Private Limited | ₹21.25 Lakh (FY 2019) | 102.0% | Patna, Bihar, India | |||
| Hydel Laboratories Private Limited | ₹21.22 Lakh (FY 2022) | 157.0% | Ghaziabad, Uttar Pradesh, India | |||
| Susrutha Lifecare Private Limited | ₹21.16 Lakh (FY 2025) | 4.0% | Thiruvananthapuram, Kerala, India | |||
| Pace Laboratories Limitedthis company | ₹21.12 Lakh (FY 2016) | ₹9.97 Lakh | 47.2% | 317.0% | Mumbai, Maharashtra, India | |
| Immi Life Healthcare Private Limited | ₹21.12 Lakh (FY 2021) | 120.0% | Chennai, Tamil Nadu, India | |||
| Samyak Rehabilitation Centre Private Limited | ₹21.1 Lakh (FY 2024) | -31.0% | Pune, Maharashtra, India | |||
| A and R Healthcare Private Limited | ₹21.09 Lakh (FY 2025) | -76.0% | New Delhi, Delhi, India | |||
| Preventia Lifescience Private Limited | ₹21.07 Lakh (FY 2023) | -50.0% | Shirpur, Maharashtra, India | |||
| Emerald Diagnostics (OPC) Private Limited | ₹21.04 Lakh (FY 2019) | Bengaluru, Karnataka, India |
To see the full peer comparison of Pace Laboratories Limited, buy the company report.
Legal cases
Pace Laboratories Limited has 2 court cases on record: 2 filed by Pace Laboratories. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Ors. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Pci Chemicals and Pharmaceuticla Ltd. | Disposed |
To see the full case history of Pace Laboratories 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 Pace Laboratories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Pace Laboratories Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pace Laboratories Limited has 5 board changes on record since 1988: 5 appointments. The latest: Chintan Hasmukh Gandhi was appointed as Director on 31 Jul 2008.
Frequently asked questions
Pace Laboratories has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pace Laboratories was a public limited company based in Mumbai, Maharashtra, India. The company worked in other hospital and medical care activities, within the healthcare industry. It was incorporated on 21 March 1983 and is registered under CIN U24230MH1983PLC029586. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pace Laboratories was incorporated on 21 March 1983. It is registered with the Registrar of Companies, Mumbai.
Pace Laboratories had 5 directors:
- Hasmukh Ishwarlal Gandhi - Director
- Madhu Hasmukh Gandhi - Director
- Chintan Hasmukh Gandhi - Director
- Narendra Kaushik Sheth - Director
- Ambrish Dhairyakant Gandhi - Director
The CIN (Corporate Identification Number) of Pace Laboratories is U24230MH1983PLC029586. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pace Laboratories is at 12B Nirmal 2411242 Backbay Reclaation Nariman Point, Mumbai, Maharashtra, India – 400021.
The latest financial statements of Pace Laboratories on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Pace Laboratories operated in the healthcare industry, in the other hospital and medical care activities segment.
The peers of Pace Laboratories by revenue are Chennai Health Care Services Private Limited, Jysmed Private Limited, Apprizen Healthcare Private Limited, Hydel Laboratories Private Limited, Susrutha Lifecare Private Limited and 5 more, all in the same principal business activity (other hospital and medical care activities).
Pace Laboratories has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Chintan Hasmukh Gandhi was appointed as Director on 31 Jul 2008. Hasmukh Ishwarlal Gandhi was appointed as Director on 30 Sep 2002. Ambrish Dhairyakant Gandhi was appointed as Director on 03 Nov 1996. Pace Laboratories has 5 board changes on record in total.