Synergy Formulation Private Limited
About Synergy Formulation Private Limited
Data last updated:
Synergy Formulation Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 26 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ2004PTC043698. Its GSTIN is 24AAHCS9447F1Z4 (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors including Rameshchandra Chhotalal Shah and Niva Mahesh Shah.
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 H Management Enclave Nehru Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.43 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹3.02 Lakh (net margin -18.4%) and EBITDA of -₹2.7 Lakh (EBITDA margin -16.4%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA/103 Suryavanshi Towers Opp Sanskardeep Apartment, B/H Management Enclave Nehru Park Vastrapur, Ahmedabad, Gujarat, India – 380015
- IndustryPharma, Pharmaceutical Retailers & Distributors
- 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
Business Activity of Synergy Formulation Private Limited
The main business activity of Synergy Formulation is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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 Synergy Formulation Private Limited FY 2025 filings available
Synergy Formulation Private Limited reported revenue of ₹16.43 Lakh (down 52% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Synergy Formulation Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 52% fall in the latest year. EBITDA fell 350% 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 Synergy Formulation Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.02 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 Synergy Formulation Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -18.4% | •••• | •••• | •••• | •••• |
| 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 Synergy Formulation 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 Synergy Formulation Private Limited
Synergy Formulation Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ideal Surgical Cotton Company Private Limited | ₹16.53 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Mysore, Karnataka, India |
| Gxpzone Pharma Solutions Private Limited | ₹16.51 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Mylyn Care Private Limited | ₹16.45 Lakh (FY 2023) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| Helax Probic Private Limited | ₹16.44 Lakh (FY 2024) | •••• | •••• | 141.0% | •••• | Delhi, India |
| Tricept Pharmaceuticals Private Limited | ₹16.44 Lakh (FY 2022) | •••• | •••• | -97.0% | •••• | Chennai, Tamil Nadu, India |
| Synergy Formulation Private Limited this company | ₹16.43 Lakh (FY 2025) | •••• | •••• | -52.0% | •••• | Ahmedabad, Gujarat, India |
| MRC Health Care Private Limited | ₹16.43 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Life of Riley Pharmaceuticals Private Limited | ₹16.4 Lakh (FY 2024) | •••• | •••• | -68.0% | •••• | Noida, Uttar Pradesh, India |
| Sivasakthi Pharma Surgicals Private Limited | ₹16.4 Lakh (FY 2022) | •••• | •••• | 66.0% | •••• | Coimbatore, Tamil Nadu, India |
| Phenomenal Pharma Private Limited | ₹16.37 Lakh (FY 2025) | •••• | •••• | 121.0% | •••• | Mumbai, Maharashtra, India |
| Superceuticals Private Limited | ₹16.35 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Synergy Formulation by revenue in the Pharma industry (Pharma Retail and Distribution), 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 Synergy Formulation Private Limited
Synergy Formulation Private Limited is audited by SONI & THAKKAR for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SONI & THAKKAR | 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 Synergy Formulation Private Limited
Synergy Formulation has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshchandra Chhotalal Shah | Director | 20 Aug 2010 | 16 Years 1 Months | Current |
| Niva Mahesh Shah | Director | 20 Aug 2010 | 16 Years 1 Months | Current |
| Mahesh Rameshchandra Shah | Director | 31 Aug 2013 | 13 Years 1 Months | Current |
Ownership and Shareholding of Synergy Formulation 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 Synergy Formulation Private Limited
Synergy Formulation Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Synergy Formulation Private Limited
Employment history and EPFO contributions of people linked to Synergy Formulation.
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 Synergy Formulation Private Limited
Synergy Formulation Private Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Tejas Kirtibhai Shah ceased to be Director on 02 Jul 2018.
Credit Ratings, Litigation & Regulatory Alerts for Synergy Formulation 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 Synergy Formulation 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 Synergy Formulation 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 Synergy Formulation Private Limited
Synergy Formulation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS9447F1Z4 | 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 Synergy Formulation 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 Synergy Formulation Private Limited
Synergy Formulation is an active private limited company based in Ahmedabad, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 26 February 2004 (22+ years old) and is registered under CIN U24231GJ2004PTC043698.
Synergy Formulation reported revenue of ₹16.43 Lakh for FY 2025 (down 52% YoY).
Synergy Formulation has 3 current directors:
- Rameshchandra Chhotalal Shah - Director
- Niva Mahesh Shah - Director
- Mahesh Rameshchandra Shah - Director
Synergy Formulation reported a net loss of ₹3.02 Lakh (net margin -18.4%) and EBITDA of -₹2.7 Lakh (EBITDA margin -16.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Synergy Formulation is -29% over three years and -20% over five years. In the latest year (FY 2025) revenue fell 52%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Synergy Formulation is 24AAHCS9447F1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Synergy Formulation is U24231GJ2004PTC043698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synergy Formulation was incorporated on 26 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Synergy Formulation by revenue are Ideal Surgical Cotton Company Private Limited, Gxpzone Pharma Solutions Private Limited, Mylyn Care Private Limited, Helax Probic Private Limited, Tricept Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (Pharma Retail and Distribution).
Tejas Kirtibhai Shah ceased to be Director on 02 Jul 2018. Mahesh Rameshchandra Shah was appointed as Director on 31 Aug 2013. Mahesh Rameshchandra Shah ceased to be Director on 18 May 2013. Synergy Formulation has 8 board changes on record in total.
The registered office of Synergy Formulation is at A103 Suryavanshi Towers Opp Sanskardeep Apartment, BH Management Enclave Nehru Park Vastrapur, Ahmedabad, Gujarat, India – 380015.