About Turtle Pharma Private Limited
Data last updated:
Turtle Pharma Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 13 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2015PTC262688. Its GSTIN is 24AAFCT2887C2ZC (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Tatva Vijay Hiran and Himani Vijay Hiran.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.71 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹38.55 Lakh (net margin -22.5%) and EBITDA of -₹30.06 Lakh (EBITDA margin -17.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 5% over five years.
The company is associated with 1 brand: Turtle Pharma. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turtlepharma.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA/ 505 Knox Plaza Mind Space Chincholi Bunder Road Malad, (West), Mumbai, Maharashtra, India – 400064
- IndustryPharma, API Manufacturers
- 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 Turtle Pharma Private Limited
The main business activity of Turtle Pharma is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Turtle Pharma Private Limited FY 2025 filings available
Turtle Pharma Private Limited reported revenue of ₹1.71 Cr (down 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Turtle Pharma Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 43% fall in the latest year. EBITDA fell 181% 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 Turtle Pharma 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 | -₹30.06 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38.55 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 Turtle Pharma Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -22.5% | •••• | •••• | •••• | •••• |
| 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 Turtle Pharma 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 Turtle Pharma Private Limited
Turtle Pharma Private Limited is compared with the companies closest to it by revenue in the Pharma industry (API Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pramukh Pharmachem Private Limited | ₹1.82 Cr (FY 2024) | •••• | •••• | •••• | Kalol, Gujarat, India | |
| Bharath Life Science Private Limited | ₹1.78 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Serenitas Infra Private Limited | ₹1.77 Cr (FY 2022) | •••• | •••• | -88.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| SPN Laboratories Private Limited | ₹1.77 Cr (FY 2025) | •••• | •••• | 428.0% | •••• | Tarapur, Maharashtra, India |
| Laboratories Daffodil Private Limited | ₹1.72 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
| Turtle Pharma Private Limited this company | ₹1.71 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Mumbai, Maharashtra, India |
| Seine Pharma Private Limited | ₹1.71 Cr (FY 2024) | •••• | •••• | -34.0% | •••• | Hyderabad, Telangana, India |
| Alentris Research Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Dehgam, Gujarat, India |
| Opili Chem Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Previpharma India Private Limited | ₹1.61 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Hyderabad, Telangana, India |
| Formel Labs Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Turtle Pharma by revenue in the Pharma industry (API Manufacturers), 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 Turtle Pharma Private Limited
Turtle Pharma Private Limited is audited by B.L.DASHARDA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.L.DASHARDA AND ASSOCIATES | 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 Turtle Pharma Private Limited
Turtle Pharma has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tatva Vijay Hiran Also directs: Jackrabbit Exports Private Limited | Director | 07 Oct 2023 | 3 Years 0 Months | Current |
| Himani Vijay Hiran Also directs: Jackrabbit Exports Private Limited | Director | 13 Mar 2015 | 11 Years 6 Months | Current |
| Payal Raj Shah Also directs: Jackrabbit Exports Private Limited | Director | 01 Dec 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Turtle Pharma 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 Turtle Pharma Private Limited
Turtle Pharma Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Turtle Pharma Private Limited
Turtle Pharma Private Limited has 3 court cases on record: 1 filed by Turtle Pharma, 2 filed against it. 1 case is pending and 2 are disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by Regional Officer Shri F.M. Modi Behalf of Gujarat Pollution Control Board | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Turtle Pharma Private Limited
Turtle Pharma operates one associated brand: Turtle Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality active pharmaceutical ingredients for global markets. | turtlepharma.com |
Employees and EPFO Compliance at Turtle Pharma Private Limited
Employment history and EPFO contributions of people linked to Turtle Pharma.
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 Turtle Pharma Private Limited
Turtle Pharma Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Tatva Vijay Hiran was appointed as Director on 07 Oct 2023.
Credit Ratings, Litigation & Regulatory Alerts for Turtle Pharma 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 Turtle Pharma 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 Turtle Pharma 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 Turtle Pharma Private Limited
Turtle Pharma has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCT2887C2ZC | 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 Turtle Pharma 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 Turtle Pharma Private Limited
Turtle Pharma is an active private limited company based in Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 13 March 2015 (11+ years old) and is registered under CIN U74900MH2015PTC262688.
Turtle Pharma reported revenue of ₹1.71 Cr for FY 2025 (down 43% YoY).
Turtle Pharma has 3 current directors:
- Tatva Vijay Hiran - Director
- Himani Vijay Hiran - Director
- Payal Raj Shah - Director
Turtle Pharma reported a net loss of ₹38.55 Lakh (net margin -22.5%) and EBITDA of -₹30.06 Lakh (EBITDA margin -17.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Turtle Pharma is -21% over three years and -5% over five years. In the latest year (FY 2025) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Turtle Pharma is 24AAFCT2887C2ZC, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Turtle Pharma is U74900MH2015PTC262688. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turtle Pharma has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Turtle Pharma was incorporated on 13 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Turtle Pharma by revenue are Pramukh Pharmachem Private Limited, Bharath Life Science Private Limited, Serenitas Infra Private Limited, SPN Laboratories Private Limited, Laboratories Daffodil Private Limited and 5 more, all in the Pharma industry (API Manufacturers).
Tatva Vijay Hiran was appointed as Director on 07 Oct 2023. Payal Raj Shah ceased to be Additional Director on 29 Sep 2018. Payal Raj Shah was appointed as Director on 01 Dec 2017. Turtle Pharma has 5 board changes on record in total.