MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0096113
Aashka Formulation Private Limited - pharma in Kalol, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹27.95 Cr
▲ 904% YoY
Net profit · FY 2022
₹5.44 Lakh
Net margin 0.2%
EBITDA · FY 2022
₹31.12 Lakh
EBITDA margin 1.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹2.21 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Aashka Formulation Private Limited
Data last updated:
Aashka Formulation Private Limited is a private limited company based in Kalol, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 20 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36100GJ2018PTC101962. Its GSTIN is 24AAQCA8171M1Z3 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors including Jigneshkumar Govindbhai Patel and Manishaben Prashantbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No. 1 Survey No. 364 Opp. Indian Oil Petrol Pump Tal. Kalol Vill. Rakanpur, Gujarat, India – 382721.
As per the financials filed for FY 2022, the company reported a revenue of ₹27.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.44 Lakh (net margin 0.2%) and EBITDA of ₹31.12 Lakh (EBITDA margin 1.1%).
As per MCA filings, the company has open charges of ₹2.21 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Aashka Formulation Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0096113). For more details, the company can be reached via its website aashkaformulation.com.
Company details
CIN U36100GJ2018PTC101962
Registration Number 101962
Incorporation Date 20 April 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0096113
Key People
Jigneshkumar Govindbhai Patel Director Manishaben Prashantbhai Patel Director Prashant Jitendrakumar Patel Director Recognitions & Rankings of Aashka Formulation
Contact details
Aashka Formulation Private Limited's registered office is in Kalol, Gujarat. Its website is aashkaformulation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 1 Survey No. 364 Opp. Indian Oil Petrol Pump Tal. Kalol Vill. Rakanpur, Gujarat, India – 382721
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Aashka Formulation Private Limited, buy the company report.
Comprehensive company report
Aashka Formulation 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
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Business activity
The main business activity of Aashka Formulation 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 Aashka Formulation Private Limited, buy the company report.
Financials of Aashka Formulation Private Limited
FY 2022 filings availableAashka Formulation Private Limited reported revenue of ₹27.95 Cr (up 904% YoY) for FY 2022.
Revenue · FY 2022
₹27.95 Cr ▲ 904%
Net profit · FY 2022
₹5.44 Lakh margin 0.2%
EBITDA · FY 2022
₹31.12 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 904%
EBITDA CAGR growth
1 year
▼ 21%
Revenue rose 904% in the latest year. EBITDA fell 21% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹27.95 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹31.12 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.44 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.1% | |||
| Net Profit Margin | 0.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Aashka Formulation Private Limited, buy the company report.
Board of directors of Aashka Formulation Private Limited
Aashka Formulation has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigneshkumar Govindbhai Patel Also directs: Cureill Pharma Private Limited | Director | 10 May 2023 | 3 Years 5 Months | Current |
| Manishaben Prashantbhai Patel | Director | 20 Apr 2018 | 8 Years 6 Months | Current |
| Prashant Jitendrakumar Patel | Director | 10 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Aashka Formulation Private Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (Formulations), with 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 |
|---|---|---|---|---|---|---|
| Indus Pharma Private Limited | ₹28.11 Cr (FY 2023) | -58.0% | New Delhi, Delhi, India | |||
| Inven Pharmaceuticals Private Limited | ₹27.99 Cr (FY 2025) | -6.0% | Indore, Madhya Pradesh, India | |||
| Aashka Formulation Private Limitedthis company | ₹27.95 Cr (FY 2022) | ₹5.44 Lakh | 0.2% | 904.0% | Kalol, Gujarat, India | |
| Danashmand Organic Private Limited | ₹27.92 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Shreepati Pharmaceuticals Pvt Ltd | ₹27.91 Cr (FY 2025) | 7.0% | Indore, M.P, Madhya Pradesh, India | |||
| Sellwell Pharmaceuticals Limited | ₹27.85 Cr (FY 2024) | -21.0% | Madhya Pradesh, India | |||
| Memphis Vision Care Private Limited | ₹27.83 Cr (FY 2024) | 106.0% | Chhatral, Gujarat, India | |||
| Anthea Pharma Private Limited | ₹27.78 Cr (FY 2025) | 516.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Aashka Formulation Private Limited, buy the company report.
Auditor
Aashka Formulation Private Limited is audited by Shah Patel and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Patel and Associates | FY 2022 | 149968 |
Shareholding
The shareholding of Aashka Formulation Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Aashka Formulation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.21 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2020 | 100354940 | Others | ₹35.8 Lakh | Open | |
| 07 Dec 2018 | 100232015 | Others | ₹1.85 Cr | Open |
To see the full charge records of Aashka Formulation Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Aashka Formulation Private Limited has 2 court cases on record: 1 filed by Aashka Formulation, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed against the company by Smartway Wellness Private Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
To see the full case history of Aashka Formulation 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 Aashka Formulation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aashka Formulation Private Limited has 1 active EPFO establishment as of Feb 10, 2025.
Active EPFO establishments
1
GST
Aashka Formulation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAQCA8171M1Z3 | Gujarat | Active | 28 Sep 2018 |
To see the full GST registrations and return filing status of Aashka Formulation Private Limited, buy the company report.
Recent activity
Aashka Formulation Private Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Jigneshkumar Govindbhai Patel was appointed as Director on 10 May 2023.
Appointed
Jigneshkumar Govindbhai Patel was appointed as Director.
Ceased
Rajnish Patel Natvarlal ceased to be Director.
AGM
Aashka Formulation Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Aashka Formulation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.
Ceased
Sapan Mukeshbhai Shah ceased to be Director.
Charges
A charge with Others amounted to Rs. 35.80 Lakh with Charge ID 100354940 was registered on 03 Jul 2020.
Charges
A charge with Others of Rs. 185.00 Lakh registered on 07 Dec 2018 with Charge ID 100232015 was modified on 08 Jul 2019.
Charges
A charge with Others amounted to Rs. 185.00 Lakh with Charge ID 100232015 was registered on 07 Dec 2018.
Ceased
Rakesh Natvarlal Shah ceased to be Director.
Appointed
Prashant Jitendrakumar Patel was appointed as Director.
Appointed
Manishaben Prashantbhai Patel was appointed as Director.
Incorporation
20 Apr 2018
Aashka Formulation Private Limited was registered on 20 Apr 2018 with Roc Ahmedabad & aged 8 years 6 months as per MCA records.
Frequently asked questions
Aashka Formulation is an active private limited company based in Kalol, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 20 April 2018 (8+ years old) and is registered under CIN U36100GJ2018PTC101962.
Aashka Formulation has 3 current directors:
- Jigneshkumar Govindbhai Patel - Director
- Manishaben Prashantbhai Patel - Director
- Prashant Jitendrakumar Patel - Director
The latest financial statements of Aashka Formulation on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Aashka Formulation is 24AAQCA8171M1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Aashka Formulation is U36100GJ2018PTC101962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aashka Formulation has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Aashka Formulation was incorporated on 20 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Aashka Formulation by revenue are Indus Pharma Private Limited, Inven Pharmaceuticals Private Limited, Danashmand Organic Private Limited, Shreepati Pharmaceuticals Pvt Ltd, Sellwell Pharmaceuticals Limited and 2 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jigneshkumar Govindbhai Patel was appointed as Director on 10 May 2023. Rajnish Patel Natvarlal ceased to be Director on 06 Feb 2023. Sapan Mukeshbhai Shah ceased to be Director on 31 Mar 2021. Aashka Formulation has 6 board changes on record in total.
Yes, Aashka Formulation is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0096113).
Aashka Formulation can be reached through the website aashkaformulation.com. Its registered office is in Kalol, Gujarat, India.