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Advanov Pharma Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.68 Cr
▲ 107% YoY
Net profit · FY 2024
₹86.01 Lakh
Net margin 3.8%
EBITDA · FY 2024
₹1.74 Cr
EBITDA margin 7.7%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹6.7 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
About Advanov Pharma Private Limited
Data last updated:
Advanov Pharma Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 12 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC097840. Its GSTIN is 24AAPCA6881K1Z3 (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hemalkumar Rashmikant Shah (Managing Director) and Gayatriben Hemalbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.68 Cr, a growth of 107% compared to the previous year. For the same year it recorded a net profit of ₹86.01 Lakh (net margin 3.8%) and EBITDA of ₹1.74 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 85% over five years.
The company is associated with 1 brand: Advanov Pharma. As per MCA filings, the company has open charges of ₹6.7 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2020. Its 6 peer companies in the Healthcare industry (Healthcare Equipment Retail and Distribution, Pharma Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 4 smaller; the largest is Bareilly Pharmaceuticals Private Limited with revenue of ₹22.81 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
Advanov Pharma Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0090215). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advanovpharma.com.
Company details
CIN U74999GJ2017PTC097840
Registration Number 097840
Incorporation Date 12 June 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0090215
Recognitions & Rankings of Advanov Pharma
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0090215
Contact details
Advanov Pharma Private Limited's registered office is in Ahmedabad, Gujarat. Its website is advanovpharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1010 Z – One, Near Time Square II, Ahmedabad, Gujarat, India – 380054
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Advanov Pharma Private Limited, buy the company report.
Comprehensive company report
Advanov Pharma 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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Brands
Advanov Pharma operates one associated brand: Advanov Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical product development and distribution are focused on advanced drug delivery systems in global markets. | advanovpharma.com |
Business activity
The main business activity of Advanov Pharma is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Advanov Pharma Private Limited, buy the company report.
Financials of Advanov Pharma Private Limited
FY 2024 filings availableAdvanov Pharma Private Limited reported revenue of ₹22.68 Cr (up 107% YoY) for FY 2024.
Revenue · FY 2024
₹22.68 Cr ▲ 107%
Net profit · FY 2024
₹86.01 Lakh margin 3.8%
EBITDA · FY 2024
₹1.74 Cr margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 12%
5 years · compounded
▲ 85%
EBITDA CAGR growth
1 year
▲ 298%
3 years · compounded
▲ 45%
5 years · compounded
▲ 46%
Revenue has grown at a compounded annual rate (CAGR) of 85% over five years, including 107% growth in the latest year. EBITDA rose 298% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹86.01 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 Advanov Pharma Private Limited, buy the company report.
Board of directors of Advanov Pharma Private Limited
Advanov Pharma has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemalkumar Rashmikant Shah Also directs: Zieva Farm Private Limited, Jewal Pharmaceutical Private Limited | Managing Director | 18 Apr 2018 | 8 Years 6 Months | Current |
| Gayatriben Hemalbhai Shah Also directs: Jewal Pharmaceutical Private Limited | Director | 06 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Advanov Pharma Private Limited is compared with the 6 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution, Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bareilly Pharmaceuticals Private Limited | ₹22.81 Cr (FY 2024) | 7.0% | Bareilly, Uttar Pradesh, India | |||
| Hexa Health Care Private Limited | ₹22.74 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| Advanov Pharma Private Limitedthis company | ₹22.68 Cr (FY 2024) | ₹86.01 Lakh | 3.8% | 107.0% | Ahmedabad, Gujarat, India | |
| Avis Lifecare Private Limited | ₹22.66 Cr (FY 2025) | -4.0% | Jaipur, Rajasthan, India | |||
| Baalark Meditrade Services Private Limited | ₹22.62 Cr (FY 2025) | -17.0% | Lucknow, Uttar Pradesh, India | |||
| Repro Labs India Private Limited | ₹22.62 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Lucrose Pharma Private Limited | ₹22.61 Cr (FY 2025) | 10.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Advanov Pharma Private Limited, buy the company report.
Auditor
Advanov Pharma Private Limited is audited by Patel & Mehta for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Patel & Mehta | FY 2023 | 125480W |
Shareholding
The shareholding of Advanov Pharma Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | 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 Advanov Pharma Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.7 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2024 | 100965524 | Others | ₹4.2 Cr | Open | |
| 26 Mar 2021 | 100431112 | Yes Bank Limited | ₹2.5 Cr | Open |
To see the full charge records of Advanov Pharma Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Advanov Pharma Private Limited has 1 deal on record (1 secondary share transfer); the latest was in January 2020.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Advanov Pharma Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Advanov Pharma Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amalie Healtcare |
To see the full MSME payment records of Advanov Pharma Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Advanov Pharma has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA6881K1Z3 | Gujarat | Active | 28 May 2018 |
To see the full GST registrations and return filing status of Advanov Pharma Private Limited, buy the company report.
Recent activity
Advanov Pharma Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Gayatriben Hemalbhai Shah ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Others of Rs. 420.00 Lakh registered on 25 Jul 2024 with Charge ID 100965524 was modified on 18 Dec 2024.
AGM
Advanov Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 420.00 Lakh with Charge ID 100965524 was registered on 25 Jul 2024.
Filing
Advanov Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Gayatriben Hemalbhai Shah ceased to be Additional Director.
Appointed
Gayatriben Hemalbhai Shah was appointed as Director.
Ceased
Kosha Sanjay Jha ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 250.00 Lakh registered on 26 Mar 2021 with Charge ID 100431112 was modified on 24 Aug 2021.
Charges
A charge with Yes Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 100431112 was registered on 26 Mar 2021.
Ceased
Hemalkumar Rashmikant Shah ceased to be Additional Director.
Appointed
Hemalkumar Rashmikant Shah was appointed as Managing Director.
Ceased
Jyoti Mahendrakumar Shukla ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Advanov Pharma 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 12 June 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC097840.
Advanov Pharma has 2 current directors:
- Hemalkumar Rashmikant Shah - Managing Director
- Gayatriben Hemalbhai Shah - Director
The latest financial statements of Advanov Pharma on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Advanov Pharma is 24AAPCA6881K1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Advanov Pharma is U74999GJ2017PTC097840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advanov Pharma was incorporated on 12 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Advanov Pharma has 1 deal on record (1 secondary share transfer); the latest was in January 2020.
The peers of Advanov Pharma by revenue are Bareilly Pharmaceuticals Private Limited, Hexa Health Care Private Limited, Avis Lifecare Private Limited, Baalark Meditrade Services Private Limited, Repro Labs India Private Limited and 1 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution, Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Gayatriben Hemalbhai Shah ceased to be Additional Director on 29 Sep 2023. Gayatriben Hemalbhai Shah was appointed as Director on 06 Feb 2023. Kosha Sanjay Jha ceased to be Director on 06 Feb 2023. Advanov Pharma has 6 board changes on record in total.
Yes, Advanov Pharma is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Advanov Pharma is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0090215).
Advanov Pharma has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 20 Jun 2019.
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