DPIIT recognised startup Government of India
Startup India
Altcare Pharmaceuticals Private Limited
Altcare Pharmaceuticals Private Limited - healthcare in Belgaum, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1 Cr
▲ 17% YoY
Net profit · FY 2025
₹12.01 Lakh
Net margin 12%
EBITDA · FY 2025
₹15.35 Lakh
EBITDA margin 15.3%
Authorised capital
₹21 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Altcare Pharmaceuticals Private Limited
Data last updated:
Altcare Pharmaceuticals Private Limited is a private limited company based in Belgaum, Karnataka, India, recognised as a startup by DPIIT. It operates in the healthcare services segment of the healthcare sector. It was incorporated on 23 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85190KA2019PTC124553. Its GSTIN is 29AASCA3179M1ZT (Karnataka).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sunita Somayya Hiremath and Veena Pundlik Chougule.
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 Cts 4919/1 Trimurti Complex Mahadwar Road, Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹12.01 Lakh (net margin 12%) and EBITDA of ₹15.35 Lakh (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 102% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
Altcare Pharmaceuticals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0031813).
Company details
CIN U85190KA2019PTC124553
Registration Number 124553
Incorporation Date 23 May 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-04-0031813
Recognitions & Rankings of Altcare Pharmaceuticals
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-04-0031813
Contact details
Altcare Pharmaceuticals Private Limited's registered office is in Belgaum, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCts 4919/1 Trimurti Complex Mahadwar Road, Belgaum, Karnataka, India – 590001
- IndustryHealthcare, Human Health Activities, Other Human Health Activities
To see the full contact details of Altcare Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Altcare Pharmaceuticals 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 Altcare Pharmaceuticals 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 Altcare Pharmaceuticals Private Limited, buy the company report.
Financials of Altcare Pharmaceuticals Private Limited
FY 2025 filings availableAltcare Pharmaceuticals Private Limited reported revenue of ₹1 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹1 Cr ▲ 17%
Net profit · FY 2025
₹12.01 Lakh margin 12%
EBITDA · FY 2025
₹15.35 Lakh margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 36%
5 years · compounded
▲ 102%
EBITDA CAGR growth
1 year
▲ 109%
3 years · compounded
▲ 46%
5 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 102% over five years, including 17% growth in the latest year. EBITDA rose 109% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.01 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 | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 12% | ||||
| 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 Altcare Pharmaceuticals Private Limited, buy the company report.
Board of directors of Altcare Pharmaceuticals Private Limited
Altcare Pharmaceuticals has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Somayya Hiremath | Director | 23 May 2019 | 7 Years 5 Months | Current |
| Veena Pundlik Chougule Also directs: Wecty Infosolutions Private Limited | Director | 23 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Altcare Pharmaceuticals Private Limited is compared with the 4 companies closest to it by revenue in the Pharma industry (Pharmaceuticals), 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 |
|---|---|---|---|---|---|---|
| Rose Pharmaceuticals and Healthcare Private Limited | ₹1.01 Cr (FY 2024) | -1.0% | R S Naidunagar, Karnataka, India | |||
| Nityam Dipakam Pharmaceuticals Private Limited | ₹1.01 Cr (FY 2025) | 2.0% | Kolhapur, Maharashtra, India | |||
| Glowide Pharmaceuticals Private Limited | ₹1 Cr (FY 2019) | 89.0% | Nagpur, Maharashtra, India | |||
| Altcare Pharmaceuticals Private Limitedthis company | ₹1 Cr (FY 2025) | ₹12.01 Lakh | 12% | 17.0% | Belgaum, Karnataka, India | |
| Doschemen Pharmaceuticals Private Limited | ₹99.96 Lakh (FY 2025) | 7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Altcare Pharmaceuticals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2020 | 100415894 | Canara Bank | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Altcare Pharmaceuticals 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
No delayed payments to MSME suppliers are on our record for Altcare Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Altcare Pharmaceuticals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA3179M1ZT | Karnataka | Active | 16 Jul 2019 |
To see the full GST registrations and return filing status of Altcare Pharmaceuticals Private Limited, buy the company report.
Recent activity
Altcare Pharmaceuticals Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Sunita Somayya Hiremath was appointed as Director on 23 May 2019.
AGM
Altcare Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Altcare Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 25.00 Lakh with Charge ID 100415894 was registered on 10 Dec 2020.
Appointed
Sunita Somayya Hiremath was appointed as Director.
Appointed
Veena Pundlik Chougule was appointed as Director.
Incorporation
23 May 2019
Altcare Pharmaceuticals Private Limited was registered on 23 May 2019 with Roc Bangalore & aged 7 years 5 months as per MCA records.
Frequently asked questions
Altcare Pharmaceuticals is an active private limited company based in Belgaum, Karnataka, India. The company works in human health activities, within the healthcare industry. It was incorporated on 23 May 2019 (7+ years old) and is registered under CIN U85190KA2019PTC124553.
Altcare Pharmaceuticals has 2 current directors:
- Sunita Somayya Hiremath - Director
- Veena Pundlik Chougule - Director
The latest financial statements of Altcare Pharmaceuticals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Altcare Pharmaceuticals is 29AASCA3179M1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Altcare Pharmaceuticals is U85190KA2019PTC124553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altcare Pharmaceuticals was incorporated on 23 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Altcare Pharmaceuticals by revenue are Rose Pharmaceuticals and Healthcare Private Limited, Nityam Dipakam Pharmaceuticals Private Limited, Glowide Pharmaceuticals Private Limited, Doschemen Pharmaceuticals Private Limited, all in the Pharma industry (Pharmaceuticals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sunita Somayya Hiremath was appointed as Director on 23 May 2019. Veena Pundlik Chougule was appointed as Director on 23 May 2019.
Yes, Altcare Pharmaceuticals is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Altcare Pharmaceuticals is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-04-0031813).
The registered office of Altcare Pharmaceuticals is at Cts 49191 Trimurti Complex Mahadwar Road, Belgaum, Karnataka, India – 590001.
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