About A.Menarini India Private Limited
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A.Menarini India Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of A. Menarini Asia-Pacific Pte Ltd. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 25 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74130GJ2001PTC039600. Its GSTIN is 24AAACI9822K1ZF (Gujarat). The company holds 19 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹100.05 Cr and a paid-up capital of ₹22.12 Cr. It was formerly known as Pharmalink (India) Pharmaceuticals Private Limited and Innovex (India) Private Limited. It is led by directors including Dhawal Shankar Katkar (Managing Director) and Long Shiuan Ho.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at No.101In Tower A Of Shapath – 4 Opp. Karnavati Club S.G. Road, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2026, the company reported a revenue of ₹146.56 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹8.13 Cr (net margin -5.5%) and EBITDA of -₹6.68 Cr (EBITDA margin -4.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over five years.
The company has about 815 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Menarini Group. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 3 cases are pending. The company has 9 deals on record (4 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹179.88 Cr; the latest was in March 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website menariniapac.com.
Company details
Name history
A.Menarini India has undergone 3 name changes throughout its history. The company was previously known as Pharmalink (India) Pharmaceuticals Private Limited, Innovex (India) Private Limited, and Invida India Private Limited. The current legal name is A.Menarini India Private Limited.
| Company Name | Status |
|---|---|
| A.Menarini India Private Limited | Current |
| Pharmalink (India) Pharmaceuticals Private Limited | Previous |
| Innovex (India) Private Limited | Previous |
| Invida India Private Limited | Previous |
Contact details
A.Menarini India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is menariniapac.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.101In Tower A Of Shapath – 4 Opp. Karnavati Club S.G. Road, Ahmedabad, Gujarat, India – 380015
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of A.Menarini India Private Limited, buy the company report.
- 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
Brands
A.Menarini India operates one associated brand: Menarini Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Menarini Group is engaged in pharmaceutical and healthcare solutions. | menarini.com |
Business activity
The main business activities of A.Menarini India are manufacturing and support service to organizations. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of A.Menarini India Private Limited, buy the company report.
Financials of A.Menarini India Private Limited
FY 2026 filings availableA.Menarini India Private Limited reported revenue of ₹146.56 Cr (down 12% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 354% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹146.56 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.13 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.6% | ||||
| Net Profit Margin | -5.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of A.Menarini India Private Limited, buy the company report.
Board of directors of A.Menarini India Private Limited
A.Menarini India has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Long Shiuan Ho | Director | 11 Sep 2018 | 8 Years 2 Months | Current |
| Christopher Im Hock Tay | Director | 03 Jun 2013 | 13 Years 5 Months | Current |
| Vijay Baburao Shirke | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Brett John Hayes | Director | 30 Apr 2024 | 2 Years 6 Months | Current |
| Dhawal Shankar Katkar | Managing Director | 26 Jun 2025 | 1 Years 4 Months | Current |
Auditor
A.Menarini India Private Limited is audited by Deloitte Haskins & Sells Llp for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells Llp | FY 2026 | 117366W/W-100018 |
Shareholding
The shareholding of A.Menarini India Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of A.Menarini India Private Limited, buy the company report.
Deals & funding
A.Menarini India Private Limited has 9 deals on record (4 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹179.88 Cr; the latest was in March 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹10 Cr | Investors: A. Menarini Asia Pacific Pte Limited |
| Jun 2020 | Rights issue | ₹8 Cr | Investors: A. Menarini Asia Pacific Pte Limited |
| Mar 2018 | Rights issue | ₹40 Cr | Investors: A. Menarini Asia Pacific Pte Limited |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: A. Menarini Asia Pacific Pte Limited Seller: A. Menarini Australia Pty Limited |
| May 2017 | Funding round | ₹40 Cr | Investors: A. Menarini Asia Pacific Pte Limited |
To see the full deal history of A.Menarini India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
A.Menarini India Private Limited has 18 court cases on record: 7 filed by A.Menarini India, 11 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 3 |
| High courts | 5 | 4 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Mankind Consumer Products Private Limited | Disposed |
| District court, Srinagar, Jammu and Kashmir | Court case (Original Suits (OS)) | Filed against the company by an individual | Pending |
| District court, Srinagar, Jammu and Kashmir | Court case (Original Suits (OS)) | Filed against the company by an individual | Pending |
| District court, Tirunelveli, Tamil Nadu | Petition | Filed against the company | Pending |
| District court, Srinagar, Jammu and Kashmir | Court case (Original Suits (OS)) | Filed against the company by an individual | Disposed |
To see the full case history of A.Menarini India 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 A.Menarini India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
A.Menarini India has 19 GST registrations: 15 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI9822K1ZF | Gujarat | Active | 01 Jul 2017 |
| 06AAACI9822K1ZD | Haryana | Active | 01 Jul 2017 |
| 07AAACI9822K1ZB | Delhi | Active | 01 Jul 2017 |
| 08AAACI9822K1Z9 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of A.Menarini India Private Limited, buy the company report.
Recent activity
A.Menarini India Private Limited has 26 board changes on record since 2007: 7 appointments and 19 cessations. The latest: Dhawal Shankar Katkar was appointed as Managing Director on 26 Jun 2025.
17 earlier events are in the company report.
Frequently asked questions
A.Menarini India 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 25 May 2001 (25+ years old) and is registered under CIN U74130GJ2001PTC039600.
A.Menarini India has 5 current directors:
- Dhawal Shankar Katkar - Managing Director
- Long Shiuan Ho - Director
- Christopher Im Hock Tay - Director
- Vijay Baburao Shirke - Director
- Brett John Hayes - Director
The latest financial statements of A.Menarini India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of A.Menarini India is 24AAACI9822K1ZF, registered in Gujarat. The company has 19 GST registrations in all, of which 15 are active and 4 are cancelled or inactive. Other active GSTINs include 06AAACI9822K1ZD (Haryana), 07AAACI9822K1ZB (Delhi), 08AAACI9822K1Z9 (Rajasthan).
The CIN (Corporate Identification Number) of A.Menarini India is U74130GJ2001PTC039600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
A.Menarini India has 18 court cases on record: 7 filed by the company and 11 filed against it. 3 are pending. Most are in the district courts.
A.Menarini India was incorporated on 25 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
A.Menarini India has 9 deals on record (4 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹179.88 Cr; the latest was in March 2021.
Dhawal Shankar Katkar was appointed as Managing Director on 26 Jun 2025. Girisan Kariangal was appointed as Director on 01 Apr 2025. Brett John Hayes ceased to be Additional Director on 22 Sep 2024. A.Menarini India has 26 board changes on record in total.
A.Menarini India can be reached through the website menariniapac.com. Its registered office is in Ahmedabad, Gujarat, India.
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