About Aquatic Remedies Limited
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Aquatic Remedies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 04 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1996PLC097828. Its GSTIN is 27AABCA3876G1ZN (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹14.51 Cr. It was formerly known as Aquatic Remedies Private Limited. It is led by directors including Bharat Nyalchand Mehta (Managing Director) and Hemant Bhogilal Mehta (Whole-Time Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,226.14 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹32.68 Cr (net margin 2.7%) and EBITDA of ₹48.86 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 7% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aquatic Group. As per MCA filings, the company has open charges of ₹148.09 Cr and satisfied charges of ₹22.44 Cr on record. Court records list 23 cases involving the company, including 16 filed by the company and 7 filed against it; 9 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.67 Cr; the latest was in August 2020. Its 5 peer companies in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 3 smaller; the largest is Palepu Pharma Private Limited with revenue of ₹1,270.38 Cr. The company has 3 MSME Form 1 returns on record between 2017 and 2019, listing 139 overdue payments to 56 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aquaticgroup.in.
Company details
CIN history
Aquatic Remedies has one previous CIN (Corporate Identification Number): U24230MH1996PTC097828. The current CIN is U24230MH1996PLC097828, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230MH1996PLC097828 | Current |
| U24230MH1996PTC097828 | Previous |
Contact details
Aquatic Remedies Limited's registered office is in Mumbai, Maharashtra. Its website is aquaticgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1209 1210 1211 Cabin A 12th Flr Universal Majestic P.L.Lokhandemarg Villageborla Ctsno.4A/8, /1 Chembur, Mumbai, Maharashtra, India – 400043
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Aquatic Remedies 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
Aquatic Remedies operates one associated brand: Aquatic Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of generic drugs | aquaticgroup.in |
Business activity
The main business activity of Aquatic Remedies 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 Aquatic Remedies Limited, buy the company report.
Financials of Aquatic Remedies Limited
FY 2024 filings availableAquatic Remedies Limited reported revenue of ₹1,226.14 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 11% 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 |
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| EBITDA | ₹48.86 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹32.68 Cr | ||||
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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 | 4% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aquatic Remedies Limited, buy the company report.
Board of directors and KMP of Aquatic Remedies Limited
Aquatic Remedies Limited currently reports 6 directors and 4 key managerial personnel. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Parmar Also directs: Aquatic Formulations (India) Limited | Director | 28 Dec 2020 | 5 Years 10 Months | Current |
| Hemant Bhogilal Mehta Also directs: Jay Formulations Ltd, Oceanic Techno Chem Private Limited, Aquatic Formulations (India) Limited and 1 more | Whole-Time Director | 01 Jan 2010 | 16 Years 10 Months | Current |
| Vaibhav Bharat Mehta Also directs: Ja Sterile Private Limited, Blessings Industries Private Limited | Cfo | 22 May 2018 | 8 Years 5 Months | Current |
| Kamlesh Jain | Ceo | 22 May 2018 | 8 Years 5 Months | Current |
| Akshay Kishor Shah | Director | 27 Jul 2018 | 8 Years 3 Months | Current |
| Hitendra Nihalchand Mehta Also directs: Jay Formulations Ltd, Oceanic Techno Chem Private Limited, Aquatic Formulations (India) Limited and 1 more | Ceo | 22 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Aquatic Remedies Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (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 |
|---|---|---|---|---|---|---|
| Palepu Pharma Private Limited | ₹1,270.38 Cr (FY 2023) | 14.0% | Hyderabad, Telangana, India | |||
| Mylan Pharmaceuticals Private Limited | ₹1,253.34 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Aquatic Remedies Limitedthis company | ₹1,226.14 Cr (FY 2025) | ₹32.68 Cr | 2.7% | -7.0% | 45 | Mumbai, Maharashtra, India |
| Mahaveer Medi-Sales Private Limited | ₹1,044.79 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Merck Specialities Private Limited | ₹1,027.41 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Eli Lilly and Company (India ) Private Limited | ₹1,003.67 Cr (FY 2025) | 25.0% | Haryana, India |
To see the full peer comparison of Aquatic Remedies Limited, buy the company report.
Auditor
Aquatic Remedies Limited is audited by C B CHHAJED & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C B CHHAJED & CO | FY 2024 | 101796w |
Shareholding
The shareholding of Aquatic Remedies Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aquatic Remedies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2025 | 101176977 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 12 Mar 2025 | 101066076 | Hdfc Bank Limited | ₹34 Lakh | Open | |
| 31 Aug 2023 | 100783630 | Others | ₹75 Lakh | Open | |
| 30 Nov 2012 | 10397079 | Yes Bank Limited | ₹70 Cr | Open | |
| 27 Nov 2009 | 10194635 | Others | ₹76 Cr | Open |
To see the full charge records of Aquatic Remedies Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Aquatic Remedies Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.67 Cr; the latest was in August 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Darshan Mehta (HUF), 3 individuals Seller: Bhogilal Mehta (HUF), 3 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Hitendra Nyalchand Mehta HUF, Bharat Nyalchand Mehta Huf, 2 individuals Seller: 4 individuals |
| Mar 2006 | Funding round | ₹4.99 Cr | Investors: Aquatic Formulations (India) Limited , 3 individuals |
To see the full deal history of Aquatic Remedies 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
Aquatic Remedies Limited has 23 court cases on record: 16 filed by Aquatic Remedies, 7 filed against it. 9 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 0 | 9 |
| High courts | 9 | 6 | 0 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed by the company against Superior Pharmaceutical India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed by the company against Shree Anand Life Sciences Limited and 6 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Aril Pharma Limited and Others and 2 others | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Ca Vinod Tarachand Agarwal RP of Jay Formulations Ltd | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed by the company against Standard Pharmaceuticals Ltd. | Disposed |
To see the full case history of Aquatic Remedies 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
Aquatic Remedies Limited has 3 MSME Form 1 returns on record between 2017 and 2019, listing 139 overdue payments to 56 micro and small suppliers. 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 (5 of 56)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Endoc Lifecare Private Limited | |||
| an individual supplier | |||
| Prayosha Health Care Private Limited | |||
| Kitten Enterprises Private Limited | |||
| Anphar Laboratories Private Limited |
To see the full MSME payment records of Aquatic Remedies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aquatic Remedies has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Aquatic Remedies Limited has a workforce of 45 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 45 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aquatic Remedies Limited, buy the company report.
GST
Aquatic Remedies has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA3876G1ZN | Maharashtra | Active | 01 Jul 2017 |
| 27AABCA3876G2ZM | Maharashtra | Active | 19 Jan 2023 |
| 02AABCA3876G1ZZ | Himachal Pradesh | Active | 01 Jul 2017 |
| 24AABCA3876G1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aquatic Remedies Limited, buy the company report.
Recent activity
Aquatic Remedies Limited has 24 board changes on record since 1996: 10 appointments and 14 cessations. The latest: Kinnari Jayesh Khara ceased to be Additional Director on 29 Sep 2024.
36 earlier events are in the company report.
Frequently asked questions
Aquatic Remedies is an active public limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 04 March 1996 (30+ years old) and is registered under CIN U24230MH1996PLC097828.
Aquatic Remedies has 10 current directors and KMP:
- Bharat Nyalchand Mehta - Managing Director
- Hemant Bhogilal Mehta - Whole-Time Director
- Kirti Bhogilal Mehta - Whole-Time Director
- Sandeep Parmar - Director
- Akshay Kishor Shah - Director
- Kinnari Jayesh Khara - Director
- Vaibhav Bharat Mehta - Cfo
- Kamlesh Jain - Ceo
- Hitendra Nihalchand Mehta - Ceo
- Darshan Bhogilal Mehta - Cfo
The latest financial statements of Aquatic Remedies 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 2015 are in the company report.
The GSTIN of Aquatic Remedies is 27AABCA3876G1ZN, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AABCA3876G2ZM (Maharashtra), 02AABCA3876G1ZZ (Himachal Pradesh), 24AABCA3876G1ZT (Gujarat).
The CIN (Corporate Identification Number) of Aquatic Remedies is U24230MH1996PLC097828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aquatic Remedies has 23 court cases on record: 16 filed by the company and 7 filed against it. 9 are pending. Most are in the district courts.
Aquatic Remedies was incorporated on 04 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Aquatic Remedies has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.67 Cr; the latest was in August 2020.
The peers of Aquatic Remedies by revenue are Palepu Pharma Private Limited, Mylan Pharmaceuticals Private Limited, Mahaveer Medi-Sales Private Limited, Merck Specialities Private Limited, Eli Lilly and Company (India ) Private Limited, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Kinnari Jayesh Khara ceased to be Additional Director on 29 Sep 2024. Kinnari Jayesh Khara was appointed as Director on 10 Jul 2024. Preyash Harshad Vora ceased to be Director on 21 Feb 2022. Aquatic Remedies has 24 board changes on record in total.
Aquatic Remedies has 3 MSME Form 1 returns on record between 2017 and 2019, listing 139 overdue payments to 56 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Aquatic Remedies can be reached through the website aquaticgroup.in. Its registered office is in Mumbai, Maharashtra, India.
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