Arovea Formulations Private Limited - Company Profile

It is a pharma private limited company based in Ahmedabad, Gujarat, India, established in 2021.
2021 Ahmedabad, Gujarat, India Active
Last Updated:
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About Arovea Formulations Private Limited

Arovea Formulations Private Limited, a active private limited company, was established on 17 June 2021 in Ahmedabad, Gujarat, India. Engaging in drug formulation & development within the trade sector, it holds CIN: U24299GJ2021PTC123370. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹0.10 M and a paid-up capital of ₹0.10 M.

Employing 17 professional, Its leadership includes Ronakkumar Pravinbhai Patel (Director), Pravinbhai Harjivandas Patel (Director). It holds ₹22.05 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 501 Eminence-14, Opp. Thaltej Fire Station, Zydus Hospital Road, Thaltej,, Ahmedabad, Gujarat, 380059.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U24299GJ2021PTC123370

  • Registration Number

    123370

  • Incorporation Date

    17 June 2021

  • Authorized Capital

    ₹0.10 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 4 Year, 8 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 22.05 Cr
  • Revenue Growth **** 380.81%
  • Profit Growth **** 92.70%
  • Ebitda **** -772.18%
  • Net Worth -8.51%
  • Total Assets **** 444.12%
Company report

Arovea Formulations Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Arovea Formulations Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Arovea Formulations Private Limited?
Current Directors
Name Designation Appointment Date Status
Ronakkumar Pravinbhai Patel Director 17 Jun 2021 Current
Pravinbhai Harjivandas Patel Director 17 Jun 2021 Current

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Financial Performance of Arovea Formulations.

Arovea Formulations Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 380.81% increase. The company also saw a substantial improvement in profitability, with a 92.7% increase in profit. The company's net worth dipped by a decrease of 8.51%.

Arovea Formulations revenue growth over time
Arovea Formulations profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 380.81%
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*******
*******
*******
Revenue from Operations
*******
 380.51%
*******
*******
*******
*******
Total Assets
*******
 444.12%
*******
*******
*******
*******
Profit or Loss
*******
 92.70%
*******
*******
*******
*******
Net Worth
*******
 -8.51%
*******
*******
*******
*******
EBITDA
*******
 -772.18%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Arovea Formulations?

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Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹220,500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 22.05 Cr
Latest Charge Details
Date Lender Amount Status
29 Apr 2022 Hdfc Bank Limited ₹6.00 Cr Open
16 Feb 2022 Hdfc Bank Limited ₹16.05 Cr Open

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How Many Employees Work at Arovea Formulations?

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Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
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Latest Updates, News, and FAQs on Arovea Formulations
Recent Activity within the Organization
  • Annual General Meeting

    The activity Arovea Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Arovea Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 60.00 M registered on 29 Apr 2022 with Charge ID 100579722 was modified on 01 Apr 2024. was recorded as a recent event.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 60.00 M with Charge ID 100579722 was registered on 29 Apr 2022. was completed.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 160.50 M registered on 16 Feb 2022 with Charge ID 100546921 was modified on 29 Apr 2022. was recorded as a recent event.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 160.50 M with Charge ID 100546921 was registered on 16 Feb 2022. was completed.

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Frequently Asked Questions
What is the CIN of Arovea Formulations Private Limited?

The CIN of Arovea Formulations Private Limited is U24299GJ2021PTC123370.

Where is Arovea Formulations Private Limited headquartered?

Arovea Formulations Private Limited is headquartered at 501 Eminence-14, Opp. Thaltej Fire Station, Zydus Hospital Road, Thaltej,, Ahmedabad, Gujarat, 380059.

When was Arovea Formulations Private Limited incorporated?

Arovea Formulations Private Limited was incorporated on 17 June 2021.

Who are the current directors of Arovea Formulations Private Limited?

The current directors of Arovea Formulations Private Limited are

What is the primary industry of Arovea Formulations Private Limited?

The primary industry of Arovea Formulations Private Limited is Trade.

Is Arovea Formulations Private Limited a listed company?

Arovea Formulations Private Limited is unlisted.

What is the capital structure of Arovea Formulations Private Limited?

The authorized capital of Arovea Formulations Private Limited is ₹0.10 M, and the paid-up capital is ₹0.10 M.

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