About Asphar Research Labs Private Limited
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Asphar Research Labs Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Hetero Drugs Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U24304TG2017PTC117269. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Sudhakar Rao Vidiyala and Venkata Rao Yaramasu.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 47 Third Floor Industrial Development Area Balanagar, Hyderabad, Telangana, India – 500037.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.57 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 19.8%) and EBITDA of ₹5.73 Cr (EBITDA margin 75.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 55% over five years.
The company has about 576 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 acquisition); the latest was in March 2019. Its 5 peer companies in the Pharma industry (Contract Research, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 3 smaller; the largest is Vigyan Pharma Chem Private Limited with revenue of ₹7.6 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 141 overdue payments to 39 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 asphar.ascentpharm.com.
Company details
Contact details
Asphar Research Labs Private Limited's registered office is in Hyderabad, Telangana. Its website is asphar.ascentpharm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 47 Third Floor Industrial Development Area Balanagar, Hyderabad, Telangana, India – 500037
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Asphar Research Labs 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
Business activity
The main business activity of Asphar Research Labs 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 Asphar Research Labs Private Limited, buy the company report.
Financials of Asphar Research Labs Private Limited
FY 2025 filings availableAsphar Research Labs Private Limited reported revenue of ₹7.57 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 19% growth in the latest year. EBITDA rose 18% 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 | ₹5.73 Cr | ||||
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| Net Profit (PAT) | ₹1.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 75.6% | ||||
| Net Profit Margin | 19.8% | ||||
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To see the full financial statements and ratios of Asphar Research Labs Private Limited, buy the company report.
Board of directors of Asphar Research Labs Private Limited
Asphar Research Labs has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhakar Rao Vidiyala Also directs: Orugallu Biofuel Private Limited | Director | 21 Jul 2023 | 3 Years 3 Months | Current |
| Venkata Rao Yaramasu | Additional Director | 17 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Asphar Research Labs Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Contract Research, Formulations), 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 |
|---|---|---|---|---|---|---|
| Vigyan Pharma Chem Private Limited | ₹7.6 Cr (FY 2025) | 54.0% | Mhow, Madhya Pradesh, India | |||
| Vital Formulations Limited | ₹7.57 Cr (FY 2025) | 20.0% | Kheda, Gujarat, India | |||
| Asphar Research Labs Private Limitedthis company | ₹7.57 Cr (FY 2025) | ₹1.5 Cr | 19.8% | 19.0% | 576 | Hyderabad, Telangana, India |
| Visvas Lifesciences Private Limited | ₹7.56 Cr (FY 2021) | 1489.0% | Hyderabad, Telangana, India | |||
| Q P Pharmachem Limited | ₹7.55 Cr (FY 2025) | -36.0% | Chandigarh, India | |||
| Hippo Labs Private Limited | ₹7.55 Cr (FY 2024) | -2.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Asphar Research Labs Private Limited, buy the company report.
Auditor
Asphar Research Labs Private Limited is audited by M V NARAYANA REDDY & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V NARAYANA REDDY & CO. | FY 2023 | 002370S |
Shareholding
The shareholding of Asphar Research Labs 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Asphar Research Labs Private Limited, buy the company report.
Deals & funding
Asphar Research Labs Private Limited has 1 deal on record (1 acquisition); the latest was in March 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Acquisition | ₹9 Lakh | Buyer: Hetero Drugs Limited |
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 Asphar Research Labs 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
Asphar Research Labs Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 141 overdue payments to 39 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 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Blue Fence Systems Private Limited | |||
| Chromatography World | |||
| Sri Balaji Gases & Chemicals | |||
| Srinivasa Marketing | |||
| Akira Analytical Solutions Private Limited |
To see the full MSME payment records of Asphar Research Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asphar Research Labs Private Limited has a workforce of 576 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Asphar Research Labs has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Asphar Research Labs Private Limited, buy the company report.
Recent activity
Asphar Research Labs Private Limited has 7 board changes on record since 2017: 2 appointments and 5 cessations. The latest: Venkata Rao Yaramasu was appointed as Additional Director on 17 Oct 2025.
Frequently asked questions
Asphar Research Labs is an active private limited company based in Hyderabad, Telangana, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 May 2017 (9+ years old) and is registered under CIN U24304TG2017PTC117269.
Asphar Research Labs has 2 current directors:
- Sudhakar Rao Vidiyala - Director
- Venkata Rao Yaramasu - Additional Director
The latest financial statements of Asphar Research Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2018 are in the company report.
No. Asphar Research Labs has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Asphar Research Labs is U24304TG2017PTC117269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asphar Research Labs was incorporated on 23 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
Asphar Research Labs has 1 deal on record (1 acquisition); the latest was in March 2019.
The peers of Asphar Research Labs by revenue are Vigyan Pharma Chem Private Limited, Vital Formulations Limited, Visvas Lifesciences Private Limited, Q P Pharmachem Limited, Hippo Labs Private Limited, all in the Pharma industry (Contract Research, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Venkata Rao Yaramasu was appointed as Additional Director on 17 Oct 2025. Sudhakar Rao Vidiyala ceased to be Additional Director on 26 Sep 2023. Sudhakar Rao Vidiyala was appointed as Director on 21 Jul 2023. Asphar Research Labs has 7 board changes on record in total.
Asphar Research Labs has 8 MSME Form 1 returns on record between 2019 and 2024, listing 141 overdue payments to 39 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Asphar Research Labs can be reached through the website asphar.ascentpharm.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Asphar Research Labs is at Plot No. 47 Third Floor Industrial Development Area Balanagar, Hyderabad, Telangana, India – 500037.
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