About Acg Associated Capsules Private Limited
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Acg Associated Capsules Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 13 July 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24239MH1961PTC012061. Its GSTIN is 27AAACA4769K1ZD (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹28.24 Lakh. It was formerly known as Associated Capsules Private Limited and Associated Capsules Limited. It is led by directors including Karan Jasjit Singh (Managing Director) and Ajit Daljit Singh (Whole-Time Director).
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 131 Kandivli Industrial Estate, Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,250.74 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹432.94 Cr (net margin 19.2%) and EBITDA of ₹663.61 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 16% over five years.
The company has about 1,804 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 3 brands: ACG Associated Capsules, ACG Group and ACG. As per MCA filings, the company has open charges of ₹280.62 Cr and satisfied charges of ₹203.02 Cr on record. Court records list 212 cases involving the company, including 161 filed by the company and 51 filed against it; 30 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹204.89 Cr; the latest was in March 2022. Its 10 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Apl Healthcare Limited with revenue of ₹4,412.92 Cr. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 177 overdue payments to 40 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 acg-world.com.
Company details
Name history
Acg Associated Capsules has undergone 2 name changes throughout its history. The company was previously known as Associated Capsules Private Limited, and Associated Capsules Limited. The current legal name is Acg Associated Capsules Private Limited.
| Company Name | Status |
|---|---|
| Acg Associated Capsules Private Limited | Current |
| Associated Capsules Private Limited | Previous |
| Associated Capsules Limited | Previous |
Contact details
Acg Associated Capsules Private Limited's registered office is in Mumbai, Maharashtra. Its website is acg-world.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address131 Kandivli Industrial Estate, Mumbai, Maharashtra, India – 400067
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Acg Associated Capsules 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
Acg Associated Capsules operates multiple associated brands including ACG Associated Capsules, ACG Group, and ACG. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of solid dosage products, pharmaceutical machinery and equipment, and packaging solutions | acg-world.com | |
| Capsules and tablets packaging services are provided globally. | acg-associatedcapsules.com | |
| A distributor specializing in gelatin capsules for pharmaceutical applications. | associatedcapsules.com |
Business activity
The main business activity of Acg Associated Capsules 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 Acg Associated Capsules Private Limited, buy the company report.
Financials of Acg Associated Capsules Private Limited
FY 2025 filings availableAcg Associated Capsules Private Limited reported revenue of ₹2,250.74 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 10% growth in the latest year. EBITDA rose 50% 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 | |||||
| Total Revenue | ₹2,250.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹663.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹432.94 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.5% | ||||
| Net Profit Margin | 19.2% | ||||
| 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 Acg Associated Capsules Private Limited, buy the company report.
Board of directors of Acg Associated Capsules Private Limited
Acg Associated Capsules has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Daljit Singh | Whole-Time Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Jasjit Daljit Singh | Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Selwyn Mariano Jonas Noronha | Whole-Time Director | 19 Oct 2015 | 11 Years 0 Months | Current |
| Karan Jasjit Singh | Managing Director | 01 Apr 2005 | 21 Years 6 Months | Current |
Peer comparison
Acg Associated Capsules Private Limited is compared with the 10 companies closest to it by revenue in the Pharma industry (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 |
|---|---|---|---|---|---|---|
| Apl Healthcare Limited | ₹4,412.92 Cr (FY 2025) | 39.0% | Hyderabad, Telangana, India | |||
| Akums Drugs and Pharmaceuticals Limited | ₹4,170.28 Cr (FY 2025) | -1.0% | Delhi, India | |||
| J B Chemicals and Pharmaceuticals Limited | ₹3,956.31 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Glaxosmithkline Pharmaceuticals Limited | ₹3,895.14 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Cadila Pharmaceuticals Limited | ₹3,869.17 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Shreya Life Sciences Private Limited | ₹2,946.23 Cr (FY 2025) | 284.0% | Mumbai, Maharashtra, India | |||
| Amneal Pharmaceuticals Private Limited | ₹2,944.87 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Eris Lifesciences Limited | ₹2,912 Cr (FY 2025) | 43.0% | Ahmedabad, Gujarat, India | |||
| Sandoz Private Limited | ₹2,778.2 Cr (FY 2025) | -2.0% | Navi Mumbai, Maharashtra, India | |||
| Biological E. Limited | ₹2,708 Cr (FY 2024) | -30.0% | Telangana, India | |||
| Acg Associated Capsules Private Limitedthis company | ₹2,250.74 Cr (FY 2025) | ₹432.94 Cr | 19.2% | 10.0% | 1,804 | Mumbai, Maharashtra, India |
To see the full peer comparison of Acg Associated Capsules Private Limited, buy the company report.
Auditor
Acg Associated Capsules Private Limited is audited by M S K A & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2025 | 105047W |
Shareholding
The shareholding of Acg Associated Capsules Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Acg Associated Capsules Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2022 | 100633121 | Citi Bank N.A. | ₹38 Cr | Open | |
| 21 Apr 2014 | 10495627 | The Hongkong and Shanghai Banking Corporation Limited | ₹229.21 Cr | Open | |
| 27 Mar 1997 | 90229192 | Industrial Development Bank of India | ₹7 Cr | Open | |
| 23 Feb 1994 | 90228733 | Industrial Development Bank of India | ₹3.75 Cr | Open | |
| 20 Oct 1992 | 90228585 | Industrial Development Bank of India | ₹1.5 Cr | Open |
To see the full charge records of Acg Associated Capsules Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Acg Associated Capsules Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹204.89 Cr; the latest was in March 2022.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Jasjit Singh Family Trust, Ajit Singh Family Trust, 2 individuals |
| Dec 2019 | Funding round | ₹29 Lakh | Investors: Ajit Singh Family Trust, Jasjit Singh Family Trust, 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: an individual |
| May 2010 | Acquisition | Undisclosed | Buyer: Orind Estates Private Limited Seller: Ae Advisors Private Limited , Eh Advisors and Consultants Private Limited , 2 individuals |
To see the full deal history of Acg Associated Capsules 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
Acg Associated Capsules Private Limited has 212 court cases on record: 161 filed by Acg Associated Capsules, 51 filed against it. 30 cases are pending and 182 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 112 | 16 | 20 |
| High courts | 95 | 32 | 10 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 212)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Pegasus Farmaco India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S and Healthcare Ltd and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Pegasus Farmaco India Pvt Ltd and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Pegasus Farmaco India Pvt Ltd and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S. Healthcaps India Ltd. and 1 other | Pending |
To see the full case history of Acg Associated Capsules 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.
Credit ratings & regulatory alerts
Acg Associated Capsules Private Limited was last rated by Crisil on 20 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 20 Jul 2021 |
To see the full credit ratings and regulatory alerts of Acg Associated Capsules Private Limited, buy the company report.
MSME payment delays
Acg Associated Capsules Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 177 overdue payments to 40 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 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Mass Weigh Systems Private Limited | |||
| an individual supplier | |||
| Rentokil Initial Hygiene India Private Limited |
To see the full MSME payment records of Acg Associated Capsules Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Acg Associated Capsules has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Acg Gelatin Private Limited | U24200MH2021PTC369271 | |
| Acg Universal Capsules Private Limited | U24230MH2021PTC364336 | |
| Acg Cellulose Private Limited | U24290MH2020PTC347403 | |
| Acg Sports Private Limited | U92412MH2021PTC362267 |
To see the full group structure of Acg Associated Capsules Private Limited, buy the company report.
Employees & EPFO
Acg Associated Capsules Private Limited has a workforce of 1,804 employees on its EPFO records as of Oct 08, 2025, across 4 active EPFO establishments.
GST
Acg Associated Capsules has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA4769K1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AAACA4769K2ZC | Maharashtra | Active | 25 Jul 2025 |
| 23AAACA4769K1ZL | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Acg Associated Capsules Private Limited, buy the company report.
Recent activity
Acg Associated Capsules Private Limited has 6 board changes on record since 2005: 5 appointments and 1 cessation. The latest: Jagmohanlal Chopra ceased to be Additional Director on 11 Jul 2018.
22 earlier events are in the company report.
News
Frequently asked questions
Acg Associated Capsules is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 13 July 1961 (65+ years old) and is registered under CIN U24239MH1961PTC012061.
Acg Associated Capsules has 4 current directors:
- Karan Jasjit Singh - Managing Director
- Ajit Daljit Singh - Whole-Time Director
- Selwyn Mariano Jonas Noronha - Whole-Time Director
- Jasjit Daljit Singh - Director
The latest financial statements of Acg Associated Capsules 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 2015 are in the company report.
The GSTIN of Acg Associated Capsules is 27AAACA4769K1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACA4769K2ZC (Maharashtra), 23AAACA4769K1ZL (Madhya Pradesh).
The CIN (Corporate Identification Number) of Acg Associated Capsules is U24239MH1961PTC012061. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acg Associated Capsules has 212 court cases on record: 161 filed by the company and 51 filed against it. 30 are pending. Most are in the district courts.
Acg Associated Capsules was incorporated on 13 July 1961, making it 65+ years old. It is registered with the Registrar of Companies, Mumbai.
Acg Associated Capsules has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹204.89 Cr; the latest was in March 2022.
The peers of Acg Associated Capsules by revenue are Apl Healthcare Limited, Akums Drugs and Pharmaceuticals Limited, J B Chemicals and Pharmaceuticals Limited, Glaxosmithkline Pharmaceuticals Limited, Cadila Pharmaceuticals Limited and 5 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jagmohanlal Chopra ceased to be Additional Director on 11 Jul 2018. Selwyn Mariano Jonas Noronha was appointed as Whole-Time Director on 19 Oct 2015. Jagmohanlal Chopra was appointed as Additional Director on 01 Oct 2006. Acg Associated Capsules has 6 board changes on record in total.
Acg Associated Capsules has 7 MSME Form 1 returns on record between 2022 and 2024, listing 177 overdue payments to 40 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Acg Associated Capsules can be reached through the website acg-world.com. Its registered office is in Mumbai, Maharashtra, India.