About Avacare India Private Limited
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Avacare India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 27 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2011PTC212745. Its GSTIN is 27AAPCS2697K1ZH (Maharashtra).
The company has an authorised share capital of ₹13.5 Lakh and a paid-up capital of ₹12.76 Lakh. It was formerly known as Sweta Life Care Private Limited. It is led by directors Vithal Govind Dhamankar and Dip Samirbhai Desai.
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 809 Agarwal B2B Centre Dhruv Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.43 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net loss of ₹1.42 Cr (net margin -15.1%) and EBITDA of -₹1.85 Cr (EBITDA margin -19.6%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Avacare and Avacare Health. As per MCA filings, the company has satisfied charges of ₹3.9 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avacarehealth.com.
Company details
Contact details
Avacare India Private Limited's registered office is in Mumbai, Maharashtra. Its website is avacarehealth.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOffice No. 809 Agarwal B2B Centre Dhruv Park, Kanchpada Demonte Lane, Mumbai, Maharashtra, India – 400064
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Avacare 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
Avacare India operates two associated brands: Avacare and Avacare Health. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides clinical trial management services for sponsors, sites, and patients globally. | avacare.com | |
| Pharmaceuticals, medical disposables, health products, and equipment are distributed. | avacarehealth.com |
Business activity
The main business activity of Avacare India 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 Avacare India Private Limited, buy the company report.
Financials of Avacare India Private Limited
FY 2025 filings availableAvacare India Private Limited reported revenue of ₹9.43 Cr (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 51% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. 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 | -₹1.85 Cr | ||||
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| Net Profit (PAT) | -₹1.42 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 | -19.6% | ||||
| Net Profit Margin | -15.1% | ||||
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To see the full financial statements and ratios of Avacare India Private Limited, buy the company report.
Board of directors of Avacare India Private Limited
Avacare India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vithal Govind Dhamankar Also directs: Avacare Shared Services (India) Private Limited | Director | 03 Sep 2019 | 7 Years 1 Months | Current |
| Dip Samirbhai Desai Also directs: Avacare Shared Services (India) Private Limited | Director | 08 Jul 2015 | 11 Years 3 Months | Current |
Auditor
Avacare India Private Limited is audited by PANSARI GARG & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANSARI GARG & ASSOCIATES | FY 2022 | 128547W |
Shareholding
The shareholding of Avacare India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avacare India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2015 | 10561217 | The Shamrao Vithal Cooperative Bank Limited | ₹1.5 Cr | Satisfied | |
| 05 Mar 2012 | 10343559 | The Shamrao Vithal Co-Operative Bank Limited | ₹1.2 Cr | Satisfied | |
| 24 Jun 2011 | 10295485 | The Shamrao Vithal Cooperative Bank Limited | ₹1.2 Cr | Satisfied |
To see the full charge records of Avacare India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Avacare India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Legal Metrology Department | Disposed |
To see the full case history of Avacare 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 Avacare India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avacare India Private Limited has a workforce of 1 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Avacare India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCS2697K1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avacare India Private Limited, buy the company report.
Recent activity
Avacare India Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Vithal Govind Dhamankar ceased to be Additional Director on 30 Sep 2019.
9 earlier events are in the company report.
Frequently asked questions
Avacare India is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 27 January 2011 (15+ years old) and is registered under CIN U51909MH2011PTC212745.
Avacare India has 2 current directors:
- Vithal Govind Dhamankar - Director
- Dip Samirbhai Desai - Director
The latest financial statements of Avacare India 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 Avacare India is 27AAPCS2697K1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avacare India is U51909MH2011PTC212745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avacare India has 1 court case on record: 1 filed against it.
Avacare India was incorporated on 27 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Vithal Govind Dhamankar ceased to be Additional Director on 30 Sep 2019. Shailesh Kailashchandra Singhal ceased to be Managing Director on 03 Sep 2019. Vithal Govind Dhamankar was appointed as Director on 03 Sep 2019. Avacare India has 10 board changes on record in total.
Avacare India can be reached through the website avacarehealth.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Avacare India is at Office No. 809 Agarwal B2B Centre Dhruv Park, Kanchpada Demonte Lane, Mumbai, Maharashtra, India – 400064.