About Avra Laboratories Private Limited
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Avra Laboratories Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 20 July 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1995PTC403253. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹7 Cr. It was led by directors including Atin Hirachand Jain and Venkatanaga Kali Vetukuri Vara Prasada Raju.
Its last annual general meeting (AGM) was held on 26 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹168.57 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹24.67 Cr (net margin 14.6%) and EBITDA of ₹39.97 Cr (EBITDA margin 23.7%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 6% over five years.
The company had about 371 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: AVRA Laboratories and Avra Synthesis. As per MCA filings, the company had satisfied charges of ₹123.72 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it. The company has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹2 Cr; the latest was in September 2022. Its 10 peer companies in the Pharma industry (API Manufacturers), 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 Vartika Chemicals & Pharmaceuticals Private Limited with revenue of ₹120.07 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 500 overdue payments to 94 micro and small suppliers.
The last known website on record is avrasynthesis.com.
Company details
CIN history
Avra Laboratories has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24230MH1995PTC403253, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230MH1995PTC403253 | Current |
| U24230TG1995PTC021115 | Previous |
| U24230AP1995PTC021115 | Previous |
Contact details
Avra Laboratories Private Limited's registered office is in Mumbai, Maharashtra. Its website is avrasynthesis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address215 Atrium C Wing 8th Floor 819 – 821, Andheri Kurla Road Chakala Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryPharma, API Manufacturers
To see the full contact details of Avra Laboratories 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
Avra Laboratories operates two associated brands: AVRA Laboratories and Avra Synthesis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Company offering CDMO and custom synthesis services for APIs and Intermediates | avralab.com | |
| Fine chemicals and solvents are manufactured and supplied. | avrasynthesis.com |
Financials of Avra Laboratories Private Limited
FY 2023 filings availableAvra Laboratories Private Limited reported revenue of ₹168.57 Cr (up 45% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 45% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 45% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹168.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹39.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.67 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.7% | ||||
| Net Profit Margin | 14.6% | ||||
| 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 Avra Laboratories Private Limited, buy the company report.
Board of directors of Avra Laboratories Private Limited
Avra Laboratories has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atin Hirachand Jain Also directs: Coforge Limited, Sapala Organics Private Limited | Director | 13 Apr 2022 | 4 Years 6 Months | As last reported |
| Venkatanaga Kali Vetukuri Vara Prasada Raju Also directs: Deccan Fine Chemicals (India) Private Limited | Director | 13 Apr 2022 | 4 Years 6 Months | As last reported |
| Jayant Bhalchandra Manmadkar Also directs: Kion Blenders Industries Private Limited | Director | 13 Apr 2022 | 4 Years 6 Months | As last reported |
Peer comparison
Avra Laboratories Private Limited is compared with the 10 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Avra Laboratories Private Limitedthis company | ₹168.57 Cr (FY 2022) | ₹24.67 Cr | 14.6% | 45.0% | 371 | Mumbai, Maharashtra, India |
| Vartika Chemicals & Pharmaceuticals Private Limited | ₹120.07 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Virchow Chemicals Pvt. Ltd. | ₹120.01 Cr (FY 2020) | -26.0% | Hyderabad, Telangana, India | |||
| Surya Life Sciences Limited | ₹118.61 Cr (FY 2025) | 12.0% | Navi Mumbai, Maharashtra, India | |||
| Lactose (India) Limited | ₹117.85 Cr (FY 2025) | 2.0% | Poicha, Gujarat, India | |||
| Prachem Laboratories Private Limited | ₹117.4 Cr (FY 2025) | -6.0% | Gandhinagar, Gujarat, India | |||
| Aastrid Life Sciences Private Limited | ₹115.25 Cr (FY 2025) | 6.0% | Navi Mumbai, Maharashtra, India | |||
| Element Chemilink Private Limited | ₹115.09 Cr (FY 2025) | 31.0% | Gujarat, India | |||
| Godavari Drugs Limited | ₹114.33 Cr (FY 2025) | -27.0% | Secunderabad, Telangana, India | |||
| Archimedis Laboratories Private Limited | ₹114.19 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India | |||
| Glochem Industries Private Limited | ₹113.55 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Avra Laboratories Private Limited, buy the company report.
Auditor
Avra Laboratories Private Limited is audited by RAMANATHAM & RAO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMANATHAM & RAO | FY 2022 | 02934S |
Shareholding
The shareholding of Avra Laboratories 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avra Laboratories Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2014 | 10534431 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Satisfied | |
| 17 Nov 2014 | 10534435 | The Hongkong and Shanghai Banking Corporation Limited | ₹11 Cr | Satisfied | |
| 22 Mar 2013 | 10423609 | Others | ₹78.33 Cr | Satisfied | |
| 24 Jan 2006 | 90259299 | Technology Development Board | ₹4.75 Cr | Satisfied | |
| 05 Dec 2002 | 90116232 | State Bank of India | ₹13.35 Cr | Satisfied |
To see the full charge records of Avra Laboratories Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Avra Laboratories Private Limited has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹2 Cr; the latest was in September 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Advent India PE Advisors, an individual Seller: an individual |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Zydus Lifesciences Limited |
To see the full deal history of Avra Laboratories 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
Avra Laboratories Private Limited has 9 court cases on record: 8 filed by Avra Laboratories, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| NCLT | 3 | 0 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Ltd. and 2 others | Disposed |
| NCLT, Mumbai | Court case (COMP.APPL) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Court case (MVOP) | Filed against the company | Disposed |
To see the full case history of Avra Laboratories 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
Avra Laboratories Private Limited was last rated by Care on 07 Nov 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Nov 2022 |
To see the full credit ratings and regulatory alerts of Avra Laboratories Private Limited, buy the company report.
MSME payment delays
Avra Laboratories Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 500 overdue payments to 94 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 94)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chrome Source | |||
| Unichem Corporation | |||
| an individual supplier | |||
| LCGC Bioanalytic Solutions LLP | |||
| an individual supplier |
To see the full MSME payment records of Avra Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Avra Laboratories Private Limited has a workforce of 371 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Avra Laboratories has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avra Laboratories Private Limited, buy the company report.
Recent activity
Avra Laboratories Private Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Ramakrishna Rao ceased to be Director on 12 Sep 2022.
25 earlier events are in the company report.
Frequently asked questions
Avra Laboratories has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Avra Laboratories was a private limited company based in Mumbai, Maharashtra, India. The company worked in api manufacturers, within the pharma industry. It was incorporated on 20 July 1995 and is registered under CIN U24230MH1995PTC403253. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Avra Laboratories was incorporated on 20 July 1995. It is registered with the Registrar of Companies, Mumbai.
Avra Laboratories had 3 directors:
- Atin Hirachand Jain - Director
- Venkatanaga Kali Vetukuri Vara Prasada Raju - Director
- Jayant Bhalchandra Manmadkar - Director
The CIN (Corporate Identification Number) of Avra Laboratories is U24230MH1995PTC403253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Avra Laboratories is at 215 Atrium C Wing 8th Floor 819 – 821, Andheri Kurla Road Chakala Andheri East, Mumbai, Maharashtra, India – 400093.
Avra Laboratories can be reached through the website avrasynthesis.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Avra Laboratories on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 26 September 2023. Year-wise statements from 2015 are in the company report.
No. Avra Laboratories has 3 GST registrations on record and all of them are cancelled or inactive.
Avra Laboratories operated in the pharma industry, in the api manufacturers segment.
Avra Laboratories has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹2 Cr; the latest was in September 2022.
The peers of Avra Laboratories by revenue are Vartika Chemicals & Pharmaceuticals Private Limited, Virchow Chemicals Pvt. Ltd, Surya Life Sciences Limited, Lactose (India) Limited, Prachem Laboratories Private Limited and 5 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).