Fortune MNC 500 India 2026 edition
Rank#430- Total income
- ₹508 Cr
- Profit
- ₹69 Cr
Last year #417
Baxter India Private Limited - healthcare in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹505.19 Cr
▲ 4% YoY
Net profit · FY 2024
₹69.41 Cr
Net margin 13.7%
EBITDA · FY 2024
₹88.29 Cr
EBITDA margin 17.5%
Authorised capital
₹756 Cr
Registered with MCA
Paid-up capital
₹419.26 Cr
Issued & subscribed
Satisfied charges
₹13.8 Cr
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
245
Provident fund records
About Baxter India Private Limited
Data last updated:
Baxter India Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Baxter Pacific Investments Pte Ltd.. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 11 June 1996 and has been in existence for over 30 years.
Baxter India is ranked #430 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U33112HR1996PTC038528. Its GSTIN is 06AAACB3906F1Z6 (Haryana). The company holds 17 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹756 Cr and a paid-up capital of ₹419.26 Cr. It is led by directors including Shalini Naagar and Ajay Bijani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5th Floor Tower A Building 9 DLF Cyber City DLF Phase – III, Gurgaon, Haryana, India – 122002.
As per the financials filed for FY 2024, the company reported a revenue of ₹505.19 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹69.41 Cr (net margin 13.7%) and EBITDA of ₹88.29 Cr (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
The company has about 245 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Baxter. As per MCA filings, the company has satisfied charges of ₹13.8 Cr on record. Court records list 144 cases involving the company, including 110 filed by the company and 34 filed against it; 15 cases are pending. The company has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹465.36 Cr; the latest was in February 2022. The company has 20 MSME Form 1 returns on record between 2019 and 2024, listing 3,021 overdue payments to 120 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 baxter.in.
Company details
CIN U33112HR1996PTC038528
Registration Number 038528
Incorporation Date 11 June 1996
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Baxter Pacific Investments Pte Ltd.
Compliance Status Active Compliant
CIN history
Baxter India has one previous CIN (Corporate Identification Number): U33112DL1996PTC079573. The current CIN is U33112HR1996PTC038528, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33112HR1996PTC038528 | Current |
| U33112DL1996PTC079573 | Previous |
Recognitions & Rankings of Baxter India
Contact details
Baxter India Private Limited's registered office is in Gurgaon, Haryana. Its website is baxter.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Tower A Building 9 DLF Cyber City DLF Phase – III, Gurgaon, Haryana, India – 122002
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Baxter India Private Limited, buy the company report.
Comprehensive company report
Baxter India Private Limited - one report that includes everything
- 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
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Brands
Baxter India operates one associated brand: Baxter. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biosciences, medication delivery, and renal products are developed and marketed. | baxter.com |
Financials of Baxter India Private Limited
FY 2024 filings availableBaxter India Private Limited reported revenue of ₹505.19 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹505.19 Cr ▲ 4%
Net profit · FY 2024
₹69.41 Cr margin 13.7%
EBITDA · FY 2024
₹88.29 Cr margin 17.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 12%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 31%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 4% growth in the latest year. EBITDA rose 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹505.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹88.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.41 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.5% | ||||
| Net Profit Margin | 13.7% | ||||
| 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 Baxter India Private Limited, buy the company report.
Board of directors of Baxter India Private Limited
Baxter India has 4 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalini Naagar | Director | 29 Dec 2020 | 5 Years 10 Months | Current |
| Ajay Bijani | Director | 04 Jan 2024 | 2 Years 10 Months | Current |
| Anuranjan Naresh Also directs: Baxter Pharmaceuticals India Private Limited | Additional Director | 22 Jul 2025 | 1 Years 3 Months | Current |
| Tripti Sapra Also directs: Baxter Pharmaceuticals India Private Limited | Additional Director | 15 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Baxter India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2024 | 001076N/N500013 |
Shareholding
The shareholding of Baxter India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Baxter India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹13.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2003 | 90054956 | Standard Chartered Bank | ₹5 Cr | Satisfied | |
| 24 Oct 1998 | 90053444 | Citi Bank N.A. | ₹6.8 Cr | Satisfied | |
| 19 Mar 1998 | 90053282 | Citi Bank N.A. | ₹2 Cr | Satisfied |
To see the full charge records of Baxter India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Baxter India Private Limited has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹465.36 Cr; the latest was in February 2022.
Total deals
4
Funding rounds
2
Secondary share transfer
1
Acquisition
1
Disclosed funding
₹465.36 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Seller: Baxter Pacific Investment Pte Ltd |
| Oct 2016 | Acquisition | Undisclosed | Buyer: Eurolife Healthcare Private Limited Seller: Baxter India Private Limited |
| Feb 2014 | Funding round | ₹314.86 Cr | Investors: Baxter Pacific Investment Pte Ltd |
| Dec 2008 | Funding round | ₹150.5 Cr | Investors: Baxter Pacific Investment Pte Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Baxter India Private Limited has 144 court cases on record: 110 filed by Baxter India, 34 filed against it. 15 cases are pending and 129 are disposed.
Total cases
144
Filed by the company
110
Filed against the company
34
Pending
15
Disposed
129
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 77 | 23 | 2 |
| High courts | 65 | 10 | 13 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 144)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Company petition | Filed against the company by Gambro India Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India Thro. the Secretary | Pending |
| District court, Central, Delhi | Revision petition | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against The Assistant Commissioner CGST Gurugram and Another | Pending |
| High Court of Delhi | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax, Circle 4(2), Delhi & Anr. | Pending |
To see the full case history of Baxter 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
Baxter India Private Limited has 20 MSME Form 1 returns on record between 2019 and 2024, listing 3,021 overdue payments to 120 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 120)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Authbridge Research Services Pvt. Ltd. | |||
| Infotree Global Solutions Private Limited | |||
| Starnet |
To see the full MSME payment records of Baxter India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Baxter India Private Limited has a workforce of 245 employees on its EPFO records as of Mar 31, 2025, across 7 active EPFO establishments.
Employee count
245
Active EPFO establishments
7
Employee growth
-44.57%
GST
Baxter India has 17 GST registrations: 6 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
6
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACB3906F1Z6 | Haryana | Active | 01 Jul 2017 |
| 06AAACB3906F2Z5 | Haryana | Active | 24 Jul 2017 |
| 07AAACB3906F1Z4 | Delhi | Active | 01 Jul 2017 |
| 19AAACB3906F1ZZ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Baxter India Private Limited, buy the company report.
Recent activity
Baxter India Private Limited has 33 board changes on record since 2008: 6 appointments and 27 cessations. The latest: Anuranjan Naresh was appointed as Additional Director on 22 Jul 2025.
Appointed
Anuranjan Naresh was appointed as Additional Director.
Appointed
Tripti Sapra was appointed as Additional Director.
AGM
Baxter India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ajay Bijani ceased to be Additional Director.
Ceased
Rahul Agarwal ceased to be Additional Director.
Filing
Baxter India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Ajay Bijani was appointed as Director.
Appointed
Rahul Agarwal was appointed as Director.
Ceased
Pranav Kumar Sharma ceased to be Director.
Appointed
Pranav Kumar Sharma was appointed as Managing Director.
Ceased
Rishubh Gupta ceased to be Additional Director.
Ceased
Sathyanarayanan Ramadoss ceased to be Director.
30 earlier events are in the company report.
News
Frequently asked questions
Baxter India is an active private limited company based in Gurgaon, Haryana, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 11 June 1996 (30+ years old) and is registered under CIN U33112HR1996PTC038528.
Baxter India has 4 current directors:
- Shalini Naagar - Director
- Ajay Bijani - Director
- Anuranjan Naresh - Additional Director
- Tripti Sapra - Additional Director
The latest financial statements of Baxter India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Baxter India is 06AAACB3906F1Z6, registered in Haryana. The company has 17 GST registrations in all, of which 6 are active and 11 are cancelled or inactive. Other active GSTINs include 06AAACB3906F2Z5 (Haryana), 07AAACB3906F1Z4 (Delhi), 19AAACB3906F1ZZ (West Bengal).
The CIN (Corporate Identification Number) of Baxter India is U33112HR1996PTC038528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Baxter India has 144 court cases on record: 110 filed by the company and 34 filed against it. 15 are pending. Most are in the district courts.
Baxter India was incorporated on 11 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
Baxter India has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹465.36 Cr; the latest was in February 2022.
Anuranjan Naresh was appointed as Additional Director on 22 Jul 2025. Tripti Sapra was appointed as Additional Director on 15 Oct 2024. Ajay Bijani ceased to be Additional Director on 29 Sep 2024. Baxter India has 33 board changes on record in total.
Baxter India has 20 MSME Form 1 returns on record between 2019 and 2024, listing 3,021 overdue payments to 120 micro and small suppliers. The latest return was filed on 01 May 2024.
Baxter India can be reached through the website baxter.in. Its registered office is in Gurgaon, Haryana, India.
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