About Brussels Laboratories Pvt Ltd
Data last updated:
Brussels Laboratories Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 28 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1993PTC020542. Its GSTIN is 24AAACB6302K1Z1 (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Rajesh Govind Mandavle and Randhirkumar Madhavlal Chaudhari.
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 33 Changodar Industrialestate Sarkhej – Bavla Road Changodar, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.73 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Cr (net margin 2.6%) and EBITDA of ₹3.01 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Brussels Laboratories. As per MCA filings, the company has open charges of ₹13.17 Cr and satisfied charges of ₹21.77 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 7 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brusselslaboratories.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address33 Changodar Industrialestate Sarkhej – Bavla Road Changodar, Ahmedabad, Gujarat, India – 382210
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Brussels Laboratories Pvt Ltd
The main business activity of Brussels Laboratories is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Brussels Laboratories Pvt Ltd FY 2025 filings available
Brussels Laboratories Pvt Ltd reported revenue of ₹42.73 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Brussels Laboratories Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 7% growth in the latest year. EBITDA fell 6% 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 of Brussels Laboratories Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.12 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 of Brussels Laboratories Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Brussels Laboratories are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xieon Life Sciences Private Limited | ₹43.18 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Gujarat Medicraft Private Limited | ₹43.04 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Ahmedabad, Gujarat, India |
| Dheer Health Care Private Limited | ₹42.88 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| Waterley Pharmaceuticals Private Limited | ₹42.86 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Secunderabad, Telangana, India |
| Legency Remedies Private Limited | ₹42.77 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Baddi, Himachal Pradesh, India |
| Brussels Laboratories Pvt Ltd this company | ₹42.73 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| La Chemico Pvt Ltd | ₹42.52 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Maya Biotech Private Limited | ₹42.5 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Chandigarh, India |
| Base Medico Private Limited | ₹42.21 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Vadodara, Gujarat, India |
| Spectrum Formulation Private Limited | ₹42.18 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Indore, Madhya Pradesh, India |
| Supercure Biotech Private Limited | ₹42.03 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Brussels Laboratories by revenue in the Pharma industry (Formulations), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd is audited by J. SINGH & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J. SINGH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Brussels Laboratories Pvt Ltd
Brussels Laboratories has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Govind Mandavle Also directs: Brunus Lifesciences LLP | Director | 14 Sep 2017 | 9 Years 0 Months | Current |
| Randhirkumar Madhavlal Chaudhari | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Ashokbhai Chelabhai Patel Also directs: Brunus Lifesciences LLP | Director | 01 Jul 2010 | 16 Years 3 Months | Current |
| Urmilkumar Ramchandra Soni Also directs: Arhan Metals LLP, Oxtro Expo Management Private Limited | Director | 02 Sep 2013 | 13 Years 1 Months | Current |
Ownership and Shareholding of Brussels Laboratories Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Brussels Laboratories Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2020 | Others | ₹13.17 Cr | Open |
| 01 Dec 2018 | The Kalupur Commercial Co-Operative Bank Limited | ₹7.13 Cr | Satisfied |
| 17 Oct 2017 | Others | ₹4.75 Cr | Satisfied |
| 05 Jul 2017 | Others | ₹4 Cr | Satisfied |
| 01 Mar 2012 | Central Bank of India | ₹2 Lakh | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd has 10 court cases on record: 2 filed by Brussels Laboratories, 7 filed against it, 1 where it is another party. 3 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 4 | 1 |
| District courts | 5 | 3 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Ajanta Pharma Limited | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Ajanta Pharma Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Union of India Drugs Inspector | Pending |
| District court, Nagpur, Maharashtra | Court case (R.C.C.) | Company is another party | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against National Pharmaceuticals Pricing Authority | Pending |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 218 overdue payments to 32 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 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Pavesha Pharma | •••• | •••• | •••• |
| Viral Industries Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Brussels Laboratories Pvt Ltd
Brussels Laboratories operates one associated brand: Brussels Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying pharmaceutical products, including formulations and APIs, from India. | brusselslaboratories.com |
Employees and EPFO Compliance at Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd has a workforce of 49 employees as of Mar 31, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Brussels Laboratories Pvt Ltd
Brussels Laboratories Pvt Ltd has 16 board changes on record since 2010: 4 appointments and 12 cessations. The latest: Randhirkumar Madhavlal Chaudhari ceased to be Additional Director on 29 Sep 2024.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Brussels Laboratories Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Brussels Laboratories Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Brussels Laboratories Pvt Ltd
Brussels Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACB6302K1Z1 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Brussels Laboratories Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Brussels Laboratories Pvt Ltd
Brussels Laboratories is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 28 October 1993 (33+ years old) and is registered under CIN U24231GJ1993PTC020542.
Brussels Laboratories reported revenue of ₹42.73 Cr for FY 2025 (up 7% YoY).
Brussels Laboratories has 4 current directors:
- Rajesh Govind Mandavle - Director
- Randhirkumar Madhavlal Chaudhari - Director
- Ashokbhai Chelabhai Patel - Director
- Urmilkumar Ramchandra Soni - Director
Brussels Laboratories reported a net profit of ₹1.12 Cr (net margin 2.6%) and EBITDA of ₹3.01 Cr (EBITDA margin 7.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Brussels Laboratories is -2% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Brussels Laboratories is 24AAACB6302K1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Brussels Laboratories is U24231GJ1993PTC020542. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brussels Laboratories has 10 court cases on record: 2 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Brussels Laboratories was incorporated on 28 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Brussels Laboratories by revenue are Xieon Life Sciences Private Limited, Gujarat Medicraft Private Limited, Dheer Health Care Private Limited, Waterley Pharmaceuticals Private Limited, Legency Remedies Private Limited and 5 more, all in the Pharma industry (Formulations).
Randhirkumar Madhavlal Chaudhari ceased to be Additional Director on 29 Sep 2024. Randhirkumar Madhavlal Chaudhari was appointed as Director on 01 Mar 2024. Pravinbhai Ramsangbhai Chaudhari ceased to be Additional Director on 30 Sep 2017. Brussels Laboratories has 16 board changes on record in total.
Brussels Laboratories has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 218 overdue payments to 32 micro and small suppliers. The latest return was filed on 08 Jun 2019.