MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-06-0002278
Clarion Organics Limited - pharma in Bhandara, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹78.17 Cr
▲ 14% YoY
Net profit · FY 2024
₹3.79 Cr
Net margin 4.8%
EBITDA · FY 2024
₹7.14 Cr
EBITDA margin 9.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.22 Cr
Issued & subscribed
Open charges
₹14.39 Cr
Satisfied ₹8.88 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
237
Provident fund records
About Clarion Organics Limited
Data last updated:
Clarion Organics Limited is a public limited company based in Bhandara, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 22 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24139MH1993PLC071268. Its GSTIN is 27AAACC7335F1ZU (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.22 Cr. It was formerly known as Clarion Drugs Limited and Clarion Drugs Private Limited. It is led by directors including Vivek Rambilas Tiwari (Managing Director) and Atishkumar Barindranath Bera (Whole-Time Director).
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 Devaditumsar Road, Bhandara, Maharashtra, India – 441913.
As per the financials filed for FY 2024, the company reported a revenue of ₹78.17 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹3.79 Cr (net margin 4.8%) and EBITDA of ₹7.14 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 237 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Clariondrugs. As per MCA filings, the company has open charges of ₹14.39 Cr and satisfied charges of ₹8.88 Cr on record. Court records list 23 cases involving the company, including 5 filed by the company and 18 filed against it; 4 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in February 2024. Its 9 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 4 smaller; the largest is Biotavia Labs Private Limited with revenue of ₹83.55 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 micro and small suppliers.
Clarion Organics Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-06-0002278). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clariondrugs.com.
Company details
CIN U24139MH1993PLC071268
Registration Number 071268
Incorporation Date 22 March 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-06-0002278
Name history
Clarion Organics has undergone 2 name changes throughout its history. The company was previously known as Clarion Drugs Limited, and Clarion Drugs Private Limited. The current legal name is Clarion Organics Limited.
| Company Name | Status |
|---|---|
| Clarion Organics Limited | Current |
| Clarion Drugs Limited | Previous |
| Clarion Drugs Private Limited | Previous |
Key People
Vivek Rambilas Tiwari Managing Director Atishkumar Barindranath Bera Whole-Time Director Vipul Jayantilal Doshi Director Recognitions & Rankings of Clarion Organics
Contact details
Clarion Organics Limited's registered office is in Bhandara, Maharashtra. Its website is clariondrugs.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDevaditumsar Road, Bhandara, Maharashtra, India – 441913
- IndustryPharma, API Manufacturers
To see the full contact details of Clarion Organics Limited, buy the company report.
Comprehensive company report
Clarion Organics 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
Clarion Organics operates one associated brand: Clariondrugs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures pharmaceutical intermediates and fine chemicals for industries like pharmaceuticals. | clariondrugs.com |
Business activity
The main business activity of Clarion Organics 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 Clarion Organics Limited, buy the company report.
Financials of Clarion Organics Limited
FY 2024 filings availableClarion Organics Limited reported revenue of ₹78.17 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹78.17 Cr ▲ 14%
Net profit · FY 2024
₹3.79 Cr margin 4.8%
EBITDA · FY 2024
₹7.14 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 7%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▼ 19%
5 years · compounded
▼ 11%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 14% growth in the latest year. EBITDA rose 66% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.79 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 | 9.1% | ||||
| Net Profit Margin | 4.8% | ||||
| 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 Clarion Organics Limited, buy the company report.
Board of directors of Clarion Organics Limited
Clarion Organics has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Jayantilal Doshi | Director | 03 Jun 2019 | 7 Years 5 Months | Current |
| Mangesh Narayan Rajadhyaksha | Director | 03 Jun 2019 | 7 Years 5 Months | Current |
| Vivek Rambilas Tiwari Also directs: Saket Biotech Private Limited | Managing Director | 30 Sep 2010 | 16 Years 1 Months | Current |
| Divya Ajay Patel Also directs: Saket Biotech Private Limited | Director | 26 Apr 1993 | 33 Years 6 Months | Current |
| Atishkumar Barindranath Bera | Whole-Time Director | 05 Aug 2024 | 2 Years 3 Months | Current |
Peer comparison
Clarion Organics Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Biotavia Labs Private Limited | ₹83.55 Cr (FY 2025) | -56.0% | Delhi, India | |||
| SNJ Labs Private Limited | ₹83.01 Cr (FY 2025) | 28.0% | Rajkot, Gujarat, India | |||
| Adeep Life Sciences Private Limited | ₹82.67 Cr (FY 2024) | 87.0% | Hyderabad, Telangana, India | |||
| Abhilash Chemicals and Pharmaceuticals Private Limited | ₹82.45 Cr (FY 2025) | -16.0% | Madurai, Tamil Nadu, India | |||
| Bioxera Pharma Private Limited | ₹79.2 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Clarion Organics Limitedthis company | ₹78.17 Cr (FY 2024) | ₹3.79 Cr | 4.8% | 14.0% | 237 | Bhandara, Maharashtra, India |
| Pratap Organics Private Limited | ₹78.04 Cr (FY 2024) | 0.0% | Navi Mumbai, Maharashtra, India | |||
| Asence Pharma Private Limited | ₹77.56 Cr (FY 2025) | 19.0% | Vadodara, Gujarat, India | |||
| J P N Pharma Private Limited | ₹77.5 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Vimal Drugs Private Limited | ₹76.99 Cr (FY 2025) | 55.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Clarion Organics Limited, buy the company report.
Auditor
Clarion Organics Limited is audited by M A M P & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A M P & CO. | FY 2023 | 157878W |
Shareholding
The shareholding of Clarion Organics 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 Clarion Organics Limited, buy the company report.
Charges & borrowings
Open charges
₹14.39 Cr
Satisfied charges
₹8.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2021 | 100494762 | The South Indian Bank Limited | ₹10.8 Lakh | Open | |
| 26 Mar 2019 | 100257874 | Others | ₹34.33 Lakh | Open | |
| 25 May 2017 | 100115195 | The South Indian Bank Limited | ₹13.94 Cr | Open | |
| 19 Mar 2012 | 10348009 | Idbi Bank Ltd | ₹35 Lakh | Satisfied | |
| 29 Mar 2010 | 10220479 | Idbi Bank Limited | ₹8.53 Cr | Satisfied |
To see the full charge records of Clarion Organics Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Clarion Organics Limited has 6 deals on record (6 secondary share transfers); the latest was in February 2024.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Saket Biotech Private Limited , an individual Seller: 4 individuals |
To see the full deal history of Clarion Organics 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
Clarion Organics Limited has 23 court cases on record: 5 filed by Clarion Organics, 18 filed against it. 4 cases are pending and 19 are disposed.
Total cases
23
Filed by the company
5
Filed against the company
18
Pending
4
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 12 | 4 |
| High courts | 7 | 6 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Heptachem and Pharma India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Goodway Chemicals Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Perfo Chem (India) Private Limited | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Ms Hindustan Max GB Ltd. | Disposed |
| Bombay High Court | Court case (CAL) | Filed against the company by Niket Udyog Ltd. | Disposed |
To see the full case history of Clarion Organics 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
Clarion Organics Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vashi Integrated Solutions Limited | |||
| Dhruv Chem Industries |
To see the full MSME payment records of Clarion Organics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Clarion Organics Limited has a workforce of 237 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
237
Active EPFO establishments
1
Employee growth
-3.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 237 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Clarion Organics Limited, buy the company report.
GST
Clarion Organics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC7335F1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Clarion Organics Limited, buy the company report.
Recent activity
Clarion Organics Limited has 13 board changes on record since 1993: 5 appointments and 8 cessations. The latest: Atishkumar Barindranath Bera ceased to be Director on 29 Aug 2024.
AGM
Clarion Organics Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Atishkumar Barindranath Bera ceased to be Director.
Appointed
Atishkumar Barindranath Bera was appointed as Whole-Time Director.
Filing
Clarion Organics Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Rambilas Keshao Tiwari ceased to be Managing Director.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100494762 was registered on 16 Jul 2021.
Charges
A charge with The South Indian Bank Limited of Rs. 13.94 Cr registered on 25 May 2017 with Charge ID 100115195 was modified on 04 Mar 2020.
Appointed
Mangesh Narayan Rajadhyaksha was appointed as Director.
Appointed
Vipul Jayantilal Doshi was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.34 Cr with Charge ID 100257874 was registered on 26 Mar 2019.
Charges
A charge registered on 19 Mar 2012 via Charge ID 10348009 with Idbi Bank Ltd was fully satisfied on 12 Jun 2017.
Charges
A charge registered on 29 Mar 2010 via Charge ID 10220479 with Idbi Bank Limited was fully satisfied on 12 Jun 2017.
19 earlier events are in the company report.
Frequently asked questions
Clarion Organics is an active public limited company based in Bhandara, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 22 March 1993 (33+ years old) and is registered under CIN U24139MH1993PLC071268.
Clarion Organics has 5 current directors:
- Vivek Rambilas Tiwari - Managing Director
- Atishkumar Barindranath Bera - Whole-Time Director
- Vipul Jayantilal Doshi - Director
- Mangesh Narayan Rajadhyaksha - Director
- Divya Ajay Patel - Director
The latest financial statements of Clarion Organics 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 Clarion Organics is 27AAACC7335F1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clarion Organics is U24139MH1993PLC071268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clarion Organics has 23 court cases on record: 5 filed by the company and 18 filed against it. 4 are pending. Most are in the district courts.
Clarion Organics was incorporated on 22 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Clarion Organics has 6 deals on record (6 secondary share transfers); the latest was in February 2024.
The peers of Clarion Organics by revenue are Biotavia Labs Private Limited, SNJ Labs Private Limited, Adeep Life Sciences Private Limited, Abhilash Chemicals and Pharmaceuticals Private Limited, Bioxera Pharma Private Limited and 4 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Atishkumar Barindranath Bera ceased to be Director on 29 Aug 2024. Atishkumar Barindranath Bera was appointed as Whole-Time Director on 05 Aug 2024. Rambilas Keshao Tiwari ceased to be Managing Director on 10 Dec 2022. Clarion Organics has 13 board changes on record in total.
Yes, Clarion Organics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-06-0002278).
Clarion Organics has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 12 Dec 2019.
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