About Covidshield Technologies Private Limited
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Covidshield Technologies Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Serum Institute Life Sciences Private Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 25 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24100PN2019PTC188668. Its GSTIN is 27AANCM1888N1ZK (Maharashtra).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It was formerly known as Manjri Technologies Private Limited. It is led by directors including Tushar Vijay Modak and Vijay Chandrakant Bharate.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No.401 4th Floor Sarosh Bhavan 16 – B/1 Dr. Ambedkar Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.12 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹23.33 Lakh (net margin 49.5%) and EBITDA of ₹31.62 Lakh (EBITDA margin 67.1%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years.
The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.49 Cr; the latest was in September 2021.
For more details, the company can be reached via its website seruminstitute.com.
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- Registered AddressOffice No.401 4th Floor Sarosh Bhavan 16 – B/1 Dr. Ambedkar Road, Pune, Maharashtra, India – 411001
- 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
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Financials of Covidshield Technologies Private Limited FY 2025 filings available
Covidshield Technologies Private Limited reported revenue of ₹47.12 Lakh (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Covidshield Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 41% over three years, including 14% growth in the latest year. EBITDA rose 24% 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 Covidshield Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹31.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.33 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Covidshield Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 67.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 49.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Covidshield Technologies are in the company report.
Financial statements from FY 2020
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.
Auditor Details of Covidshield Technologies Private Limited
Covidshield Technologies Private Limited is audited by PATKI AND SOMAN for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATKI AND SOMAN | 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 Covidshield Technologies Private Limited
Covidshield Technologies has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Vijay Modak Also directs: Poonawalla Finance Private Limited, Heritron Trusteeship Services Private Limited, Rising Sun Capital Private Limited and 5 more | Director | 25 Dec 2019 | 6 Years 9 Months | Current |
| Vijay Chandrakant Bharate Also directs: Poonawalla Estates Stud and Agri Farm Privae Limited, Vastutech Properties LLP, Curohealth Bio-Pharma LLP and 5 more | Director | 05 Oct 2024 | 2 Years 0 Months | Current |
| Narendra Gajanan Wadadekar Also directs: Rising Sun Holdings Pvt Ltd, Vastutech Properties LLP, Curohealth Bio-Pharma LLP and 5 more | Director | 05 Oct 2024 | 2 Years 0 Months | Current |
| Adar Cyrus Poonawalla | Director | 28 Apr 2021 | 5 Years 5 Months | Current |
Ownership and Shareholding of Covidshield Technologies Private Limited
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 Covidshield Technologies Private Limited
Covidshield Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Covidshield Technologies Private Limited
Covidshield Technologies Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.49 Cr; the latest was in September 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round | ₹7.49 Cr | Investors: Serum Institute Life Sciences Private Limited |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Serum Institute Life Sciences Private Limited , Serum Institute Life Sciences Private Limited & Saurabh Lakshman Prabhudesai Seller: Poonawala Family Office, an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Poonawala Family Office, an individual Seller: 2 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Covidshield Technologies Private Limited
Employment history and EPFO contributions of people linked to Covidshield Technologies.
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.
CIN History of Covidshield Technologies Private Limited
Covidshield Technologies has one previous CIN (Corporate Identification Number): U72900PN2019PTC188668. The current CIN is U24100PN2019PTC188668, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100PN2019PTC188668 | Current |
| U72900PN2019PTC188668 | Previous |
Recent Activity on Covidshield Technologies Private Limited
Covidshield Technologies Private Limited has 8 board changes on record since 2019: 4 appointments and 4 cessations. The latest: Narendra Gajanan Wadadekar ceased to be Additional Director on 28 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Covidshield Technologies Private Limited
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.
MSME Payment Delays by Covidshield Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Covidshield Technologies Private Limited
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 Covidshield Technologies Private Limited
Covidshield Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCM1888N1ZK | Maharashtra | Active | 25 Dec 2021 |
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 Covidshield Technologies Private Limited
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 Covidshield Technologies Private Limited
Covidshield Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 25 December 2019 (7+ years old) and is registered under CIN U24100PN2019PTC188668.
Covidshield Technologies reported revenue of ₹47.12 Lakh for FY 2025 (up 14% YoY).
Covidshield Technologies has 4 current directors:
- Tushar Vijay Modak - Director
- Vijay Chandrakant Bharate - Director
- Narendra Gajanan Wadadekar - Director
- Adar Cyrus Poonawalla - Director
Covidshield Technologies reported a net profit of ₹23.33 Lakh (net margin 49.5%) and EBITDA of ₹31.62 Lakh (EBITDA margin 67.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Covidshield Technologies is 41% over three years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Covidshield Technologies is 27AANCM1888N1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Covidshield Technologies is U24100PN2019PTC188668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covidshield Technologies was incorporated on 25 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Covidshield Technologies has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹7.49 Cr; the latest was in September 2021.
Narendra Gajanan Wadadekar ceased to be Additional Director on 28 Sep 2025. Vijay Chandrakant Bharate ceased to be Additional Director on 28 Sep 2025. Narendra Gajanan Wadadekar was appointed as Director on 05 Oct 2024. Covidshield Technologies has 8 board changes on record in total.