About Dharoya Pharmaciuticales Pvt Ltd
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Dharoya Pharmaciuticales Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 25 November 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1988PTC011555. Its GSTIN is 24AAACD6884C1ZT (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors Kishan Gordhanbhai Rupapara and Bhavnaben Gordhanbhai Rupapara.
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 C – 1/42/B GIDC Estatenandesari, Vadodara, Gujarat, India – 390001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.93 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹13.87 Lakh (net margin 2%) and EBITDA of ₹52.61 Lakh (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 47% over five years.
The company is associated with 1 brand: Dharoya Pharmaceuticals. As per MCA filings, the company has open charges of ₹2.24 Cr and satisfied charges of ₹4.25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dharoyapharma.com.
Company details
Contact details
Dharoya Pharmaciuticales Pvt Ltd's registered office is in Vadodara, Gujarat. Its website is dharoyapharma.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 1/42/B GIDC Estatenandesari, Vadodara, Gujarat, India – 390001
- IndustryPharma, API Manufacturers
To see the full contact details of Dharoya Pharmaciuticales Pvt Ltd, 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
Dharoya Pharmaciuticales operates one associated brand: Dharoya Pharmaceuticals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality API intermediates, specializing in anti-epileptic and anti-depressant products. | dharoyapharma.com |
Business activity
The main business activity of Dharoya Pharmaciuticales 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 Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Financials of Dharoya Pharmaciuticales Pvt Ltd
FY 2025 filings availableDharoya Pharmaciuticales Pvt Ltd reported revenue of ₹6.93 Cr (down 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 47%. EBITDA fell 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹52.61 Lakh | ||||
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| Net Profit (PAT) | ₹13.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | 2% | ||||
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To see the full financial statements and ratios of Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Board of directors of Dharoya Pharmaciuticales Pvt Ltd
Dharoya Pharmaciuticales has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishan Gordhanbhai Rupapara Also directs: Trinaya Lifesciences Private Limited | Director | 01 Aug 2017 | 9 Years 3 Months | Current |
| Bhavnaben Gordhanbhai Rupapara Also directs: Trinaya Lifesciences Private Limited | Director | 01 Aug 2017 | 9 Years 3 Months | Current |
Peer comparison
Dharoya Pharmaciuticales Pvt Ltd is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Zen Distillation Technologies Private Limited | ₹7.42 Cr (FY 2025) | 49.0% | Hyderabad, Telangana, India | |||
| Symphony Pharma Lifesciences Private Limited | ₹7.2 Cr (FY 2025) | 19.0% | Kolthur Village, Telangana, India | |||
| Bileshwar Pharmaceuticals Private Limited | ₹7.16 Cr (FY 2025) | -34.0% | Jhagadia, Gujarat, India | |||
| Dharoya Pharmaciuticales Pvt Ltdthis company | ₹6.93 Cr (FY 2025) | ₹13.87 Lakh | 2% | -29.0% | Vadodara, Gujarat, India | |
| Vindhya Pharma (India) Private Limited | ₹6.89 Cr (FY 2025) | -50.0% | Hyderabad, Telangana, India | |||
| Anant Pharmaceuticals Private Limited | ₹6.76 Cr (FY 2025) | 7.0% | Ambernath East, Maharashtra, India | |||
| HTS Biopharma Private Limited | ₹6.71 Cr (FY 2024) | 7.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Auditor
Dharoya Pharmaciuticales Pvt Ltd is audited by NIMIT PATEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIMIT PATEL & CO | FY 2023 | 135631W |
Shareholding
The shareholding of Dharoya Pharmaciuticales Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2023 | 100799733 | Others | ₹15 Lakh | Open | |
| 17 Mar 2021 | 100426686 | Others | ₹2.09 Cr | Open | |
| 02 Feb 1994 | 80043222 | Bank of Baroda | ₹1.75 Lakh | Satisfied | |
| 20 Sep 1989 | 80043221 | Bank of Baroda | ₹2.5 Lakh | Satisfied |
To see the full charge records of Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Dharoya Pharmaciuticales Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dharoya Pharmaciuticales Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dharoya Pharmaciuticales has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD6884C1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dharoya Pharmaciuticales Pvt Ltd, buy the company report.
Recent activity
Dharoya Pharmaciuticales Pvt Ltd has 8 board changes on record since 2017: 2 appointments and 6 cessations. The latest: Bhavnaben Gordhanbhai Rupapara ceased to be Additional Director on 30 Sep 2017.
6 earlier events are in the company report.
Frequently asked questions
Dharoya Pharmaciuticales is an active private limited company based in Vadodara, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 25 November 1988 (38+ years old) and is registered under CIN U24231GJ1988PTC011555.
Dharoya Pharmaciuticales has 2 current directors:
- Kishan Gordhanbhai Rupapara - Director
- Bhavnaben Gordhanbhai Rupapara - Director
The latest financial statements of Dharoya Pharmaciuticales on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dharoya Pharmaciuticales is 24AAACD6884C1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Dharoya Pharmaciuticales is U24231GJ1988PTC011555. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharoya Pharmaciuticales was incorporated on 25 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dharoya Pharmaciuticales by revenue are Zen Distillation Technologies Private Limited, Symphony Pharma Lifesciences Private Limited, Bileshwar Pharmaceuticals Private Limited, Vindhya Pharma (India) Private Limited, Anant Pharmaceuticals Private Limited and 1 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bhavnaben Gordhanbhai Rupapara ceased to be Additional Director on 30 Sep 2017. Kishan Gordhanbhai Rupapara ceased to be Additional Director on 30 Sep 2017. Ashwinbhai Ravjibhai Patel ceased to be Whole-Time Director on 28 Aug 2017. Dharoya Pharmaciuticales has 8 board changes on record in total.
Dharoya Pharmaciuticales can be reached through the website dharoyapharma.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Dharoya Pharmaciuticales is at C – 142B GIDC Estatenandesari, Vadodara, Gujarat, India – 390001.
Dharoya Pharmaciuticales operates in the pharma industry, in the api manufacturers segment.
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