MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0004647
Divine Laboratories Pvt. Ltd. - pharma in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹40.5 Cr
▲ 13% YoY
Net profit · FY 2025
₹3.74 Cr
Net margin 9.2%
EBITDA · FY 2025
₹7.19 Cr
EBITDA margin 17.8%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹12.01 Cr
Satisfied ₹18.89 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
124
Provident fund records
About Divine Laboratories Pvt. Ltd.
Data last updated:
Divine Laboratories Pvt. Ltd. is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Flagship Biotech International Private Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 08 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U99999GJ1994PTC021765.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Parag Suresh Shah (Managing Director) and Shailesh Dilipbhai Patel.
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 B – 24 Sahajanand Industrial Estate Mujmahuda, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.5 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.74 Cr (net margin 9.2%) and EBITDA of ₹7.19 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 25% over five years.
The company has about 124 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.01 Cr and satisfied charges of ₹18.89 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 2 cases are pending.
Divine Laboratories Pvt. Ltd. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004647). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website divinelaboratories.in.
Company details
CIN U99999GJ1994PTC021765
Registration Number 021765
Incorporation Date 08 April 1994
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Flagship Biotech International Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0004647
Key People
Parag Suresh Shah Managing Director Shailesh Dilipbhai Patel Director Kedar Avinash Vidhwans Director Recognitions & Rankings of Divine Laboratories
Contact details
Divine Laboratories Pvt. Ltd.'s registered office is in Vadodara, Gujarat. Its website is divinelaboratories.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 24 Sahajanand Industrial Estate Mujmahuda, Vadodara, Gujarat, India – 390020
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Divine Laboratories Pvt. Ltd., buy the company report.
Comprehensive company report
Divine Laboratories Pvt. Ltd. - 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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Business activity
The main business activity of Divine Laboratories 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 Divine Laboratories Pvt. Ltd., buy the company report.
Financials of Divine Laboratories Pvt. Ltd.
FY 2024 filings availableDivine Laboratories Pvt. Ltd. reported revenue of ₹40.5 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹40.5 Cr ▲ 13%
Net profit · FY 2025
₹3.74 Cr margin 9.2%
EBITDA · FY 2025
₹7.19 Cr margin 17.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 2%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 12%
5 years · compounded
▲ 42%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 13% growth in the latest year. EBITDA rose 36% 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 |
|---|---|---|---|---|---|
| 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 | ₹7.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.74 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | 9.2% | ||||
| 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 Divine Laboratories Pvt. Ltd., buy the company report.
Board of directors of Divine Laboratories Pvt. Ltd.
Divine Laboratories has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Dilipbhai Patel | Director | 01 Jun 2016 | 10 Years 4 Months | Current |
| Kedar Avinash Vidhwans Also directs: Blue Paradigm Pharmaceuticals LLP, Flagship Ingrevia Private Limited, Brigid Wellness Private Limited and 3 more | Director | 01 Jun 2016 | 10 Years 4 Months | Current |
| Parag Suresh Shah | Managing Director | 08 Apr 1994 | 32 Years 6 Months | Current |
Peer comparison
Divine Laboratories Pvt. Ltd. is compared with the 6 companies closest to it by revenue in the Pharma industry (Formulations), 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 |
|---|---|---|---|---|---|---|
| Sunrise Remedies Private Limited | ₹40.84 Cr (FY 2024) | 3.0% | Ahmedabad, Gujarat, India | |||
| Mefro Organic Limited | ₹40.54 Cr (FY 2025) | -8.0% | Mohali, Punjab, India | |||
| Divine Laboratories Pvt. Ltd.this company | ₹40.5 Cr (FY 2025) | ₹3.74 Cr | 9.2% | 13.0% | 124 | Vadodara, Gujarat, India |
| Viridis Biopharma Private Limited | ₹40.48 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Shree Anand Life Sciences Limited | ₹40.42 Cr (FY 2023) | -2.0% | Belgaum, Karnataka, India | |||
| Alas Pharmaceuticals Private Limited | ₹40.4 Cr (FY 2021) | Pune, Maharashtra, India | ||||
| Yacca Pharmaceuticals Private Limited | ₹40.38 Cr (FY 2024) | 6.0% | Uttar Pradesh, India |
To see the full peer comparison of Divine Laboratories Pvt. Ltd., buy the company report.
Auditor
Divine Laboratories Pvt. Ltd. is audited by PARIKH SHAH CHOTALIA AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARIKH SHAH CHOTALIA AND ASSOCIATES | FY 2024 | 118493W |
Shareholding
The shareholding of Divine Laboratories Pvt. Ltd. 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 Divine Laboratories Pvt. Ltd., buy the company report.
Charges & borrowings
Open charges
₹12.01 Cr
Satisfied charges
₹18.89 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2019 | 100282992 | Axis Bank Limited | ₹17.25 Lakh | Open | |
| 25 Mar 2019 | 100275136 | Axis Bank Limited | ₹11.84 Cr | Open | |
| 27 Aug 2020 | 100366550 | Axis Bank Limited | ₹90 Lakh | Satisfied | |
| 27 Jun 2019 | 100276710 | Axis Bank Limited | ₹3.49 Cr | Satisfied | |
| 17 Oct 2016 | 100055542 | Others | ₹3 Cr | Satisfied |
To see the full charge records of Divine Laboratories Pvt. Ltd., buy the company report.
Total charge records: 10 View all charges
Legal cases
Divine Laboratories Pvt. Ltd. has 8 court cases on record: 6 filed by Divine Laboratories, 2 filed against it. 2 cases are pending and 6 are disposed.
Total cases
8
Filed by the company
6
Filed against the company
2
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 3 | 2 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Gauhati High Court | Writ petition | Filed by the company against Assam Medical Services Corporation Limited and 1 other | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Union of India Central Drugs Standard Control Organization | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against State of Chhattisgarh | Disposed |
| High Court, CHHATTISGARH | Writ petition | Filed by the company against State of Chhattisgarh and 1 other | Disposed |
To see the full case history of Divine Laboratories Pvt. Ltd., 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
Divine Laboratories Pvt. Ltd. has 7 MSME Form 1 returns on record between 2019 and 2024, listing 1,815 overdue payments to 158 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 158)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Chemfine Enterprises | |||
| Yatharth Lifecare LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Divine Laboratories Pvt. Ltd., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Divine Laboratories Pvt. Ltd. has a workforce of 124 employees on its EPFO records as of Mar 24, 2025, across 1 active EPFO establishment.
Employee count
124
Active EPFO establishments
1
Employee growth
-12.06%
GST
No GST registration is on our record for Divine Laboratories Pvt. Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Divine Laboratories Pvt. Ltd. has 9 board changes on record since 1994: 3 appointments and 6 cessations. The latest: Jesuwin Agnal Kalampukattuserry Cherian ceased to be Director on 16 Jul 2021.
Charges
A charge registered on 27 Jun 2019 via Charge ID 100276710 with Axis Bank Limited was fully satisfied on 06 Nov 2025.
Charges
A charge registered on 27 Aug 2020 via Charge ID 100366550 with Axis Bank Limited was fully satisfied on 06 Oct 2025.
Charges
A charge with Axis Bank Limited of Rs. 1,184.00 Lakh registered on 25 Mar 2019 with Charge ID 100275136 was modified on 25 Aug 2025.
AGM
Divine Laboratories Pvt. Ltd. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Divine Laboratories Pvt. Ltd. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Jesuwin Agnal Kalampukattuserry Cherian ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100366550 was registered on 27 Aug 2020.
Charges
A charge with Axis Bank Limited of Rs. 349.00 Lakh registered on 27 Jun 2019 with Charge ID 100276710 was modified on 31 Aug 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 17.25 Lakh with Charge ID 100282992 was registered on 03 Aug 2019.
Charges
A charge with Axis Bank Limited amounted to Rs. 349.00 Lakh with Charge ID 100276710 was registered on 27 Jun 2019.
Ceased
Zaveri Bhogilal Patel ceased to be Director.
Charges
A charge registered on 17 Oct 2016 via Charge ID 100055542 with Others was fully satisfied on 01 May 2019.
22 earlier events are in the company report.
Frequently asked questions
Divine Laboratories is an active private limited company based in Vadodara, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 08 April 1994 (32+ years old) and is registered under CIN U99999GJ1994PTC021765.
Divine Laboratories has 3 current directors:
- Parag Suresh Shah - Managing Director
- Shailesh Dilipbhai Patel - Director
- Kedar Avinash Vidhwans - Director
The latest financial statements of Divine Laboratories 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 CIN (Corporate Identification Number) of Divine Laboratories is U99999GJ1994PTC021765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Divine Laboratories has 8 court cases on record: 6 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Divine Laboratories was incorporated on 08 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Divine Laboratories by revenue are Sunrise Remedies Private Limited, Mefro Organic Limited, Viridis Biopharma Private Limited, Shree Anand Life Sciences Limited, Alas Pharmaceuticals Private Limited and 1 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jesuwin Agnal Kalampukattuserry Cherian ceased to be Director on 16 Jul 2021. Zaveri Bhogilal Patel ceased to be Director on 31 May 2019. Rupali Parag Shah ceased to be Director on 31 Mar 2018. Divine Laboratories has 9 board changes on record in total.
Yes, Divine Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0004647).
Divine Laboratories has 7 MSME Form 1 returns on record between 2019 and 2024, listing 1,815 overdue payments to 158 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Divine Laboratories can be reached through the website divinelaboratories.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of Divine Laboratories is at B – 24 Sahajanand Industrial Estate Mujmahuda, Vadodara, Gujarat, India – 390020.
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