MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0113566
Duta Formulations Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹91.76 Lakh
▲ 38% YoY
Net loss · FY 2023
₹14.83 Lakh
Net margin -16.2%
EBITDA · FY 2023
-₹3.93 Lakh
EBITDA margin -4.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹80.07 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Secured borrowings
Company age
14 yrs
Est. 2012
Directors on board
4
As per MCA filings
About Duta Formulations Private Limited
Data last updated:
Duta Formulations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online healthcare product retail segment of the e-commerce sector. It was incorporated on 19 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24232KA2012PTC066372. Its GSTIN is 32AAECD5487H1ZL (Kerala).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80.07 Lakh. It is led by directors including Mohammed Ashraf Kormath (Managing Director) and Midlaj.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Level 14 & 15 Concorde Towers Ub City 1 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2023, the company reported a revenue of ₹91.76 Lakh, a growth of 38% compared to the previous year. For the same year it recorded a net loss of ₹14.83 Lakh (net margin -16.2%) and EBITDA of -₹3.93 Lakh (EBITDA margin -4.3%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Duta Formulations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0113566). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dutaformulations.com.
Company details
CIN U24232KA2012PTC066372
Registration Number 066372
Incorporation Date 19 October 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0113566
Key People
Mohammed Ashraf Kormath Managing Director Midlaj Director Abdussalam Panthalancheri Director Recognitions & Rankings of Duta Formulations
Contact details
Duta Formulations Private Limited's registered office is in Bangalore, Karnataka. Its website is dutaformulations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLevel 14 & 15 Concorde Towers Ub City 1 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
- IndustryE-Commerce, Online Healthcare Product Retail
To see the full contact details of Duta Formulations Private Limited, buy the company report.
Comprehensive company report
Duta Formulations Private 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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Secure checkout · GST invoice included
Business activity
The main business activity of Duta Formulations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Duta Formulations Private Limited, buy the company report.
Financials of Duta Formulations Private Limited
FY 2023 filings availableDuta Formulations Private Limited reported revenue of ₹91.76 Lakh (up 38% YoY) for FY 2023.
Revenue · FY 2023
₹91.76 Lakh ▲ 38%
Net loss · FY 2023
₹14.83 Lakh margin -16.2%
EBITDA · FY 2023
-₹3.93 Lakh margin -4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▼ 19%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▲ 90%
3 years · compounded
▼ 28%
5 years · compounded
▼ 16%
Revenue rose 38% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 90% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹3.93 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.83 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.3% | ||||
| Net Profit Margin | -16.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Duta Formulations Private Limited, buy the company report.
Board of directors of Duta Formulations Private Limited
Duta Formulations has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Midlaj | Director | 24 Sep 2019 | 7 Years 1 Months | Current |
| Abdussalam Panthalancheri | Director | 24 Sep 2019 | 7 Years 1 Months | Current |
| Mohammed Ashraf Kormath | Managing Director | 19 Oct 2012 | 14 Years 0 Months | Current |
| Muhammed Saifullah Kormath Also directs: Incia Properties LLP, Appein Formulations Private Limited | Director | 19 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Duta Formulations Private Limited is audited by P A HAMEED & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P A HAMEED & ASSOCIATES | FY 2020 | 005527S |
Shareholding
The shareholding of Duta Formulations Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Duta Formulations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2016 | 100051268 | Others | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Duta Formulations Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kozhikode, Kerala | Criminal miscellaneous application | Filed against the company by HDFC Bank Ltd Rep by Power of Attorney Holder Sabarinath S B | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Theon Pharmaceuticals Ltd | Pending |
| District court, Malappuram, Kerala | Court case (MC) | Filed against the company by HDFC Bank Limited(Cmp.714/2 | Disposed |
To see the full case history of Duta Formulations Private 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
No delayed payments to MSME suppliers are on our record for Duta Formulations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Duta Formulations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECD5487H1ZL | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Duta Formulations Private Limited, buy the company report.
Recent activity
Duta Formulations Private Limited has 8 board changes on record since 2012: 4 appointments and 4 cessations. The latest: Ibrahim Asadullah Kormath ceased to be Director on 17 Jul 2024.
Ceased
Ibrahim Asadullah Kormath ceased to be Director.
AGM
Duta Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Duta Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Naushad Abdulla ceased to be Director.
Ceased
Abdussalam Panthalancheri ceased to be Additional Director.
Ceased
Midlaj ceased to be Additional Director.
Appointed
Abdussalam Panthalancheri was appointed as Director.
Appointed
Midlaj was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100051268 was registered on 19 Jul 2016.
Appointed
Mohammed Ashraf Kormath was appointed as Managing Director.
Appointed
Muhammed Saifullah Kormath was appointed as Director.
Incorporation
19 Oct 2012
Duta Formulations Private Limited was registered on 19 Oct 2012 with Roc Bangalore & aged 14 years 7 days as per MCA records.
Frequently asked questions
Duta Formulations is an active private limited company based in Bangalore, Karnataka, India. The company works in online healthcare product retail, within the e-commerce industry. It was incorporated on 19 October 2012 (14+ years old) and is registered under CIN U24232KA2012PTC066372.
Duta Formulations has 4 current directors:
- Mohammed Ashraf Kormath - Managing Director
- Midlaj - Director
- Abdussalam Panthalancheri - Director
- Muhammed Saifullah Kormath - Director
The latest financial statements of Duta Formulations on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Duta Formulations is 32AAECD5487H1ZL, registered in Kerala.
The CIN (Corporate Identification Number) of Duta Formulations is U24232KA2012PTC066372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Duta Formulations has 3 court cases on record: 3 filed against it. 2 are pending.
Duta Formulations was incorporated on 19 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Ibrahim Asadullah Kormath ceased to be Director on 17 Jul 2024. Naushad Abdulla ceased to be Director on 22 Nov 2022. Abdussalam Panthalancheri ceased to be Additional Director on 31 Dec 2020. Duta Formulations has 8 board changes on record in total.
Yes, Duta Formulations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0113566).
Duta Formulations can be reached through the website dutaformulations.com. Its registered office is in Bangalore, Karnataka, India.