Ethicare Pharmaceuticals Private Limited - Company Profile

It is a pharma private limited company based in Baroda, Gujarat, India, established in 1993.
1993 Baroda, Gujarat, India Active
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About Ethicare Pharmaceuticals Private Limited

Ethicare Pharmaceuticals Private Limited, a active private limited company, was established on 03 May 1993 in Baroda, Gujarat, India. Engaging in drug formulation & development within the manufacturing sector, it holds CIN: U24231GJ1993PTC019386. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹1.89 M.

It upholds a compliant status. Its leadership includes Shivam Patel (Director), Ashish Bhimrao Bane (Director), Alkeshbhai Maheshbhai Mandaliya (Director). Past directors included Vora Nareshbhai Gulabchand, Mahendra Vora, Rajnikant Keshavkant Dadhich. It holds no open charges and ₹61.43 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 307, Gidc, Vil-Por, Ramangamdi, Baroda, Gujarat, 391243.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24231GJ1993PTC019386

  • Registration Number

    019386

  • Incorporation Date

    03 May 1993

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹1.89 M

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.89 M
  • Company Age 32 Year, 10 Months
  • Last Filing with ROC 31 Mar 2025
  • Satisfied Charges ₹ 61.43 Cr
  • Revenue Growth **** 2.07%
  • Profit Growth **** 43.71%
  • Ebitda **** -13.21%
  • Net Worth 2.71%
  • Total Assets -29.68%
Company report

Ethicare Pharmaceuticals Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Ethicare Pharmaceuticals Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ethicare Pharmaceuticals Private Limited?
Current Directors
Name Designation Appointment Date Status
Shivam Patel Director 04 Feb 2023 Current
Ashish Bhimrao Bane Director 12 Dec 2024 Current
Alkeshbhai Maheshbhai Mandaliya Director 12 Dec 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 02 Jan 2018 Past
Pramod Abcsdd Director 12 Apr 2017 Past
Pramod Abcsdd Additional Director 30 Sep 2017 Past
Pramod Abcsdd Director 12 Apr 2017 Past
Pramod Abcsdd Director 12 Apr 2017 Past
Pramod Abcsdd Director 12 Apr 2017 Past

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Financial Performance of Ethicare Pharmaceuticals.

Ethicare Pharmaceuticals Private Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 2.07% increase. The company also saw a substantial improvement in profitability, with a 43.71% increase in profit. The company's net worth moved up by a moderate rise of 2.71%.

Ethicare Pharmaceuticals revenue growth over time
Ethicare Pharmaceuticals profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 2.07%
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*******
*******
Revenue from Operations
*******
 2.21%
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*******
*******
*******
Total Assets
*******
 -29.68%
*******
*******
*******
*******
Profit or Loss
*******
 43.71%
*******
*******
*******
*******
Net Worth
*******
 2.71%
*******
*******
*******
*******
EBITDA
*******
 -13.21%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Ethicare Pharmaceuticals?

In 2024, Ethicare Pharmaceuticals had a public holding of 95.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹614,276,000.00

Charges Breakdown by Lending Institutions
  • Gujarat State Financial Corlporation : 43.30 Cr
  • The South Indian Bank Limited : 12.28 Cr
  • Others : 5.75 Cr
  • Bank Of Baroda : 0.10 Cr
Latest Charge Details
Date Lender Amount Status
08 Feb 2019 The South Indian Bank Limited ₹5.98 Cr Satisfied
14 Dec 2018 The South Indian Bank Limited ₹6.30 Cr Satisfied
31 Jul 2017 Others ₹1.25 Cr Satisfied
17 Oct 2016 Others ₹4.50 Cr Satisfied
09 Aug 1997 Bank Of Baroda ₹1.00 M Satisfied

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How Many Employees Work at Ethicare Pharmaceuticals?

Unlock and access historical data on people associated with Ethicare Pharmaceuticals, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ethicare Pharmaceuticals, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ethicare Pharmaceuticals's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ethicare Pharmaceuticals
Recent Activity within the Organization
  • Annual General Meeting

    Ethicare Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Ethicare Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.

  • Director Appointment

    Progress on Ashish Bhimrao Bane was appointed as a Director was appointed as a Director on 12 Dec 2024 & has been associated with this company since 1 year 3 months . was documented.

  • Director Appointment

    Progress on Alkeshbhai Maheshbhai Mandaliya was appointed as a Director was appointed as a Director on 12 Dec 2024 & has been associated with this company since 1 year 3 months . was documented.

  • Charges

    A charge registered on 08 Feb 2019 via Charge ID 100247764 with The South Indian Bank Limited was fully satisfied on 10 May 2024. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 14 Dec 2018 via Charge ID 100241324 with The South Indian Bank Limited was fully satisfied on 10 May 2024. was documented.

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Frequently Asked Questions
What is the CIN of Ethicare Pharmaceuticals Private Limited?

The CIN of Ethicare Pharmaceuticals Private Limited is U24231GJ1993PTC019386.

Where is Ethicare Pharmaceuticals Private Limited headquartered?

Ethicare Pharmaceuticals Private Limited is headquartered at 307, Gidc, Vil-Por, Ramangamdi, Baroda, Gujarat, 391243.

When was Ethicare Pharmaceuticals Private Limited incorporated?

Ethicare Pharmaceuticals Private Limited was incorporated on 03 May 1993.

Who are the current directors of Ethicare Pharmaceuticals Private Limited?

The current directors of Ethicare Pharmaceuticals Private Limited are

What is the primary industry of Ethicare Pharmaceuticals Private Limited?

The primary industry of Ethicare Pharmaceuticals Private Limited is Manufacturing.

Is Ethicare Pharmaceuticals Private Limited a listed company?

Ethicare Pharmaceuticals Private Limited is unlisted.

What is the capital structure of Ethicare Pharmaceuticals Private Limited?

The authorized capital of Ethicare Pharmaceuticals Private Limited is ₹2.50 M, and the paid-up capital is ₹1.89 M.

What is the compliance status of Ethicare Pharmaceuticals Private Limited?

The compliance status of Ethicare Pharmaceuticals Private Limited is Compliant.

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