About Ethicare Pharmaceuticals Private Limited
Data last updated: 23 December 2025
Ethicare Pharmaceuticals Private Limited is a private limited company based in Baroda, Gujarat, India, a subsidiary of Staunch Pharmaceutical Limited. It specialises in drug formulation and development, a part of the broader pharmaceuticals sector. Incorporated on 03 May 1993, the company has been in operation for over 33 years.
Registered with ROC Ahmedabad under CIN U24231GJ1993PTC019386.
Capital: an authorised share capital of ₹25 Lakh and a paid-up capital of ₹18.86 Lakh. It is led by directors including Shivam Patel and Ashish Bhimrao Bane.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 307 Gidc Vil – Por Ramangamdi, Baroda, Gujarat, India – 391243.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.2 Cr, a growth of 94% compared to the previous year.
It operates as a subsidiary of Staunch Pharmaceutical Limited.
The company is associated with 1 brand - Ethicare Pharmaceuticals. As per MCA filings, the company has satisfied charges of ₹61.43 Cr 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 ethicarepharma.in.
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Registered Address307 Gidc Vil – Por Ramangamdi, Baroda, Gujarat, India – 391243
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IndustryPharma, Drug Formulation & Development
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Ethicare Pharmaceuticals Private Limited
Ethicare Pharmaceuticals Private Limited operates one associated brand: Ethicare Pharmaceuticals. These brands represent Ethicare Pharmaceuticals Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Ethicare Pharmaceuticals specializes in dermatology and cosmetology, offering dermatologist-recommended skincare products and solutions. | ethicarepharma.in |
Competitors & Alternatives of Ethicare Pharmaceuticals Private Limited
Brands and companies operating in the same space as Ethicare Pharmaceuticals Private Limited include Roquette, MVMD, DENAVA and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Roquette
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Plant-based pharma, nutraceuticals, and cosmetics are manufactured as a CDMO. | Lestrem, France, France | 1933 |
MVMD
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Biotech company focused on manufacturing neutraceuticals | Concord, Canada, Canada | 2005 |
DENAVA
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Investments are managed in health and digital sectors. | Edling, Germany, Germany | 2002 |
Emergent Health Corp
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Manufacturer of weight loss and energy supplements | King Of Prussia, United States, United States | 2006 |
Cortalix
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Biotechnological company developing radiopharmaceuticals and diagnostics based on single-domain antibodies for applications in immunoPET imaging and targeted radiotherapeutics | Groningen, Netherlands, Netherlands | 2007 |
Winclove
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Probiotic food supplements are developed and produced by Winclove. | Amsterdam, Netherlands, Netherlands | 1987 |
ABJ alive
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Natural nutritional supplements are developed and manufactured under contract. | Bayreuth, Germany, Germany | 2010 |
GMP Labs
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Custom contract manufacturer of quality dietary supplements and homeopathic products. | Anaheim, United States, United States | 1994 |
Business Activity of Ethicare Pharmaceuticals Private Limited
Ethicare Pharmaceuticals Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Ethicare Pharmaceuticals Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Ethicare Pharmaceuticals Private Limited
Ethicare Pharmaceuticals Private Limited is audited by Shah & Shah Associates for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shah & Shah Associates | Locked | Locked | Locked |
Complete auditor history for Ethicare Pharmaceuticals Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Ethicare Pharmaceuticals Private Limited
Ethicare Pharmaceuticals Private Limited is currently managed by 3 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivam Patel | Director | 04 Feb 2023 | 3 Years 6 Months | Current |
| Ashish Bhimrao Bane | Director | 12 Dec 2024 | 1 Years 8 Months | Current |
| Alkeshbhai Maheshbhai Mandaliya | Director | 12 Dec 2024 | 1 Years 8 Months | Current |
Financials of Ethicare Pharmaceuticals Private Limited FY 2025 filings available
Ethicare Pharmaceuticals Private Limited reported revenue of ₹21.2 Cr (up 94.00% YoY) for FY 2025.
Ten-year financial statements for Ethicare Pharmaceuticals Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Ethicare Pharmaceuticals Private Limited
Shareholding and ownership data for Ethicare Pharmaceuticals Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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Charges & Borrowings of Ethicare Pharmaceuticals Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2019 | The South Indian Bank Limited | ₹5.98 Cr | Satisfied |
| 14 Dec 2018 | The South Indian Bank Limited | ₹6.3 Cr | Satisfied |
| 31 Jul 2017 | Others | ₹1.25 Cr | Satisfied |
| 17 Oct 2016 | Others | ₹4.5 Cr | Satisfied |
| 09 Aug 1997 | Bank of Baroda | ₹10 Lakh | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Ethicare Pharmaceuticals Private Limited
View historical data on people associated with Ethicare Pharmaceuticals Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Ethicare Pharmaceuticals Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Ethicare Pharmaceuticals Private Limited
GST registrations and filing compliance for Ethicare Pharmaceuticals Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Ethicare Pharmaceuticals Private Limited
Credit ratings, litigation, and regulatory alerts for Ethicare Pharmaceuticals Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Ethicare Pharmaceuticals Private Limited
MSME payment history for Ethicare Pharmaceuticals Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Ethicare Pharmaceuticals Private Limited
Corporate group structure for Ethicare Pharmaceuticals Private Limited
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- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Ethicare Pharmaceuticals Private Limited
MCA filings and documents for Ethicare Pharmaceuticals Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Ethicare Pharmaceuticals Private Limited
Frequently Asked Questions about Ethicare Pharmaceuticals Private Limited
Ethicare Pharmaceuticals Private Limited is an active private limited company in the pharma sector based in Baroda, Gujarat, India. It was incorporated on 03 May 1993 (33+ years old) and is registered under CIN U24231GJ1993PTC019386.
Ethicare Pharmaceuticals Private Limited reported revenue of ₹21.2 Cr for FY 2025 (up 94.00% YoY).
The current directors of Ethicare Pharmaceuticals Private Limited are:
- Shivam Patel - Director
- Ashish Bhimrao Bane - Director
- Alkeshbhai Maheshbhai Mandaliya - Director
The primary industry of Ethicare Pharmaceuticals Private Limited is pharma. The company specifically operates in drug formulation and development. The company is currently active in this sector.
Ethicare Pharmaceuticals Private Limited can be reached at the registered office: 307 Gidc Vil – Por Ramangamdi, Baroda, Gujarat, India – 391243, or through the website ethicarepharma.in.
The authorised capital is ₹25 Lakh, and the paid-up capital is ₹18.86 Lakh.