MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-27-0077308
Flax Laboratories Private Limited - pharma in Mahad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹52.86 Cr
▲ 26% YoY
Net profit · FY 2025
₹2.74 Cr
Net margin 5.2%
EBITDA · FY 2025
₹5.23 Cr
EBITDA margin 9.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Open charges
₹7.5 Cr
Satisfied ₹8.9 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
63
Provident fund records
About Flax Laboratories Private Limited
Data last updated:
Flax Laboratories Private Limited is a private limited company based in Mahad, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 05 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24239MH2021PTC359917. Its GSTIN is 27AAECF5523E1ZV (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹50,000. It is led by directors including Kirti Dwarkadas Gaudani and Bharatbhai Govindbhai Suthar.
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 Plot No B29 1 MIDC Mahad, Village Birwadi Mahad, Maharashtra, India – 402301.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.86 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 5.2%) and EBITDA of ₹5.23 Cr (EBITDA margin 9.9%).
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Flax Laboratories. As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹8.9 Cr on record.
Flax Laboratories Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-27-0077308). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flaxlaboratories.com.
Company details
CIN U24239MH2021PTC359917
Registration Number 359917
Incorporation Date 05 May 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-27-0077308
Key People
Kirti Dwarkadas Gaudani Director Bharatbhai Govindbhai Suthar Director Abhaybhai Subodhbhai Maheta Director Recognitions & Rankings of Flax Laboratories
Contact details
Flax Laboratories Private Limited's registered office is in Mahad, Maharashtra. Its website is flaxlaboratories.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No B29 1 MIDC Mahad, Village Birwadi Mahad, Maharashtra, India – 402301
- IndustryPharma, API Manufacturers, Drug Formulation & Development
To see the full contact details of Flax Laboratories Private Limited, buy the company report.
Comprehensive company report
Flax Laboratories 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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Brands
Flax Laboratories operates one associated brand: Flax Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| API manufacturing and exporting of sterile and non-sterile products in India. | flaxlaboratories.com |
Business activity
The main business activity of Flax 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 Flax Laboratories Private Limited, buy the company report.
Financials of Flax Laboratories Private Limited
FY 2025 filings availableFlax Laboratories Private Limited reported revenue of ₹52.86 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹52.86 Cr ▲ 26%
Net profit · FY 2025
₹2.74 Cr margin 5.2%
EBITDA · FY 2025
₹5.23 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
EBITDA CAGR growth
1 year
▼ 5%
Revenue rose 26% in the latest year. EBITDA fell 5% in the latest 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 |
|---|---|---|---|---|
| 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 | ₹5.23 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.74 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 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.9% | |||
| Net Profit Margin | 5.2% | |||
| 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 Flax Laboratories Private Limited, buy the company report.
Board of directors of Flax Laboratories Private Limited
Flax Laboratories has 6 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirti Dwarkadas Gaudani | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Bharatbhai Govindbhai Suthar Also directs: Enolic Pharma Private Limited, Kyana Labs Private Limited | Director | 28 Jul 2023 | 3 Years 3 Months | Current |
| Abhaybhai Subodhbhai Maheta Also directs: Dwirayu Pharma Private Limited | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Hetal Maheta Abhay | Director | 05 May 2021 | 5 Years 5 Months | Current |
| Rekhaben Bharatbhai Suthar Also directs: Enolic Pharma Private Limited, Kyana Labs Private Limited | Director | 05 May 2021 | 5 Years 5 Months | Current |
| Rajni Dwarkadas Gaudani | Director | 05 May 2021 | 5 Years 5 Months | Current |
Peer comparison
Flax Laboratories Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Ratnamani Bio-Chemicals and Pharmaceuticlas Private Ltd | ₹54.53 Cr (FY 2024) | 6.0% | Ahmedabad, Gujarat, India | |||
| Amri India Private Limited | ₹53.35 Cr (FY 2017) | 90.0% | Mumbai, Maharashtra, India | |||
| Halcyon Labs Private Limited | ₹52.86 Cr (FY 2024) | -4.0% | Mumbai, Maharashtra, India | |||
| Flax Laboratories Private Limitedthis company | ₹52.86 Cr (FY 2025) | ₹2.74 Cr | 5.2% | 26.0% | Mahad, Maharashtra, India | |
| Vani Pharma Labs Limited | ₹52.6 Cr (FY 2020) | 40.0% | Hyderabad, Telangana, India | |||
| Om Biomedic Private Limited | ₹52.57 Cr (FY 2024) | -6.0% | Hisar, Haryana, India | |||
| Ambe Phytoextracts Private Limited | ₹52.25 Cr (FY 2025) | 6.0% | Delhi, India | |||
| Unilab Chemicals and Pharmaceuticals Private Limited | ₹51.94 Cr (FY 2024) | 5.0% | Mumbai, Maharashtra, India | |||
| Vincit Labs Private Limited | ₹51.7 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Flax Laboratories Private Limited, buy the company report.
Auditor
Flax Laboratories Private Limited is audited by Malviya & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Malviya & Associates | FY 2024 | 117622 |
Shareholding
The shareholding of Flax Laboratories Private Limited is on record for 4 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Flax Laboratories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.5 Cr
Satisfied charges
₹8.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2025 | 101162825 | Others | ₹7.5 Cr | Open | |
| 20 Apr 2023 | 100723346 | Axis Bank Limited | ₹8.9 Cr | Satisfied |
To see the full charge records of Flax Laboratories Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Flax Laboratories Private Limited 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 Flax Laboratories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flax Laboratories has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECF5523E1ZV | Maharashtra | Active | 12 Jul 2021 |
| 24AAECF5523E1Z1 | Gujarat | Active | 18 Jan 2024 |
To see the full GST registrations and return filing status of Flax Laboratories Private Limited, buy the company report.
Recent activity
Flax Laboratories Private Limited has 6 board changes on record since 2021: 6 appointments. The latest: Abhaybhai Subodhbhai Maheta was appointed as Director on 01 Apr 2025.
Charges
A charge registered on 20 Apr 2023 via Charge ID 100723346 with Axis Bank Limited was fully satisfied on 31 Jan 2026.
AGM
Flax Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 750.00 Lakh with Charge ID 101162825 was registered on 16 Sep 2025.
Appointed
Abhaybhai Subodhbhai Maheta was appointed as Director.
Appointed
Kirti Dwarkadas Gaudani was appointed as Director.
Filing
Flax Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Axis Bank Limited of Rs. 890.00 Lakh registered on 20 Apr 2023 with Charge ID 100723346 was modified on 30 Dec 2023.
Appointed
Bharatbhai Govindbhai Suthar was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 890.00 Lakh with Charge ID 100723346 was registered on 20 Apr 2023.
Appointed
Hetal Maheta Abhay was appointed as Director.
Appointed
Rajni Dwarkadas Gaudani was appointed as Director.
Appointed
Rekhaben Bharatbhai Suthar was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Flax Laboratories is an active private limited company based in Mahad, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 05 May 2021 (5+ years old) and is registered under CIN U24239MH2021PTC359917.
Flax Laboratories has 6 current directors:
- Kirti Dwarkadas Gaudani - Director
- Bharatbhai Govindbhai Suthar - Director
- Abhaybhai Subodhbhai Maheta - Director
- Hetal Maheta Abhay - Director
- Rekhaben Bharatbhai Suthar - Director
- Rajni Dwarkadas Gaudani - Director
The latest financial statements of Flax Laboratories 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 FY 2022 are in the company report.
The GSTIN of Flax Laboratories is 27AAECF5523E1ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECF5523E1Z1 (Gujarat).
The CIN (Corporate Identification Number) of Flax Laboratories is U24239MH2021PTC359917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flax Laboratories was incorporated on 05 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flax Laboratories by revenue are Ratnamani Bio-Chemicals and Pharmaceuticlas Private Ltd, Amri India Private Limited, Halcyon Labs Private Limited, Vani Pharma Labs Limited, Om Biomedic Private Limited and 3 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Abhaybhai Subodhbhai Maheta was appointed as Director on 01 Apr 2025. Kirti Dwarkadas Gaudani was appointed as Director on 01 Apr 2025. Bharatbhai Govindbhai Suthar was appointed as Director on 28 Jul 2023. Flax Laboratories has 6 board changes on record in total.
Yes, Flax Laboratories is registered as an MSME under Udyam registration (number: UDYAM-MH-27-0077308).
Flax Laboratories can be reached through the website flaxlaboratories.com. Its registered office is in Mahad, Maharashtra, India.
The registered office of Flax Laboratories is at Plot No B29 1 MIDC Mahad, Village Birwadi Mahad, Maharashtra, India – 402301.