About FTF Pharma Private Limited
Data last updated:
FTF Pharma Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Shilpa Medicare Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 20 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2012PTC070818. Its GSTIN is 24AACCF0023D1ZK (Gujarat).
The company has an authorised share capital of ₹15.75 Cr and a paid-up capital of ₹4.21 Cr. It is led by directors including Vishnukanth Chaturbhuj Bhutada and Jayant Shrikant Karajgi.
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 Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.49 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.98 Cr (net margin 13.5%) and EBITDA of ₹5.03 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 31% over five years.
The company has about 88 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FTF Pharma. As per MCA filings, the company has satisfied charges of ₹37.72 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 6 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹3.9 Cr; the latest was in June 2020. Its 10 peer companies in the Pharma industry (Contract Research, Formulations) are compared by revenue, 5 larger and 5 smaller; the largest is Sai Siddhi Pharmachem Private Limited. The company has 17 MSME Form 1 returns on record between 2016 and 2024, listing 378 overdue payments to 64 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ftfpharma.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBl.No.193(P)211(P) Xcelon Ind. Park Chak De India Weigh Bridge Rd Vasana Chacharwadi Ta – S, Anand, Ahmedabad, Gujarat, India – 382213
- IndustryPharma, Drug Formulation & Development, Pharma Contract R&D
- 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
- One PDF report, delivered after checkout
Business Activity of FTF Pharma Private Limited
The main business activity of FTF Pharma is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of FTF Pharma Private Limited FY 2025 filings available
FTF Pharma Private Limited reported revenue of ₹29.49 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of FTF Pharma Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 12% growth in the latest year. EBITDA fell 56% 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 of FTF Pharma Private Limited
| 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 | ₹5.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.98 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 of FTF Pharma Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of FTF Pharma are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of FTF Pharma Private Limited
FTF Pharma Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Contract Research, Formulations). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Siddhi Pharmachem Private Limited | •••• | •••• | •••• | •••• | 12 | Rajpipla, Gujarat, India |
| Ventis Pharmaceuticals Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Pellsys Pharma Private Limited | •••• | •••• | •••• | •••• | 14 | Hyderabad, Telangana, India |
| Pesino Pharmaceuticals Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Medion Biotech Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| FTF Pharma Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Kantil Pharmaceuticals Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Rapross Pharmaceuticals Private Limited | •••• | •••• | •••• | •••• | 321 | Delhi, India |
| Clinical Research Network India Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Puerto Life Sciences Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Saf Fermion Ltd. | •••• | •••• | •••• | •••• | 309 | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below FTF Pharma by revenue in the Pharma industry (Contract Research, Formulations), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of FTF Pharma Private Limited
FTF Pharma Private Limited is audited by Kantilal Patel & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kantilal Patel & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of FTF Pharma Private Limited
FTF Pharma has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishnukanth Chaturbhuj Bhutada Also directs: Ayodhya Sarayu Infra LLP, Shilpa Medicare Limited, Shilpa Pharma Lifesciences Limited and 5 more | Director | 01 Jul 2020 | 6 Years 3 Months | Current |
| Abhay Sadashiv Sapre | Additional Director | 10 Oct 2024 | 1 Years 11 Months | Current |
| Jayant Shrikant Karajgi | Director | 02 Nov 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of FTF Pharma Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of FTF Pharma Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jun 2017 | Hdfc Bank Limited | ₹22.61 Cr | Satisfied |
| 01 Jun 2017 | Hdfc Bank Limited | ₹14 Cr | Satisfied |
| 09 Dec 2016 | Others | ₹9.54 Lakh | Satisfied |
| 03 Oct 2016 | Others | ₹9.64 Lakh | Satisfied |
| 03 Oct 2013 | Punjab National Bank | ₹92 Lakh | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of FTF Pharma Private Limited
FTF Pharma Private Limited has 6 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹3.9 Cr; the latest was in June 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Acquisition | ₹76.2 Cr | Buyer: Shilpa Medicare Limited |
| Mar 2016 | Rights issue | ₹1.6 Lakh | Investors: 2 individuals |
| Mar 2015 | Rights issue | ₹4 Lakh | Investors: 2 individuals |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of FTF Pharma Private Limited
FTF Pharma Private Limited has 1 court case on record: 1 filed by FTF Pharma. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (APPLN ESI) | Filed by the company against Regional Director E.S.I Corporation, Ahmedabad | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by FTF Pharma Private Limited
FTF Pharma Private Limited has 17 MSME Form 1 returns on record between 2016 and 2024, listing 378 overdue payments to 64 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 64)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Pharmaffiliates Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Matrix Enterprises-Navrangpura | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 17 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with FTF Pharma Private Limited
FTF Pharma operates one associated brand: FTF Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer and manufacturer of tablets, capsules, oral liquid, topical and sterile products | ftfpharma.com |
Employees and EPFO Compliance at FTF Pharma Private Limited
FTF Pharma Private Limited has a workforce of 88 employees as of Mar 07, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on FTF Pharma Private Limited
FTF Pharma Private Limited has 11 board changes on record since 2014: 3 appointments and 8 cessations. The latest: Abhay Sadashiv Sapre was appointed as Additional Director on 10 Oct 2024.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for FTF Pharma Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of FTF Pharma Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of FTF Pharma Private Limited
FTF Pharma has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF0023D1ZK | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of FTF Pharma Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about FTF Pharma Private Limited
FTF Pharma is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 20 June 2012 (14+ years old) and is registered under CIN U24230GJ2012PTC070818.
FTF Pharma reported revenue of ₹29.49 Cr for FY 2025 (up 12% YoY).
FTF Pharma has 3 current directors:
- Vishnukanth Chaturbhuj Bhutada - Director
- Abhay Sadashiv Sapre - Additional Director
- Jayant Shrikant Karajgi - Director
FTF Pharma reported a net profit of ₹3.98 Cr (net margin 13.5%) and EBITDA of ₹5.03 Cr (EBITDA margin 17.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of FTF Pharma is 15% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of FTF Pharma is 24AACCF0023D1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of FTF Pharma is U24230GJ2012PTC070818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FTF Pharma has 1 court case on record: 1 filed by the company.
FTF Pharma was incorporated on 20 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
FTF Pharma has 6 deals on record (2 rights issues, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹3.9 Cr; the latest was in June 2020.
The peers of FTF Pharma by revenue are Sai Siddhi Pharmachem Private Limited, Ventis Pharmaceuticals Private Limited, Pellsys Pharma Private Limited, Pesino Pharmaceuticals Private Limited, Medion Biotech Private Limited and 5 more, all in the Pharma industry (Contract Research, Formulations).
Abhay Sadashiv Sapre was appointed as Additional Director on 10 Oct 2024. Ganeshchandra Shivajirao Sonawane ceased to be Additional Director on 10 Aug 2022. Jayant Shrikant Karajgi ceased to be Additional Director on 27 Aug 2021. FTF Pharma has 11 board changes on record in total.