Gelnova Laboratories (India) Private Limited

Gelnova Laboratories (India) Private Limited - pharma in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U17000MH1997PTC105076 Incorporated 14 January 1997 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Active Private Limited Company pharma MSME · Small
Data last updated
Revenue · FY 2025
₹61.38 Cr
▼ 4% YoY
Net profit · FY 2025
₹77.7 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹4.29 Cr
EBITDA margin 7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.3 Cr
Issued & subscribed
Open charges
₹28.66 Cr
Satisfied ₹101.69 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
82
Provident fund records

About Gelnova Laboratories (India) Private Limited

Data last updated:

Gelnova Laboratories (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 14 January 1997 and has been in existence for over 29 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17000MH1997PTC105076. Its GSTIN is 27AABCG6002C1Z9 (Maharashtra).

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as Franco Fabrics Private Limited. It is led by directors including Jatin Vasant Thakkar (Managing Director) and Bharati Vasant Thakkar.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 125 Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400705.

As per the financials filed for FY 2025, the company reported a revenue of ₹61.38 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹77.7 Lakh (net margin 1.3%) and EBITDA of ₹4.29 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.

The company has about 82 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Gelnova. As per MCA filings, the company has open charges of ₹28.66 Cr and satisfied charges of ₹101.69 Cr on record. Court records list 21 cases involving the company, including 18 filed by the company and 3 filed against it. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹50 Lakh; the latest was in March 2023. Its 6 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 2 smaller; the largest is MDC Pharmaceuticals Limited with revenue of ₹61.89 Cr. The company has 19 MSME Form 1 returns on record between 2013 and 2023, listing 1,674 overdue payments to 124 micro and small suppliers.

Gelnova Laboratories (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0009899). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gelnova.com.

Company details

CIN U17000MH1997PTC105076
Registration Number 105076
Incorporation Date 14 January 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0009899
Key People
Jatin Vasant Thakkar Managing Director Bharati Vasant Thakkar Director Dhananjay Thakorbhai Desai Director

Recognitions & Rankings of Gelnova Laboratories (India)

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-33-0009899

Contact details

Gelnova Laboratories (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is gelnova.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gelnova.com
  • Registered Address
    C – 125 Ttc Industrial Area Mahape, Navi Mumbai, Maharashtra, India – 400705
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Gelnova Laboratories (India) Private Limited, buy the company report.

Comprehensive company report
Gelnova Laboratories (India) 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

Gelnova Laboratories (India) operates one associated brand: Gelnova. Each brand links to its own profile.

BrandDescriptionWebsite
Gelnova
Manufacturing of Soft Gelatin Capsules and Lozenges for pharmaceutical applications in India.gelnova.com

Business activity

The main business activity of Gelnova Laboratories (India) is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Gelnova Laboratories (India) Private Limited, buy the company report.

Financials of Gelnova Laboratories (India) Private Limited

FY 2024 filings available

Gelnova Laboratories (India) Private Limited reported revenue of ₹61.38 Cr (down 4% YoY) for FY 2025.

Revenue · FY 2025
₹61.38 Cr ▼ 4%
Net profit · FY 2025
₹77.7 Lakh margin 1.3%
EBITDA · FY 2025
₹4.29 Cr margin 7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 5%
5 years · compounded
▲ 6%
EBITDA CAGR growth
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%

Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹4.29 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹77.7 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin7%
Net Profit Margin1.3%
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 Gelnova Laboratories (India) Private Limited, buy the company report.

Board of directors of Gelnova Laboratories (India) Private Limited

Gelnova Laboratories (India) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bharati Vasant ThakkarDirector18 Aug 200026 Years 2 MonthsCurrent
Jatin Vasant Thakkar
Also directs: Amnova Bioceuticals LLP, Council for Soft Gelatin Capsule Manufacturers Interest
Managing Director30 Sep 201511 Years 1 MonthsCurrent
Dhananjay Thakorbhai Desai
Also directs: Pharma Base India Private Limited, Sidmak Laboratories (India) Private Limited, Ostern Pvt Ltd and 4 more
Director15 Oct 200917 Years 0 MonthsCurrent
View all directors

Peer comparison

Gelnova Laboratories (India) Private Limited is compared with the 6 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
MDC Pharmaceuticals Limited₹61.89 Cr (FY 2024)14.0%Chandigarh, India
DNV Overseas Impex Private Limited₹61.67 Cr (FY 2018)74.0%New Delhi, Delhi, India
Unijules Life Sciences Limited₹61.64 Cr (FY 2018)-4.0%Nagpur, Maharashtra, India
Revat Laboratories Private Limited₹61.45 Cr (FY 2025)10.0%Hyderabad, Telangana, India
Gelnova Laboratories (India) Private Limitedthis company₹61.38 Cr (FY 2025)₹77.7 Lakh1.3%-4.0%82Navi Mumbai, Maharashtra, India
Mistair Health and Hygiene Private Limited₹61.27 Cr (FY 2025)-21.0%Mumbai, Maharashtra, India
Gentech Healthcare Private Limited₹61.04 Cr (FY 2025)15.0%New Delhi, Delhi, India

To see the full peer comparison of Gelnova Laboratories (India) Private Limited, buy the company report.

Auditor

Gelnova Laboratories (India) Private Limited is audited by E. A. Patil & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
E. A. Patil & Associates LLPFY 2023117371W/W100092

Shareholding

The shareholding of Gelnova Laboratories (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gelnova Laboratories (India) Private Limited, buy the company report.

Charges & borrowings

Open charges
₹28.66 Cr
Satisfied charges
₹101.69 Cr
Breakdown by lending institutions
Others₹28.00 Cr
Axis Bank Limited₹0.66 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Oct 2023100794007Others₹28 CrOpen
19 May 2023100721348Axis Bank Limited₹65.95 LakhOpen
09 Mar 2021100429857Others₹3.01 CrSatisfied
29 Jun 2020100350651Others₹19 CrSatisfied
31 Jan 2018100171061Others₹17 CrSatisfied

To see the full charge records of Gelnova Laboratories (India) Private Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Gelnova Laboratories (India) Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹50 Lakh; the latest was in March 2023.

Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹50 Lakh

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedSeller: 4 individuals
Mar 2015Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
Mar 2013Secondary share transferUndisclosedBuyer: Jatin Vasant Thakkar HUF, 3 individuals
Seller: 2 individuals
Sep 2010Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Mar 2009Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals

To see the full deal history of Gelnova Laboratories (India) Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Gelnova Laboratories (India) Private Limited has 19 MSME Form 1 returns on record between 2013 and 2023, listing 1,674 overdue payments to 124 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 124)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Gelnova Laboratories (India) Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Gelnova Laboratories (India) Private Limited has a workforce of 82 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.

Employee count
82
Active EPFO establishments
1
Employee growth
-1.2%

GST

Gelnova Laboratories (India) has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCG6002C1Z9MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Gelnova Laboratories (India) Private Limited, buy the company report.

Recent activity

Gelnova Laboratories (India) Private Limited has 7 board changes on record since 2000: 3 appointments and 4 cessations. The latest: Jatin Vasant Thakkar was appointed as Managing Director on 30 Sep 2015.

Charges
A charge with Others of Rs. 28.00 Cr registered on 12 Oct 2023 with Charge ID 100794007 was modified on 28 Jul 2025.
AGM
Gelnova Laboratories (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gelnova Laboratories (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 28.00 Cr with Charge ID 100794007 was registered on 12 Oct 2023.
Charges
A charge registered on 29 Jun 2020 via Charge ID 100350651 with Others was fully satisfied on 31 Aug 2023.
Charges
A charge registered on 09 Mar 2021 via Charge ID 100429857 with Others was fully satisfied on 28 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.66 Cr with Charge ID 100721348 was registered on 19 May 2023.
Charges
A charge with Others amounted to Rs. 3.01 Cr with Charge ID 100429857 was registered on 09 Mar 2021.
Charges
A charge with Others of Rs. 19.00 Cr registered on 29 Jun 2020 with Charge ID 100350651 was modified on 24 Sep 2020.
Charges
A charge registered on 31 Jan 2018 via Charge ID 100171061 with Others was fully satisfied on 06 Aug 2020.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 100350651 was registered on 29 Jun 2020.
Charges
A charge registered on 30 Jun 2017 via Charge ID 100115861 with Others was fully satisfied on 05 Mar 2018.

24 earlier events are in the company report.

Frequently asked questions

Gelnova Laboratories (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 14 January 1997 (29+ years old) and is registered under CIN U17000MH1997PTC105076.

Gelnova Laboratories (India) has 3 current directors:

The latest financial statements of Gelnova Laboratories (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Gelnova Laboratories (India) is 27AABCG6002C1Z9, registered in Maharashtra.

The CIN (Corporate Identification Number) of Gelnova Laboratories (India) is U17000MH1997PTC105076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gelnova Laboratories (India) has 21 court cases on record: 18 filed by the company and 3 filed against it. Most are in the high courts.

Gelnova Laboratories (India) was incorporated on 14 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Gelnova Laboratories (India) has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹50 Lakh; the latest was in March 2023.

The peers of Gelnova Laboratories (India) by revenue are MDC Pharmaceuticals Limited, DNV Overseas Impex Private Limited, Unijules Life Sciences Limited, Revat Laboratories Private Limited, Mistair Health and Hygiene Private Limited and 1 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Jatin Vasant Thakkar was appointed as Managing Director on 30 Sep 2015. Jatin Vasant Thakkar ceased to be Director on 12 Mar 2015. Rusi Nusserwanji Sethna ceased to be Director on 11 May 2014. Gelnova Laboratories (India) has 7 board changes on record in total.

Yes, Gelnova Laboratories (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0009899).

Gelnova Laboratories (India) has 19 MSME Form 1 returns on record between 2013 and 2023, listing 1,674 overdue payments to 124 micro and small suppliers. The latest return was filed on 16 Dec 2023.