About Glochem Industries Private Limited
Data last updated:
Glochem Industries Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 20 November 1995.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U24110TG1995PTC022303. Its GSTIN is 36AAACG9134E1ZS (Telangana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹1.97 Cr. It was formerly known as Glochem Industries Limited. It was led by directors including Subbarao Kattamuri (Managing Director) and Hazarath Basha Shaik (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at G.V. Chambers 7 – 2 – C8 & C8/2 Ida Sanatnagar, Hyderabad, Telangana, India – 500018.
As per the financials filed for FY 2023, the company reported a revenue of ₹68 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹19.33 Cr and EBITDA of -₹9.74 Cr. Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 7% over five years.
The company had about 195 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 5 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹93.08 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 1 case is pending.
The last known website on record is glochemindia.com.
Company details
CIN history
Glochem Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24110TG1995PTC022303, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110TG1995PTC022303 | Current |
| U24110TG1995PLC022303 | Previous |
| U24110AP1995PLC022303 | Previous |
Contact details
Glochem Industries Private Limited's registered office is in Hyderabad, Telangana. Its website is glochemindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG.V. Chambers 7 – 2 – C8 & C8/2 Ida Sanatnagar, Hyderabad, Telangana, India – 500018
- IndustryPharma, API Manufacturers
To see the full contact details of Glochem Industries Private Limited, buy the company report.
- 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
Financials of Glochem Industries Private Limited
FY 2023 filings availableGlochem Industries Private Limited reported revenue of ₹68 Lakh (down 62% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 62% fall in the latest year. EBITDA fell 168% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹68 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.33 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Glochem Industries Private Limited, buy the company report.
Board of directors of Glochem Industries Private Limited
Glochem Industries has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hazarath Basha Shaik | Whole-Time Director | 01 Jul 2011 | 15 Years 3 Months | As last reported |
| Subbarao Kattamuri Also directs: Evertogen Life Sciences Limited, K.R.R. Drugs & Intermediates Private Limited, Priche Generics Private Limited and 1 more | Managing Director | 01 Jul 2011 | 15 Years 3 Months | As last reported |
| Vikram Ravindra Mamidipudi Also directs: Ahlada Engineers Limited, Sai Silks (Kalamandir) Limited, Asm Technologies Limited and 5 more | Director | 24 Mar 1999 | 27 Years 6 Months | As last reported |
Peer comparison
Glochem Industries 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 |
|---|---|---|---|---|---|---|
| Macsen Labs Limited | ₹59.7 Cr (FY 2025) | -9.0% | Udaipur, Rajasthan, India | |||
| Bhasya International Private Limited | ₹59.51 Cr (FY 2024) | 124.0% | Hyderabad, Telangana, India | |||
| Vaasavaa Pharmaceuticals Private Limited | ₹59.28 Cr (FY 2025) | 16.0% | Solapur, Maharashtra, India | |||
| Venus Chemicals and Drugs Private Limited | ₹59.13 Cr (FY 2025) | 66.0% | Hyderabad, Telangana, India | |||
| Vivachem Intermediates Private Limited | ₹59.12 Cr (FY 2025) | 84.0% | Raikot, Punjab, India | |||
| Keshava Organics Pvt Ltd | ₹58.68 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Alka Laboratories Private Limited | ₹57.76 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Lakshmidurga Drugs & Intermediates Private Limited | ₹57.5 Cr (FY 2024) | -17.0% | Hyderabad, Telangana, India | |||
| Glochem Industries Private Limited this company | ₹68 Lakh (FY 2023) | -₹19.33 Cr | -62.0% | 195 | Hyderabad, Telangana, India |
To see the full peer comparison of Glochem Industries Private Limited, buy the company report.
Auditor
Glochem Industries Private Limited is audited by Bhaskar Rao & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhaskar Rao & Associates | FY 2023 | 000459S |
Shareholding
The shareholding of Glochem Industries 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Glochem Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2015 | 10597201 | Glochem Industries Limited | ₹32.69 Cr | Satisfied | |
| 23 Mar 2015 | 10563352 | Punjab National Bank | ₹1.3 Cr | Satisfied | |
| 13 Dec 2012 | 10396629 | Punjab National Bank | ₹1.3 Cr | Satisfied | |
| 30 Apr 2012 | 10357060 | Punjab National Bank (On Behalf of Pnb Consortium Where Pnb & Axis Bank Ltd Are Members) | ₹24.38 Cr | Satisfied | |
| 03 Jan 2007 | 10035995 | Axis Bank Limited | ₹4.75 Cr | Satisfied |
To see the full charge records of Glochem Industries Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Glochem Industries Private Limited has 10 court cases on record: 6 filed by Glochem Industries, 4 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 3 | 1 | 0 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed against the company by Oriental Insurance Company Ltd and 1 other | Pending |
| High Court, TELANGANA | Court case (COMCA) | Filed against the company by M/S. the Oriental Insurance Co., Ltd. and 3 others | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Satva Infratech Pvt Ltd | Disposed |
| High Court, TELANGANA | Revision petition | Filed by the company against M/S.The Oriental Insurance Co.Ltd and 6 Others and 6 others | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against Lohita Life Sciences Pvt.Ltd.,Rep., by Its M.D. and 1 other | Disposed |
To see the full case history of Glochem Industries Private Limited, buy the company report.
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
Glochem Industries Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 96 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Benzo Chem Industries Pvt Ltd | |||
| Lofty Laboratories Private Limited | |||
| Leopro Technologies Private Limited | |||
| Benzo Chem Industries Pvt Ltd | |||
| Manasa Life Sciences |
To see the full MSME payment records of Glochem Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Glochem Industries has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Glochem Api Private Limited | U24230TG2020PTC146205 | |
| Evertogen Life Sciences Limited | U24232TG2013PLC085349 | |
| K.R.R. Drugs & Intermediates Private Limited | U24239AP2002PTC038417 | |
| Priche Generics Private Limited | U74999TG2016PTC112294 | |
| Lytica Labs Private Limited | U74999TG2017PTC120942 |
To see the full group structure of Glochem Industries Private Limited, buy the company report.
Employees & EPFO
Glochem Industries Private Limited has a workforce of 195 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Glochem Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACG9134E1ZS | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glochem Industries Private Limited, buy the company report.
Recent activity
Glochem Industries Private Limited has 14 board changes on record since 1999: 3 appointments and 11 cessations. The latest: Kalyan Nagururu ceased to be Director on 31 Mar 2022.
32 earlier events are in the company report.
Frequently asked questions
Glochem Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Glochem Industries was a private limited company based in Hyderabad, Telangana, India. The company worked in api manufacturers, within the pharma industry. It was incorporated on 20 November 1995 and is registered under CIN U24110TG1995PTC022303. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Glochem Industries was incorporated on 20 November 1995. It is registered with the Registrar of Companies, Hyderabad.
Glochem Industries had 3 directors:
- Subbarao Kattamuri - Managing Director
- Hazarath Basha Shaik - Whole-Time Director
- Vikram Ravindra Mamidipudi - Director
The CIN (Corporate Identification Number) of Glochem Industries is U24110TG1995PTC022303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Glochem Industries is at G.V. Chambers 7 – 2 – C8 & C82 Ida Sanatnagar, Hyderabad, Telangana, India – 500018.
Glochem Industries can be reached through the website glochemindia.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Glochem Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 08 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Glochem Industries is 36AAACG9134E1ZS, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Glochem Industries operated in the pharma industry, in the api manufacturers segment.
The peers of Glochem Industries by revenue are Macsen Labs Limited, Bhasya International Private Limited, Vaasavaa Pharmaceuticals Private Limited, Venus Chemicals and Drugs Private Limited, Vivachem Intermediates 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).
Glochem Industries has 8 MSME Form 1 returns on record between 2019 and 2023, listing 96 overdue payments to 8 micro and small suppliers. The latest return was filed on 17 Apr 2023.