About Gray's Pharma Private Limited
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Gray's Pharma Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 24 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2015PTC155546. Its GSTIN is 27AAGCG0238B1Z4 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kanchan Singh and Ravendra Banaphar Singh.
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 Unit No. 425 Sr. No.17/1A/1(P), Goodwill Squarepune City Pune (Cb), Maharashtra, India – 411015.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.53 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹15.83 Lakh (net margin 10.3%) and EBITDA of ₹15.83 Lakh (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 23% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grayspharma.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 425 Sr. No.17/1A/1(P), Goodwill Squarepune City Pune (Cb), Maharashtra, India – 411015
- IndustryPharma, Drug Formulation & Development
- 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 Gray's Pharma Private Limited
The main business activity of Gray's Pharma is manufacturing. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations | 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 Gray's Pharma Private Limited FY 2024 filings available
Gray's Pharma Private Limited reported revenue of ₹1.53 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gray's Pharma Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 37% growth in the latest year. EBITDA rose 25% 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 Gray's 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 | ₹15.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.83 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 of Gray's Pharma Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Gray's Pharma are in the company report.
Financial statements from FY 2016
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.
Board of Directors of Gray's Pharma Private Limited
Gray's Pharma has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanchan Singh | Director | 11 Aug 2023 | 3 Years 2 Months | Current |
| Ravendra Banaphar Singh | Director | 24 Jun 2015 | 11 Years 3 Months | Current |
Peer Comparison of Gray's Pharma Private Limited
Gray's Pharma Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A Klass Drugs and Pharmaceuticals Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Khamgaon, Maharashtra, India |
| Kunnj Healthcare Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Kalol, Gujarat, India |
| Vetrx Formulations Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kanpur, Uttar Pradesh, India |
| Nexzen Formulations Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Chennai, Tamil Nadu, India |
| Styla Pharmaceutical Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Chandigarh, India |
| Gray's Pharma Private Limited this company | ₹1.53 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Pune, Maharashtra, India |
| Emergee Pharma Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Uttar Pradesh, India |
| Leelabco Remedies Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Lalith Pharma-Marketing Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Banagalore, Karnataka, India |
| Shree Vishwamitra Ayurved Pharmaceuticals Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Afd Laboratories Private Limited | ₹1.53 Cr (FY 2023) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Gray's Pharma by revenue in the Pharma industry (Formulations), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Gray's Pharma Private Limited
Gray's Pharma Private Limited is audited by Aashish Londhe & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Aashish Londhe & Associates | 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.
Ownership and Shareholding of Gray's 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 Gray's Pharma Private Limited
Gray's Pharma Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gray's Pharma Private Limited
Employment history and EPFO contributions of people linked to Gray's Pharma.
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 Gray's Pharma Private Limited
Gray's Pharma Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Kanchan Singh ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Gray's 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.
MSME Payment Delays by Gray's Pharma Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Gray's 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 Gray's Pharma Private Limited
Gray's Pharma has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG0238B1Z4 | Maharashtra | 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 Gray's 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 Gray's Pharma Private Limited
Gray's Pharma is an active private limited company based in Pune, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 24 June 2015 (11+ years old) and is registered under CIN U74900PN2015PTC155546.
Gray's Pharma reported revenue of ₹1.53 Cr for FY 2025 (up 37% YoY).
Gray's Pharma has 2 current directors:
- Kanchan Singh - Director
- Ravendra Banaphar Singh - Director
Gray's Pharma reported a net profit of ₹15.83 Lakh (net margin 10.3%) and EBITDA of ₹15.83 Lakh (EBITDA margin 10.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gray's Pharma is 49% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gray's Pharma is 27AAGCG0238B1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Gray's Pharma is U74900PN2015PTC155546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gray's Pharma was incorporated on 24 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Gray's Pharma by revenue are A Klass Drugs and Pharmaceuticals Private Limited, Kunnj Healthcare Private Limited, Vetrx Formulations Private Limited, Nexzen Formulations Limited, Styla Pharmaceutical Private Limited and 5 more, all in the Pharma industry (Formulations).
Kanchan Singh ceased to be Additional Director on 29 Sep 2023. Kanchan Singh was appointed as Director on 11 Aug 2023. Vaishali Sunilsingh Rajput ceased to be Additional Director on 30 Sep 2017. Gray's Pharma has 6 board changes on record in total.
Gray's Pharma can be reached through the website grayspharma.in. Its registered office is in Pune, Maharashtra, India.