India's Richest People 2026 edition · 1 director · Source: Hurun India
- #893 Jayesh P Choksi & family ₹3,300 Cr
Revenue · FY 2024
₹72.48 Lakh
▼ 63% YoY
Net loss · FY 2024
₹3.54 Lakh
Net margin -4.9%
EBITDA · FY 2024
-₹96,879
EBITDA margin -1.3%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3 Lakh
Issued & subscribed
Company age
43 yrs
Est. 1983
Employees · EPFO
20
Provident fund records
Directors on board
5
As per MCA filings
About Gufic Chem Private Limited
Data last updated:
Gufic Chem Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 01 September 1983 and has been in existence for over 43 years.
Its director Jayesh P Choksi and family are #893 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02411KA1983PTC005543. Its GSTIN is 29AABCG6635M1Z5 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Lakh. It is led by directors including Pankaj Jayakumar Gandhi and Pankaj Ramniklal Pandya.
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 703 Belgaum Ind. Estate Udyambaug, Karnataka, India – 590008.
As per the financials filed for FY 2024, the company reported a revenue of ₹72.48 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹3.54 Lakh (net margin -4.9%) and EBITDA of -₹96,879 (EBITDA margin -1.3%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 14% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website guficbio.com.
Company details
CIN U02411KA1983PTC005543
Registration Number 005543
Incorporation Date 01 September 1983
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Pankaj Jayakumar Gandhi Director Pankaj Ramniklal Pandya Director Jayesh Pannalal Choksi Director Recognitions & Rankings of Gufic Chem
Contact details
Gufic Chem Private Limited's registered office is in Belgaum, Karnataka. Its website is guficbio.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address703 Belgaum Ind. Estate Udyambaug, Karnataka, India – 590008
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Gufic Chem Private Limited, buy the company report.
Comprehensive company report
Gufic Chem 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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Business activity
The main business activity of Gufic Chem 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 Gufic Chem Private Limited, buy the company report.
Financials of Gufic Chem Private Limited
FY 2025 filings availableGufic Chem Private Limited reported revenue of ₹72.48 Lakh (down 63% YoY) for FY 2024.
Revenue · FY 2024
₹72.48 Lakh ▼ 63%
Net loss · FY 2024
₹3.54 Lakh margin -4.9%
EBITDA · FY 2024
-₹96,879 margin -1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 25%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▲ 99%
3 years · compounded
▲ 51%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 63% fall in the latest year. EBITDA rose 99% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹96,879 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.54 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | ||||
| Net Profit Margin | -4.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Gufic Chem Private Limited, buy the company report.
Board of directors of Gufic Chem Private Limited
Gufic Chem has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Jayakumar Gandhi | Director | 20 Feb 2019 | 7 Years 8 Months | Current |
| Pankaj Ramniklal Pandya Also directs: Zire Realty Limited, Focus Robotomation (India) LLP | Director | 06 Jul 2004 | 22 Years 3 Months | Current |
| Jayesh Pannalal Choksi | Director | 10 Aug 1984 | 42 Years 2 Months | Current |
| Vipula Jayesh Choksi Also directs: Gufic Private Limited, Jal Private Limited, Zircon Teconica Private Limited and 2 more | Director | 01 Apr 1998 | 28 Years 6 Months | Current |
| Pranav Jayesh Choksi | Director | 06 Jul 2004 | 22 Years 3 Months | Current |
Peer comparison
Gufic Chem Private Limited is compared with the 3 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gufic Chem Private Limitedthis company | ₹72.48 Lakh (FY 2024) | -₹3.54 Lakh | -4.9% | -63.0% | 20 | Belgaum, Karnataka, India |
| Astranova Biotech Private Limited | ₹72.32 Lakh (FY 2025) | -25.0% | Pune, Maharashtra, India | |||
| Magnovia Pharmaceutical Private Limited | ₹72.17 Lakh (FY 2019) | 175.0% | Navi Mumbai, Maharashtra, India | |||
| Thrive Therapeutic Private Limited | ₹71.9 Lakh (FY 2025) | -82.0% | Thane, Maharashtra, India |
To see the full peer comparison of Gufic Chem Private Limited, buy the company report.
Auditor
Gufic Chem Private Limited is audited by Bansi S. Mehta & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bansi S. Mehta & Co. | FY 2022 | 100991W |
Shareholding
The shareholding of Gufic Chem Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gufic Chem Private Limited, buy the company report.
Legal cases
Gufic Chem Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by The Deputy Commissioner of Commercial Taxes | Disposed |
To see the full case history of Gufic Chem 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
Gufic Chem Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Gufic Chem Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gufic Chem Private Limited has a workforce of 20 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-4.76%
GST
Gufic Chem has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCG6635M1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gufic Chem Private Limited, buy the company report.
Recent activity
Gufic Chem Private Limited has 6 board changes on record since 1984: 5 appointments and 1 cessation. The latest: Pankaj Jayakumar Gandhi ceased to be Additional Director on 30 Sep 2019.
AGM
Gufic Chem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gufic Chem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Pankaj Jayakumar Gandhi ceased to be Additional Director.
Appointed
Pankaj Jayakumar Gandhi was appointed as Director.
Appointed
Pankaj Ramniklal Pandya was appointed as Director.
Appointed
Pranav Jayesh Choksi was appointed as Director.
Appointed
Vipula Jayesh Choksi was appointed as Director.
Appointed
Jayesh Pannalal Choksi was appointed as Director.
Incorporation
01 Sep 1983
Gufic Chem Private Limited was registered on 01 Sep 1983 with Roc Bangalore & aged 43 years 1 month as per MCA records.
Frequently asked questions
Gufic Chem is an active private limited company based in Belgaum, Karnataka, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 01 September 1983 (43+ years old) and is registered under CIN U02411KA1983PTC005543.
Gufic Chem has 5 current directors:
- Pankaj Jayakumar Gandhi - Director
- Pankaj Ramniklal Pandya - Director
- Jayesh Pannalal Choksi - Director
- Vipula Jayesh Choksi - Director
- Pranav Jayesh Choksi - Director
The latest financial statements of Gufic Chem 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 2015 are in the company report.
The GSTIN of Gufic Chem is 29AABCG6635M1Z5, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Gufic Chem is U02411KA1983PTC005543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gufic Chem has 1 court case on record: 1 filed against it.
Gufic Chem was incorporated on 01 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gufic Chem by revenue are Astranova Biotech Private Limited, Magnovia Pharmaceutical Private Limited, Thrive Therapeutic Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Pankaj Jayakumar Gandhi ceased to be Additional Director on 30 Sep 2019. Pankaj Jayakumar Gandhi was appointed as Director on 20 Feb 2019. Pankaj Ramniklal Pandya was appointed as Director on 06 Jul 2004. Gufic Chem has 6 board changes on record in total.
Gufic Chem has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 1 micro and small supplier. The latest return was filed on 24 Oct 2019.
Gufic Chem can be reached through the website guficbio.com. Its registered office is in Belgaum, Karnataka, India.
The registered office of Gufic Chem is at 703 Belgaum Ind. Estate Udyambaug, Karnataka, India – 590008.