MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0021459
Halcyon Labs Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹52.86 Cr
▼ 4% YoY
Net profit · FY 2024
₹3.46 Cr
Net margin 6.6%
EBITDA · FY 2024
₹5.6 Cr
EBITDA margin 10.6%
Authorised capital
₹1.8 Cr
Registered with MCA
Paid-up capital
₹65.67 Lakh
Issued & subscribed
Open charges
₹1,56,033 Cr
Satisfied ₹26.5 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
80
Provident fund records
About Halcyon Labs Private Limited
Data last updated:
Halcyon Labs Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 29 May 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1984PTC033021. Its GSTIN is 27AAACH1127J2ZT (Maharashtra). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹65.67 Lakh. It was formerly known as Veritas Chemicals Private Limited. It is led by directors including Aditya Sudhir Merchant (Managing Director) and Amrita Aditya Merchant.
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 405\408 Navbharat Estateszakaria Bunder Sewri (West), Mumbai, Maharashtra, India – 400015.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.86 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.46 Cr (net margin 6.6%) and EBITDA of ₹5.6 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 80 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Halcyon Labs. As per MCA filings, the company has open charges of ₹1,56,033 Cr and satisfied charges of ₹26.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 3 filed against it.
Halcyon Labs Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0021459). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website halcyonlabs.com.
Company details
CIN U24230MH1984PTC033021
Registration Number 033021
Incorporation Date 29 May 1984
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-GJ-01-0021459
Key People
Aditya Sudhir Merchant Managing Director Amrita Aditya Merchant Director Nandini Sudhir Merchant Director Recognitions & Rankings of Halcyon Labs
Contact details
Halcyon Labs Private Limited's registered office is in Mumbai, Maharashtra. Its website is halcyonlabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address405\408 Navbharat Estateszakaria Bunder Sewri (West), Mumbai, Maharashtra, India – 400015
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Halcyon Labs Private Limited, buy the company report.
Comprehensive company report
Halcyon Labs 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Halcyon Labs operates one associated brand: Halcyon Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and manufactures high-quality pharmaceutical products for global export. | halcyonlabs.com |
Business activity
The main business activity of Halcyon Labs 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 Halcyon Labs Private Limited, buy the company report.
Financials of Halcyon Labs Private Limited
FY 2024 filings availableHalcyon Labs Private Limited reported revenue of ₹52.86 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹52.86 Cr ▼ 4%
Net profit · FY 2024
₹3.46 Cr margin 6.6%
EBITDA · FY 2024
₹5.6 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 1%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 26%
5 years · compounded
▼ 10%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 15% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.46 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 6.6% | ||||
| 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 Halcyon Labs Private Limited, buy the company report.
Board of directors of Halcyon Labs Private Limited
Halcyon Labs has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrita Aditya Merchant Also directs: Naam Poly Trade Labs LLP | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
| Nandini Sudhir Merchant Also directs: Encore Natural Polymers Private Limited, Naam Poly Trade Labs LLP, Ramesh Rajann Constructions Private Limited and 5 more | Director | 19 Jul 2016 | 10 Years 3 Months | Current |
| Rupa Sudhir Merchant Also directs: Encore Natural Polymers Private Limited | Director | 11 Sep 1989 | 37 Years 1 Months | Current |
| Aditya Sudhir Merchant Also directs: Encore Natural Polymers Private Limited, Naam Poly Trade Labs LLP, Ramesh Rajann Constructions Private Limited and 4 more | Managing Director | 01 Aug 2009 | 17 Years 2 Months | Current |
Peer comparison
Halcyon Labs Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Ratnamani Bio-Chemicals and Pharmaceuticlas Private Ltd | ₹54.53 Cr (FY 2024) | 6.0% | Ahmedabad, Gujarat, India | |||
| Amri India Private Limited | ₹53.35 Cr (FY 2017) | 90.0% | Mumbai, Maharashtra, India | |||
| Halcyon Labs Private Limitedthis company | ₹52.86 Cr (FY 2024) | ₹3.46 Cr | 6.6% | -4.0% | 80 | Mumbai, Maharashtra, India |
| Flax Laboratories Private Limited | ₹52.86 Cr (FY 2025) | 26.0% | Mahad, Maharashtra, India | |||
| Vani Pharma Labs Limited | ₹52.6 Cr (FY 2020) | 40.0% | Hyderabad, Telangana, India | |||
| Om Biomedic Private Limited | ₹52.57 Cr (FY 2024) | -6.0% | Hisar, Haryana, India | |||
| Ambe Phytoextracts Private Limited | ₹52.25 Cr (FY 2025) | 6.0% | Delhi, India | |||
| Unilab Chemicals and Pharmaceuticals Private Limited | ₹51.94 Cr (FY 2024) | 5.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Halcyon Labs Private Limited, buy the company report.
Auditor
Halcyon Labs Private Limited is audited by A. P. Asher & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. P. Asher & Co. | FY 2023 | 012633 |
Shareholding
The shareholding of Halcyon Labs 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 Halcyon Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,56,033 Cr
Satisfied charges
₹26.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2024 | 100897014 | Others | ₹7.5 Cr | Open | |
| 10 Oct 2001 | 90361233 | Bank of Baroda | ₹50 Lakh | Open | |
| 11 Oct 2000 | 90361150 | Bank of Baroda | ₹8.3 Cr | Open | |
| 13 Jul 1998 | 90360967 | Bank of Baroda | ₹2.5 Cr | Open | |
| 20 Jul 1995 | 90357856 | Bank of Baroda | ₹8.3 Cr | Open |
To see the full charge records of Halcyon Labs Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Halcyon Labs Private Limited has 3 court cases on record: 1 filed by Halcyon Labs, 3 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
Cases on record (4 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Veritas Chemicals P.Ltd. | Disposed |
| Bombay High Court | Company petition | Filed by the company against And Veritas Chemicals P.Ltd and 1 other | Disposed |
| Bombay High Court | Company petition | Filed against the company by Halcyon Labs P.Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Newpar Aeromatics Pvt Ltd | Disposed |
To see the full case history of Halcyon Labs 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
Halcyon Labs Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rakesh Chemicals Chhatral | |||
| an individual supplier | |||
| Credence Chem Private Limited | |||
| Silicon Product(P)Associates | |||
| Choksi Laboratories Limited |
To see the full MSME payment records of Halcyon Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Halcyon Labs Private Limited has a workforce of 80 employees on its EPFO records as of Mar 10, 2025, across 1 active EPFO establishment.
Employee count
80
Active EPFO establishments
1
Employee growth
3.9%
GST
Halcyon Labs has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH1127J2ZT | Maharashtra | Active | 14 Jul 2017 |
| 24AAACH1127J1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Halcyon Labs Private Limited, buy the company report.
Recent activity
Halcyon Labs Private Limited has 15 board changes on record since 1989: 4 appointments and 11 cessations. The latest: Amrita Aditya Merchant ceased to be Additional Director on 10 Feb 2020.
Charges
A charge registered on 17 Oct 2024 via Charge ID 100998616 with Others was fully satisfied on 18 Jun 2025.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100998616 was registered on 17 Oct 2024.
AGM
Halcyon Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 30 Apr 2015 via Charge ID 10571537 with Citi Bank N.A. was fully satisfied on 08 Apr 2024.
Filing
Halcyon Labs 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. 7.50 Cr with Charge ID 100897014 was registered on 30 Mar 2024.
Ceased
Amrita Aditya Merchant ceased to be Additional Director.
Appointed
Amrita Aditya Merchant was appointed as Director.
Charges
A charge with Citi Bank N.A. of Rs. 7.50 Cr registered on 30 Apr 2015 with Charge ID 10571537 was modified on 20 Jun 2019.
Ceased
Nandini Sudhir Merchant ceased to be Additional Director.
Appointed
Nandini Sudhir Merchant was appointed as Director.
Ceased
Shaila Viren Merchant ceased to be Director.
31 earlier events are in the company report.
Frequently asked questions
Halcyon Labs is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 29 May 1984 (42+ years old) and is registered under CIN U24230MH1984PTC033021.
Halcyon Labs has 4 current directors:
- Aditya Sudhir Merchant - Managing Director
- Amrita Aditya Merchant - Director
- Nandini Sudhir Merchant - Director
- Rupa Sudhir Merchant - Director
The latest financial statements of Halcyon Labs 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 Halcyon Labs is 27AAACH1127J2ZT, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 24AAACH1127J1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Halcyon Labs is U24230MH1984PTC033021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Halcyon Labs has 3 court cases on record: 1 filed by the company and 3 filed against it.
Halcyon Labs was incorporated on 29 May 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Halcyon Labs by revenue are Ratnamani Bio-Chemicals and Pharmaceuticlas Private Ltd, Amri India Private Limited, Flax Laboratories Private Limited, Vani Pharma Labs Limited, Om Biomedic Private Limited and 2 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Amrita Aditya Merchant ceased to be Additional Director on 10 Feb 2020. Amrita Aditya Merchant was appointed as Director on 10 Jan 2020. Nandini Sudhir Merchant ceased to be Additional Director on 26 Sep 2016. Halcyon Labs has 15 board changes on record in total.
Yes, Halcyon Labs is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0021459).
Halcyon Labs has 7 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 5 micro and small suppliers. The latest return was filed on 23 Jan 2024.
Halcyon Labs can be reached through the website halcyonlabs.com. Its registered office is in Mumbai, Maharashtra, India.