About Harshvardhans Laboratories Private Limited
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Harshvardhans Laboratories Private Limited is a private limited company based in Dhar, Madhya Pradesh, India. It operates in the animal pharmaceuticals and healthcare segment of the pharmaceuticals sector. It was incorporated on 20 April 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15339MP1998PTC012785. Its GSTIN is 23AABCH1269C1Z5 (Madhya Pradesh).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹12.09 Lakh. It is led by directors including Rahul Chandravanshi (Whole-Time Director) and Radhika Bafna Kothari.
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 Lot No. 162 – D Industrial Area Sector 1 Pithampur, Dhar, Madhya Pradesh, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹123.35 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹11.02 Cr (net margin 8.9%) and EBITDA of ₹15.85 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 14% over five years.
The company has about 169 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HLPL. As per MCA filings, the company has open charges of ₹79 Lakh and satisfied charges of ₹10 Lakh on record. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Lakh; the latest was in March 2024. Its 10 peer companies in the Pharma industry (Animal Pharma) are compared by revenue, 5 larger and 5 smaller; the largest is Lasa Supergenerics Limited with revenue of ₹147.46 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harshvardhanindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressLot No. 162 – D Industrial Area Sector 1 Pithampur, Dhar, Madhya Pradesh, India
- IndustryPharma, Animal Pharmaceuticals & Healthcare
- 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 Harshvardhans Laboratories Private Limited
The main business activity of Harshvardhans Laboratories is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Harshvardhans Laboratories Private Limited FY 2025 filings available
Harshvardhans Laboratories Private Limited reported revenue of ₹123.35 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Harshvardhans Laboratories Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 12% growth in the latest year. EBITDA fell 8% 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 Harshvardhans Laboratories 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 | ₹15.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.02 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 of Harshvardhans Laboratories Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.9% | •••• | •••• | •••• | •••• |
| 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 Harshvardhans Laboratories are in the company report.
Financial statements from 2015
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.
Peer Comparison of Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Animal Pharma). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lasa Supergenerics Limited Listed | ₹147.46 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Khed, Maharashtra, India |
| Vital Therapeutics Private Limited | ₹145.15 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Secunderbad, Telangana, India |
| Ceva Polchem Private Limited | ₹144.51 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Pune, Maharashtra, India |
| Quadragen Vethealth Private Limited | ₹133.64 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Bangalore, Karnataka, India |
| Carus Laboratories Private Limited | ₹128.85 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Delhi, India |
| Harshvardhans Laboratories Private Limited this company | ₹123.35 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Dhar, Madhya Pradesh, India |
| Tineta Pharma Private Limited | ₹119.85 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Rodec Pharma Limited | ₹108.15 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Panchsheel Organics Limited Listed | ₹107.68 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Indore, Madhya Pradesh, India |
| Ayurvet Limited | ₹107.61 Cr (FY 2023) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Indovax Private Limited | ₹105 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Harshvardhans Laboratories by revenue in the Pharma industry (Animal Pharma), 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 Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited is audited by M. MEHTA & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. MEHTA & COMPANY | 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.
Board of Directors of Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika Bafna Kothari Also directs: Riddesh Feeds LLP | Director | 31 May 2011 | 15 Years 4 Months | Current |
| Ravindra R Bafna | Director | 06 Jun 2001 | 25 Years 4 Months | Current |
| Ragini Bafna Also directs: Riddesh Feeds LLP | Director | 18 Feb 2022 | 4 Years 7 Months | Current |
| Swapnil Nitin Kothari | Director | 01 Aug 2019 | 7 Years 2 Months | Current |
| Rahul Chandravanshi | Whole-Time Director | 25 Jul 1998 | 28 Years 2 Months | Current |
| Sangita Bafna | Director | 02 May 2011 | 15 Years 5 Months | Current |
Ownership and Shareholding of Harshvardhans Laboratories 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 Harshvardhans Laboratories Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jul 2008 | Bank of India | ₹50 Lakh | Open |
| 23 Mar 2000 | Bank of India | ₹5 Lakh | Open |
| 07 Oct 1998 | Bank of India | ₹16 Lakh | Open |
| 07 Oct 1998 | Bank of India | ₹8 Lakh | Open |
| 29 Mar 2006 | Oriental Bank of Commerce | ₹10 Lakh | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Lakh; the latest was in March 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Ridhesh Feeds Private Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Roshanlal Bafna HUF |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Roshanlal Bafna HUF Seller: an individual |
| Sep 2022 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Roshanlal Bafna HUF |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vital Therapeutics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Amruta Herbals Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories operates one associated brand: HLPL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces animal health and nutrition products for poultry and ruminants worldwide. | harshvardhanindia.com |
Employees and EPFO Compliance at Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited has a workforce of 169 employees as of Oct 09, 2025.
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 Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories Private Limited has 8 board changes on record since 1998: 6 appointments and 2 cessations. The latest: Ragini Bafna was appointed as Director on 18 Feb 2022.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Harshvardhans Laboratories 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.
Subsidiaries & Group Companies of Harshvardhans Laboratories 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 Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCH1269C1Z5 | Madhya Pradesh | 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 Harshvardhans Laboratories 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 Harshvardhans Laboratories Private Limited
Harshvardhans Laboratories is an active private limited company based in Dhar, Madhya Pradesh, India. The company works in animal pharmaceuticals and healthcare, within the pharma industry. It was incorporated on 20 April 1998 (28+ years old) and is registered under CIN U15339MP1998PTC012785.
Harshvardhans Laboratories reported revenue of ₹123.35 Cr for FY 2025 (up 12% YoY).
Harshvardhans Laboratories has 6 current directors:
- Rahul Chandravanshi - Whole-Time Director
- Radhika Bafna Kothari - Director
- Ravindra R Bafna - Director
- Ragini Bafna - Director
- Swapnil Nitin Kothari - Director
- Sangita Bafna - Director
Harshvardhans Laboratories reported a net profit of ₹11.02 Cr (net margin 8.9%) and EBITDA of ₹15.85 Cr (EBITDA margin 12.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harshvardhans Laboratories is 21% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harshvardhans Laboratories is 23AABCH1269C1Z5, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Harshvardhans Laboratories is U15339MP1998PTC012785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harshvardhans Laboratories was incorporated on 20 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Gwalior.
Harshvardhans Laboratories has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Lakh; the latest was in March 2024.
The peers of Harshvardhans Laboratories by revenue are Lasa Supergenerics Limited, Vital Therapeutics Private Limited, Ceva Polchem Private Limited, Quadragen Vethealth Private Limited, Carus Laboratories Private Limited and 5 more, all in the Pharma industry (Animal Pharma).
Ragini Bafna was appointed as Director on 18 Feb 2022. Swapnil Nitin Kothari ceased to be Director on 29 Sep 2019. Swapnil Nitin Kothari was appointed as Director on 01 Aug 2019. Harshvardhans Laboratories has 8 board changes on record in total.
Harshvardhans Laboratories has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 07 Jun 2019.