MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0009520
Hermes Laboratories Private Limited - chemicals and materials in Doddaballapura, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.16 Cr
▲ 7% YoY
Net profit · FY 2024
₹22.42 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹94.67 Lakh
EBITDA margin 5.5%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹15.18 Lakh
Issued & subscribed
Open charges
₹5.19 Cr
Satisfied ₹1.5 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
48
Provident fund records
About Hermes Laboratories Private Limited
Data last updated:
Hermes Laboratories Private Limited is a private limited company based in Doddaballapura, Karnataka, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 09 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24231KA2001PTC029380. Its GSTIN is 29AAACH9645R1ZN (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.18 Lakh. It is led by directors including Suryakant Puttu Mahale (Whole-Time Director) and Jatia Mamta.
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 C.32 Kssidc Industrialestate Veerapura Po Doddaballapur., Doddaballapura, Karnataka, India – 561203.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.16 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹22.42 Lakh (net margin 1.3%) and EBITDA of ₹94.67 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hermes Laboratories. As per MCA filings, the company has open charges of ₹5.19 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Hermes Laboratories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0009520). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hermeslab.in.
Company details
CIN U24231KA2001PTC029380
Registration Number 029380
Incorporation Date 09 August 2001
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
MSME Classification Small
Udyam Registration UDYAM-KR-02-0009520
Key People
Suryakant Puttu Mahale Whole-Time Director Jatia Mamta Director Sunitha S Mahale Director Recognitions & Rankings of Hermes Laboratories
Contact details
Hermes Laboratories Private Limited's registered office is in Doddaballapura, Karnataka. Its website is hermeslab.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC.32 Kssidc Industrialestate Veerapura Po Doddaballapur., Doddaballapura, Karnataka, India – 561203
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Hermes Laboratories Private Limited, buy the company report.
Comprehensive company report
Hermes Laboratories 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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Brands
Hermes Laboratories operates one associated brand: Hermes Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops, manufactures, and markets pharmaceutical drug intermediates and specialty chemicals. | hermeslab.in |
Business activity
The main business activity of Hermes Laboratories 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 Hermes Laboratories Private Limited, buy the company report.
Financials of Hermes Laboratories Private Limited
FY 2025 filings availableHermes Laboratories Private Limited reported revenue of ₹17.16 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹17.16 Cr ▲ 7%
Net profit · FY 2024
₹22.42 Lakh margin 1.3%
EBITDA · FY 2024
₹94.67 Lakh margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 1%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 5%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 7% growth in the latest year. EBITDA rose 7% 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 | ₹94.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.42 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 | 5.5% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Hermes Laboratories Private Limited, buy the company report.
Board of directors of Hermes Laboratories Private Limited
Hermes Laboratories has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suryakant Puttu Mahale | Whole-Time Director | 09 Aug 2001 | 25 Years 2 Months | Current |
| Jatia Mamta Also directs: Omshri Labs Private Limited, Unique Laboratories Private Limited | Director | 24 Jun 2024 | 2 Years 4 Months | Current |
| Sunitha S Mahale | Director | 24 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Hermes Laboratories Private Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (API Manufacturers, Specialty Chemicals), 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 |
|---|---|---|---|---|---|---|
| Apionex Pharma Private Limited | ₹17.29 Cr (FY 2024) | 5.0% | Mumbai, Maharashtra, India | |||
| Sreepathi Lab Private Limited | ₹17.28 Cr (FY 2024) | 0.0% | Nalgonda, Telangana, India | |||
| Rangodadhi Chemicals Private Limited | ₹17.2 Cr (FY 2025) | -18.0% | Ahmedabad, Gujarat, India | |||
| Rumit Chemisynth Private Limited | ₹17.2 Cr (FY 2024) | 70.0% | Mumbai, Maharashtra, India | |||
| Three A Chemie Private Limited | ₹17.19 Cr (FY 2024) | -50.0% | ||||
| Hermes Laboratories Private Limitedthis company | ₹17.16 Cr (FY 2024) | ₹22.42 Lakh | 1.3% | 7.0% | 48 | Doddaballapura, Karnataka, India |
| Unisol Chemtech Limited | ₹17.08 Cr (FY 2024) | Gurgaon, Haryana, India | ||||
| Cico Polymers Private Limited | ₹17.04 Cr (FY 2025) | 10.0% | Delhi, India | |||
| Cropel Lifesciences Private Limited | ₹16.99 Cr (FY 2024) | -22.0% | Kalol, Gujarat, India |
To see the full peer comparison of Hermes Laboratories Private Limited, buy the company report.
Auditor
Hermes Laboratories Private Limited is audited by UMESH & RAVICHANDER for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMESH & RAVICHANDER | FY 2023 | 014729S |
Shareholding
The shareholding of Hermes Laboratories 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 Hermes Laboratories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.19 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2025 | 101200593 | Sidbi | ₹18.06 Lakh | Open | |
| 06 Nov 2024 | 101033184 | Sidbi | ₹14.86 Lakh | Open | |
| 25 Jun 2020 | 100374003 | Others | ₹35.67 Lakh | Open | |
| 12 Jul 2019 | 100285551 | Others | ₹4.5 Cr | Open | |
| 17 Apr 2004 | 80014863 | State Bank of India | ₹1.5 Cr | Satisfied |
To see the full charge records of Hermes Laboratories Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Hermes Laboratories Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank | Disposed |
To see the full case history of Hermes Laboratories 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
No delayed payments to MSME suppliers are on our record for Hermes Laboratories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hermes Laboratories Private Limited has a workforce of 48 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
48
Active EPFO establishments
1
Employee growth
-4%
GST
Hermes Laboratories has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACH9645R1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hermes Laboratories Private Limited, buy the company report.
Recent activity
Hermes Laboratories Private Limited has 11 board changes on record since 2001: 7 appointments and 4 cessations. The latest: Jatia Mamta was appointed as Director on 24 Jun 2024.
Charges
A charge with Others of Rs. 450.00 Lakh registered on 12 Jul 2019 with Charge ID 100285551 was modified on 29 Dec 2025.
Charges
A charge with Sidbi amounted to Rs. 18.06 Lakh with Charge ID 101200593 was registered on 09 Dec 2025.
AGM
Hermes Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hermes Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Sidbi amounted to Rs. 14.86 Lakh with Charge ID 101033184 was registered on 06 Nov 2024.
Appointed
Jatia Mamta was appointed as Director.
Appointed
Sunitha S Mahale was appointed as Director.
Ceased
Velayutham Sivasubbu ceased to be Whole-Time Director.
Charges
A charge with Others amounted to Rs. 35.67 Lakh with Charge ID 100374003 was registered on 25 Jun 2020.
Charges
A charge registered on 17 Apr 2004 via Charge ID 80014863 with State Bank Of India was fully satisfied on 06 Sep 2019.
Charges
A charge with Others amounted to Rs. 450.00 Lakh with Charge ID 100285551 was registered on 12 Jul 2019.
Ceased
Manish Omprakesh Jatia ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
Hermes Laboratories is an active private limited company based in Doddaballapura, Karnataka, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 09 August 2001 (25+ years old) and is registered under CIN U24231KA2001PTC029380.
Hermes Laboratories has 3 current directors:
- Suryakant Puttu Mahale - Whole-Time Director
- Jatia Mamta - Director
- Sunitha S Mahale - Director
The latest financial statements of Hermes Laboratories 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 Hermes Laboratories is 29AAACH9645R1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Hermes Laboratories is U24231KA2001PTC029380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hermes Laboratories has 2 court cases on record: 2 filed against it. Most are in the district courts.
Hermes Laboratories was incorporated on 09 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hermes Laboratories by revenue are Apionex Pharma Private Limited, Sreepathi Lab Private Limited, Rangodadhi Chemicals Private Limited, Rumit Chemisynth Private Limited, Three A Chemie Private Limited and 3 more, all in the Chemicals industry (API Manufacturers, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jatia Mamta was appointed as Director on 24 Jun 2024. Sunitha S Mahale was appointed as Director on 24 Jun 2024. Velayutham Sivasubbu ceased to be Whole-Time Director on 24 Jun 2024. Hermes Laboratories has 11 board changes on record in total.
Yes, Hermes Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0009520).
Hermes Laboratories can be reached through the website hermeslab.in. Its registered office is in Doddaballapura, Karnataka, India.