MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0003918
Horster Biotek Private Limited - pharma in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.25 Cr
▲ 16% YoY
Net profit · FY 2025
₹79.36 Lakh
Net margin 8.6%
EBITDA · FY 2025
₹1.18 Cr
EBITDA margin 12.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
About Horster Biotek Private Limited
Data last updated:
Horster Biotek Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 08 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24232MP2010PTC024892. Its GSTIN is 23AACCH6524M1ZJ (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mehul Niranjan Jhaveri and Waman Jogi.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Indore, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.25 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹79.36 Lakh (net margin 8.6%) and EBITDA of ₹1.18 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 33% over five years.
The company is associated with 2 brands: Horster Biotek and Horster. As per MCA filings, the company has open charges of ₹2.5 Cr on record.
Horster Biotek Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0003918). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website horsterbiotek.com.
Company details
CIN U24232MP2010PTC024892
Registration Number 024892
Incorporation Date 08 December 2010
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0003918
Recognitions & Rankings of Horster Biotek
Contact details
Horster Biotek Private Limited's registered office is in Indore, Madhya Pradesh. Its website is horsterbiotek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKhasra No. 259 Plot No. 1 & 2 Village Sukhliya Sanwer Road Industrial, Area, Indore, Madhya Pradesh, India – 452015
- IndustryPharma, API Manufacturers
To see the full contact details of Horster Biotek Private Limited, buy the company report.
Comprehensive company report
Horster Biotek 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
Horster Biotek operates two associated brands: Horster Biotek and Horster. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a CDMO specializing in API manufacturing for the biopharma sector. | horsterbiotek.com | |
| Biotechnology and life sciences services in India. | horster.in |
Business activity
The main business activity of Horster Biotek 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 Horster Biotek Private Limited, buy the company report.
Financials of Horster Biotek Private Limited
FY 2025 filings availableHorster Biotek Private Limited reported revenue of ₹9.25 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹9.25 Cr ▲ 16%
Net profit · FY 2025
₹79.36 Lakh margin 8.6%
EBITDA · FY 2025
₹1.18 Cr margin 12.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▼ 22%
5 years · compounded
▲ 33%
EBITDA CAGR growth
3 years · compounded
▲ 20%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 16% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.36 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | ||||
| Net Profit Margin | 8.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Horster Biotek Private Limited, buy the company report.
Board of directors of Horster Biotek Private Limited
Horster Biotek has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Niranjan Jhaveri | Director | 08 Dec 2010 | 15 Years 10 Months | Current |
| Waman Jogi | Director | 31 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Horster Biotek Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Aditya Medi Pharma Private Limited | ₹9.55 Cr (FY 2025) | 35.0% | Hyderabad, Telangana, India | |||
| Reichindia Pharma Limited | ₹9.54 Cr (FY 2022) | -10.0% | Hyderabad, Telangana, India | |||
| Truelife Pharma Private Limited | ₹9.42 Cr (FY 2025) | 35.0% | Kalol, Gujarat, India | |||
| Horster Biotek Private Limitedthis company | ₹9.25 Cr (FY 2025) | ₹79.36 Lakh | 8.6% | 16.0% | Indore, Madhya Pradesh, India | |
| Omkrown Pharam-Chem Private Limited | ₹9.22 Cr (FY 2025) | 6.0% | Nagar, Shahapur, Belgaum, Karnataka, India | |||
| Shreegen Pharma Limited | ₹9.2 Cr (FY 2023) | -32.0% | Hyderabad, Telangana, India | |||
| Proventus Life Sciences Private Limited | ₹9.17 Cr (FY 2024) | -47.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Horster Biotek Private Limited, buy the company report.
Auditor
Horster Biotek Private Limited is audited by SHAH DESAI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DESAI & CO | FY 2023 | 0125486W |
Shareholding
The shareholding of Horster Biotek 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 Horster Biotek Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2017 | 100083589 | Others | ₹2.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Horster Biotek Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Horster Biotek Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Horster Biotek has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCH6524M1ZJ | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Horster Biotek Private Limited, buy the company report.
Recent activity
Horster Biotek Private Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Waman Jogi ceased to be Additional Director on 29 Sep 2024.
AGM
Horster Biotek Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Horster Biotek Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Waman Jogi ceased to be Additional Director.
Appointed
Waman Jogi was appointed as Director.
Ceased
Govindsai Kulkarni ceased to be Additional Director.
Ceased
Himanshu Choudhary ceased to be Additional Director.
Ceased
Pragnesh Pravinbhai Thummar ceased to be Additional Director.
Ceased
Arvind Mehta ceased to be Director.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 100083589 was registered on 17 Feb 2017.
Ceased
Manish Gordhanbhai Tilala ceased to be Additional Director.
Ceased
Mukesh Mehta ceased to be Additional Director.
Appointed
Manish Gordhanbhai Tilala was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Horster Biotek is an active private limited company based in Indore, Madhya Pradesh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 08 December 2010 (16+ years old) and is registered under CIN U24232MP2010PTC024892.
Horster Biotek has 2 current directors:
- Mehul Niranjan Jhaveri - Director
- Waman Jogi - Director
The latest financial statements of Horster Biotek on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Horster Biotek is 23AACCH6524M1ZJ, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Horster Biotek is U24232MP2010PTC024892. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horster Biotek was incorporated on 08 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Horster Biotek by revenue are Aditya Medi Pharma Private Limited, Reichindia Pharma Limited, Truelife Pharma Private Limited, Omkrown Pharam-Chem Private Limited, Shreegen Pharma Limited and 1 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Waman Jogi ceased to be Additional Director on 29 Sep 2024. Waman Jogi was appointed as Director on 31 Jan 2024. Govindsai Kulkarni ceased to be Additional Director on 31 Dec 2020. Horster Biotek has 10 board changes on record in total.
Yes, Horster Biotek is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0003918).
Horster Biotek can be reached through the website horsterbiotek.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Horster Biotek is at Khasra No. 259 Plot No. 1 & 2 Village Sukhliya Sanwer Road Industrial, Area, Indore, Madhya Pradesh, India – 452015.
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