About Indica Laboratories Pvt Ltd
Data last updated:
Indica Laboratories Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 02 September 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1978PTC003192. Its GSTIN is 24AAACI4217J1ZU (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Ramanlal Jesangbhai Patel (Managing Director) and Mitesh Jesangbhai Patel (Managing Director).
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 B/H Anil Starchnr Nikol Tolnaka, Ahmedabad, Gujarat, India – 380025.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.11 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹4.87 Lakh (net margin -230.3%) and EBITDA of -₹2.3 Lakh (EBITDA margin -108.8%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 65% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.99 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 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 indicalaboratoriespvtltd.com.
Company details
Contact details
Indica Laboratories Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is indicalaboratoriespvtltd.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB/H Anil Starchnr Nikol Tolnaka, Ahmedabad, Gujarat, India – 380025
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Indica Laboratories Pvt Ltd, buy the company report.
- 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
Business activity
The main business activity of Indica 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 |
Financials of Indica Laboratories Pvt Ltd
FY 2025 filings availableIndica Laboratories Pvt Ltd reported revenue of ₹2.11 Lakh (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 33% fall in the latest year. EBITDA rose 82% 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 | -₹2.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.87 Lakh | ||||
| 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 | -108.8% | ||||
| Net Profit Margin | -230.3% | ||||
| 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 Indica Laboratories Pvt Ltd, buy the company report.
Board of directors of Indica Laboratories Pvt Ltd
Indica Laboratories has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanlal Jesangbhai Patel | Managing Director | 02 Sep 1978 | 48 Years 1 Months | Current |
| Arvind Bhagubhai Patel | Director | 29 Jun 1981 | 45 Years 3 Months | Current |
| Mitesh Jesangbhai Patel | Managing Director | 02 Sep 1978 | 48 Years 1 Months | Current |
Auditor
Indica Laboratories Pvt Ltd is audited by DHIREN SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHIREN SHAH & CO | FY 2019 | 114633W |
Shareholding
The shareholding of Indica Laboratories Pvt Ltd is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indica Laboratories Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2008 | 10085576 | Bank of India | ₹45 Lakh | Satisfied | |
| 28 Jan 2008 | 10085619 | Bank of India | ₹90 Lakh | Satisfied | |
| 18 Mar 2005 | 80042013 | Bank of India | ₹8 Lakh | Satisfied | |
| 02 Mar 1995 | 90109250 | Bank of India | ₹45 Lakh | Satisfied | |
| 25 Jun 1993 | 80042014 | Bank of India | ₹11 Lakh | Satisfied |
To see the full charge records of Indica Laboratories Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Indica Laboratories Pvt Ltd has 8 court cases on record: 4 filed by Indica Laboratories, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
| District courts | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of Central Excise Ahmedabad-Ii | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against Commissioner of Central Excise | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by Ms.Ravi Pharmaceuticals. | Disposed |
To see the full case history of Indica Laboratories Pvt Ltd, 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 Indica Laboratories Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indica Laboratories Pvt Ltd has a workforce of 13 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Indica Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4217J1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indica Laboratories Pvt Ltd, buy the company report.
Recent activity
Indica Laboratories Pvt Ltd has 4 board changes on record since 1978: 3 appointments and 1 cessation. The latest: Bhagubhai Jesingbhai Patel ceased to be Managing Director on 24 Oct 2009.
6 earlier events are in the company report.
Frequently asked questions
Indica Laboratories is an active private limited company based in Ahmedabad, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 02 September 1978 (48+ years old) and is registered under CIN U24231GJ1978PTC003192.
Indica Laboratories has 3 current directors:
- Ramanlal Jesangbhai Patel - Managing Director
- Mitesh Jesangbhai Patel - Managing Director
- Arvind Bhagubhai Patel - Director
The latest financial statements of Indica 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 Indica Laboratories is 24AAACI4217J1ZU, registered in Gujarat.
The CIN (Corporate Identification Number) of Indica Laboratories is U24231GJ1978PTC003192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indica Laboratories has 8 court cases on record: 4 filed by the company and 4 filed against it. Most are in the high courts.
Indica Laboratories was incorporated on 02 September 1978, making it 48+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bhagubhai Jesingbhai Patel ceased to be Managing Director on 24 Oct 2009. Arvind Bhagubhai Patel was appointed as Director on 29 Jun 1981. Mitesh Jesangbhai Patel was appointed as Managing Director on 02 Sep 1978. Indica Laboratories has 4 board changes on record in total.
Indica Laboratories can be reached through the website indicalaboratoriespvtltd.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Indica Laboratories is at BH Anil Starchnr Nikol Tolnaka, Ahmedabad, Gujarat, India – 380025.