About Jay Formulations Ltd
Data last updated: 03 February 2026
Jay Formulations Ltd is a public limited company based in Ahmedabad, Gujarat, India. It specialises in drug formulation and development, a part of the broader pharmaceuticals sector. Incorporated on 15 June 1988, the company has been in operation for over 38 years.
Registered with ROC Ahmedabad under CIN U17119GJ1988PLC010855.
Capital: an authorised share capital of ₹3.05 Cr and a paid-up capital of ₹2 Cr. Formerly known as Bhavik Textiles Pvt Ltd. It is led by directors including Hemant Bhogilal Mehta and Hitendra Nihalchand Mehta.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 13 First Floor Harikrishnacomplex B/H Dipalee Cinema Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2021, the company reported a revenue of ₹138.71 Cr, a growth of 11% compared to the previous year.
As per MCA filings, the company has open charges of ₹73.81 Cr and satisfied charges of ₹13 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jayformulations.in.
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Registered Address13 First Floor Harikrishnacomplex B/H Dipalee Cinema Ashram Road, Ahmedabad, Gujarat, India – 380009
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IndustryPharma, Drug Formulation & Development
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
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Business Activity of Jay Formulations Ltd
Jay Formulations Ltd is engaged in the principal business activity of manufacturing, with detailed activities including computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details for Jay Formulations Ltd
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Auditor Details of Jay Formulations Ltd
Jay Formulations Ltd is audited by Nimesh Hariya & Associates for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nimesh Hariya & Associates | Locked | Locked | Locked |
Complete auditor history for Jay Formulations Ltd
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Board of Directors of Jay Formulations Ltd
Jay Formulations Ltd is currently managed by 3 directors, with 7 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Hemant Bhogilal Mehta
Also directs:
Oceanic Techno Chem Private Limited, Aquatic Remedies Limited, Aquatic Formulations (India) Limited and 1 more
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Additional Director | 05 May 2025 | 1 Years 3 Months | Current |
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Hitendra Nihalchand Mehta
Also directs:
Oceanic Techno Chem Private Limited, Aquatic Remedies Limited, Aquatic Formulations (India) Limited and 1 more
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Additional Director | 05 May 2025 | 1 Years 3 Months | Current |
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Darshan Bhogilal Mehta
Also directs:
Oceanic Techno Chem Private Limited, Aquatic Remedies Limited, Aquatic Formulations (India) Limited and 3 more
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Additional Director | 05 May 2025 | 1 Years 3 Months | Current |
Financials of Jay Formulations Ltd FY 2024 filings available
Jay Formulations Ltd reported revenue of ₹138.71 Cr (up 11.00% YoY) for FY 2021.
Ten-year financial statements for Jay Formulations Ltd
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Ownership and Shareholding of Jay Formulations Ltd
Shareholding and ownership data for Jay Formulations Ltd
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Charges & Borrowings of Jay Formulations Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 2021 | Sidbi | ₹2.8 Cr | Open |
| 02 Jan 2021 | Tata Capital Financial Services Limited | ₹1.24 Cr | Open |
| 08 Sep 2020 | Others | ₹12.5 Lakh | Open |
| 30 Jul 2020 | Others | ₹12.39 Lakh | Open |
| 24 Jul 2020 | Sidbi | ₹2.8 Cr | Open |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Jay Formulations Ltd
View historical data on people associated with Jay Formulations Ltd, including employment history and EPFO contributions.
Employee and EPFO history for Jay Formulations Ltd
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GST Compliance of Jay Formulations Ltd
GST registrations and filing compliance for Jay Formulations Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Jay Formulations Ltd
Credit ratings, litigation, and regulatory alerts for Jay Formulations Ltd
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MSME Payment Delays by Jay Formulations Ltd
MSME payment history for Jay Formulations Ltd
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Subsidiaries & Group Companies of Jay Formulations Ltd
Corporate group structure for Jay Formulations Ltd
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MCA Filings & Documents of Jay Formulations Ltd
MCA filings and documents for Jay Formulations Ltd
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Recent Activity on Jay Formulations Ltd
Frequently Asked Questions about Jay Formulations Ltd
Jay Formulations Ltd is an active public limited company in the pharma sector based in Ahmedabad, Gujarat, India. It was incorporated on 15 June 1988 (38+ years old) and is registered under CIN U17119GJ1988PLC010855.
Jay Formulations Ltd reported revenue of ₹138.71 Cr for FY 2021 (up 11.00% YoY).
The current directors of Jay Formulations Ltd are:
- Hemant Bhogilal Mehta - Additional Director
- Hitendra Nihalchand Mehta - Additional Director
- Darshan Bhogilal Mehta - Additional Director
The primary industry of Jay Formulations Ltd is pharma. The company specifically operates in drug formulation and development. The company is currently active in this sector.
Jay Formulations Ltd can be reached at the registered office: 13 First Floor Harikrishnacomplex BH Dipalee Cinema Ashram Road, Ahmedabad, Gujarat, India – 380009, or through the website jayformulations.in.
The authorised capital is ₹3.05 Cr, and the paid-up capital is ₹2 Cr.