India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,140 Bhikhalal Chimanlal Shah & Family ₹2,200 Cr
Revenue · FY 2025
₹273.62 Cr
▲ 19% YoY
Net profit · FY 2025
₹2.6 Cr
Net margin 0.9%
EBITDA · FY 2025
₹35.57 Cr
EBITDA margin 13%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹81.05 Lakh
Issued & subscribed
Open charges
₹113.56 Cr
Satisfied ₹60.35 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
347
Provident fund records
About Kanchan Pharma Private Limited
Data last updated:
Kanchan Pharma Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 16 October 1990 and has been in existence for over 36 years.
Its director Bhikhalal Chimanlal Shah and Family is #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24232GJ1990PTC014539. Its GSTIN is 27AABCK6444J1ZC (Maharashtra). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹81.05 Lakh. It is led by directors including Rushabh Rakeshbhai Shah and Mona Jitendrakumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kanchan Pharma House National Highway No – 8 Aslali, Ahmedabad, Gujarat, India – 382427.
As per the financials filed for FY 2025, the company reported a revenue of ₹273.62 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.6 Cr (net margin 0.9%) and EBITDA of ₹35.57 Cr (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 347 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kanchan Pharma. As per MCA filings, the company has open charges of ₹113.56 Cr and satisfied charges of ₹60.35 Cr on record. Court records list 39 cases involving the company, including 18 filed by the company and 21 filed against it; 21 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.1 Cr; the latest was in March 2009. The company has 4 MSME Form 1 returns on record between 2014 and 2020, listing 30 overdue payments to 14 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 kanchanpharma.com.
Company details
CIN U24232GJ1990PTC014539
Registration Number 014539
Incorporation Date 16 October 1990
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Rushabh Rakeshbhai Shah Director Mona Jitendrakumar Shah Director Rakesh Bhikhalal Shah Director Recognitions & Rankings of Kanchan Pharma
Contact details
Kanchan Pharma Private Limited's registered office is in Ahmedabad, Gujarat. Its website is kanchanpharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKanchan Pharma House National Highway No – 8 Aslali, Ahmedabad, Gujarat, India – 382427
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Kanchan Pharma Private Limited, buy the company report.
Comprehensive company report
Kanchan Pharma 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
Kanchan Pharma operates one associated brand: Kanchan Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides specialized logistics services for the secure transport of pharmaceuticals. | kanchanpharma.com |
Business activity
The main business activity of Kanchan Pharma is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Kanchan Pharma Private Limited, buy the company report.
Financials of Kanchan Pharma Private Limited
FY 2024 filings availableKanchan Pharma Private Limited reported revenue of ₹273.62 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹273.62 Cr ▲ 19%
Net profit · FY 2025
₹2.6 Cr margin 0.9%
EBITDA · FY 2025
₹35.57 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▼ 13%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 7%
5 years · compounded
▲ 8%
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 5% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 13% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Kanchan Pharma Private Limited, buy the company report.
Board of directors of Kanchan Pharma Private Limited
Kanchan Pharma has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushabh Rakeshbhai Shah Also directs: Kanchan Healthcare Int LLP, KP Ridge Infra LLP, Nava Healthcare Private Limited and 5 more | Director | 02 Jun 2025 | 1 Years 5 Months | Current |
| Mona Jitendrakumar Shah | Director | 16 Oct 1990 | 36 Years 0 Months | Current |
| Rakesh Bhikhalal Shah Also directs: Kanchan Healthcare Int LLP, KP Ridge Infra LLP, Kepler Healthcare Private Limited and 5 more | Director | 16 Oct 1990 | 36 Years 0 Months | Current |
| Bhikhalal Chimanlal Shah | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Rushika Shah | Director | 16 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Kanchan Pharma Private Limited is audited by R.R.S & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.R.S & Associates | FY 2023 | 118336W |
Shareholding
The shareholding of Kanchan Pharma 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 Kanchan Pharma Private Limited, buy the company report.
Charges & borrowings
Open charges
₹113.56 Cr
Satisfied charges
₹60.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2024 | 101032498 | Others | ₹2.25 Cr | Open | |
| 01 Aug 2022 | 100633748 | Hdfc Bank Limited | ₹1.27 Cr | Open | |
| 04 Nov 2019 | 100301007 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 01 Nov 2019 | 100307903 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 27 Apr 2018 | 100178623 | Others | ₹10 Cr | Open |
To see the full charge records of Kanchan Pharma Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Kanchan Pharma Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.1 Cr; the latest was in March 2009.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹1.1 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Bhikhalal Chimanlal Shah HUF Seller: Shiv Pujan Agencies Private Limited, Mahasagar Securities Private Limited, Amit Info Com Private Limited |
| Mar 2008 | Funding round | ₹1.1 Cr | Investors: Alliance Intermediateries and Network Private Limited , Gold Star Finvest Private Limited, Tribhuvan Housing Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kanchan Pharma Private Limited has 39 court cases on record: 18 filed by Kanchan Pharma, 21 filed against it. 21 cases are pending and 18 are disposed.
Total cases
39
Filed by the company
18
Filed against the company
21
Pending
21
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 15 | 18 |
| High courts | 6 | 4 | 1 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Interim or miscellaneous application | Filed against the company by Alniche Life Sciences Pvt Ltd and Anr | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against M/S. Mediworm Private Limited and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Kemfort Pharma Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Santis Pharmaceuticals Pvt Ltd and 2 others | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed against the company by M/S Lifezen Healthcare Private Limited | Pending |
To see the full case history of Kanchan Pharma 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
Kanchan Pharma Private Limited has 4 MSME Form 1 returns on record between 2014 and 2020, listing 30 overdue payments to 14 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 (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Asc Consulting Private Limited | |||
| Arihant Maintenance Service | |||
| Tej Couriers | |||
| an individual supplier | |||
| Kitzo Insights Private Limited |
To see the full MSME payment records of Kanchan Pharma Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kanchan Pharma Private Limited has a workforce of 347 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
347
Active EPFO establishments
1
Employee growth
-2.25%
GST
Kanchan Pharma has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
8
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCK6444J1ZC | Maharashtra | Active | 01 Jul 2017 |
| 33AABCK6444J1ZJ | Tamil Nadu | Active | 01 Dec 2017 |
| 22AABCK6444J1ZM | Chhattisgarh | Active | 01 May 2020 |
| 10AABCK6444J1ZR | Bihar | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Kanchan Pharma Private Limited, buy the company report.
Recent activity
Kanchan Pharma Private Limited has 10 board changes on record since 1990: 5 appointments and 5 cessations. The latest: Rushabh Rakeshbhai Shah was appointed as Director on 02 Jun 2025.
Appointed
Rushabh Rakeshbhai Shah was appointed as Director.
Charges
A charge registered on 06 Jan 2021 via Charge ID 100415584 with Hdfc Bank Limited was fully satisfied on 27 Feb 2025.
Charges
A charge with Others amounted to Rs. 2.25 Cr with Charge ID 101032498 was registered on 28 Oct 2024.
AGM
Kanchan Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 20 Sep 1999 via Charge ID 90110018 with Bank Of India was fully satisfied on 03 Apr 2024.
Charges
A charge registered on 16 Aug 1996 via Charge ID 90112325 with Bank Of India was fully satisfied on 03 Apr 2024.
Charges
A charge registered on 16 Aug 1996 via Charge ID 90109468 with Bank Of India was fully satisfied on 03 Apr 2024.
Filing
Kanchan Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.27 Cr with Charge ID 100633748 was registered on 01 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100415584 was registered on 06 Jan 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 04 Nov 2019 with Charge ID 100301007 was modified on 17 Dec 2019.
Charges
A charge registered on 02 Apr 2018 via Charge ID 100166297 with Others was fully satisfied on 04 Dec 2019.
24 earlier events are in the company report.
Frequently asked questions
Kanchan Pharma is an active private limited company based in Ahmedabad, Gujarat, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 16 October 1990 (36+ years old) and is registered under CIN U24232GJ1990PTC014539.
Kanchan Pharma has 5 current directors:
- Rushabh Rakeshbhai Shah - Director
- Mona Jitendrakumar Shah - Director
- Rakesh Bhikhalal Shah - Director
- Bhikhalal Chimanlal Shah - Director
- Rushika Shah - Director
The latest financial statements of Kanchan Pharma on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kanchan Pharma is 27AABCK6444J1ZC, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 33AABCK6444J1ZJ (Tamil Nadu), 22AABCK6444J1ZM (Chhattisgarh), 10AABCK6444J1ZR (Bihar).
The CIN (Corporate Identification Number) of Kanchan Pharma is U24232GJ1990PTC014539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanchan Pharma has 39 court cases on record: 18 filed by the company and 21 filed against it. 21 are pending. Most are in the district courts.
Kanchan Pharma was incorporated on 16 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kanchan Pharma has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.1 Cr; the latest was in March 2009.
Rushabh Rakeshbhai Shah was appointed as Director on 02 Jun 2025. Rushika Shah ceased to be Additional Director on 29 Sep 2018. Rushika Shah was appointed as Director on 16 Apr 2018. Kanchan Pharma has 10 board changes on record in total.
Kanchan Pharma has 4 MSME Form 1 returns on record between 2014 and 2020, listing 30 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Mar 2021.
Kanchan Pharma can be reached through the website kanchanpharma.com. Its registered office is in Ahmedabad, Gujarat, India.
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