MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0012426
Karvy Therapeutics Pvt Ltd - chemicals and materials in Haripar Pal, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹14.05 Cr
▼ 26% YoY
Net loss · FY 2026
₹2.37 Cr
Net margin -16.9%
EBITDA · FY 2026
₹1.64 Cr
EBITDA margin 11.7%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹21.87 Cr
Satisfied ₹23.35 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
11
Provident fund records
About Karvy Therapeutics Pvt Ltd
Data last updated:
Karvy Therapeutics Pvt Ltd is a private limited company based in Haripar Pal, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 24 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1989PTC011930. Its GSTIN is 24AAACK8880F1ZG (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Charmy Therapeutic and Chemicals Private Limited and Charmy Therapeutics and Chemicals Private Limited. It is led by directors including Parag Jagdish Kothari and Hem Parag Kothari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No. 29 Kalawad Road Tal. Lodhika Dist. Rajkot, Haripar Pal, Gujarat, India – 360005.
As per the financials filed for FY 2026, the company reported a revenue of ₹14.05 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹2.37 Cr (net margin -16.9%) and EBITDA of ₹1.64 Cr (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 4% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.87 Cr and satisfied charges of ₹23.35 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Karvy Therapeutics Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0012426). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvyind.com.
Company details
CIN U24231GJ1989PTC011930
Registration Number 011930
Incorporation Date 24 February 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0012426
Name history
Karvy Therapeutics has undergone 2 name changes throughout its history. The company was previously known as Charmy Therapeutic And Chemicals Private Limited, and Charmy Therapeutics And Chemicals Private Limited. The current legal name is Karvy Therapeutics Pvt Ltd.
| Company Name | Status |
|---|---|
| Karvy Therapeutics Pvt Ltd | Current |
| Charmy Therapeutic And Chemicals Private Limited | Previous |
| Charmy Therapeutics And Chemicals Private Limited | Previous |
Key People
Parag Jagdish Kothari Director Hem Parag Kothari Director Jagdish Raichand Kothari Director Recognitions & Rankings of Karvy Therapeutics
Contact details
Karvy Therapeutics Pvt Ltd's registered office is in Haripar Pal, Gujarat. Its website is karvyind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 29 Kalawad Road Tal. Lodhika Dist. Rajkot, Haripar Pal, Gujarat, India – 360005
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Karvy Therapeutics Pvt Ltd, buy the company report.
Comprehensive company report
Karvy Therapeutics Pvt Ltd - 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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Business activity
The main business activity of Karvy Therapeutics is manufacturing. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
To see the full business activity and turnover split of Karvy Therapeutics Pvt Ltd, buy the company report.
Financials of Karvy Therapeutics Pvt Ltd
FY 2026 filings availableKarvy Therapeutics Pvt Ltd reported revenue of ₹14.05 Cr (down 26% YoY) for FY 2026.
Revenue · FY 2026
₹14.05 Cr ▼ 26%
Net loss · FY 2026
₹2.37 Cr margin -16.9%
EBITDA · FY 2026
₹1.64 Cr margin 11.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 13%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 36%
3 years · compounded
▼ 31%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 26% fall in the latest year. EBITDA fell 36% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.37 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | -16.9% | ||||
| 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 Karvy Therapeutics Pvt Ltd, buy the company report.
Board of directors of Karvy Therapeutics Pvt Ltd
Karvy Therapeutics has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Jagdish Kothari | Director | 24 Feb 1989 | 37 Years 8 Months | Current |
| Hem Parag Kothari Also directs: Proveca International Limited Liability Partnership | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Jagdish Raichand Kothari | Director | 10 Oct 2002 | 24 Years 1 Months | Current |
| Shilpa Parag Kothari Also directs: Proveca International Limited Liability Partnership | Director | 30 Mar 2007 | 19 Years 7 Months | Current |
Auditor
Karvy Therapeutics Pvt Ltd is audited by B. A. SHAH ASSOCIATES for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. A. SHAH ASSOCIATES | FY 2026 | 034222 |
Shareholding
The shareholding of Karvy Therapeutics Pvt Ltd is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Therapeutics Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹21.87 Cr
Satisfied charges
₹23.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2025 | 101103537 | Hdfc Bank Limited | ₹17.68 Lakh | Open | |
| 10 Oct 2022 | 100625326 | Hdfc Bank Limited | ₹10.32 Lakh | Open | |
| 25 Nov 2021 | 100510540 | Hdfc Bank Limited | ₹21.57 Lakh | Open | |
| 14 Jun 2017 | 100105080 | Others | ₹21.38 Cr | Open | |
| 15 Nov 2021 | 100510229 | Hdfc Bank Limited | ₹18.63 Lakh | Satisfied |
To see the full charge records of Karvy Therapeutics Pvt Ltd, buy the company report.
Total charge records: 13 View all charges
Legal cases
Karvy Therapeutics Pvt Ltd has 1 court case on record: 1 filed by Karvy Therapeutics. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
To see the full case history of Karvy Therapeutics 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.
Credit ratings & regulatory alerts
Karvy Therapeutics Pvt Ltd was last rated by Icra on 09 Sep 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Sep 2015 |
To see the full credit ratings and regulatory alerts of Karvy Therapeutics Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karvy Therapeutics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karvy Therapeutics Pvt Ltd has a workforce of 11 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
GST
Karvy Therapeutics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK8880F1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Therapeutics Pvt Ltd, buy the company report.
Recent activity
Karvy Therapeutics Pvt Ltd has 7 board changes on record since 1989: 4 appointments and 3 cessations. The latest: Hem Parag Kothari was appointed as Director on 01 Apr 2025.
Filing
Karvy Therapeutics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Karvy Therapeutics Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 21.38 Cr registered on 14 Jun 2017 with Charge ID 100105080 was modified on 19 Jul 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101103537 was registered on 02 Jun 2025.
Appointed
Hem Parag Kothari was appointed as Director.
Charges
A charge registered on 15 Nov 2021 via Charge ID 100510229 with Hdfc Bank Limited was fully satisfied on 07 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100625326 was registered on 10 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 100510540 was registered on 25 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100510229 was registered on 15 Nov 2021.
Charges
A charge registered on 01 Oct 2003 via Charge ID 90110624 with Bank Of India was fully satisfied on 29 Nov 2018.
Charges
A charge registered on 18 Feb 2002 via Charge ID 90111622 with Bank Of India was fully satisfied on 29 Nov 2018.
Charges
A charge with Others amounted to Rs. 21.38 Cr with Charge ID 100105080 was registered on 14 Jun 2017.
26 earlier events are in the company report.
Frequently asked questions
Karvy Therapeutics is an active private limited company based in Haripar Pal, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 24 February 1989 (37+ years old) and is registered under CIN U24231GJ1989PTC011930.
Karvy Therapeutics has 4 current directors:
- Parag Jagdish Kothari - Director
- Hem Parag Kothari - Director
- Jagdish Raichand Kothari - Director
- Shilpa Parag Kothari - Director
The latest financial statements of Karvy Therapeutics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karvy Therapeutics is 24AAACK8880F1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Karvy Therapeutics is U24231GJ1989PTC011930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Therapeutics has 1 court case on record: 1 filed by the company.
Karvy Therapeutics was incorporated on 24 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hem Parag Kothari was appointed as Director on 01 Apr 2025. Jagdish Raichand Kothari ceased to be Director on 28 Apr 2017. Parag Jagdish Kothari ceased to be Director on 28 Apr 2017. Karvy Therapeutics has 7 board changes on record in total.
Yes, Karvy Therapeutics is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0012426).
Karvy Therapeutics can be reached through the website karvyind.com. Its registered office is in Haripar Pal, Gujarat, India.
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