About Kashiv Biosciences Private Limited
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Kashiv Biosciences Private Limited is a foreign private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Shivanka Research Llc. It operates in the biotechnology segment of the life sciences sector. It was incorporated on 29 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74995GJ2018FTC103064. Its GSTIN is 24AARCA0755C1ZX (Gujarat).
The company has an authorised share capital of ₹117 Cr and a paid-up capital of ₹99.05 Cr. It was formerly known as Adello Biologics Private Limited. It is led by directors including Sureshkumar Punambhai Patel and Chinubhai Chandubhai Patel.
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 27/2 & 43 Mauje Sarkhej At Building Block B Paiki Opp. Applewood Township Sarkhej, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2025, the company reported a revenue of ₹252.03 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹30.84 Cr (net margin 12.2%) and EBITDA of ₹65.86 Cr (EBITDA margin 26.1%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 57% over five years.
The company has about 164 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kashiv BioSciences. As per MCA filings, the company has open charges of ₹73.31 Lakh and satisfied charges of ₹648.4 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 7 deals on record (4 secondary share transfers, 3 rights issues); the latest was in April 2024. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 160 overdue payments to 75 micro and small suppliers.
For more details, the company can be reached via its website kashivbiosciences.com.
Company details
Contact details
Kashiv Biosciences Private Limited's registered office is in Ahmedabad, Gujarat. Its website is kashivbiosciences.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address27/2 & 43 Mauje Sarkhej At Building Block B Paiki Opp. Applewood Township Sarkhej, Ahmedabad, Gujarat, India – 382210
- IndustryLife Sciences, Biotechnology
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- 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
Brands
Kashiv Biosciences operates one associated brand: Kashiv BioSciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biosimilar medicines are developed through integrated biopharmaceutical operations. | kashivbiosciences.com |
Business activity
The main business activity of Kashiv Biosciences is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Kashiv Biosciences Private Limited, buy the company report.
Financials of Kashiv Biosciences Private Limited
FY 2025 filings availableKashiv Biosciences Private Limited reported revenue of ₹252.03 Cr (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 70% growth in the latest year. EBITDA rose 55% 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 | ₹252.03 Cr | ||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹65.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.84 Cr | ||||
| Balance Sheet | |||||
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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 | 26.1% | ||||
| Net Profit Margin | 12.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kashiv Biosciences Private Limited, buy the company report.
Board of directors of Kashiv Biosciences Private Limited
Kashiv Biosciences has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshkumar Punambhai Patel Also directs: Kayura Effect LLP, Shivanka Research Private Limited, Amneal Oncology Private Limited and 5 more | Director | 29 Jun 2018 | 8 Years 4 Months | Current |
| Chinubhai Chandubhai Patel Also directs: Shivanka Research Private Limited, Kashiv Research Private Limited | Director | 29 Sep 2020 | 6 Years 1 Months | Current |
| Sandeep Radhakisan Raktate Also directs: Amneal Oncology Private Limited, Amneal Pharmaceuticals Private Limited, Raks Pharma Private Limited and 3 more | Additional Director | 11 Aug 2026 | 0 Years 2 Months | Current |
| Rahul Maitra Also directs: Amneal Oncology Private Limited, Amneal Pharmaceuticals Private Limited, Raks Pharma Private Limited and 3 more | Additional Director | 11 Aug 2026 | 0 Years 2 Months | Current |
| Shekhar Ramachandran | Additional Director | 25 Aug 2026 | 0 Years 2 Months | Current |
Auditor
Kashiv Biosciences Private Limited is audited by CHANDULAL M. SHAH & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDULAL M. SHAH & COMPANY | FY 2023 | 101698W |
Shareholding
The shareholding of Kashiv Biosciences Private Limited is on record for 4 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 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Kashiv Biosciences Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2024 | 101032497 | Others | ₹73.31 Lakh | Open | |
| 10 Dec 2025 | 101199374 | Others | ₹648.4 Cr | Satisfied |
To see the full charge records of Kashiv Biosciences Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Kashiv Biosciences Private Limited has 7 deals on record (4 secondary share transfers, 3 rights issues); the latest was in April 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Rights issue | ₹41.62 Cr | Investors: Kashiv Biosciences LLC |
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Kashiv Biosciences LLC & Suresh Patel, Kashiv Biosciences LLC Seller: Shivanka Research Llc & Suresh Patel, Shivanka Research Llc |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Shivanka Research Llc & Suresh Patel, Shivanka Research Llc Seller: KI Pharamaceuticals LLC, KI Pharamaceuticals LLC & Suresh Patel |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: KI Pharamaceuticals LLC, KI Pharamaceuticals LLC & Suresh Patel Seller: Kashiv Biosciences Llc & Suresh Punambhai Patel, Kashiv Biosciences LLC |
| Apr 2019 | Rights issue | ₹29.32 Cr | Investors: Kashiv Biosciences LLC |
To see the full deal history of Kashiv Biosciences Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kashiv Biosciences Private Limited has 2 court cases on record: 2 filed by Kashiv Biosciences. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
To see the full case history of Kashiv Biosciences 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
Kashiv Biosciences Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 160 overdue payments to 75 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 75)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Agile Diagnostics | |||
| Ortiv-Q3 Research Private Limited | |||
| Inveniolife Technology Private Limited. | |||
| an individual supplier | |||
| Zelle Biotechnology Private Limited |
To see the full MSME payment records of Kashiv Biosciences Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Kashiv Biosciences Private Limited has a workforce of 164 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Kashiv Biosciences has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AARCA0755C1ZX | Gujarat | Active | 04 Dec 2018 |
To see the full GST registrations and return filing status of Kashiv Biosciences Private Limited, buy the company report.
Recent activity
Kashiv Biosciences Private Limited has 6 board changes on record since 2018: 5 appointments and 1 cessation. The latest: Shekhar Ramachandran was appointed as Additional Director on 25 Aug 2026.
Frequently asked questions
Kashiv Biosciences is an active foreign private limited company based in Ahmedabad, Gujarat, India. The company works in biotechnology, within the life sciences industry. It was incorporated on 29 June 2018 (8+ years old) and is registered under CIN U74995GJ2018FTC103064.
Kashiv Biosciences has 5 current directors:
- Sureshkumar Punambhai Patel - Director
- Chinubhai Chandubhai Patel - Director
- Sandeep Radhakisan Raktate - Additional Director
- Rahul Maitra - Additional Director
- Shekhar Ramachandran - Additional Director
The latest financial statements of Kashiv Biosciences 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 FY 2019 are in the company report.
The GSTIN of Kashiv Biosciences is 24AARCA0755C1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Kashiv Biosciences is U74995GJ2018FTC103064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kashiv Biosciences has 2 court cases on record: 2 filed by the company.
Kashiv Biosciences was incorporated on 29 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kashiv Biosciences has 7 deals on record (4 secondary share transfers, 3 rights issues); the latest was in April 2024.
Shekhar Ramachandran was appointed as Additional Director on 25 Aug 2026. Rahul Maitra was appointed as Additional Director on 11 Aug 2026. Sandeep Radhakisan Raktate was appointed as Additional Director on 11 Aug 2026. Kashiv Biosciences has 6 board changes on record in total.
Kashiv Biosciences has 11 MSME Form 1 returns on record between 2019 and 2023, listing 160 overdue payments to 75 micro and small suppliers. The latest return was filed on 24 Aug 2023.
Kashiv Biosciences can be reached through the website kashivbiosciences.com. Its registered office is in Ahmedabad, Gujarat, India.
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