About Kashmik Formulation Private Limited
Data last updated:
Kashmik Formulation Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 11 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24239GJ2017PTC095077. Its GSTIN is 24AAFCN5830K1ZD (Gujarat).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.78 Cr. It was formerly known as Nectarlife Care Private Limited. It is led by directors Mahadevbhai Naranbhai Patel and Nileshkumar Mahadevbhai Patel.
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 403 Shilp Aperia Nr Landmark Hotel Iscon Ambli Road Bodakdev, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.93 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹48.74 Lakh (net margin 1.2%) and EBITDA of ₹5.08 Cr (EBITDA margin 12.4%). Revenue has grown at a compounded annual rate (CAGR) of 178% over three years and 197% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kashmik. As per MCA filings, the company has open charges of ₹26.7 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it; 8 cases are pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in January 2023. Its 10 peer companies in the same principal business activity (Wholesale Trading) are compared by revenue, 5 larger and 5 smaller; the largest is Puyang Refractories Group Company India Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kashmikformulation.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address403 Shilp Aperia Nr Landmark Hotel Iscon Ambli Road Bodakdev, Ahmedabad, Gujarat, India – 380052
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Kashmik Formulation Private Limited
The main business activity of Kashmik Formulation is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Kashmik Formulation Private Limited FY 2024 filings available
Kashmik Formulation Private Limited reported revenue of ₹40.93 Cr (up 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Kashmik Formulation Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 197% over five years, including 96% growth in the latest year. EBITDA fell 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 of Kashmik Formulation Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.74 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 of Kashmik Formulation Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Kashmik Formulation are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Kashmik Formulation Private Limited
Kashmik Formulation Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Puyang Refractories Group Company India Private Limited | •••• | •••• | •••• | •••• | 58 | Kolkata, West Bengal, India |
| Daasarathy Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Kumbakonam, Tamil Nadu, India |
| Tripada Healthcare Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Anand Utilities Private Limited | •••• | •••• | •••• | •••• | - | Jamshedpur, Jharkhand, India |
| Marica Agronomics Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Kashmik Formulation Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Psychocare Health Private Limited | •••• | •••• | •••• | •••• | - | S.A.S.Nagar (Mohali), Punjab, India |
| Seaconvert Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Goyal Ispat India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| D M Gattani Sons Private Limited | •••• | •••• | •••• | •••• | - | Janjgir, Chattisgarh, India |
| Swati Mining Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Kashmik Formulation by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Kashmik Formulation Private Limited
Kashmik Formulation Private Limited is audited by N Panchal And Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N Panchal And Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Kashmik Formulation Private Limited
Kashmik Formulation has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadevbhai Naranbhai Patel Also directs: Nectar Infrabuild Private Limited, Dhvija Investment Private Limited, Neerjani Fintech Private Limited and 1 more | Director | 11 Jan 2017 | 9 Years 8 Months | Current |
| Nileshkumar Mahadevbhai Patel Also directs: Nec Foods and Beverages Private Limited, Nect Life Pharma Private Limited, Nectar Infrabuild Private Limited and 5 more | Director | 11 Jan 2017 | 9 Years 8 Months | Current |
Ownership and Shareholding of Kashmik Formulation Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Kashmik Formulation Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2023 | State Bank of India | ₹8.4 Cr | Open |
| 16 Jun 2022 | State Bank of India | ₹20 Lakh | Open |
| 26 Feb 2021 | State Bank of India | ₹18.1 Cr | Open |
Total charge records: 3 View all charges
Deals & Funding of Kashmik Formulation Private Limited
Kashmik Formulation Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in January 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Rights issue | ₹5.28 Cr | Investors: 4 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Jun 2020 | Rights issue | ₹3.49 Cr | Investors: 4 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Kashmik Formulation Private Limited
Kashmik Formulation Private Limited has 15 court cases on record: 12 filed by Kashmik Formulation, 3 filed against it. 8 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 3 | 8 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Microlink Solutions Private Limited | Pending |
| Supreme Court | Special leave petition | Filed by the company against Nectar Biopharma Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Maruti Chemicals and Pharma | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 15 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Kashmik Formulation Private Limited
Kashmik Formulation operates one associated brand: Kashmik. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kashmik is a pharmaceutical contract manufacturer specializing in production services for the industry. | kashmikformulation.com |
Employees and EPFO Compliance at Kashmik Formulation Private Limited
Kashmik Formulation Private Limited has a workforce of 22 employees as of Feb 24, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Kashmik Formulation Private Limited
Kashmik Formulation Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Arunaben Mavjibhai Rajpara ceased to be Director on 31 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Kashmik Formulation Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Kashmik Formulation Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Kashmik Formulation Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Kashmik Formulation Private Limited
Kashmik Formulation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCN5830K1ZD | Gujarat | Active | 08 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Kashmik Formulation Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Kashmik Formulation Private Limited
Kashmik Formulation is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 11 January 2017 (9+ years old) and is registered under CIN U24239GJ2017PTC095077.
Kashmik Formulation reported revenue of ₹40.93 Cr for FY 2025 (up 96% YoY).
Kashmik Formulation has 2 current directors:
- Mahadevbhai Naranbhai Patel - Director
- Nileshkumar Mahadevbhai Patel - Director
Kashmik Formulation reported a net profit of ₹48.74 Lakh (net margin 1.2%) and EBITDA of ₹5.08 Cr (EBITDA margin 12.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kashmik Formulation is 178% over three years and 197% over five years. In the latest year (FY 2025) revenue rose 96%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kashmik Formulation is 24AAFCN5830K1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Kashmik Formulation is U24239GJ2017PTC095077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kashmik Formulation has 15 court cases on record: 12 filed by the company and 3 filed against it. 8 are pending. Most are in the district courts.
Kashmik Formulation was incorporated on 11 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kashmik Formulation has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in January 2023.
The peers of Kashmik Formulation by revenue are Puyang Refractories Group Company India Private Limited, Daasarathy Enterprises Private Limited, Tripada Healthcare Private Limited, Anand Utilities Private Limited, Marica Agronomics Private Limited and 5 more, all in the same principal business activity (Wholesale Trading).