About Kinvan Private Limited
Data last updated:
Kinvan Private Limited is a private limited company based in Solan, Himachal Pradesh, India, recognised as a startup by DPIIT. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 10 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U24100HP2020PTC011851. Its GSTIN is 02AAICK3616K1ZN (Himachal Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹410 Cr and a paid-up capital of ₹223.55 Cr. It is led by directors Devang Manharlal Ajmera and Sahebrao Sukhdeo Khilari.
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 Solan, Himachal Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹135.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹47.35 Cr (net margin -34.8%) and EBITDA of ₹26.8 Cr (EBITDA margin 19.7%).
The company has about 301 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: DPB Group and Kinvan. As per MCA filings, the company has open charges of ₹181 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dpbpharma.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.1 Industrial Area, Plassara Tehsil Nalagarh, Solan, Himachal Pradesh, India – 174101
- IndustryPharma, API Manufacturers
- 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 Kinvan Private Limited
The main business activity of Kinvan is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Kinvan Private Limited FY 2024 filings available
Kinvan Private Limited reported revenue of ₹135.98 Cr (up 11959% YoY) for FY 2025.
Financial Statement Summary of Kinvan 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 | ₹26.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹47.35 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 of Kinvan Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -34.8% | •••• | •••• | •••• | •••• |
| 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 Kinvan are in the company report.
Financial statements from FY 2021
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 Kinvan Private Limited
Kinvan Private Limited is compared with the companies closest to it by revenue in the Pharma industry (API Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Silicon Life Sciences Private Limited | ₹139.2 Cr (FY 2020) | •••• | •••• | 31.0% | •••• | Hyderabad, Telangana, India |
| Satyadeeptha Pharmaceuticals Limited | ₹138.74 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Humnabad, Karnataka, India |
| Atul Bioscience Limited | ₹136.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Atul, Gujarat, India |
| Lasa Laboratory Private Limited | ₹136.67 Cr (FY 2016) | •••• | •••• | 92.0% | •••• | Badlapur, Maharashtra, India |
| Corvine Chemicals and Pharmaceuticals Private Limited | ₹136.26 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bidar, Karnataka, India |
| Kinvan Private Limited this company | ₹135.98 Cr (FY 2025) | •••• | •••• | 11959.0% | •••• | Solan, Himachal Pradesh, India |
| Fleming Laboratories Limited | ₹135.89 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Telangana, India |
| R.N. Laboratories Private Limited | ₹135.13 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Alkaloids Pvt Ltd. | ₹134.62 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Hyderabad, Telangana, India |
| Cytobiologics Private Limited | ₹134.03 Cr (FY 2024) | •••• | •••• | 347.0% | •••• | Patancheru, Telangana, India |
| Maithri Drugs Private Limited | ₹131.9 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Kinvan by revenue in the Pharma industry (API Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Kinvan Private Limited
Kinvan Private Limited is audited by Khurana Vineeet & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Khurana Vineeet & 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 Kinvan Private Limited
Kinvan has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devang Manharlal Ajmera | Director | 10 Oct 2020 | 6 Years 0 Months | Current |
| Sahebrao Sukhdeo Khilari | Director | 10 Nov 2021 | 4 Years 11 Months | Current |
Ownership and Shareholding of Kinvan 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 Kinvan Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Apr 2025 | Yes Bank Limited | ₹10 Cr | Open |
| 20 Mar 2023 | Yes Bank Limited | ₹65 Cr | Open |
| 22 Sep 2022 | Hdfc Bank Limited | ₹106 Cr | Open |
Total charge records: 3 View all charges
Legal Cases of Kinvan Private Limited
Kinvan Private Limited has 7 court cases on record: 1 filed by Kinvan, 2 filed against it, 4 where it is another party. 2 cases are pending and 5 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Arbitration matter | Company is another party | Pending |
| District court, SAS Nagar, Punjab | Criminal miscellaneous application | Filed by the company against State of Punjab | Pending |
| District court, Solan, Himachal Pradesh | Court case (Local And Special Laws Act) | Filed against the company by State of HP | Disposed |
| District court, Solan, Himachal Pradesh | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Himachal Pradesh | Writ petition | Company is another party | Disposed |
Full case history
All 7 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 Kinvan Private Limited
Kinvan operates two associated brands: DPB Group and Kinvan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| DPB Group is engaged in manufacturing pharmaceutical APIs in India. | dpbpharma.com | |
| Manufactures fermentation-based pharmaceutical products for antibiotic resistance. | kinvan.co.in |
Employees and EPFO Compliance at Kinvan Private Limited
Kinvan Private Limited has a workforce of 301 employees as of Dec 27, 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.
CIN History of Kinvan Private Limited
Kinvan has one previous CIN (Corporate Identification Number): U24100MH2020PTC347604. The current CIN is U24100HP2020PTC011851, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100HP2020PTC011851 | Current |
| U24100MH2020PTC347604 | Previous |
Recent Activity on Kinvan Private Limited
Kinvan Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Bhavin Manharlal Ajmera ceased to be Director on 08 Aug 2024.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kinvan 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 Kinvan 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 Kinvan 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 Kinvan Private Limited
Kinvan has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAICK3616K1ZN | Himachal Pradesh | Active | 29 Jul 2021 |
| 27AAICK3616K1ZB | Maharashtra | Active | 26 Nov 2020 |
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 Kinvan 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 Kinvan Private Limited
Kinvan is an active private limited company based in Solan, Himachal Pradesh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 10 October 2020 (6+ years old) and is registered under CIN U24100HP2020PTC011851.
Kinvan reported revenue of ₹135.98 Cr for FY 2025 (up 11959% YoY).
Kinvan has 2 current directors:
- Devang Manharlal Ajmera - Director
- Sahebrao Sukhdeo Khilari - Director
Kinvan reported a net loss of ₹47.35 Cr (net margin -34.8%) and EBITDA of ₹26.8 Cr (EBITDA margin 19.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Kinvan is 02AAICK3616K1ZN, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAICK3616K1ZB (Maharashtra).
The CIN (Corporate Identification Number) of Kinvan is U24100HP2020PTC011851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kinvan has 7 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Kinvan was incorporated on 10 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of Kinvan by revenue are Silicon Life Sciences Private Limited, Satyadeeptha Pharmaceuticals Limited, Atul Bioscience Limited, Lasa Laboratory Private Limited, Corvine Chemicals and Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (API Manufacturers).
Bhavin Manharlal Ajmera ceased to be Director on 08 Aug 2024. Piyush Manharlal Ajmera ceased to be Director on 08 Aug 2024. Aayush Sahebrao Khilari ceased to be Additional Director on 10 Nov 2021. Kinvan has 6 board changes on record in total.
Yes, Kinvan is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).