Lambda Therapeutic Research Limited

Lambda Therapeutic Research Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U24236GJ1998PLC034883 Incorporated 27 October 1998 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company pharma
Data last updated
Revenue · FY 2025
₹831.25 Cr
▲ 18% YoY
Net profit · FY 2025
₹201.06 Cr
Net margin 24.2%
EBITDA · FY 2025
₹283.26 Cr
EBITDA margin 34.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.16 Cr
Issued & subscribed
Open charges
₹22 Cr
Satisfied ₹281.49 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
987
Provident fund records

About Lambda Therapeutic Research Limited

Data last updated:

Lambda Therapeutic Research Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 27 October 1998 and has been in existence for over 28 years.

Its director Binish Hasmukh Chudgar and family are #197 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24236GJ1998PLC034883. Its GSTIN is 24AAACL4089R1ZX (Gujarat). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.16 Cr. It was formerly known as Lambda Therapeutic Research Private Limited. It is led by directors including Bindi Binish Chudgar (Managing Director) and Melarkode Subbaraman Ramakrishnan (Whole-Time Director).

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 Ahmedabad, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹831.25 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹201.06 Cr (net margin 24.2%) and EBITDA of ₹283.26 Cr (EBITDA margin 34.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.

The company has about 987 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Lambda Therapeutic. As per MCA filings, the company has open charges of ₹22 Cr and satisfied charges of ₹281.49 Cr on record. Court records list 27 cases involving the company, including 17 filed by the company and 10 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in April 2009. Its 3 peer companies in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development) are compared by revenue, 3 smaller; the largest is Icon Clinical Research India Private Limited with revenue of ₹816.1 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lambda-cro.com.

Company details

CIN U24236GJ1998PLC034883
Registration Number 034883
Incorporation Date 27 October 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Bindi Binish Chudgar Managing Director Melarkode Subbaraman Ramakrishnan Whole-Time Director Surender Tuteja Kumar Director

Recognitions & Rankings of Lambda Therapeutic Research

Contact details

Lambda Therapeutic Research Limited's registered office is in Ahmedabad, Gujarat. Its website is lambda-cro.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    lambda-cro.com
  • Social Media
  • Registered Address
    Lambda House Plot No. 38 Survey No. 388 Near Silver Oak Club Off S.G. Highway, Gota, Ahmedabad, Gujarat, India – 382481
  • Industry
    Pharma, Pharma Contract R&D

To see the full contact details of Lambda Therapeutic Research Limited, buy the company report.

Comprehensive company report
Lambda Therapeutic Research 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Lambda Therapeutic Research operates one associated brand: Lambda Therapeutic. Each brand links to its own profile.

BrandDescriptionWebsite
Lambda Therapeutic
CRO with operations in India, US, Poland, Canada and UK. Winner of Frost & Sullivan 'CRO of the Year' - 2010lambda-cro.com

Business activity

The main business activity of Lambda Therapeutic Research is professional, scientific and technical. In detail, this covers scientific research and development.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM5Scientific research and development

To see the full business activity and turnover split of Lambda Therapeutic Research Limited, buy the company report.

Financials of Lambda Therapeutic Research Limited

FY 2025 filings available

Lambda Therapeutic Research Limited reported revenue of ₹831.25 Cr (up 18% YoY) for FY 2025.

Revenue · FY 2025
₹831.25 Cr ▲ 18%
Net profit · FY 2025
₹201.06 Cr margin 24.2%
EBITDA · FY 2025
₹283.26 Cr margin 34.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 9%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 8%
5 years · compounded
▲ 30%

Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 18% growth in the latest year. EBITDA rose 24% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹283.26 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹201.06 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin34.1%
Net Profit Margin24.2%
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

To see the full financial statements and ratios of Lambda Therapeutic Research Limited, buy the company report.

Board of directors of Lambda Therapeutic Research Limited

Lambda Therapeutic Research has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bindi Binish Chudgar
Also directs: Jina Lifesciences Private Limited, Accord Healthcare Limited, Jina Pharmaceuticals Limited. and 5 more
Managing Director06 Feb 200620 Years 8 MonthsCurrent
Surender Tuteja Kumar
Also directs: Red Carpet Living LLP, Nisus Finance Services Co Limited, T Bhimjyani Warehousing Cold Chain Private Limited and 5 more
Director04 Jul 20233 Years 3 MonthsCurrent
Nikur Dilipkumar Mody
Also directs: Lambda Clinical Services Limited, Astron Tours and Travels Private Limited, SRM Creators LLP and 3 more
Director16 Oct 201412 Years 0 MonthsCurrent
Binish Hasmukh Chudgar
Also directs: Jina Lifesciences Private Limited, Accord Healthcare Limited, Jina Pharmaceuticals Limited. and 5 more
Director27 Oct 199828 Years 0 MonthsCurrent
Rikin Dilipbhai Mody
Also directs: Lambda Clinical Services Limited, Astron Tours and Travels Private Limited, SRM Creators LLP and 5 more
Director14 Apr 200917 Years 6 MonthsCurrent
Tilokchand Punamchand Ostwal
Also directs: T.P.Ostwal & Associates LLP, T P Ostwal Maheshwari & Associates LLP, Polycab India Limited and 5 more
Director11 Jul 20251 Years 3 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Lambda Therapeutic Research Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Lambda Therapeutic Research Limitedthis company₹831.25 Cr (FY 2025)₹201.06 Cr24.2%18.0%987Ahmedabad, Gujarat, India
Icon Clinical Research India Private Limited₹816.1 Cr (FY 2025)28.0%Chennai, Tamil Nadu, India
Aurigene Pharmaceutical Services Limited₹644.99 Cr (FY 2025)44.0%Bangalore, Karnataka, India
Cliantha Research Limited₹630.84 Cr (FY 2025)2.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Lambda Therapeutic Research Limited, buy the company report.

Auditor

Lambda Therapeutic Research Limited is audited by S R B C & CO LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S R B C & CO LLPFY 2023324982E

Shareholding

The shareholding of Lambda Therapeutic Research 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 categoryFY 2023FY 2021FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Lambda Therapeutic Research Limited, buy the company report.

Charges & borrowings

Open charges
₹22 Cr
Satisfied charges
₹281.49 Cr
Breakdown by lending institutions
Others₹17.00 Cr
Standard Chartered Bank₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Jan 200910139141Others₹5 CrOpen
11 Apr 200810097429Standard Chartered Bank₹5 CrOpen
02 Sep 200490099890Others₹12 CrOpen
25 Apr 201310426949Axis Bank Limited₹78.5 CrSatisfied
24 Dec 200910200863Idbi Bank Limited₹5 CrSatisfied

To see the full charge records of Lambda Therapeutic Research Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Lambda Therapeutic Research Limited has 1 deal on record (1 secondary share transfer); the latest was in April 2009.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Apr 2009Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Lambda Therapeutic Research Limited was last rated by Care on 07 Dec 2021.

Rating agencyRated onRating
Care07 Dec 2021

To see the full credit ratings and regulatory alerts of Lambda Therapeutic Research Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Lambda Therapeutic Research Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Lambda Therapeutic Research has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Lambda Clinical Services LimitedU28113GJ2016PLC085706

To see the full group structure of Lambda Therapeutic Research Limited, buy the company report.

Employees & EPFO

Lambda Therapeutic Research Limited has a workforce of 987 employees on its EPFO records as of Nov 04, 2024, across 1 active EPFO establishment.

Employee count
987
Active EPFO establishments
1
Employee growth
3.79%

GST

Lambda Therapeutic Research has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACL4089R1ZXGujaratActive01 Jul 2017
27AAACL4089R1ZRMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Lambda Therapeutic Research Limited, buy the company report.

Recent activity

Lambda Therapeutic Research Limited has 17 board changes on record since 1998: 7 appointments and 10 cessations. The latest: Melarkode Subbaraman Ramakrishnan was appointed as Whole-Time Director on 29 Nov 2025.

Appointed
Melarkode Subbaraman Ramakrishnan was appointed as Whole-Time Director.
AGM
Lambda Therapeutic Research Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Tilokchand Punamchand Ostwal ceased to be Additional Director.
Appointed
Tilokchand Punamchand Ostwal was appointed as Director.
Filing
Lambda Therapeutic Research Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bindi Binish Chudgar ceased to be Whole-Time Director.
Ceased
Piyush Jashawantlal Shah ceased to be Director.
Ceased
Surender Tuteja Kumar ceased to be Additional Director.
Appointed
Surender Tuteja Kumar was appointed as Director.
Charges
A charge registered on 25 Apr 2013 via Charge ID 10426949 with Axis Bank Limited was fully satisfied on 26 May 2021.
Charges
A charge registered on 24 Dec 2009 via Charge ID 10200863 with Idbi Bank Limited was fully satisfied on 17 Sep 2018.
Charges
A charge with Others of Rs. 5.00 Cr registered on 01 Jan 2009 with Charge ID 10139141 was modified on 04 Aug 2016.

34 earlier events are in the company report.

News

Frequently asked questions

Lambda Therapeutic Research is an active public limited company based in Ahmedabad, Gujarat, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 27 October 1998 (28+ years old) and is registered under CIN U24236GJ1998PLC034883.

Lambda Therapeutic Research has 7 current directors:

The latest financial statements of Lambda Therapeutic Research 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 2015 are in the company report.

The GSTIN of Lambda Therapeutic Research is 24AAACL4089R1ZX, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACL4089R1ZR (Maharashtra).

The CIN (Corporate Identification Number) of Lambda Therapeutic Research is U24236GJ1998PLC034883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Lambda Therapeutic Research has 27 court cases on record: 17 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.

Lambda Therapeutic Research was incorporated on 27 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Lambda Therapeutic Research has 1 deal on record (1 secondary share transfer); the latest was in April 2009.

The peers of Lambda Therapeutic Research by revenue are Icon Clinical Research India Private Limited, Aurigene Pharmaceutical Services Limited, Cliantha Research Limited, all in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development).

Melarkode Subbaraman Ramakrishnan was appointed as Whole-Time Director on 29 Nov 2025. Tilokchand Punamchand Ostwal ceased to be Additional Director on 29 Sep 2025. Tilokchand Punamchand Ostwal was appointed as Director on 11 Jul 2025. Lambda Therapeutic Research has 17 board changes on record in total.

Lambda Therapeutic Research can be reached through the website lambda-cro.com. Its registered office is in Ahmedabad, Gujarat, India.