India's Richest People 2026 edition · 1 director · Source: Hurun India
- #55 Manju D Gupta & family ₹50,000 Cr
Revenue · FY 2025
₹434.99 Cr
▲ 252% YoY
Net loss · FY 2025
₹108.78 Cr
Net margin -25%
EBITDA · FY 2025
-₹54.27 Cr
EBITDA margin -12.5%
Authorised capital
₹70 Cr
Registered with MCA
Paid-up capital
₹69.44 Cr
Issued & subscribed
Company age
3 yrs
Est. 2023
Employees · EPFO
717
Provident fund records
Directors on board
4
As per MCA filings
About Lupin Manufacturing Solutions Limited
Data last updated:
Lupin Manufacturing Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Lupin Limited. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 24 July 2023.
Its director Manju D Gupta and family are #55 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21001MH2023PLC407210. Its GSTIN is 27AAFCL4868F2Z7 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹69.44 Cr. It is led by directors including Sunil Makharia (Individual Subscriber) and Swaminathan Ramesh.
Its last annual general meeting (AGM) was held on 13 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹434.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹108.78 Cr (net margin -25%) and EBITDA of -₹54.27 Cr (EBITDA margin -12.5%).
The company has about 717 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹450 Cr; the latest was in January 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 87 overdue payments to 44 micro and small suppliers.
For more details, the company can be reached via its website lupin.com.
Company details
CIN U21001MH2023PLC407210
Registration Number 407210
Incorporation Date 24 July 2023
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Lupin Limited
Key People
Sunil Makharia Individual Subscriber Swaminathan Ramesh Director Nilesh Deshbandhu Gupta Director Recognitions & Rankings of Lupin Manufacturing Solutions
Contact details
Lupin Manufacturing Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is lupin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKalpataru Inspire 3 Floor, Off W. E. Highway, Mumbai, Maharashtra, India – 400055
- IndustryPharma, API Manufacturers
To see the full contact details of Lupin Manufacturing Solutions Limited, buy the company report.
Comprehensive company report
Lupin Manufacturing Solutions 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
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Business activity
The main business activity of Lupin Manufacturing Solutions 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 Lupin Manufacturing Solutions Limited, buy the company report.
Financials of Lupin Manufacturing Solutions Limited
FY 2026 filings availableLupin Manufacturing Solutions Limited reported revenue of ₹434.99 Cr (up 252% YoY) for FY 2025.
Revenue · FY 2025
₹434.99 Cr ▲ 252%
Net loss · FY 2025
₹108.78 Cr margin -25%
EBITDA · FY 2025
-₹54.27 Cr margin -12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 252%
EBITDA CAGR growth
1 year
▼ 250%
Revenue rose 252% in the latest year. EBITDA fell 250% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | -₹54.27 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹108.78 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 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -12.5% | |
| Net Profit Margin | -25% | |
| 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 Lupin Manufacturing Solutions Limited, buy the company report.
Board of directors of Lupin Manufacturing Solutions Limited
Lupin Manufacturing Solutions has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Makharia Also directs: Polynova Industries Limited, Lupin Investments Private Limited, Visiomed Investments Private Limited and 2 more | Individual Subscriber | 24 Jul 2023 | 3 Years 3 Months | Current |
| Swaminathan Ramesh | Director | 24 Jul 2023 | 3 Years 3 Months | Current |
| Nilesh Deshbandhu Gupta Also directs: Polynova Industries Limited, Lupin Investments Private Limited, Visiomed Investments Private Limited and 5 more | Director | 24 Jul 2023 | 3 Years 3 Months | Current |
| Manju Deshbandhu Gupta | Director | 28 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Lupin Manufacturing Solutions Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Lupin Manufacturing Solutions Limited is on record for FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Lupin Manufacturing Solutions Limited, buy the company report.
Deals & funding
Lupin Manufacturing Solutions Limited has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹450 Cr; the latest was in January 2024.
Total deals
1
Convertible or debt financing
1
Disclosed funding
₹450 Cr
To see the full deal history of Lupin Manufacturing Solutions 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
Lupin Manufacturing Solutions Limited has 2 court cases on record: 2 filed by Lupin Manufacturing Solutions. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Deputy Commissioner of Central Tax | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh and 2 others | Disposed |
To see the full case history of Lupin Manufacturing Solutions 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
Lupin Manufacturing Solutions Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 87 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kurundam Management Services Private Limited | |||
| SV Enviro Labs & Consultants | |||
| an individual supplier | |||
| an individual supplier | |||
| KVS Technologies |
To see the full MSME payment records of Lupin Manufacturing Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Lupin Manufacturing Solutions has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCL4868F2Z7 | Maharashtra | Active | 01 Oct 2023 |
| 27AAFCL4868F1Z8 | Maharashtra | Active | 25 Oct 2023 |
| 24AAFCL4868F1ZE | Gujarat | Active | 16 Oct 2023 |
| 37AAFCL4868F1Z7 | Andhra Pradesh | Active | 18 Oct 2023 |
To see the full GST registrations and return filing status of Lupin Manufacturing Solutions Limited, buy the company report.
Recent activity
Lupin Manufacturing Solutions Limited has 5 board changes on record since 2023: 4 appointments and 1 cessation. The latest: Naresh Kumar Gupta ceased to be Director on 31 Mar 2025.
AGM
Lupin Manufacturing Solutions Limited last Annual general meeting of members was held on 13 Aug 2026 as per latest MCA records.
Filing
Lupin Manufacturing Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Naresh Kumar Gupta ceased to be Director.
Appointed
Manju Deshbandhu Gupta was appointed as Director.
Appointed
Nilesh Deshbandhu Gupta was appointed as Director.
Appointed
Sunil Makharia was appointed as Individual Subscriber.
Appointed
Swaminathan Ramesh was appointed as Director.
Incorporation
24 Jul 2023
Lupin Manufacturing Solutions Limited was registered on 24 Jul 2023 with Roc Mumbai I & aged 3 years 3 months as per MCA records.
News
Frequently asked questions
Lupin Manufacturing Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 24 July 2023 (3+ years old) and is registered under CIN U21001MH2023PLC407210.
Lupin Manufacturing Solutions has 4 current directors:
- Swaminathan Ramesh - Director
- Nilesh Deshbandhu Gupta - Director
- Manju Deshbandhu Gupta - Director
- Sunil Makharia - Individual Subscriber
The latest financial statements of Lupin Manufacturing Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 13 August 2026. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Lupin Manufacturing Solutions is 27AAFCL4868F2Z7, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAFCL4868F1Z8 (Maharashtra), 24AAFCL4868F1ZE (Gujarat), 37AAFCL4868F1Z7 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Lupin Manufacturing Solutions is U21001MH2023PLC407210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lupin Manufacturing Solutions has 2 court cases on record: 2 filed by the company. 1 is pending.
Lupin Manufacturing Solutions was incorporated on 24 July 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Lupin Manufacturing Solutions has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹450 Cr; the latest was in January 2024.
Naresh Kumar Gupta ceased to be Director on 31 Mar 2025. Manju Deshbandhu Gupta was appointed as Director on 28 Mar 2025. Nilesh Deshbandhu Gupta was appointed as Director on 24 Jul 2023. Lupin Manufacturing Solutions has 5 board changes on record in total.
Lupin Manufacturing Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 87 overdue payments to 44 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Lupin Manufacturing Solutions can be reached through the website lupin.com. Its registered office is in Mumbai, Maharashtra, India.
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