About Mahrshee Laboratories Private Limited
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Mahrshee Laboratories Private Limited is a private limited company based in Panoli, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 19 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1998PTC034549. Its GSTIN is 24AABCM9228N1Z4 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹83.93 Lakh. It is led by directors including Mukeshkumar Dahyabhai Patel and Vinubhai Mohanbhai Dobaria.
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 3014 – 3015 GIDC Phase – – 3, Panoli, Gujarat, India – 394116.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.56 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.51 Cr (net margin 4.4%) and EBITDA of ₹2.96 Cr (EBITDA margin 8.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahrshee Laboratories. As per MCA filings, the company has open charges of ₹9 Cr and satisfied charges of ₹3.2 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mahrsheelab.com.
Company details
Contact details
Mahrshee Laboratories Private Limited's registered office is in Panoli, Gujarat. Its website is mahrsheelab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3014 – 3015 GIDC Phase – – 3, Panoli, Gujarat, India – 394116
- IndustryPharma, API Manufacturers
To see the full contact details of Mahrshee Laboratories Private Limited, buy the company report.
- 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
Mahrshee Laboratories operates one associated brand: Mahrshee Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of bulk drugs, drug intermediates, and speciality chemicals in India. | mahrsheelab.com |
Business activity
The main business activity of Mahrshee Laboratories is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Mahrshee Laboratories Private Limited, buy the company report.
Financials of Mahrshee Laboratories Private Limited
FY 2024 filings availableMahrshee Laboratories Private Limited reported revenue of ₹34.56 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 8% fall in the latest year. EBITDA fell 30% 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 |
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| EBITDA | ₹2.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.51 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 | 8.6% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mahrshee Laboratories Private Limited, buy the company report.
Board of directors of Mahrshee Laboratories Private Limited
Mahrshee Laboratories has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukeshkumar Dahyabhai Patel | Director | 11 Dec 2000 | 25 Years 10 Months | Current |
| Vinubhai Mohanbhai Dobaria | Director | 19 Aug 1998 | 28 Years 2 Months | Current |
| Jayantibhai Gangjibhai Patel | Director | 19 Nov 1998 | 27 Years 11 Months | Current |
Peer comparison
Mahrshee Laboratories Private Limited is compared with the 10 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chemox Pharma Private Limited | ₹35.85 Cr (FY 2025) | 177.0% | Bharuch, Gujarat, India | |||
| Neoloba Specialty Private Limited | ₹35.84 Cr (FY 2025) | -62.0% | Dombivli, Maharashtra, India | |||
| Yojana Organics Private Limited | ₹35.61 Cr (FY 2025) | 12.0% | Ratnagiri, Maharashtra, India | |||
| Deft Organics Limited | ₹35.14 Cr (FY 2025) | -37.0% | Morar, Madhya Pradesh, India | |||
| Micro Molecules Private Limited | ₹34.7 Cr (FY 2025) | 61.0% | Ameerpet, Hyderabad-16, Telangana, India | |||
| Mahrshee Laboratories Private Limitedthis company | ₹34.56 Cr (FY 2025) | ₹1.51 Cr | 4.4% | -8.0% | 22 | Panoli, Gujarat, India |
| Scoat Pharma Private Limited | ₹34.51 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India | |||
| V V L Pharma Private Limited | ₹34.25 Cr (FY 2025) | 34.0% | New Panvel, Maharashtra, India | |||
| Larson Pharma Private Limited | ₹33.93 Cr (FY 2025) | 23.0% | Hyderabad, Telangana, India | |||
| Mahalakshmi Laboratories Private Limited | ₹33.56 Cr (FY 2025) | -3.0% | Hyderabad, Andhra Pradesh, India | |||
| Aspen Biopharma Labs Private Limited | ₹33.52 Cr (FY 2022) | 161.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mahrshee Laboratories Private Limited, buy the company report.
Auditor
Mahrshee Laboratories Private Limited is audited by RAHULDEO & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHULDEO & CO | FY 2023 | 116167W |
Shareholding
The shareholding of Mahrshee Laboratories Private 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahrshee Laboratories Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2011 | 10321940 | Axis Bank Limited | ₹4.5 Cr | Open | |
| 05 Aug 2011 | 10302480 | Axis Bank Limited | ₹4.5 Cr | Open | |
| 23 Jun 2000 | 90113166 | Dena Bank | ₹50 Lakh | Satisfied | |
| 05 Jan 2000 | 90112557 | Dena Bank | ₹1.35 Cr | Satisfied | |
| 05 Jan 2000 | 90113162 | Dena Bank | ₹1.35 Cr | Satisfied |
To see the full charge records of Mahrshee Laboratories Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Mahrshee Laboratories Private Limited has 4 court cases on record: 2 filed by Mahrshee Laboratories, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by M/S Dinesh Pharmaceutical Pvt. Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Deputy Commissioner of Income Tax, Circle 2( and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Pollution Control Board | Disposed |
To see the full case history of Mahrshee Laboratories 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
Mahrshee Laboratories Private Limited has 2 MSME Form 1 returns on record between 2019 and 2022, listing 23 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dayaram Chemicals Private Limited | |||
| an individual supplier | |||
| Remik Trading Company Private Limited | |||
| Jalaram Chemicals |
To see the full MSME payment records of Mahrshee Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahrshee Laboratories Private Limited has a workforce of 22 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Mahrshee Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM9228N1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahrshee Laboratories Private Limited, buy the company report.
Recent activity
Mahrshee Laboratories Private Limited has 5 board changes on record since 1998: 3 appointments and 2 cessations. The latest: Parsottambhai Shambhubhai Patel ceased to be Director on 21 Mar 2020.
9 earlier events are in the company report.
Frequently asked questions
Mahrshee Laboratories is an active private limited company based in Panoli, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 19 August 1998 (28+ years old) and is registered under CIN U24231GJ1998PTC034549.
Mahrshee Laboratories has 3 current directors:
- Mukeshkumar Dahyabhai Patel - Director
- Vinubhai Mohanbhai Dobaria - Director
- Jayantibhai Gangjibhai Patel - Director
The latest financial statements of Mahrshee Laboratories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahrshee Laboratories is 24AABCM9228N1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahrshee Laboratories is U24231GJ1998PTC034549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahrshee Laboratories has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Mahrshee Laboratories was incorporated on 19 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mahrshee Laboratories by revenue are Chemox Pharma Private Limited, Neoloba Specialty Private Limited, Yojana Organics Private Limited, Deft Organics Limited, Micro Molecules Private Limited and 5 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Parsottambhai Shambhubhai Patel ceased to be Director on 21 Mar 2020. Rameshbhai Vallabhbhai Patel ceased to be Director on 16 Aug 2018. Mukeshkumar Dahyabhai Patel was appointed as Director on 11 Dec 2000. Mahrshee Laboratories has 5 board changes on record in total.
Mahrshee Laboratories has 2 MSME Form 1 returns on record between 2019 and 2022, listing 23 overdue payments to 20 micro and small suppliers. The latest return was filed on 25 Apr 2022.
Mahrshee Laboratories can be reached through the website mahrsheelab.com. Its registered office is in Panoli, Gujarat, India.
The registered office of Mahrshee Laboratories is at 3014 – 3015 GIDC Phase – – 3, Panoli, Gujarat, India – 394116.
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