Makeway Formulations Private Limited
About Makeway Formulations Private Limited
Data last updated:
Makeway Formulations Private Limited is a private limited company based in Bhubaneswar, Orissa, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 02 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U51100OR2016PTC025176. Its GSTIN is 21AAKCM3406B1Z6 (Odisha). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Satish Kumar Sahoo and Swarup Kumar Nayak.
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 Plot No – 541/9915 Khandagiri, Bhubaneswar, Orissa, India – 751030.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.38 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹49.19 Lakh (net margin 9.1%) and EBITDA of ₹71.2 Lakh (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 26% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No – 541/9915 Khandagiri, Bhubaneswar, Orissa, India – 751030
- 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 Makeway Formulations Private Limited
The main business activity of Makeway Formulations 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.
Auditor Details of Makeway Formulations Private Limited
Makeway Formulations Private Limited is audited by M K MOHAPATRA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M K MOHAPATRA & CO | 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 Makeway Formulations Private Limited
Makeway Formulations has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar Sahoo | Director | 11 Sep 2020 | 6 Years 0 Months | Current |
| Swarup Kumar Nayak Also directs: Odra Holidays Private Limited, Giselbert Private Limited | Director | 15 Oct 2024 | 1 Years 11 Months | Current |
| Smitarani Nayak Also directs: Odra Holidays Private Limited | Director | 02 May 2016 | 10 Years 5 Months | Current |
| Udaya Sankar Parida | Director | 15 Oct 2024 | 1 Years 11 Months | Current |
| Anand Kumar Bhagat | Director | 15 Oct 2024 | 1 Years 11 Months | Current |
Financials of Makeway Formulations Private Limited FY 2025 filings available
Makeway Formulations Private Limited reported revenue of ₹5.38 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Makeway Formulations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 4% growth in the latest year. EBITDA rose 14% 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 Makeway Formulations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹71.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹49.19 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 Makeway Formulations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.1% | •••• | •••• | •••• | •••• |
| 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 Makeway Formulations 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.
Ownership and Shareholding of Makeway Formulations 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 Makeway Formulations Private Limited
Makeway Formulations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Makeway Formulations Private Limited
Makeway Formulations Private Limited has a workforce of 43 employees as of Mar 31, 2024.
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.
GST Compliance of Makeway Formulations Private Limited
Makeway Formulations has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAKCM3406B1Z6 | Odisha | Active | 23 Nov 2017 |
| 04AAKCM3406B1Z2 | Chandigarh | Active | 02 May 2024 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Makeway Formulations 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 Makeway Formulations 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 Makeway Formulations 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.
MCA Filings & Documents of Makeway Formulations 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.
Recent Activity on Makeway Formulations Private Limited
Frequently Asked Questions about Makeway Formulations Private Limited
Makeway Formulations is an active private limited company based in Bhubaneswar, Orissa, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 02 May 2016 (10+ years old) and is registered under CIN U51100OR2016PTC025176.
Makeway Formulations reported revenue of ₹5.38 Cr for FY 2024 (up 4% YoY).
Makeway Formulations has 5 current directors:
- Satish Kumar Sahoo - Director
- Swarup Kumar Nayak - Director
- Smitarani Nayak - Director
- Udaya Sankar Parida - Director
- Anand Kumar Bhagat - Director
Makeway Formulations reported a net profit of ₹49.19 Lakh (net margin 9.1%) and EBITDA of ₹71.2 Lakh (EBITDA margin 13.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Makeway Formulations is 6% over three years and 26% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Makeway Formulations is 21AAKCM3406B1Z6, registered in Odisha. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 04AAKCM3406B1Z2 (Chandigarh).
The CIN (Corporate Identification Number) of Makeway Formulations is U51100OR2016PTC025176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makeway Formulations was incorporated on 02 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Cuttack.
The registered office of Makeway Formulations is at Plot No – 5419915 Khandagiri, Bhubaneswar, Orissa, India – 751030.