
About Maneesh Pharmaceuticals Limited
Data last updated:
Maneesh Pharmaceuticals Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 25 July 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1985PLC036952. Its GSTIN is 27AAACM3635Q1Z2 (Maharashtra). The company holds 16 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.13 Cr. It was formerly known as Maneesh Pharmaceuticals Private Limited and Maneesh Pharmaceuticals Pvt. Ltd. It is led by directors including Maneesh Ramakant Sapte (Whole-Time Director) and Ajit Gopal Jamkhandikar.
Its last annual general meeting (AGM) was held on 11 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 29/33 Ancillary Industrial Plots Govandi, Mumbai, Maharashtra, India – 400043.
As per the financials filed for FY 2022, the company reported a revenue of ₹534.48 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹56.02 Cr (net margin 10.5%) and EBITDA of ₹72.68 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 18% over five years.
The company has about 1,204 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Maneesh Pharmaceuticals. As per MCA filings, the company has open charges of ₹18 Cr and satisfied charges of ₹1,045.43 Cr on record. Court records list 143 cases involving the company, including 77 filed by the company and 62 filed against it; 27 cases are pending. The company has 46 deals on record (37 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹158.95 Cr; the latest was in March 2022. Its 10 peer companies in the Pharma industry (Formulations, Pharmaceuticals) are compared by revenue, 5 larger and 5 smaller; the largest is German Remedies Pharmaceuticals Private Limited with revenue of ₹546.98 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 688 overdue payments to 54 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maneeshpharma.com.
Name History of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals has undergone 2 name changes throughout its history. The company was previously known as Maneesh Pharmaceuticals Private Limited, and Maneesh Pharmaceuticals Pvt. Ltd.. The current legal name is Maneesh Pharmaceuticals Limited.
| Company Name | Status |
|---|---|
| Maneesh Pharmaceuticals Limited | Current |
| Maneesh Pharmaceuticals Private Limited | Previous |
| Maneesh Pharmaceuticals Pvt. Ltd. | Previous |
CIN History of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals has one previous CIN (Corporate Identification Number): U24230MH1985PTC036952. The current CIN is U24230MH1985PLC036952, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230MH1985PLC036952 | Current |
| U24230MH1985PTC036952 | Previous |
- EmailLocked
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- Website
- Social Media
- Registered Address29/33 Ancillary Industrial Plots Govandi, Mumbai, Maharashtra, India – 400043
- 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
Associated Brands with Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals operates one associated brand: Maneesh Pharmaceuticals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Branded formulations and generics are manufactured for therapeutic categories. | maneeshpharma.com |
Business Activity of Maneesh Pharmaceuticals Limited
The main business activity of Maneesh Pharmaceuticals 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 Maneesh Pharmaceuticals Limited FY 2023 filings available
Maneesh Pharmaceuticals Limited reported revenue of ₹534.48 Cr (up 28% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Maneesh Pharmaceuticals Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 28% growth in the latest year. EBITDA rose 61% 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 Maneesh Pharmaceuticals Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹72.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹56.02 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 Maneesh Pharmaceuticals Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.5% | •••• | •••• | •••• | •••• |
| 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 Maneesh Pharmaceuticals are in the company report.
Financial statements from 2015
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.
Board of Directors and KMP of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited currently reports 5 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maneesh Ramakant Sapte | Whole-Time Director | 01 Oct 2002 | 24 Years 0 Months | Current |
| Ajit Gopal Jamkhandikar Also directs: Phaarmasia Limited | Director | 24 Aug 2018 | 8 Years 1 Months | Current |
| Pravin Mohandas Hegde Also directs: Phaarmasia Limited, Master Mind Property Private Limited | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Rakesh Khetan Tunaram | Cfo | 20 Mar 2015 | 11 Years 7 Months | Current |
| Rashmi Vinay Sapte Also directs: Phaarmasia Limited, Zypcare Lifesciences Private Limited, Svizera Labs Private Limited and 3 more | Director | 30 Mar 2007 | 19 Years 6 Months | Current |
| Vinay Ramakant Sapte | Director | 25 Jul 1985 | 41 Years 2 Months | Current |
Peer Comparison of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations, Pharmaceuticals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| German Remedies Pharmaceuticals Private Limited | ₹546.98 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| Graviti Pharmaceuticals Private Limited | ₹543.75 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Hydra Active Pharma Sciences Private Limited | ₹542.62 Cr (FY 2021) | •••• | •••• | 165.0% | •••• | Bangalore, Karnataka, India |
| Kusum Healthcare Private Limited | ₹537.89 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Unison Pharmaceuticals Private Limited | ₹537.1 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Maneesh Pharmaceuticals Limited this company | ₹534.48 Cr (FY 2022) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Pharmed Limited | ₹528.59 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Mapaex Health and Personalcare Private Limited | ₹514.15 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Bhopal, Madhya Pradesh, India |
| Flamingo Pharmaceuticals Limited | ₹508.5 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Mackinon Enterprises Private Limited | ₹504.87 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Mumbai, Maharashtra, India |
| Cronus Pharma Specialities India Private Limited | ₹484.74 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Maneesh Pharmaceuticals by revenue in the Pharma industry (Formulations, Pharmaceuticals), 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 Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited is audited by M. M. NISSIM & Co. for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. M. NISSIM & 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.
Ownership and Shareholding of Maneesh Pharmaceuticals 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 Maneesh Pharmaceuticals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jul 2004 | Export-Import Bank of India | ₹18 Cr | Open |
| 28 Dec 2011 | Pegasus Group Twenty Six Trust - I- Pegasus Assets Reconstruction Private Limited | ₹110.58 Cr | Satisfied |
| 18 Feb 2011 | Icici Bank Limited | ₹18.5 Cr | Satisfied |
| 05 Mar 2010 | Pegasus Group Twenty Six Trust - I- Pegasus Assets Reconstruction Private Limited | ₹10 Cr | Satisfied |
| 11 Oct 2008 | 3I Infotech Trusteeship Services Limited | ₹25 Cr | Satisfied |
Total charge records: 36 View all charges
Deals & Funding of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited has 46 deals on record (37 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹158.95 Cr; the latest was in March 2022.
Deals on record (5 of 46)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Chanakya Corporate Services Private Limited Seller: Calculas Financial Consultants Privnate Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Calculas Financial Consultants Privnate Limited Seller: Chanakya Corporate Services Private Limited |
| Mar 2015 | Rights issue | ₹18.75 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Sarvamangal Mercantile Co.Limited, 3 individuals Seller: Oricon Properties Private Limited , 3 individuals |
| May 2013 | Funding round | ₹12.5 Cr | Investors: 4 individuals |
Full deal history
All 46 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited has 143 court cases on record: 77 filed by Maneesh Pharmaceuticals, 62 filed against it, 4 where it is another party. 27 cases are pending and 116 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 100 | 40 | 17 |
| District courts | 35 | 18 | 9 |
| Supreme Court | 4 | 1 | 0 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 143)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Contract Advertising (India) Private Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by Contract Advertising (India) Private Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Skymap Pharmaceuticals Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Royal Anti-Biotics and Investments Pvt Ltd | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Union Bank of India Limited and 3 others | Disposed |
Full case history
All 143 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.
MSME Payment Delays by Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 688 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pontika Aerotech Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Raj Enterprises | •••• | •••• | •••• |
| Pure Impressions Printech Private Limited | •••• | •••• | •••• |
| S.S.Enterprises | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited has a workforce of 1,204 employees as of Feb 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.
Group Structure of Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Phaarmasia Limited | L24239TG1981PLC002915 | Locked |
| Pharmanova Specialties Private Limited | U24233MH2014PTC252718 | Locked |
| Ergos Life Sciences Private Limited | U24303MH2017PTC292787 | Locked |
| Svizera Labs Private Limited | U74999MH1997PTC107389 | Locked |
| Shanbag Storage And Services Private Limited | U74999MH2010PTC201092 | Locked |
Showing major subsidiaries. Total: 5.
Recent Activity on Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals Limited has 14 board changes on record since 1985: 6 appointments and 8 cessations. The latest: Maneesh Ramakant Sapte ceased to be Director on 31 Mar 2023.
88 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maneesh Pharmaceuticals 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.
Subsidiaries & Group Companies of Maneesh Pharmaceuticals 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 Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals has 16 GST registrations: 2 active and 14 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3635Q1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 02AAACM3635Q1ZE | Himachal Pradesh | Active | 01 Jul 2017 |
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 Maneesh Pharmaceuticals 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 Maneesh Pharmaceuticals Limited
Maneesh Pharmaceuticals is an active public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 25 July 1985 (41+ years old) and is registered under CIN U24230MH1985PLC036952.
Maneesh Pharmaceuticals reported revenue of ₹534.48 Cr for FY 2022 (up 28% YoY).
Maneesh Pharmaceuticals has 6 current directors and KMP:
- Maneesh Ramakant Sapte - Whole-Time Director
- Ajit Gopal Jamkhandikar - Director
- Pravin Mohandas Hegde - Director
- Rashmi Vinay Sapte - Director
- Vinay Ramakant Sapte - Director
- Rakesh Khetan Tunaram - Cfo
Maneesh Pharmaceuticals reported a net profit of ₹56.02 Cr (net margin 10.5%) and EBITDA of ₹72.68 Cr (EBITDA margin 13.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maneesh Pharmaceuticals is 22% over three years and 18% over five years. In the latest year (FY 2022) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maneesh Pharmaceuticals is 27AAACM3635Q1Z2, registered in Maharashtra. The company has 16 GST registrations in all, of which 2 are active and 14 are cancelled or inactive. Other active GSTINs include 02AAACM3635Q1ZE (Himachal Pradesh).
The CIN (Corporate Identification Number) of Maneesh Pharmaceuticals is U24230MH1985PLC036952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maneesh Pharmaceuticals has 143 court cases on record: 77 filed by the company and 62 filed against it. 27 are pending. Most are in the high courts.
Maneesh Pharmaceuticals was incorporated on 25 July 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Maneesh Pharmaceuticals has 46 deals on record (37 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹158.95 Cr; the latest was in March 2022.
The peers of Maneesh Pharmaceuticals by revenue are German Remedies Pharmaceuticals Private Limited, Graviti Pharmaceuticals Private Limited, Hydra Active Pharma Sciences Private Limited, Kusum Healthcare Private Limited, Unison Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (Formulations, Pharmaceuticals).
Maneesh Ramakant Sapte ceased to be Director on 31 Mar 2023. Vinay Ramakant Sapte ceased to be Managing Director on 31 Mar 2023. Ajit Gopal Jamkhandikar ceased to be Additional Director on 18 Sep 2018. Maneesh Pharmaceuticals has 14 board changes on record in total.