MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-HP-11-0007898
Marine Medicare Private Limited
Marine Medicare Private Limited - pharma in Solan, Himachal Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.01 Cr
▲ 68% YoY
Net loss · FY 2024
₹1.75 Cr
Net margin -5.8%
EBITDA · FY 2024
₹32.5 Lakh
EBITDA margin 1.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹8 Cr
Satisfied ₹10 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
83
Provident fund records
About Marine Medicare Private Limited
Data last updated:
Marine Medicare Private Limited is a private limited company based in Solan, Himachal Pradesh, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 02 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U24304HP2020PTC007769. Its GSTIN is 02AANCM2112K1ZR (Himachal Pradesh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sajjan Kumar Garg and Yash Singla.
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 Solan, Himachal Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.01 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net loss of ₹1.75 Cr (net margin -5.8%) and EBITDA of ₹32.5 Lakh (EBITDA margin 1.1%).
The company has about 83 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8 Cr and satisfied charges of ₹10 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 1 case is pending.
Marine Medicare Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HP-11-0007898).
Company details
CIN U24304HP2020PTC007769
Registration Number 007769
Incorporation Date 02 January 2020
ROC Himachal Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-HP-11-0007898
Recognitions & Rankings of Marine Medicare
Contact details
Marine Medicare Private Limited's registered office is in Solan, Himachal Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Marine Medicare Private Limited Village Kulhriwala P.O. Mandhala Tehsil, Baddi, Solan, Himachal Pradesh, India – 174103
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Marine Medicare Private Limited, buy the company report.
Comprehensive company report
Marine Medicare Private 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 Marine Medicare 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 Marine Medicare Private Limited, buy the company report.
Financials of Marine Medicare Private Limited
FY 2025 filings availableMarine Medicare Private Limited reported revenue of ₹30.01 Cr (up 68% YoY) for FY 2024.
Revenue · FY 2024
₹30.01 Cr ▲ 68%
Net loss · FY 2024
₹1.75 Cr margin -5.8%
EBITDA · FY 2024
₹32.5 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 68%
EBITDA CAGR growth
1 year
▲ 239%
3 years · compounded
▲ 168%
Revenue rose 68% in the latest year. EBITDA rose 239% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹30.01 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.75 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -5.8% | ||||
| 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 Marine Medicare Private Limited, buy the company report.
Board of directors of Marine Medicare Private Limited
Marine Medicare has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sajjan Kumar Garg | Director | 01 Aug 2020 | 6 Years 3 Months | Current |
| Yash Singla | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Nitin Garg | Director | 02 Jan 2020 | 6 Years 10 Months | Current |
| Ravinder Kumar Jain | Director | 02 Jan 2020 | 6 Years 10 Months | Current |
Peer comparison
Marine Medicare Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Bhagwati Organics Private Limited | ₹30.1 Cr (FY 2025) | -21.0% | Ahmedabad, Gujarat, India | |||
| Sindhu Ultramarine Chemicals Private Limited | ₹30.09 Cr (FY 2025) | 26.0% | Rajkot, Gujarat, India | |||
| Puritz Chem Private Limited | ₹30.07 Cr (FY 2024) | 43.0% | New Delhi, Delhi, India | |||
| Solvex Interchem Private Limited | ₹30.04 Cr (FY 2024) | 19.0% | Mumbai, Maharashtra, India | |||
| Building Envelope Systems India Limited | ₹30.02 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India | |||
| Marine Medicare Private Limitedthis company | ₹30.01 Cr (FY 2024) | -₹1.75 Cr | -5.8% | 68.0% | 83 | Solan, Himachal Pradesh, India |
| Gujarat Polybonds Private Limited | ₹30.01 Cr (FY 2025) | -7.0% | Vapi, Gujarat, India | |||
| Canopy Essence Private Limited | ₹29.99 Cr (FY 2025) | -9.0% | Thane, Maharashtra, India | |||
| Spen Formulations Pvt Ltd | ₹29.98 Cr (FY 2025) | -8.0% | Himachal Pradesh, India | |||
| Ridley Life Science Private Limited | ₹29.98 Cr (FY 2024) | -28.0% | Delhi, India | |||
| Impact Healthcare Private Limited | ₹29.98 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Marine Medicare Private Limited, buy the company report.
Auditor
Marine Medicare Private Limited is audited by ANIL PUNEET & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL PUNEET & ASSOCIATES | FY 2024 | 016890N |
Shareholding
The shareholding of Marine Medicare Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Marine Medicare Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2022 | 100585974 | Hdfc Bank Limited | ₹8 Cr | Open | |
| 24 Jul 2021 | 100469940 | Axis Bank Limited | ₹5 Cr | Satisfied | |
| 08 Jul 2021 | 100461152 | Axis Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Marine Medicare Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Marine Medicare Private Limited has 10 court cases on record: 7 filed by Marine Medicare, 3 filed against it. 1 case is pending and 9 are disposed.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
1
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against Pankaj Spinners Pvt. Ltd,(Not Applicable) and 5 others | Disposed |
| High Court of Himachal Pradesh | Court case (CMP.M) | Filed against the company by an individual | Pending |
| High Court of Himachal Pradesh | Court case (COPC) | Filed by the company against an individual | Disposed |
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Solan, Himachal Pradesh | Court case (Local And Special Laws Act) | Filed against the company by Employees State Insurance Corporation | Disposed |
To see the full case history of Marine Medicare 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
No delayed payments to MSME suppliers are on our record for Marine Medicare Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marine Medicare Private Limited has a workforce of 83 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
83
Active EPFO establishments
1
Employee growth
76.6%
GST
Marine Medicare has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AANCM2112K1ZR | Himachal Pradesh | Active | 17 Aug 2020 |
To see the full GST registrations and return filing status of Marine Medicare Private Limited, buy the company report.
Recent activity
Marine Medicare Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Yash Singla was appointed as Director on 16 Sep 2024.
AGM
Marine Medicare Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marine Medicare Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Himachal Pradesh.
Charges
A charge with Hdfc Bank Limited of Rs. 8.00 Cr registered on 13 Apr 2022 with Charge ID 100585974 was modified on 24 Feb 2025.
Appointed
Yash Singla was appointed as Director.
Charges
A charge registered on 24 Jul 2021 via Charge ID 100469940 with Axis Bank Limited was fully satisfied on 03 Nov 2022.
Charges
A charge registered on 08 Jul 2021 via Charge ID 100461152 with Axis Bank Limited was fully satisfied on 03 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100585974 was registered on 13 Apr 2022.
Ceased
Sajjan Kumar Garg ceased to be Additional Director.
Charges
A charge with Axis Bank Limited of Rs. 5.00 Cr registered on 08 Jul 2021 with Charge ID 100461152 was modified on 28 Jul 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100469940 was registered on 24 Jul 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100461152 was registered on 08 Jul 2021.
Ceased
Yash Singla ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Marine Medicare is an active private limited company based in Solan, Himachal Pradesh, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 02 January 2020 (6+ years old) and is registered under CIN U24304HP2020PTC007769.
Marine Medicare has 4 current directors:
- Sajjan Kumar Garg - Director
- Yash Singla - Director
- Nitin Garg - Director
- Ravinder Kumar Jain - Director
The latest financial statements of Marine Medicare 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 FY 2020 are in the company report.
The GSTIN of Marine Medicare is 02AANCM2112K1ZR, registered in Himachal Pradesh.
The CIN (Corporate Identification Number) of Marine Medicare is U24304HP2020PTC007769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marine Medicare has 10 court cases on record: 7 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Marine Medicare was incorporated on 02 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of Marine Medicare by revenue are Bhagwati Organics Private Limited, Sindhu Ultramarine Chemicals Private Limited, Puritz Chem Private Limited, Solvex Interchem Private Limited, Building Envelope Systems India Limited and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Yash Singla was appointed as Director on 16 Sep 2024. Sajjan Kumar Garg ceased to be Additional Director on 30 Oct 2021. Yash Singla ceased to be Director on 22 Feb 2021. Marine Medicare has 6 board changes on record in total.
Yes, Marine Medicare is registered as a small enterprise under Udyam registration (number: UDYAM-HP-11-0007898).
The registered office of Marine Medicare is at CO Marine Medicare Village Kulhriwala P.O. Mandhala Tehsil, Baddi, Solan, Himachal Pradesh, India – 174103.
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