MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-09-0007835
Memphis Vision Care Private Limited - pharma in Chhatral, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.83 Cr
▲ 106% YoY
Net profit · FY 2024
₹3.7 Cr
Net margin 13.3%
EBITDA · FY 2024
₹6.26 Cr
EBITDA margin 22.5%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹1 Cr
Satisfied ₹4.75 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
25
Provident fund records
About Memphis Vision Care Private Limited
Data last updated:
Memphis Vision Care Private Limited is a private limited company based in Chhatral, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 25 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52100GJ2014PTC079356. Its GSTIN is 24AAJCM2175N1Z4 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Ekataben Vishnuprasad Patel and Aakash Vishnuprasad Patel.
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. 450 Opp. Nirma Factory Beside Jay Banas Private Limited, Chhatral, Gujarat, India – 382729.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.83 Cr, a growth of 106% compared to the previous year. For the same year it recorded a net profit of ₹3.7 Cr (net margin 13.3%) and EBITDA of ₹6.26 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 62% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Memphis Vision Care. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹4.75 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in April 2021. Its 6 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 3 smaller; the largest is Aashka Formulation Private Limited with revenue of ₹27.95 Cr.
Memphis Vision Care Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0007835). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website memphisvisioncare.com.
Company details
CIN U52100GJ2014PTC079356
Registration Number 079356
Incorporation Date 25 March 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0007835
Key People
Ekataben Vishnuprasad Patel Director Aakash Vishnuprasad Patel Director Parth Manilal Patel Director Recognitions & Rankings of Memphis Vision Care
Contact details
Memphis Vision Care Private Limited's registered office is in Chhatral, Gujarat. Its website is memphisvisioncare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 450 Opp. Nirma Factory Beside Jay Banas Private Limited, Chhatral, Gujarat, India – 382729
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Memphis Vision Care Private Limited, buy the company report.
Comprehensive company report
Memphis Vision Care 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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Brands
Memphis Vision Care operates one associated brand: Memphis Vision Care. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying pharmaceutical products, including parenteral formulations, in India. | memphisvisioncare.com |
Business activity
The main business activity of Memphis Vision Care 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 Memphis Vision Care Private Limited, buy the company report.
Financials of Memphis Vision Care Private Limited
FY 2025 filings availableMemphis Vision Care Private Limited reported revenue of ₹27.83 Cr (up 106% YoY) for FY 2024.
Revenue · FY 2024
₹27.83 Cr ▲ 106%
Net profit · FY 2024
₹3.7 Cr margin 13.3%
EBITDA · FY 2024
₹6.26 Cr margin 22.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 106%
3 years · compounded
▲ 5%
5 years · compounded
▲ 62%
EBITDA CAGR growth
1 year
▲ 247%
3 years · compounded
▲ 10%
5 years · compounded
▲ 91%
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 106% growth in the latest year. EBITDA rose 247% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹27.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.7 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 | 22.5% | ||||
| Net Profit Margin | 13.3% | ||||
| 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 Memphis Vision Care Private Limited, buy the company report.
Board of directors of Memphis Vision Care Private Limited
Memphis Vision Care has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ekataben Vishnuprasad Patel Also directs: Lumivista Healthcare Private Limited | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
| Aakash Vishnuprasad Patel Also directs: Aakash Eye Hospital LLP, Aakash Eye Hospital, Juhapura LLP | Director | 06 May 2025 | 1 Years 6 Months | Current |
| Parth Manilal Patel | Director | 25 Mar 2014 | 12 Years 7 Months | Current |
| Hitendra Rughunathbhai Barot | Director | 23 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Memphis Vision Care Private Limited is compared with the 6 companies closest to it by revenue in the Pharma industry (Formulations), 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 |
|---|---|---|---|---|---|---|
| Aashka Formulation Private Limited | ₹27.95 Cr (FY 2022) | 904.0% | Kalol, Gujarat, India | |||
| Danashmand Organic Private Limited | ₹27.92 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Shreepati Pharmaceuticals Pvt Ltd | ₹27.91 Cr (FY 2025) | 7.0% | Indore, M.P, Madhya Pradesh, India | |||
| Memphis Vision Care Private Limitedthis company | ₹27.83 Cr (FY 2024) | ₹3.7 Cr | 13.3% | 106.0% | 25 | Chhatral, Gujarat, India |
| Anthea Pharma Private Limited | ₹27.78 Cr (FY 2025) | 516.0% | Hyderabad, Telangana, India | |||
| Sain Medicaments Private Limited | ₹27.64 Cr (FY 2025) | 4.0% | Telangana, India | |||
| Jips Pharmaceuticals Private Limited | ₹27.63 Cr (FY 2023) | 19.0% | Chandigarh, India |
To see the full peer comparison of Memphis Vision Care Private Limited, buy the company report.
Auditor
Memphis Vision Care Private Limited is audited by Bhavik D. Mehta & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhavik D. Mehta & Co. | FY 2024 | 122475 |
Shareholding
The shareholding of Memphis Vision Care Private Limited is on record for 5 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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Memphis Vision Care Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
₹4.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2023 | 100761376 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 08 Sep 2015 | 10590234 | Bank of Baroda - Ssi Chhatral Branch | ₹4.75 Cr | Satisfied |
To see the full charge records of Memphis Vision Care Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Memphis Vision Care Private Limited has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in April 2021.
Total deals
6
Secondary share transfers
4
Rights issues
2
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2017 | Rights issue | ₹2.09 Cr | Investors: 4 individuals |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2015 | Rights issue | ₹1.9 Cr | Investors: 4 individuals |
To see the full deal history of Memphis Vision Care Private 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
Memphis Vision Care Private Limited has 4 court cases on record: 1 filed by Memphis Vision Care, 3 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (TMSUIT) | Filed against the company by Biotech Vision Care Pvt. Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Uttar Gujarat Vij Company Ltd and 2 others | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Memphis Vision Care 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 Memphis Vision Care Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Memphis Vision Care Private Limited has a workforce of 25 employees on its EPFO records as of Feb 27, 2025, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
47.06%
GST
Memphis Vision Care has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM2175N1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Memphis Vision Care Private Limited, buy the company report.
Recent activity
Memphis Vision Care Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Aakash Vishnuprasad Patel was appointed as Director on 06 May 2025.
AGM
Memphis Vision Care Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Aakash Vishnuprasad Patel was appointed as Director.
Filing
Memphis Vision Care Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100761376 was registered on 31 May 2023.
Charges
A charge registered on 08 Sep 2015 via Charge ID 10590234 with Bank Of Baroda - Ssi Chhatral Branch was fully satisfied on 06 May 2023.
Ceased
Ekataben Vishnuprasad Patel ceased to be Additional Director.
Appointed
Ekataben Vishnuprasad Patel was appointed as Director.
Ceased
Rajendrakumar Jethabhai Patel ceased to be Additional Director.
Ceased
Hitendra Rughunathbhai Barot ceased to be Additional Director.
Ceased
Aakash Vishnuprasad Patel ceased to be Director.
Appointed
Hitendra Rughunathbhai Barot was appointed as Director.
Charges
A charge with Bank Of Baroda - Ssi Chhatral Branch amounted to Rs. 4.75 Cr with Charge ID 10590234 was registered on 08 Sep 2015.
2 earlier events are in the company report.
Frequently asked questions
Memphis Vision Care is an active private limited company based in Chhatral, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 25 March 2014 (12+ years old) and is registered under CIN U52100GJ2014PTC079356.
Memphis Vision Care has 4 current directors:
- Ekataben Vishnuprasad Patel - Director
- Aakash Vishnuprasad Patel - Director
- Parth Manilal Patel - Director
- Hitendra Rughunathbhai Barot - Director
The latest financial statements of Memphis Vision Care 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 2015 are in the company report.
The GSTIN of Memphis Vision Care is 24AAJCM2175N1Z4, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Memphis Vision Care is U52100GJ2014PTC079356. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Memphis Vision Care has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Memphis Vision Care was incorporated on 25 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Memphis Vision Care has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in April 2021.
The peers of Memphis Vision Care by revenue are Aashka Formulation Private Limited, Danashmand Organic Private Limited, Shreepati Pharmaceuticals Pvt Ltd, Anthea Pharma Private Limited, Sain Medicaments Private Limited and 1 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Aakash Vishnuprasad Patel was appointed as Director on 06 May 2025. Ekataben Vishnuprasad Patel ceased to be Additional Director on 20 Sep 2021. Ekataben Vishnuprasad Patel was appointed as Director on 16 Sep 2020. Memphis Vision Care has 8 board changes on record in total.
Yes, Memphis Vision Care is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-09-0007835).
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