MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-16-0000233
Meridian Enterprises Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.24 Cr
▲ 14% YoY
Net profit · FY 2024
₹17.47 Cr
Net margin 27.6%
EBITDA · FY 2024
₹24.6 Cr
EBITDA margin 38.9%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Satisfied charges
₹3.18 Cr
No open charges
Company age
36 yrs
Est. 1990
Employees · EPFO
443
Provident fund records
About Meridian Enterprises Private Limited
Data last updated:
Meridian Enterprises Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 05 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21003MH1990PTC055663. Its GSTIN is 27AAACM2740G1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Sandeep Ramesh Banatwala (Managing Director) and Sonia Banatwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1108 Embassy Centre Narimanpoint, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.24 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹17.47 Cr (net margin 27.6%) and EBITDA of ₹24.6 Cr (EBITDA margin 38.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.
The company has about 443 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Meridian Enterprises. As per MCA filings, the company has satisfied charges of ₹3.18 Cr on record. Court records list 15 cases involving the company, including 9 filed by the company and 6 filed against it; 4 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in August 2024. Its 7 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, 4 larger and 3 smaller; the largest is Lifecom Pharmaceuticals (India)) Private Limited with revenue of ₹45.55 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 953 overdue payments to 80 micro and small suppliers.
Meridian Enterprises Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-16-0000233). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meridianentp.com.
Company details
CIN U21003MH1990PTC055663
Registration Number 055663
Incorporation Date 05 March 1990
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-16-0000233
CIN history
Meridian Enterprises has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U21003MH1990PTC055663, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21003MH1990PTC055663 | Current |
| U24231MH1990PTC055663 | Previous |
| U24231MH2004PTC055663 | Previous |
Key People
Sandeep Ramesh Banatwala Managing Director Sonia Banatwala Whole-Time Director Anand Uttam Fandate Director Recognitions & Rankings of Meridian Enterprises
Contact details
Meridian Enterprises Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address1108 Embassy Centre Narimanpoint, Mumbai, Maharashtra, India – 400021
- IndustryPharma, Drug Formulation & Development
Comprehensive company report
Meridian Enterprises 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Meridian Enterprises operates one associated brand: Meridian Enterprises. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing, marketing, and exporting of healthcare products, including formulations and contract services. | meridianentp.com |
Financials of Meridian Enterprises Private Limited
FY 2025 filings availableMeridian Enterprises Private Limited reported revenue of ₹63.24 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹63.24 Cr ▲ 14%
Net profit · FY 2024
₹17.47 Cr margin 27.6%
EBITDA · FY 2024
₹24.6 Cr margin 38.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 17%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 31%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 14% growth in the latest year. EBITDA rose 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 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 | ₹63.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹24.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.47 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 | 38.9% | ||||
| Net Profit Margin | 27.6% | ||||
| 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 Meridian Enterprises Private Limited, buy the company report.
Board of directors of Meridian Enterprises Private Limited
Meridian Enterprises has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Uttam Fandate | Director | 23 Mar 2023 | 3 Years 7 Months | Current |
| Ryan Anthony Wood | Director | 23 Mar 2023 | 3 Years 7 Months | Current |
| Nilesh Pravinchandra Damania | Director | 23 Mar 2023 | 3 Years 7 Months | Current |
| Sandeep Ramesh Banatwala | Managing Director | 30 Oct 2006 | 20 Years 0 Months | Current |
| Sonia Banatwala | Whole-Time Director | 29 May 1998 | 28 Years 5 Months | Current |
| Jyotsna Ramesh Banatwala | Director | 05 Mar 1990 | 36 Years 7 Months | Current |
Peer comparison
Meridian Enterprises Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Meridian Enterprises Private Limitedthis company | ₹63.24 Cr (FY 2024) | ₹17.47 Cr | 27.6% | 14.0% | Mumbai, Maharashtra, India | |
| Lifecom Pharmaceuticals (India)) Private Limited | ₹45.55 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Arvind Pharma Chem Private Limited | ₹45.49 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Nouveau Medicament Private Limited | ₹45.44 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Renown Pharmaceuticals Private Limited | ₹45.41 Cr (FY 2025) | 12.0% | Vadodara, Gujarat, India | |||
| Welcome Pharmalife Private Limited | ₹45.37 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| T. C. Health Care Private Limited | ₹45.32 Cr (FY 2025) | -40.0% | Modinagar, Uttar Pradesh, India | |||
| Saintlife Pharmaceuticals Limited | ₹45.01 Cr (FY 2025) | 26.0% | Dehradun, Uttarakhand, India |
To see the full peer comparison of Meridian Enterprises Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹3.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2008 | 10117623 | Bank of India | ₹98 Lakh | Satisfied | |
| 13 Sep 2005 | 80016209 | Bank of India | ₹30 Lakh | Satisfied | |
| 31 May 1999 | 100228435 | Bank of India | ₹60 Lakh | Satisfied | |
| 18 Mar 1994 | 90153006 | The Bank of Nova Scotia | ₹28 Lakh | Satisfied | |
| 15 Feb 1994 | 90152449 | The Bank of Nova Scotia | ₹22.5 Lakh | Satisfied |
To see the full charge records of Meridian Enterprises Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Meridian Enterprises Private Limited has 3 deals on record (3 secondary share transfers); the latest was in August 2024.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Meridian Enterprises Private Limited has 15 court cases on record: 9 filed by Meridian Enterprises, 6 filed against it. 4 cases are pending and 11 are disposed.
Total cases
15
Filed by the company
9
Filed against the company
6
Pending
4
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 2 |
| District courts | 6 | 5 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Court case (OMP MISC. (COMM.)) | Filed against the company by Omega Seiki Mobility Pvt Ltd Through Its Authorized Representative Mr Mohasin Khan | Pending |
| Bombay High Court | Court case (NMCD) | Filed by the company against Gnosis Pharmaceuticals Pvt Ltd and Ramesh Khurana and Anr (Prop. Resp.) | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Omega Seiki Mobility Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Nikom Engineers Pvt Ltd and 2 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Gnosis Pharmaceuticals Pvt Ltd | Disposed |
To see the full case history of Meridian Enterprises 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
Meridian Enterprises Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 953 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Reena Enterprises | |||
| Pacific Stationers | |||
| Kalapi Print Pack LLP | |||
| Pharmadeep Turnkey Consultants and Engineers Private Limited | |||
| Mavens I Softech Solutions Private Limited |
To see the full MSME payment records of Meridian Enterprises Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Meridian Enterprises has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM2740G1ZR | Maharashtra | Active | 01 Jul 2017 |
| 24AAACM2740G1ZX | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Meridian Enterprises Private Limited, buy the company report.
Recent activity
Meridian Enterprises Private Limited has 7 board changes on record since 1990: 6 appointments and 1 cessation. The latest: Anand Uttam Fandate was appointed as Director on 23 Mar 2023.
AGM
Meridian Enterprises Private Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Filing
Meridian Enterprises Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Anand Uttam Fandate was appointed as Director.
Appointed
Nilesh Pravinchandra Damania was appointed as Director.
Appointed
Ryan Anthony Wood was appointed as Director.
Ceased
Sudhakar Govind Dandawate ceased to be Director.
Charges
A charge registered on 31 May 1999 via Charge ID 100228435 with Bank Of India was fully satisfied on 23 May 2019.
Charges
A charge registered on 23 Jun 2008 via Charge ID 10117623 with Bank Of India was fully satisfied on 05 Dec 2009.
Charges
A charge with Bank Of India of Rs. 0.98 Cr registered on 23 Jun 2008 with Charge ID 10117623 was modified on 27 Jun 2008.
Charges
A charge with Bank Of India amounted to Rs. 0.98 Cr with Charge ID 10117623 was registered on 23 Jun 2008.
Charges
A charge registered on 13 Sep 2005 via Charge ID 80016209 with Bank Of India was fully satisfied on 18 Dec 2006.
Appointed
Sandeep Ramesh Banatwala was appointed as Managing Director.
17 earlier events are in the company report.
Frequently asked questions
Meridian Enterprises is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 05 March 1990 (36+ years old) and is registered under CIN U21003MH1990PTC055663.
Meridian Enterprises has 6 current directors:
- Sandeep Ramesh Banatwala - Managing Director
- Sonia Banatwala - Whole-Time Director
- Anand Uttam Fandate - Director
- Ryan Anthony Wood - Director
- Nilesh Pravinchandra Damania - Director
- Jyotsna Ramesh Banatwala - Director
The latest financial statements of Meridian Enterprises on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Meridian Enterprises is 27AAACM2740G1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACM2740G1ZX (Gujarat).
The CIN (Corporate Identification Number) of Meridian Enterprises is U21003MH1990PTC055663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meridian Enterprises has 15 court cases on record: 9 filed by the company and 6 filed against it. 4 are pending. Most are in the high courts.
Meridian Enterprises was incorporated on 05 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Meridian Enterprises has 3 deals on record (3 secondary share transfers); the latest was in August 2024.
The peers of Meridian Enterprises by revenue are Lifecom Pharmaceuticals (India)) Private Limited, Arvind Pharma Chem Private Limited, Nouveau Medicament Private Limited, Renown Pharmaceuticals Private Limited, Welcome Pharmalife Private Limited and 2 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Anand Uttam Fandate was appointed as Director on 23 Mar 2023. Nilesh Pravinchandra Damania was appointed as Director on 23 Mar 2023. Ryan Anthony Wood was appointed as Director on 23 Mar 2023. Meridian Enterprises has 7 board changes on record in total.
Yes, Meridian Enterprises is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-16-0000233).
Meridian Enterprises has 15 MSME Form 1 returns on record between 2019 and 2024, listing 953 overdue payments to 80 micro and small suppliers. The latest return was filed on 20 Apr 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages