MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0012818
Merlin Pharma Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.74 Cr
▲ 24% YoY
Net profit · FY 2024
₹35.57 Lakh
Net margin 2.1%
EBITDA · FY 2024
₹56.84 Lakh
EBITDA margin 3.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.31 Cr
Issued & subscribed
Open charges
₹15.98 Cr
Satisfied ₹65.25 Lakh
Company age
38 yrs
Est. 1988
Employees · EPFO
7
Provident fund records
About Merlin Pharma Private Limited
Data last updated:
Merlin Pharma 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 11 August 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1988PTC048460. Its GSTIN is 27AAACM5135H1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.31 Cr. It is led by directors Sureshchand Madholal Mangal and Anoop Sureshchand Mangal.
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 402 Kalpataru Plaza Chincholi Bunder Rd Malad (W), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.74 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹35.57 Lakh (net margin 2.1%) and EBITDA of ₹56.84 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.98 Cr and satisfied charges of ₹65.25 Lakh on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
Merlin Pharma Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0012818). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merlinpharma.com.
Company details
CIN U24230MH1988PTC048460
Registration Number 048460
Incorporation Date 11 August 1988
ROC Mumbai
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-MH-18-0012818
Recognitions & Rankings of Merlin Pharma
Contact details
Merlin Pharma Private Limited's registered office is in Mumbai, Maharashtra. Its website is merlinpharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address402 Kalpataru Plaza Chincholi Bunder Rd Malad (W), Mumbai, Maharashtra, India – 400064
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Merlin Pharma Private Limited, buy the company report.
Comprehensive company report
Merlin Pharma 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 Merlin Pharma 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 Merlin Pharma Private Limited, buy the company report.
Financials of Merlin Pharma Private Limited
FY 2025 filings availableMerlin Pharma Private Limited reported revenue of ₹16.74 Cr (up 24% YoY) for FY 2024.
Revenue · FY 2024
₹16.74 Cr ▲ 24%
Net profit · FY 2024
₹35.57 Lakh margin 2.1%
EBITDA · FY 2024
₹56.84 Lakh margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 13%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 4%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 24% growth in the latest year. EBITDA rose 26% 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 | ₹16.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹56.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.57 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Merlin Pharma Private Limited, buy the company report.
Board of directors of Merlin Pharma Private Limited
Merlin Pharma has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshchand Madholal Mangal | Director | 11 Aug 1988 | 38 Years 2 Months | Current |
| Anoop Sureshchand Mangal | Director | 20 Oct 2008 | 18 Years 0 Months | Current |
Peer comparison
Merlin Pharma 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 |
|---|---|---|---|---|---|---|
| Anra Pharmaceuticals Private Limited | ₹16.84 Cr (FY 2025) | 74.0% | Vellaripatti, Tamil Nadu, India | |||
| MVL Medisynth Private Limited | ₹16.78 Cr (FY 2024) | 1.0% | Solapur North, Maharashtra, India | |||
| Leiutis Pharmaceuticals Private Limited | ₹16.75 Cr (FY 2020) | 62.0% | Hyderabad, Telangana, India | |||
| Salius Pharma Private Limited | ₹16.74 Cr (FY 2025) | 17.0% | Thane, Maharashtra, India | |||
| Merlin Pharma Private Limitedthis company | ₹16.74 Cr (FY 2024) | ₹35.57 Lakh | 2.1% | 24.0% | 7 | Mumbai, Maharashtra, India |
| Surien Pharmaceuticals Private Limited | ₹16.68 Cr (FY 2025) | -18.0% | Chennai, Tamil Nadu, India | |||
| Oasis Laboratories Pvt Ltd | ₹16.68 Cr (FY 2025) | -1.0% | Jaipur, Rajasthan, India | |||
| Regal Healthcare Limited | ₹16.64 Cr (FY 2025) | -15.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Merlin Pharma Private Limited, buy the company report.
Auditor
Merlin Pharma Private Limited is audited by PRAKASH GUPTA AND CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAKASH GUPTA AND CO. | FY 2024 | 0115809W |
Shareholding
The shareholding of Merlin Pharma 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 Merlin Pharma Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.98 Cr
Satisfied charges
₹65.25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2024 | 100895754 | Others | ₹97.5 Lakh | Open | |
| 11 Mar 2024 | 100895746 | Others | ₹15 Cr | Open | |
| 30 Aug 1989 | 90221646 | Central Bank of India | ₹6.75 Lakh | Satisfied | |
| 27 Apr 1989 | 90221602 | Central Bank of India | ₹58.5 Lakh | Satisfied |
To see the full charge records of Merlin Pharma Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Merlin Pharma Private Limited has 5 court cases on record: 1 filed by Merlin Pharma, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Zazen Pharma Pvt.Ltd. and 2 others | Disposed |
| District court, BAGALKOT, Karnataka | Criminal complaint | Filed against the company by State at the Assistance Drugs Contoller Bagalkot Tejaswi.C Office of the Asst Drugs Controller | Disposed |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by State at the Instance of Drugs Inspector | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M S Kalpadrum Enterprises | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by M/S. Kalpadrum Enterprises | Disposed |
To see the full case history of Merlin Pharma 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 Merlin Pharma Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merlin Pharma Private Limited has a workforce of 7 employees on its EPFO records as of Feb 28, 2025, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
GST
Merlin Pharma has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5135H1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merlin Pharma Private Limited, buy the company report.
Recent activity
Merlin Pharma Private Limited has 5 board changes on record since 1988: 2 appointments and 3 cessations. The latest: Mukesh Chhitarmal Agarwal ceased to be Director on 30 May 2010.
Charges
A charge with Others of Rs. 15.00 Cr registered on 11 Mar 2024 with Charge ID 100895746 was modified on 22 Jan 2026.
AGM
Merlin Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Merlin Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.98 Cr with Charge ID 100895754 was registered on 15 Mar 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100895746 was registered on 11 Mar 2024.
Charges
A charge registered on 30 Aug 1989 via Charge ID 90221646 with Central Bank Of India was fully satisfied on 10 Nov 2023.
Charges
A charge registered on 27 Apr 1989 via Charge ID 90221602 with Central Bank Of India was fully satisfied on 10 Nov 2023.
Ceased
Mukesh Chhitarmal Agarwal ceased to be Director.
Ceased
Aashish Suresh Mangal ceased to be Whole-Time Director.
Appointed
Anoop Sureshchand Mangal was appointed as Director.
Ceased
Anoop Sureshchand Mangal ceased to be Director.
Charges
A charge with Central Bank Of India of Rs. 0.59 Cr registered on 27 Apr 1989 with Charge ID 90221602 was modified on 27 Nov 2006.
4 earlier events are in the company report.
Frequently asked questions
Merlin Pharma 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 11 August 1988 (38+ years old) and is registered under CIN U24230MH1988PTC048460.
Merlin Pharma has 2 current directors:
- Sureshchand Madholal Mangal - Director
- Anoop Sureshchand Mangal - Director
The latest financial statements of Merlin Pharma 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 Merlin Pharma is 27AAACM5135H1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Merlin Pharma is U24230MH1988PTC048460. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merlin Pharma has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Merlin Pharma was incorporated on 11 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Merlin Pharma by revenue are Anra Pharmaceuticals Private Limited, MVL Medisynth Private Limited, Leiutis Pharmaceuticals Private Limited, Salius Pharma Private Limited, Surien Pharmaceuticals 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).
Mukesh Chhitarmal Agarwal ceased to be Director on 30 May 2010. Aashish Suresh Mangal ceased to be Whole-Time Director on 30 Mar 2009. Anoop Sureshchand Mangal was appointed as Director on 20 Oct 2008. Merlin Pharma has 5 board changes on record in total.
Yes, Merlin Pharma is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0012818).
Merlin Pharma can be reached through the website merlinpharma.com. Its registered office is in Mumbai, Maharashtra, India.
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