MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UK-06-0001326
Merril Pharma Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹66.57 Cr
▲ 25% YoY
Net loss · FY 2025
₹12.31 Lakh
Net margin -0.2%
EBITDA · FY 2025
₹5.22 Cr
EBITDA margin 7.8%
Authorised capital
₹57.25 Lakh
Registered with MCA
Paid-up capital
₹40.1 Lakh
Issued & subscribed
Open charges
₹17.81 Cr
Satisfied ₹16.18 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
157
Provident fund records
About Merril Pharma Private Limited
Data last updated:
Merril Pharma Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 22 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2005PTC046638. Its GSTIN is 24AAECM4673L1Z6 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹57.25 Lakh and a paid-up capital of ₹40.1 Lakh. It is led by directors including Jitendrakumar Raval and Rajendrasingh Jodha.
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 A.402 Empire Business Hub Opp Shakti Farm Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.57 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹12.31 Lakh (net margin -0.2%) and EBITDA of ₹5.22 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 9% over five years.
The company has about 157 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17.81 Cr and satisfied charges of ₹16.18 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
Merril Pharma Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UK-06-0001326). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merrilpharma.co.in.
Company details
CIN U24230GJ2005PTC046638
Registration Number 046638
Incorporation Date 22 August 2005
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 Medium
Udyam Registration UDYAM-UK-06-0001326
Recognitions & Rankings of Merril Pharma
Contact details
Merril Pharma Private Limited's registered office is in Ahmedabad, Gujarat. Its website is merrilpharma.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA.402 Empire Business Hub Opp Shakti Farm Science City Road Sola, Ahmedabad, Gujarat, India – 380060
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Merril Pharma Private Limited, buy the company report.
Comprehensive company report
Merril 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Merril 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 Merril Pharma Private Limited, buy the company report.
Financials of Merril Pharma Private Limited
FY 2025 filings availableMerril Pharma Private Limited reported revenue of ₹66.57 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹66.57 Cr ▲ 25%
Net loss · FY 2025
₹12.31 Lakh margin -0.2%
EBITDA · FY 2025
₹5.22 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 22%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 38%
5 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 25% growth in the latest year. EBITDA rose 40% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.31 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | -0.2% | ||||
| 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 Merril Pharma Private Limited, buy the company report.
Board of directors of Merril Pharma Private Limited
Merril Pharma has 6 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendrakumar Raval Also directs: Mestra Pharma Private Limited | Director | 15 May 2006 | 20 Years 5 Months | Current |
| Rajendrasingh Jodha Also directs: Mestra Pharma Private Limited | Director | 22 Aug 2005 | 21 Years 2 Months | Current |
| Rajendrakumar Patel Also directs: Mestra Pharma Private Limited | Director | 15 May 2006 | 20 Years 5 Months | Current |
| Bharatkumar Patel | Director | 22 Aug 2005 | 21 Years 2 Months | Current |
| Vipulkumar Bharatbhai Patel Also directs: Mestra Pharma Private Limited | Director | 29 Jun 2007 | 19 Years 4 Months | Current |
| Rakeshkumar Patel Also directs: Mestra Pharma Private Limited | Director | 15 May 2006 | 20 Years 5 Months | Current |
Peer comparison
Merril 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 |
|---|---|---|---|---|---|---|
| Premium Serums and Vaccines Private Limited | ₹67.25 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Pharmax India Private Limited | ₹66.65 Cr (FY 2024) | 2.0% | Mumbai, Maharashtra, India | |||
| Swefn Pharmaceuticals Private Limited | ₹66.63 Cr (FY 2025) | 9.0% | Moraiya, Gujarat, India | |||
| Merril Pharma Private Limitedthis company | ₹66.57 Cr (FY 2025) | -₹12.31 Lakh | -0.2% | 25.0% | 157 | Ahmedabad, Gujarat, India |
| Hiral Labs Limited | ₹66.46 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Skyec Drugs and Pharmaceuticals Private Limited | ₹66.27 Cr (FY 2025) | 19.0% | Chennai, Tamil Nadu, India | |||
| Medizen Labs Private Limited | ₹66.2 Cr (FY 2023) | 39.0% | Bangalore, Karnataka, India | |||
| Bestochem Formulations (India) Limited | ₹66.17 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Merril Pharma Private Limited, buy the company report.
Auditor
Merril Pharma Private Limited is audited by C D MODH & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C D MODH & CO | FY 2024 | 120474W |
Shareholding
The shareholding of Merril 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 Merril Pharma Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.81 Cr
Satisfied charges
₹16.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2025 | 101090378 | Others | ₹1 Lakh | Open | |
| 29 Jan 2025 | 101054471 | Others | ₹4.79 Cr | Open | |
| 29 Jan 2025 | 101054608 | Others | ₹5.2 Cr | Open | |
| 23 Mar 2022 | 100549469 | Sidbi | ₹89.91 Lakh | Open | |
| 29 Jul 2020 | 100356093 | Sidbi | ₹3 Cr | Open |
To see the full charge records of Merril Pharma Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Merril Pharma Private Limited has 3 court cases on record: 1 filed by Merril Pharma, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aligarh, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by State of Maharashtra at the Instance of D M Darandale Drugs Inspector Fda Ahmednagar | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Union of India and Anr | Disposed |
To see the full case history of Merril 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 Merril Pharma Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merril Pharma Private Limited has a workforce of 157 employees on its EPFO records as of Feb 28, 2025, across 2 active EPFO establishments.
Employee count
157
Active EPFO establishments
2
Employee growth
-2.48%
GST
Merril Pharma has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM4673L1Z6 | Gujarat | Active | 03 May 2019 |
| 05AAECM4673L1Z6 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merril Pharma Private Limited, buy the company report.
Recent activity
Merril Pharma Private Limited has 6 board changes on record since 2005: 6 appointments. The latest: Vipulkumar Bharatbhai Patel was appointed as Director on 29 Jun 2007.
AGM
Merril Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.00 Lakh with Charge ID 101090378 was registered on 05 May 2025.
Charges
A charge with Others of Rs. 479.00 Lakh registered on 29 Jan 2025 with Charge ID 101054471 was modified on 24 Apr 2025.
Charges
A charge with Others of Rs. 519.60 Lakh registered on 29 Jan 2025 with Charge ID 101054608 was modified on 24 Apr 2025.
Filing
Merril Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 18 Dec 2020 via Charge ID 100399332 with Bank Of India was fully satisfied on 18 Feb 2025.
Charges
A charge with Others amounted to Rs. 479.00 Lakh with Charge ID 101054471 was registered on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 519.60 Lakh with Charge ID 101054608 was registered on 29 Jan 2025.
Charges
A charge with Bank Of India of Rs. 1,399.54 Lakh registered on 18 Dec 2020 with Charge ID 100399332 was modified on 02 May 2022.
Charges
A charge with Sidbi amounted to Rs. 89.91 Lakh with Charge ID 100549469 was registered on 23 Mar 2022.
Charges
A charge with Bank Of India amounted to Rs. 1,399.54 Lakh with Charge ID 100399332 was registered on 18 Dec 2020.
Charges
A charge registered on 01 May 2018 via Charge ID 100177202 with Others was fully satisfied on 21 Sep 2020.
17 earlier events are in the company report.
Frequently asked questions
Merril Pharma is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 22 August 2005 (21+ years old) and is registered under CIN U24230GJ2005PTC046638.
Merril Pharma has 6 current directors:
- Jitendrakumar Raval - Director
- Rajendrasingh Jodha - Director
- Rajendrakumar Patel - Director
- Bharatkumar Patel - Director
- Vipulkumar Bharatbhai Patel - Director
- Rakeshkumar Patel - Director
The latest financial statements of Merril 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 Merril Pharma is 24AAECM4673L1Z6, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 05AAECM4673L1Z6 (Uttarakhand).
The CIN (Corporate Identification Number) of Merril Pharma is U24230GJ2005PTC046638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merril Pharma has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Merril Pharma was incorporated on 22 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Merril Pharma by revenue are Premium Serums and Vaccines Private Limited, Pharmax India Private Limited, Swefn Pharmaceuticals Private Limited, Hiral Labs Limited, Skyec Drugs and 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).
Vipulkumar Bharatbhai Patel was appointed as Director on 29 Jun 2007. Jitendrakumar Raval was appointed as Director on 15 May 2006. Rajendrakumar Patel was appointed as Director on 15 May 2006. Merril Pharma has 6 board changes on record in total.
Yes, Merril Pharma is registered as a medium enterprise under Udyam registration (number: UDYAM-UK-06-0001326).
Merril Pharma can be reached through the website merrilpharma.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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