India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#258- Valuation
- ₹22,170 Cr
2023 #261 2022 #234 2021 #227
Revenue · FY 2025
₹6,499.64 Cr
▼ 2% YoY
Net profit · FY 2025
₹519.74 Cr
Net margin 8%
EBITDA · FY 2025
₹1,708.01 Cr
EBITDA margin 26.3%
Authorised capital
₹34 Cr
Registered with MCA
Paid-up capital
₹24 Cr
Issued & subscribed
Open charges
₹1,659.88 Cr
Satisfied ₹1,009.36 Cr
Company age
53 yrs
Est. 1973
Employees · EPFO
408
Provident fund records
About Micro Labs Limited
Data last updated:
Micro Labs Limited is a public limited company based in Bengaluru, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 07 September 1973 and has been in existence for over 53 years.
Its director Anand Surana and family are #184 among India's richest people (2026). Its director Dilip Surana and family are #184 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24232KA1973PLC002401. Its GSTIN is 29AABCM2131N1ZE (Karnataka). The company holds 27 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹34 Cr and a paid-up capital of ₹24 Cr. It was formerly known as Micro Labs Private Limited. It is led by directors including Dilip Surana (Managing Director) and Anand Surana (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 31 Race Course Road, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6,499.64 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹519.74 Cr (net margin 8%) and EBITDA of ₹1,708.01 Cr (EBITDA margin 26.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.
The company has about 408 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Micro Labs. As per MCA filings, the company has open charges of ₹1,659.88 Cr and satisfied charges of ₹1,009.36 Cr on record. Court records list 446 cases involving the company, including 259 filed by the company and 187 filed against it; 77 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2023. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 160 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microlabsltd.com.
Company details
CIN U24232KA1973PLC002401
Registration Number 002401
Incorporation Date 07 September 1973
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Micro Labs has one previous CIN (Corporate Identification Number): U85110KA1973PLC002401. The current CIN is U24232KA1973PLC002401, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24232KA1973PLC002401 | Current |
| U85110KA1973PLC002401 | Previous |
Key People
Dilip Surana Managing Director Anand Surana Whole-Time Director Pramod Kumar Shantilal Director Recognitions & Rankings of Micro Labs
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #184 Anand Surana & family ₹19,600 Cr
- #184 Dilip Surana & family ₹19,600 Cr
Contact details
Micro Labs Limited's registered office is in Bengaluru, Karnataka. Its website is microlabsltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address31 Race Course Road, Bengaluru, Karnataka, India – 560001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Micro Labs Limited, buy the company report.
Comprehensive company report
Micro Labs 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
Micro Labs operates one associated brand: Micro Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Generics and API manufacturer | microlabsltd.com |
Business activity
The main business activity of Micro Labs 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 Micro Labs Limited, buy the company report.
Financials of Micro Labs Limited
FY 2025 filings availableMicro Labs Limited reported revenue of ₹6,499.64 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹6,499.64 Cr ▼ 2%
Net profit · FY 2025
₹519.74 Cr margin 8%
EBITDA · FY 2025
₹1,708.01 Cr margin 26.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 8%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 8%
5 years · compounded
▲ 12%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 12% 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 | |||||
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| Total Expenses | |||||
| EBITDA | ₹1,708.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹519.74 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.3% | ||||
| Net Profit Margin | 8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Micro Labs Limited, buy the company report.
Board of directors of Micro Labs Limited
Micro Labs has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Kumar Shantilal Also directs: Kithur Channamma Roller Flour Mills LLP, Sunil Agro Foods Limited, Vega Auto Accessories Limited and 2 more | Director | 22 Jun 2024 | 2 Years 4 Months | Current |
| Jain Namrata | Director | 12 Jul 2024 | 2 Years 3 Months | Current |
| Vijay Kantilal Shah | Director | 20 Aug 2024 | 2 Years 2 Months | Current |
| Dilip Surana Also directs: Chitraveli Realty Solutions LLP, Micro Infrastructure India Private Limited, Bahl and Company Private Limited and 2 more | Managing Director | 18 Jul 1994 | 32 Years 3 Months | Current |
| Anand Surana Also directs: Chitraveli Realty Solutions LLP, Micro Infrastructure India Private Limited, Bahl and Company Private Limited and 5 more | Whole-Time Director | 01 Apr 2010 | 16 Years 6 Months | Current |
Auditor
Micro Labs Limited is audited by Dagliya & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dagliya & Co | FY 2025 | 000671-S |
Shareholding
The shareholding of Micro Labs Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | 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 Micro Labs Limited, buy the company report.
Charges & borrowings
Open charges
₹1,659.88 Cr
Satisfied charges
₹1,009.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2025 | 101126408 | Idbi Bank Limited | ₹120 Cr | Open | |
| 18 Jun 2022 | 100610675 | City Union Bank Limited | ₹5 Cr | Open | |
| 21 Apr 2017 | 100096968 | Others | ₹379.88 Cr | Open | |
| 24 Jan 2014 | 10476286 | Others | ₹389.25 Cr | Open | |
| 29 Jun 2013 | 10438079 | The Hongkong and Shanghai Banking Corporation Limited | ₹120 Cr | Open |
To see the full charge records of Micro Labs Limited, buy the company report.
Total charge records: 70 View all charges
Deals & funding
Micro Labs Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2023.
Total deals
6
Secondary share transfers
5
Acquisition
1
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Sep 2016 | Acquisition | Undisclosed | Buyer: Indoco Remedies Limited Seller: Micro Labs Limited |
To see the full deal history of Micro Labs 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
Micro Labs Limited has 446 court cases on record: 259 filed by Micro Labs, 187 filed against it. 77 cases are pending and 369 are disposed.
Total cases
446
Filed by the company
259
Filed against the company
187
Pending
77
Disposed
369
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 219 | 93 | 43 |
| District courts | 209 | 81 | 34 |
| Supreme Court | 18 | 13 | 0 |
Cases on record (5 of 446)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMMP) | Filed by the company against Ajanta Pharma Limited | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Cipla Health Limited | Pending |
| High Court of Karnataka | Appeal | Filed against the company by M/S. Sunlife Sciences Pvt. Ltd. | Pending |
| High Court | Court case (COMIP) | Filed against the company by Ajanta Pharma Limited, W.S. Kane and Co | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Ajanta Pharma Limited | Pending |
To see the full case history of Micro Labs 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.
Credit ratings & regulatory alerts
Micro Labs Limited was last rated by Crisil on 28 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Apr 2021 |
To see the full credit ratings and regulatory alerts of Micro Labs Limited, buy the company report.
MSME payment delays
Micro Labs Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 160 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 160)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Marchak Manufacturing Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Micro Labs Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Micro Labs has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| LLC Micro Animal Health Care Private Limited | U24100KA2021PTC155858 |
To see the full group structure of Micro Labs Limited, buy the company report.
Employees & EPFO
Micro Labs Limited has a workforce of 408 employees on its EPFO records as of Oct 11, 2025, across 3 active EPFO establishments.
Employee count
408
Active EPFO establishments
3
Employee growth
-97.06%
GST
Micro Labs has 27 GST registrations: 15 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
27
Active
15
Cancelled / inactive
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM2131N1ZE | Karnataka | Active | 01 Jul 2017 |
| 29AABCM2131N2ZD | Karnataka | Active | 03 Aug 2017 |
| 03AABCM2131N3ZQ | Punjab | Active | 01 Jul 2017 |
| 07AABCM2131N1ZK | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Micro Labs Limited, buy the company report.
Recent activity
Micro Labs Limited has 14 board changes on record since 1994: 6 appointments and 8 cessations. The latest: Vijay Kantilal Shah was appointed as Director on 20 Aug 2024.
AGM
Micro Labs Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Charges
A charge with Idbi Bank Limited amounted to Rs. 120.00 Cr with Charge ID 101126408 was registered on 04 Jul 2025.
Filing
Micro Labs Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Vijay Kantilal Shah was appointed as Director.
Appointed
Jain Namrata was appointed as Director.
Ceased
Grama Seshamurthy Balaji ceased to be Director.
Ceased
Pinky Jain ceased to be Director.
Ceased
Vijay Kantilal Shah ceased to be Director.
Appointed
Pramod Kumar Shantilal was appointed as Director.
Charges
A charge with City Union Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100610675 was registered on 18 Jun 2022.
Charges
A charge registered on 28 Dec 2011 via Charge ID 10329490 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 08 Dec 2021.
Charges
A charge registered on 30 Mar 2002 via Charge ID 90192532 with Canara Bank was fully satisfied on 19 Nov 2021.
155 earlier events are in the company report.
News
Frequently asked questions
Micro Labs is an active public limited company based in Bengaluru, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 07 September 1973 (53+ years old) and is registered under CIN U24232KA1973PLC002401.
Micro Labs has 5 current directors:
- Dilip Surana - Managing Director
- Anand Surana - Whole-Time Director
- Pramod Kumar Shantilal - Director
- Jain Namrata - Director
- Vijay Kantilal Shah - Director
The latest financial statements of Micro Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Micro Labs is 29AABCM2131N1ZE, registered in Karnataka. The company has 27 GST registrations in all, of which 15 are active and 12 are cancelled or inactive. Other active GSTINs include 29AABCM2131N2ZD (Karnataka), 03AABCM2131N3ZQ (Punjab), 07AABCM2131N1ZK (Delhi).
The CIN (Corporate Identification Number) of Micro Labs is U24232KA1973PLC002401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micro Labs has 446 court cases on record: 259 filed by the company and 187 filed against it. 77 are pending. Most are in the high courts.
Micro Labs was incorporated on 07 September 1973, making it 53+ years old. It is registered with the Registrar of Companies, Bangalore.
Micro Labs has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2023.
Vijay Kantilal Shah was appointed as Director on 20 Aug 2024. Jain Namrata was appointed as Director on 12 Jul 2024. Grama Seshamurthy Balaji ceased to be Director on 23 Jun 2024. Micro Labs has 14 board changes on record in total.
Micro Labs has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 160 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Micro Labs can be reached through the website microlabsltd.com. Its registered office is in Bengaluru, Karnataka, India.