About Montage Pharmaceuticals Pvt Ltd
Data last updated:
Montage Pharmaceuticals Pvt Ltd was a private limited company based in Mehsana, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 02 December 1994.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1994PTC023743. Its GSTIN is 24AABCM6386P1ZV (Gujarat).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Vijay Harishchandra Tagwale and Denis George Dsouza.
Its last annual general meeting (AGM) was held on 31 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Dhandhaidar Road Himatnagar, Mehsana, Gujarat, India – 383001.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.15 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹61.98 Lakh and EBITDA of ₹67,000 (EBITDA margin 58.3%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 49% over five years.
As per MCA filings, the company had satisfied charges of ₹33.6 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is montagelabs.com.
Company details
Contact details
Montage Pharmaceuticals Pvt Ltd's registered office is in Mehsana, Gujarat. Its website is montagelabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDhandhaidar Road Himatnagar, Mehsana, Gujarat, India – 383001
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Montage Pharmaceuticals Pvt Ltd, buy the company report.
- 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
Financials of Montage Pharmaceuticals Pvt Ltd
FY 2023 filings availableMontage Pharmaceuticals Pvt Ltd reported revenue of ₹1.15 Lakh (down 70% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 70% fall in the latest year. EBITDA rose 16% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹67,000 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹61.98 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 58.3% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Montage Pharmaceuticals Pvt Ltd, buy the company report.
Board of directors of Montage Pharmaceuticals Pvt Ltd
Montage Pharmaceuticals has 7 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Harishchandra Tagwale Also directs: Montage Laboratories Private Limited, Raptakos Pharma Private Limited, Raptakos Solar Private Limited and 2 more | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
| Denis George Dsouza | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
| Suchita Gajanan Ankolekar | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
| Navin Raghunath Shetty Also directs: Montage Laboratories Private Limited | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
| Kantilal Nanchand Shah | Director | 15 Feb 2000 | 26 Years 8 Months | As last reported |
| Shrenik Kantilal Shah Also directs: Genliva Wellness LLP, Montage Laboratories Private Limited | Director | 09 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Montage Pharmaceuticals Pvt Ltd is compared with the 10 companies closest to it by revenue in the Pharma industry (Formulations, Pharmaceuticals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dzyris Pharmaceuticals Private Limited | ₹1.16 Lakh (FY 2023) | Mumbai, Maharashtra, India | ||||
| Anatolis Pharmaceuticals Private Limited | ₹1.16 Lakh (FY 2018) | Miraroad East, Maharashtra, India | ||||
| Health Pharmacy Private Limited | ₹1.16 Lakh (FY 2025) | 187.0% | Kolkata, West Bengal, India | |||
| Samarbiotic Pharmaceuticals (OPC) Private Limited | ₹1.15 Lakh (FY 2019) | Talab Tillo, Jammu and Kashmir, India | ||||
| Srinaas Chemicals and Pharmaceuticals Private Limited | ₹1.15 Lakh (FY 2024) | Bibinagar, Telangana, India | ||||
| Montage Pharmaceuticals Pvt Ltdthis company | ₹1.15 Lakh (FY 2023) | -₹61.98 Lakh | -70.0% | Mehsana, Gujarat, India | ||
| Oshid Pharmaceuticals Pvt Ltd | ₹1.14 Lakh (FY 2025) | -78.0% | Punjab, India | |||
| Hesse Pharmaceuticals Private Limited | ₹1.14 Lakh (FY 2025) | -97.0% | Pathankot, Punjab, India | |||
| Kasina Laila Innova Pharmaceuticals Private Limited | ₹1.14 Lakh (FY 2024) | Vijayawada, Andhra Pradesh, India | ||||
| Devout Pharmaceuticals Private Limited | ₹1.14 Lakh (FY 2025) | -59.0% | Haridwar, Uttarakhand, India | |||
| Accutic Pharmaceuticals Private Limited | ₹1.13 Lakh (FY 2024) | -84.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Montage Pharmaceuticals Pvt Ltd, buy the company report.
Auditor
Montage Pharmaceuticals Pvt Ltd is audited by DARSHAN A SHAH & COMPANY for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DARSHAN A SHAH & COMPANY | FY 2020 | 125027W |
Shareholding
The shareholding of Montage Pharmaceuticals Pvt Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Montage Pharmaceuticals Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2017 | 100084879 | Others | ₹33.6 Cr | Satisfied |
To see the full charge records of Montage Pharmaceuticals Pvt Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
Montage Pharmaceuticals Pvt Ltd has 2 court cases on record: 2 filed by Montage Pharmaceuticals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Montage Pharmaceuticals Pvt Ltd, 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 Montage Pharmaceuticals Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Montage Pharmaceuticals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM6386P1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Montage Pharmaceuticals Pvt Ltd, buy the company report.
Recent activity
Montage Pharmaceuticals Pvt Ltd has 12 board changes on record since 2000: 7 appointments and 5 cessations. The latest: Denis George Dsouza ceased to be Additional Director on 18 Mar 2021.
6 earlier events are in the company report.
Frequently asked questions
Montage Pharmaceuticals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Montage Pharmaceuticals was a private limited company based in Mehsana, Gujarat, India. The company worked in drug formulation and development, within the pharma industry. It was incorporated on 02 December 1994 and is registered under CIN U24231GJ1994PTC023743. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Montage Pharmaceuticals was incorporated on 02 December 1994. It is registered with the Registrar of Companies, Ahmedabad.
Montage Pharmaceuticals had 7 directors:
- Vijay Harishchandra Tagwale - Director
- Denis George Dsouza - Director
- Suchita Gajanan Ankolekar - Director
- Navin Raghunath Shetty - Director
- Kantilal Nanchand Shah - Director
- Shrenik Kantilal Shah - Director
- Shripal Kantilal Shah - Director
The CIN (Corporate Identification Number) of Montage Pharmaceuticals is U24231GJ1994PTC023743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Montage Pharmaceuticals is at Dhandhaidar Road Himatnagar, Mehsana, Gujarat, India – 383001.
Montage Pharmaceuticals can be reached through the website montagelabs.com. Its registered office is in Mehsana, Gujarat, India.
The latest financial statements of Montage Pharmaceuticals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Montage Pharmaceuticals is 24AABCM6386P1ZV, registered in Gujarat.
Montage Pharmaceuticals operated in the pharma industry, in the drug formulation and development segment.
The peers of Montage Pharmaceuticals by revenue are Dzyris Pharmaceuticals Private Limited, Anatolis Pharmaceuticals Private Limited, Health Pharmacy Private Limited, Samarbiotic Pharmaceuticals (OPC) Private Limited, Srinaas Chemicals and Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (Formulations, Pharmaceuticals).
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