About Healthcaps India Limited
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Healthcaps India Limited is a public limited company based in Fatehpur, Punjab, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 06 December 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74899PB1982PLC050929. Its GSTIN is 03AAACC5021C1ZN (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.11 Cr. It was formerly known as Gelcaps (I) P Ltd and Capsugel India Limited. It is led by directors including Chiranjiv Singh (Managing Director) and Hariti Singh (Whole-Time Director).
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 Village Fatehpur P.O. Majra Jatan Tehsil Balachaur District – Sbs Nagar (N, Awanshahr), Punjab, India – 144522.
As per the financials filed for FY 2025, the company reported a revenue of ₹239.43 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹25.57 Cr (net margin 10.7%) and EBITDA of ₹38.63 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 17% over five years.
The company has about 387 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HealthCaps India. As per MCA filings, the company has open charges of ₹132.12 Cr and satisfied charges of ₹126.38 Cr on record. Court records list 47 cases involving the company, including 16 filed by the company and 31 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website healthcapsindia.com.
Company details
Name history
Healthcaps India has undergone 3 name changes throughout its history. The company was previously known as Gelcaps (I) P Ltd, Capsugel India Limited, and Capsugel India P Limited. The current legal name is Healthcaps India Limited.
| Company Name | Status |
|---|---|
| Healthcaps India Limited | Current |
| Gelcaps (I) P Ltd | Previous |
| Capsugel India Limited | Previous |
| Capsugel India P Limited | Previous |
CIN history
Healthcaps India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899PB1982PLC050929, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899PB1982PLC050929 | Current |
| U74899DL1982PLC014789 | Previous |
| L74899DL1982PLC014789 | Previous |
Contact details
Healthcaps India Limited's registered office is in Fatehpur, Punjab. Its website is healthcapsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Fatehpur P.O. Majra Jatan Tehsil Balachaur District – Sbs Nagar (N, Awanshahr), Punjab, India – 144522
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Healthcaps India Limited, 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
Brands
Healthcaps India operates one associated brand: HealthCaps India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures empty capsules using advanced technology for global pharmaceutical supply. | healthcapsindia.com |
Business activity
The main business activity of Healthcaps India 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 Healthcaps India Limited, buy the company report.
Financials of Healthcaps India Limited
FY 2025 filings availableHealthcaps India Limited reported revenue of ₹239.43 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 13% 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 |
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| Total Expenses | |||||
| EBITDA | ₹38.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.57 Cr | ||||
| Balance Sheet | |||||
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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 | 16.1% | ||||
| Net Profit Margin | 10.7% | ||||
| 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 Healthcaps India Limited, buy the company report.
Board of directors of Healthcaps India Limited
Healthcaps India has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hariti Singh Also directs: HV Caps Private Limited, G.One Formulations Private Limited, Alfa Caps Private Limited and 1 more | Whole-Time Director | 05 Jan 1997 | 29 Years 10 Months | Current |
| Chiranjiv Singh Also directs: HV Caps Private Limited, G.One Formulations Private Limited | Managing Director | 06 Dec 1982 | 43 Years 11 Months | Current |
| Arun Kumar Bhakoo | Director | 29 Mar 2015 | 11 Years 7 Months | Current |
| Gurcharan Singh | Director | 08 Feb 2000 | 26 Years 9 Months | Current |
Peer comparison
Healthcaps India Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Blue Circle Organics Private Limited | ₹243.24 Cr (FY 2019) | 35.0% | Mumbai, Maharashtra, India | |||
| Khandelwal Laboratories Private Limited | ₹240.41 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Ideal Cures Private Limited | ₹239.81 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Healthcaps India Limitedthis company | ₹239.43 Cr (FY 2025) | ₹25.57 Cr | 10.7% | -2.0% | 387 | Fatehpur, Punjab, India |
| Kemwell Biopharma Private Limited | ₹239.14 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Healthcaps India Limited, buy the company report.
Auditor
Healthcaps India Limited is audited by AARSH & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AARSH & ASSOCIATES | FY 2025 | 024177N |
Shareholding
The shareholding of Healthcaps India 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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Healthcaps India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101160394 | Uco Bank | ₹1.69 Cr | Open | |
| 20 May 2025 | 101106803 | Hdfc Bank Limited | ₹13.13 Cr | Open | |
| 05 Dec 2024 | 101037524 | Uco Bank | ₹17.5 Cr | Open | |
| 05 Apr 2023 | 100723934 | Uco Bank | ₹2.7 Cr | Open | |
| 12 Apr 2022 | 100567140 | Uco Bank | ₹1.6 Cr | Open |
To see the full charge records of Healthcaps India Limited, buy the company report.
Total charge records: 33 View all charges
Legal cases
Healthcaps India Limited has 47 court cases on record: 16 filed by Healthcaps India, 31 filed against it. 8 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 20 | 7 |
| High courts | 10 | 7 | 1 |
| Supreme Court | 4 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S. Acg Associated Capsules P. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Acg Associated Capsules Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S.Capricon Logistics Pvt.Ltd. | Pending |
| District court, SBS Nagar, Punjab | Civil suit | Filed by the company against M/S Satyam Technology Pvt Ltd and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S.Capricon Logistics Pvt.Ltd. | Disposed |
To see the full case history of Healthcaps India 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
Healthcaps India Limited was last rated by Icra on 06 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 Jan 2022 |
To see the full credit ratings and regulatory alerts of Healthcaps India Limited, buy the company report.
MSME payment delays
Healthcaps India Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 228 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ozark Engineering Private Limited | |||
| B.S. Mehra Sons Pvt Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Healthcaps India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Healthcaps India Limited has a workforce of 387 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 387 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Healthcaps India Limited, buy the company report.
GST
Healthcaps India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACC5021C1ZN | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Healthcaps India Limited, buy the company report.
Recent activity
Healthcaps India Limited has 12 board changes on record since 1982: 4 appointments and 8 cessations. The latest: Inderjit Singh Bindra ceased to be Director on 01 Oct 2021.
67 earlier events are in the company report.
Frequently asked questions
Healthcaps India is an active public limited company based in Fatehpur, Punjab, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 06 December 1982 (44+ years old) and is registered under CIN U74899PB1982PLC050929.
Healthcaps India has 4 current directors:
- Chiranjiv Singh - Managing Director
- Hariti Singh - Whole-Time Director
- Arun Kumar Bhakoo - Director
- Gurcharan Singh - Director
The latest financial statements of Healthcaps India 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 Healthcaps India is 03AAACC5021C1ZN, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Healthcaps India is U74899PB1982PLC050929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Healthcaps India has 47 court cases on record: 16 filed by the company and 31 filed against it. 8 are pending. Most are in the district courts.
Healthcaps India was incorporated on 06 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Healthcaps India by revenue are Blue Circle Organics Private Limited, Khandelwal Laboratories Private Limited, Ideal Cures Private Limited, Kemwell Biopharma Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Inderjit Singh Bindra ceased to be Director on 01 Oct 2021. Tarun Mukherjee ceased to be Director on 01 Aug 2019. Jagat Jit Singh ceased to be Director on 24 Apr 2018. Healthcaps India has 12 board changes on record in total.
Healthcaps India has 8 MSME Form 1 returns on record between 2019 and 2023, listing 228 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Healthcaps India can be reached through the website healthcapsindia.com. Its registered office is in Fatehpur, Punjab, India.
The registered office of Healthcaps India is at Village Fatehpur P.O. Majra Jatan Tehsil Balachaur District – Sbs Nagar N, Awanshahr, Punjab, India – 144522.
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